Capital Impact Advisors LLC lowered its position in MarketAxess Holdings, Inc. (NASDAQ:MKTX) by 27.7% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,864 shares of the financial services provider’s stock after selling 2,246 shares during the period. Capital Impact Advisors LLC’s holdings in MarketAxess Holdings were worth $1,179,000 at the end of the most recent reporting period.
Several other large investors have also added to or reduced their stakes in the company. Cutler Group LP acquired a new stake in MarketAxess Holdings during the second quarter worth approximately $110,000. Puzo Michael J acquired a new stake in MarketAxess Holdings during the first quarter worth approximately $212,000. Gardiner Nancy B acquired a new stake in MarketAxess Holdings during the first quarter worth approximately $224,000. Independence Trust CO acquired a new stake in MarketAxess Holdings during the first quarter worth approximately $240,000. Finally, WMS Partners LLC acquired a new stake in MarketAxess Holdings during the first quarter worth approximately $243,000. 89.82% of the stock is currently owned by institutional investors.
Shares of MarketAxess Holdings, Inc. (NASDAQ MKTX) traded up 0.03% during midday trading on Thursday, reaching $194.68. The company had a trading volume of 50,446 shares. MarketAxess Holdings, Inc. has a 12-month low of $145.10 and a 12-month high of $211.06. The stock’s 50 day moving average is $198.45 and its 200-day moving average is $187.20. The stock has a market capitalization of $7.31 billion, a PE ratio of 52.87 and a beta of 0.70.
MarketAxess Holdings (NASDAQ:MKTX) last posted its quarterly earnings results on Wednesday, April 26th. The financial services provider reported $1.11 earnings per share for the quarter, topping analysts’ consensus estimates of $0.95 by $0.16. MarketAxess Holdings had a return on equity of 30.39% and a net margin of 36.26%. The business had revenue of $103.90 million for the quarter, compared to the consensus estimate of $102.52 million. During the same period in the prior year, the business earned $0.77 EPS. The firm’s revenue for the quarter was up 17.3% on a year-over-year basis. On average, equities research analysts predict that MarketAxess Holdings, Inc. will post $4.01 earnings per share for the current fiscal year.
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A number of research firms have recently commented on MKTX. BidaskClub lowered MarketAxess Holdings from a “buy” rating to a “hold” rating in a research report on Saturday, June 24th. Keefe, Bruyette & Woods reaffirmed a “buy” rating and set a $190.00 price target on shares of MarketAxess Holdings in a research report on Tuesday, April 4th. Finally, Zacks Investment Research lowered MarketAxess Holdings from a “hold” rating to a “sell” rating in a research report on Friday, April 7th. One analyst has rated the stock with a sell rating, three have assigned a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company’s stock. MarketAxess Holdings presently has a consensus rating of “Buy” and an average price target of $189.83.
In related news, insider Kevin M. Mcpherson sold 9,286 shares of the company’s stock in a transaction that occurred on Monday, June 12th. The stock was sold at an average price of $201.35, for a total transaction of $1,869,736.10. Following the transaction, the insider now directly owns 90,929 shares of the company’s stock, valued at approximately $18,308,554.15. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Nicholas Themelis sold 5,596 shares of the company’s stock in a transaction that occurred on Friday, June 9th. The stock was sold at an average price of $200.84, for a total value of $1,123,900.64. Following the transaction, the insider now directly owns 67,763 shares in the company, valued at $13,609,520.92. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 62,112 shares of company stock worth $11,912,518. 4.51% of the stock is owned by company insiders.
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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