Renaissance Technologies LLC decreased its stake in shares of MarketAxess Holdings, Inc. (NASDAQ:MKTX) by 2.4% during the first quarter, Holdings Channel reports. The institutional investor owned 179,110 shares of the financial services provider’s stock after selling 4,400 shares during the period. Renaissance Technologies LLC’s holdings in MarketAxess Holdings were worth $33,581,000 at the end of the most recent quarter.
A number of other hedge funds also recently bought and sold shares of the stock. American International Group Inc. increased its stake in MarketAxess Holdings by 3.8% in the first quarter. American International Group Inc. now owns 75,058 shares of the financial services provider’s stock valued at $14,073,000 after buying an additional 2,781 shares in the last quarter. Swiss National Bank increased its stake in MarketAxess Holdings by 0.3% in the first quarter. Swiss National Bank now owns 62,106 shares of the financial services provider’s stock valued at $11,644,000 after buying an additional 200 shares in the last quarter. Canada Pension Plan Investment Board increased its stake in MarketAxess Holdings by 185.0% in the first quarter. Canada Pension Plan Investment Board now owns 5,700 shares of the financial services provider’s stock valued at $1,069,000 after buying an additional 3,700 shares in the last quarter. Old Mutual Global Investors UK Ltd. bought a new stake in MarketAxess Holdings during the first quarter valued at approximately $327,000. Finally, Quadrature Capital Ltd bought a new stake in MarketAxess Holdings during the fourth quarter valued at approximately $855,000. 89.78% of the stock is owned by hedge funds and other institutional investors.
MarketAxess Holdings, Inc. (NASDAQ:MKTX) opened at 197.64 on Wednesday. MarketAxess Holdings, Inc. has a 52 week low of $134.84 and a 52 week high of $211.06. The stock’s 50 day moving average price is $192.86 and its 200-day moving average price is $181.72. The stock has a market capitalization of $7.42 billion, a P/E ratio of 53.68 and a beta of 0.56.
MarketAxess Holdings (NASDAQ:MKTX) last issued its quarterly earnings data on Wednesday, April 26th. The financial services provider reported $1.11 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.95 by $0.16. The business 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 business’s revenue was up 17.3% on a year-over-year basis. During the same period in the previous year, the firm posted $0.77 earnings per share. Equities research analysts expect that MarketAxess Holdings, Inc. will post $4.15 earnings per share for the current year.
MKTX has been the subject of several analyst reports. Zacks Investment Research downgraded MarketAxess Holdings from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, March 28th. BidaskClub downgraded MarketAxess Holdings from a “buy” rating to a “hold” rating in a research note on Saturday. Finally, Keefe, Bruyette & Woods reaffirmed a “buy” rating and set a $190.00 price objective on shares of MarketAxess Holdings in a research note on Tuesday, April 4th. Five research analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $186.50.
In other news, CEO Richard M. Mcvey sold 20,000 shares of the business’s stock in a transaction that occurred on Monday, May 8th. The stock was sold at an average price of $185.70, for a total transaction of $3,714,000.00. Following the completion of the transaction, the chief executive officer now directly owns 1,080,170 shares in the company, valued at $200,587,569. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, 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 transaction, the insider now owns 90,929 shares of the company’s stock, valued at $18,308,554.15. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 62,112 shares of company stock valued at $11,912,518. 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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