Coldstream Capital Management Inc. boosted its position in MarketAxess Holdings, Inc. (NASDAQ:MKTX) by 2.5% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,610 shares of the financial services provider’s stock after purchasing an additional 40 shares during the period. Coldstream Capital Management Inc.’s holdings in MarketAxess Holdings were worth $324,000 as of its most recent SEC filing.
A number of other large investors have also recently made changes to their positions in the business. D.A. Davidson & CO. boosted its position in MarketAxess Holdings by 0.5% in the second quarter. D.A. Davidson & CO. now owns 1,380 shares of the financial services provider’s stock worth $277,000 after purchasing an additional 7 shares during the last quarter. First Personal Financial Services boosted its position in MarketAxess Holdings by 2.6% in the second quarter. First Personal Financial Services now owns 631 shares of the financial services provider’s stock worth $127,000 after purchasing an additional 16 shares during the last quarter. Flagship Harbor Advisors LLC boosted its position in MarketAxess Holdings by 1.7% in the first quarter. Flagship Harbor Advisors LLC now owns 1,873 shares of the financial services provider’s stock worth $338,000 after purchasing an additional 31 shares during the last quarter. Teacher Retirement System of Texas boosted its position in MarketAxess Holdings by 1.5% in the second quarter. Teacher Retirement System of Texas now owns 2,999 shares of the financial services provider’s stock worth $603,000 after purchasing an additional 43 shares during the last quarter. Finally, Capstone Asset Management Co. boosted its position in MarketAxess Holdings by 1.1% in the second quarter. Capstone Asset Management Co. now owns 5,056 shares of the financial services provider’s stock worth $1,017,000 after purchasing an additional 57 shares during the last quarter. 91.20% of the stock is currently owned by institutional investors and hedge funds.
Several brokerages have issued reports on MKTX. Keefe, Bruyette & Woods reissued a “buy” rating and issued a $210.00 target price on shares of MarketAxess Holdings in a research report on Friday, July 14th. BidaskClub raised MarketAxess Holdings from a “hold” rating to a “buy” rating in a research report on Monday, July 31st. Zacks Investment Research raised MarketAxess Holdings from a “sell” rating to a “hold” rating in a research report on Wednesday, August 23rd. Finally, Raymond James Financial, Inc. raised their target price on MarketAxess Holdings from $216.00 to $219.00 and gave the stock an “outperform” rating in a research report on Thursday, July 27th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, three have given a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $192.40.
In other news, CEO Richard M. Mcvey sold 20,000 shares of the company’s stock in a transaction dated Tuesday, August 8th. The stock was sold at an average price of $198.63, for a total value of $3,972,600.00. Following the sale, the chief executive officer now owns 1,108,142 shares in the company, valued at $220,110,245.46. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 4.02% of the stock is owned by corporate insiders.
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Shares of MarketAxess Holdings, Inc. (NASDAQ MKTX) traded up 0.26% on Wednesday, reaching $187.97. The company’s stock had a trading volume of 62,850 shares. The stock has a market cap of $7.06 billion, a PE ratio of 49.47 and a beta of 0.71. The firm has a 50 day moving average price of $184.32 and a 200-day moving average price of $190.97. MarketAxess Holdings, Inc. has a 12-month low of $145.10 and a 12-month high of $211.06.
MarketAxess Holdings (NASDAQ:MKTX) last issued its earnings results on Wednesday, July 26th. The financial services provider reported $1.00 EPS for the quarter, topping analysts’ consensus estimates of $0.92 by $0.08. MarketAxess Holdings had a return on equity of 30.38% and a net margin of 37.46%. The firm had revenue of $97.31 million for the quarter, compared to the consensus estimate of $96.42 million. During the same quarter in the prior year, the business earned $0.88 earnings per share. The company’s revenue was up .7% compared to the same quarter last year. Equities research analysts expect that MarketAxess Holdings, Inc. will post $4.03 EPS for the current year.
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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