Vanguard Group Inc. boosted its position in MarketAxess Holdings, Inc. (NASDAQ:MKTX) by 5.0% during the first quarter, Holdings Channel reports. The fund owned 2,855,565 shares of the financial services provider’s stock after buying an additional 134,735 shares during the period. Vanguard Group Inc. owned approximately 0.08% of MarketAxess Holdings worth $535,390,000 as of its most recent filing with the SEC.
A number of other institutional investors have also recently modified their holdings of MKTX. Norges Bank purchased a new position in shares of MarketAxess Holdings during the fourth quarter worth $60,639,000. Renaissance Technologies LLC purchased a new position in shares of MarketAxess Holdings during the fourth quarter worth $26,961,000. AQR Capital Management LLC increased its position in shares of MarketAxess Holdings by 130.1% in the fourth quarter. AQR Capital Management LLC now owns 289,330 shares of the financial services provider’s stock worth $42,508,000 after buying an additional 163,585 shares during the last quarter. Columbus Circle Investors purchased a new position in shares of MarketAxess Holdings during the first quarter worth $13,760,000. Finally, Ownership Capital B.V. purchased a new position in shares of MarketAxess Holdings during the first quarter worth $13,202,000. Institutional investors and hedge funds own 89.78% of the company’s stock.
MarketAxess Holdings, Inc. (MKTX) opened at 201.39 on Monday. The firm has a market capitalization of $7.56 billion, a P/E ratio of 54.70 and a beta of 0.56. The firm has a 50 day moving average of $192.86 and a 200 day moving average of $181.72. MarketAxess Holdings, Inc. has a 12-month low of $134.84 and a 12-month high of $211.06.
MarketAxess Holdings (NASDAQ:MKTX) last issued its quarterly earnings results on Wednesday, April 26th. The financial services provider reported $1.11 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.95 by $0.16. The firm had revenue of $103.90 million during the quarter, compared to the consensus estimate of $102.52 million. MarketAxess Holdings had a return on equity of 30.39% and a net margin of 36.26%. The company’s revenue for the quarter was up 17.3% on a year-over-year basis. During the same quarter last year, the company posted $0.77 EPS. On average, analysts forecast that MarketAxess Holdings, Inc. will post $4.15 EPS for the current fiscal year.
A number of equities analysts recently weighed in on MKTX shares. Zacks Investment Research downgraded shares of 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 issued a $190.00 price objective on shares of MarketAxess Holdings in a report on Tuesday, April 4th. Finally, BidaskClub downgraded shares of MarketAxess Holdings from a “buy” rating to a “hold” rating in a report on Saturday. Four equities research analysts have rated the stock with a hold rating, two have given a buy rating and two have given a strong buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $186.50.
In related news, insider Kevin M. Mcpherson sold 9,286 shares of the business’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 value of $1,869,736.10. Following the completion of the sale, the insider now owns 90,929 shares in the company, valued at approximately $18,308,554.15. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Stephen P. Casper sold 230 shares of the business’s stock in a transaction that occurred on 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 owns 50,464 shares of the company’s stock, valued at approximately $9,320,700.80. The disclosure for this sale can be found here. In the last quarter, insiders have sold 62,112 shares of company stock valued at $11,912,518. Corporate 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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