Atlantic Trust Group LLC Purchases Shares of 408,519 MarketAxess Holdings Inc. (MKTX)

Atlantic Trust Group LLC bought a new stake in shares of MarketAxess Holdings Inc. (NASDAQ:MKTX) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 408,519 shares of the financial services provider’s stock, valued at approximately $75,376,000. Atlantic Trust Group LLC owned approximately 1.09% of MarketAxess as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in MKTX. D.A. Davidson & CO. grew its stake in MarketAxess by 0.5% during the 2nd quarter. D.A. Davidson & CO. now owns 1,380 shares of the financial services provider’s stock valued at $277,000 after purchasing an additional 7 shares during the last quarter. Coldstream Capital Management Inc. boosted its stake in shares of MarketAxess by 2.5% in the second quarter. Coldstream Capital Management Inc. now owns 1,610 shares of the financial services provider’s stock worth $324,000 after buying an additional 40 shares during the last quarter. Campbell Newman Asset Management Inc. boosted its stake in shares of MarketAxess by 4.9% in the second quarter. Campbell Newman Asset Management Inc. now owns 2,261 shares of the financial services provider’s stock worth $455,000 after buying an additional 105 shares during the last quarter. Great Lakes Advisors LLC boosted its stake in shares of MarketAxess by 5.9% in the second quarter. Great Lakes Advisors LLC now owns 1,913 shares of the financial services provider’s stock worth $385,000 after buying an additional 106 shares during the last quarter. Finally, Parametric Portfolio Associates LLC boosted its stake in shares of MarketAxess by 0.4% in the second quarter. Parametric Portfolio Associates LLC now owns 36,011 shares of the financial services provider’s stock worth $7,242,000 after buying an additional 134 shares during the last quarter. 91.65% of the stock is owned by hedge funds and other institutional investors.

Shares of MarketAxess Holdings Inc. (MKTX) traded up $2.20 during trading on Friday, reaching $203.72. The company had a trading volume of 214,055 shares, compared to its average volume of 241,191. The stock has a market capitalization of $7,564.44, a price-to-earnings ratio of 52.37 and a beta of 0.70. MarketAxess Holdings Inc. has a 52 week low of $153.95 and a 52 week high of $211.06.

MarketAxess (NASDAQ:MKTX) last released its quarterly earnings results on Wednesday, October 25th. The financial services provider reported $0.90 EPS for the quarter, hitting the consensus estimate of $0.90. The business had revenue of $96.70 million during the quarter, compared to analyst estimates of $96.35 million. MarketAxess had a return on equity of 30.12% and a net margin of 37.67%. The company’s quarterly revenue was up 7.1% on a year-over-year basis. During the same period last year, the business posted $0.82 earnings per share. equities research analysts expect that MarketAxess Holdings Inc. will post 3.93 EPS for the current year.

MarketAxess announced that its board has approved a share buyback program on Wednesday, October 25th that permits the company to buyback $100.00 million in outstanding shares. This buyback authorization permits the financial services provider to reacquire shares of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s board believes its shares are undervalued.

In other news, insider Kevin M. Mcpherson sold 5,000 shares of MarketAxess stock in a transaction dated Thursday, November 16th. The stock was sold at an average price of $176.61, for a total transaction of $883,050.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Stephen P. Casper sold 2,000 shares of MarketAxess stock in a transaction dated Wednesday, November 29th. The stock was sold at an average price of $195.84, for a total value of $391,680.00. The disclosure for this sale can be found here. Over the last quarter, insiders sold 50,225 shares of company stock valued at $8,955,630. 4.02% of the stock is currently owned by company insiders.

A number of equities analysts have issued reports on the company. Zacks Investment Research upgraded MarketAxess from a “hold” rating to a “strong-buy” rating and set a $238.00 price target on the stock in a research report on Monday, January 8th. Goldman Sachs Group downgraded MarketAxess from a “buy” rating to a “neutral” rating and set a $210.00 price target on the stock. in a research report on Monday, January 8th. Keefe, Bruyette & Woods reissued a “buy” rating and set a $215.00 target price on shares of MarketAxess in a report on Friday, December 22nd. Finally, Rosenblatt Securities initiated coverage on MarketAxess in a report on Thursday, December 14th. They set a “neutral” rating and a $190.00 target price for the company. Five investment analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $202.86.

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MarketAxess 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.

Institutional Ownership by Quarter for MarketAxess (NASDAQ:MKTX)

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