National Asset Management Inc. lowered its stake in MarketAxess Holdings, Inc. (NASDAQ:MKTX) by 3.3% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,204 shares of the financial services provider’s stock after selling 75 shares during the period. National Asset Management Inc.’s holdings in MarketAxess Holdings were worth $414,000 at the end of the most recent reporting period.
Several other hedge funds have also recently made changes to their positions in MKTX. Russell Investments Group Ltd. purchased a new stake in shares of MarketAxess Holdings during the fourth quarter valued at about $8,064,000. State Board of Administration of Florida Retirement System raised its stake in shares of MarketAxess Holdings by 0.9% in the fourth quarter. State Board of Administration of Florida Retirement System now owns 45,728 shares of the financial services provider’s stock valued at $6,718,000 after buying an additional 430 shares in the last quarter. Comerica Bank raised its stake in shares of MarketAxess Holdings by 6.0% in the fourth quarter. Comerica Bank now owns 28,186 shares of the financial services provider’s stock valued at $4,421,000 after buying an additional 1,591 shares in the last quarter. Keybank National Association OH raised its stake in shares of MarketAxess Holdings by 7.8% in the fourth quarter. Keybank National Association OH now owns 4,589 shares of the financial services provider’s stock valued at $674,000 after buying an additional 332 shares in the last quarter. Finally, Trexquant Investment LP purchased a new stake in shares of MarketAxess Holdings during the fourth quarter valued at about $514,000. Institutional investors and hedge funds own 90.23% of the company’s stock.
MarketAxess Holdings, Inc. (NASDAQ MKTX) traded down 0.24% during trading on Tuesday, reaching $207.44. The company’s stock had a trading volume of 179,965 shares. The company has a market cap of $7.79 billion, a P/E ratio of 56.34 and a beta of 0.56. MarketAxess Holdings, Inc. has a 52 week low of $134.84 and a 52 week high of $211.06. The company’s 50 day moving average price is $192.43 and its 200 day moving average price is $181.38.
MarketAxess Holdings (NASDAQ:MKTX) last posted its quarterly earnings data on Wednesday, April 26th. The financial services provider reported $1.11 EPS for the quarter, topping the Zacks’ consensus estimate of $0.95 by $0.16. MarketAxess Holdings had a net margin of 36.26% and a return on equity of 30.39%. The company had revenue of $103.90 million during the quarter, compared to the consensus estimate of $102.52 million. During the same period in the prior year, the business posted $0.77 EPS. The company’s quarterly revenue was up 17.3% on a year-over-year basis. On average, equities analysts anticipate that MarketAxess Holdings, Inc. will post $4.15 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, May 25th. Stockholders of record on Thursday, May 11th were paid a dividend of $0.33 per share. The ex-dividend date was Tuesday, May 9th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 0.64%. MarketAxess Holdings’s dividend payout ratio is 35.77%.
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Several analysts recently issued reports on MKTX shares. Zacks Investment Research lowered MarketAxess Holdings from a “strong-buy” rating to a “hold” rating in a report on Tuesday, March 28th. Keefe, Bruyette & Woods reiterated a “buy” rating and set a $190.00 price objective on shares of MarketAxess Holdings in a report on Tuesday, April 4th. Finally, BidaskClub upgraded MarketAxess Holdings from a “hold” rating to a “buy” rating in a report on Friday. Four analysts have rated the stock with a hold rating, three have given a buy rating and two have issued 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 other news, insider Kevin M. Mcpherson sold 9,286 shares of the stock in a transaction dated Monday, June 12th. The shares were sold at an average price of $201.35, for a total transaction of $1,869,736.10. Following the completion of the transaction, the insider now directly owns 90,929 shares in the company, valued at approximately $18,308,554.15. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, insider Nicholas Themelis sold 5,596 shares of the stock in a transaction dated Friday, June 9th. The stock was sold at an average price of $200.84, for a total transaction of $1,123,900.64. Following the transaction, the insider now owns 67,763 shares of the company’s stock, valued at $13,609,520.92. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 62,112 shares of company stock valued at $11,912,518. Company insiders own 4.51% of the company’s stock.
About MarketAxess Holdings
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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