Westwood Management Corp IL acquired a new stake in shares of MarketAxess Holdings Inc. (NASDAQ:MKTX) during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 3,000 shares of the financial services provider’s stock, valued at approximately $562,000.
A number of other institutional investors have also made changes to their positions in the stock. Advisors Preferred LLC increased its stake in shares of MarketAxess Holdings by 1,064.0% in the third quarter. Advisors Preferred LLC now owns 1,001 shares of the financial services provider’s stock valued at $166,000 after buying an additional 915 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of MarketAxess Holdings by 13.7% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,223 shares of the financial services provider’s stock valued at $203,000 after buying an additional 147 shares during the last quarter. Somerville Kurt F purchased a new stake in shares of MarketAxess Holdings during the third quarter valued at approximately $203,000. Cigna Investments Inc. New purchased a new stake in shares of MarketAxess Holdings during the fourth quarter valued at approximately $206,000. Finally, First Republic Investment Management Inc. increased its stake in shares of MarketAxess Holdings by 2.8% in the fourth quarter. First Republic Investment Management Inc. now owns 1,430 shares of the financial services provider’s stock valued at $210,000 after buying an additional 39 shares in the last quarter. Institutional investors and hedge funds own 89.11% of the company’s stock.
MarketAxess Holdings Inc. (NASDAQ:MKTX) opened at 186.40 on Friday. MarketAxess Holdings Inc. has a 52-week low of $132.87 and a 52-week high of $200.90. The company has a 50-day moving average of $185.82 and a 200-day moving average of $176.09. The company has a market cap of $7.00 billion, a P/E ratio of 50.62 and a beta of 0.70.
MarketAxess Holdings (NASDAQ:MKTX) last issued its quarterly earnings results on Wednesday, April 26th. The financial services provider reported $1.11 earnings per share for the quarter, beating the consensus estimate of $0.95 by $0.16. MarketAxess Holdings had a return on equity of 28.57% and a net margin of 34.11%. The firm had revenue of $103.90 million during the quarter, compared to the consensus estimate of $102.52 million. During the same period last year, the company earned $0.77 earnings per share. The company’s revenue was up 17.3% on a year-over-year basis. On average, equities research analysts expect that MarketAxess Holdings Inc. will post $4.18 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, May 25th. Stockholders of record on Thursday, May 11th will be issued a dividend of $0.33 per share. The ex-dividend date is Tuesday, May 9th. This represents a $1.32 annualized dividend and a dividend yield of 0.71%. MarketAxess Holdings’s payout ratio is presently 39.40%.
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Several brokerages have recently issued reports on MKTX. Keefe, Bruyette & Woods reissued a “buy” rating and set a $190.00 price objective on shares of MarketAxess Holdings in a research report on Tuesday, April 4th. Zacks Investment Research downgraded shares of MarketAxess Holdings from a “hold” rating to a “sell” rating in a research report on Friday, April 7th. Macquarie raised shares of MarketAxess Holdings from an “underperform” rating to a “neutral” rating and set a $178.00 price objective for the company in a research report on Tuesday, January 31st. Finally, Credit Suisse Group AG raised shares of MarketAxess Holdings from an “underperform” rating to a “neutral” rating and increased their price objective for the stock from $145.00 to $170.00 in a research report on Wednesday, January 25th. Four research analysts have rated the stock with a hold rating, two have assigned a buy rating and two have given a strong buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $186.50.
In related news, Director Stephen P. Casper sold 230 shares of MarketAxess Holdings stock in a transaction dated Wednesday, May 17th. The stock was sold at an average price of $184.70, for a total value of $42,481.00. Following the completion of the sale, the director now directly owns 50,464 shares in the company, valued at approximately $9,320,700.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Richard M. Mcvey sold 27,000 shares of MarketAxess Holdings stock in a transaction dated Tuesday, May 2nd. The stock was sold at an average price of $191.20, for a total value of $5,162,400.00. Following the completion of the sale, the chief executive officer now owns 1,082,844 shares of the company’s stock, valued at $207,039,772.80. The disclosure for this sale can be found here. Insiders have sold 47,230 shares of company stock valued at $8,918,881 over the last 90 days. Corporate insiders own 4.51% of the company’s stock.
MarketAxess Holdings Company Profile
MarketAxess Holdings Inc operates an electronic trading platform that enables fixed-income market participants to trade corporate bonds and other types of fixed-income instruments using its trading technology. Institutional investor and broker-dealer firms are users of trading platform, accessing global liquidity in the United States corporate bonds, emerging markets and high-yield bonds, European bonds, the United States agency bonds, municipal bonds, credit default swaps and other fixed-income securities.
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