Amundi Pioneer Asset Management Inc. purchased a new stake in shares of MarketAxess Holdings Inc. (NASDAQ:MKTX) in the fourth quarter, according to its most recent disclosure with the SEC. The firm purchased 69,621 shares of the financial services provider’s stock, valued at approximately $14,046,000. Amundi Pioneer Asset Management Inc. owned approximately 0.19% of MarketAxess as of its most recent filing with the SEC.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Gardiner Nancy B bought a new position in MarketAxess during the 4th quarter valued at $201,000. First Republic Investment Management Inc. boosted its stake in MarketAxess by 30.8% during the 3rd quarter. First Republic Investment Management Inc. now owns 1,373 shares of the financial services provider’s stock valued at $253,000 after purchasing an additional 323 shares in the last quarter. Polen Capital Management LLC bought a new position in MarketAxess during the 4th quarter valued at $262,000. Traynor Capital Management Inc. bought a new position in MarketAxess during the 4th quarter valued at $264,000. Finally, Puzo Michael J boosted its stake in MarketAxess by 44.1% during the 4th quarter. Puzo Michael J now owns 1,635 shares of the financial services provider’s stock valued at $330,000 after purchasing an additional 500 shares in the last quarter. 99.81% of the stock is owned by hedge funds and other institutional investors.
A number of equities analysts have issued reports on MKTX shares. Rosenblatt Securities started coverage on MarketAxess in a research note on Thursday, December 14th. They set a “neutral” rating and a $190.00 price target for the company. Keefe, Bruyette & Woods reaffirmed a “buy” rating and set a $215.00 price target on shares of MarketAxess in a research note on Friday, December 22nd. Zacks Investment Research raised MarketAxess from a “sell” rating to a “hold” rating in a research note on Tuesday, December 26th. Goldman Sachs lowered MarketAxess from a “buy” rating to a “neutral” rating and set a $210.00 price objective for the company. in a research note on Monday, January 8th. Finally, UBS lowered MarketAxess from an “outperform” rating to a “market perform” rating in a research note on Monday, January 22nd. One investment analyst has rated the stock with a sell rating, six have given a hold rating and two have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $214.50.
In other news, CEO Richard M. Mcvey sold 35,000 shares of the stock in a transaction on Thursday, February 8th. The stock was sold at an average price of $190.61, for a total value of $6,671,350.00. Following the completion of the sale, the chief executive officer now owns 1,115,767 shares in the company, valued at $212,676,347.87. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Kevin M. Mcpherson sold 2,500 shares of the stock in a transaction on Thursday, March 15th. The shares were sold at an average price of $223.43, for a total value of $558,575.00. Following the completion of the sale, the insider now owns 80,192 shares of the company’s stock, valued at approximately $17,917,298.56. The disclosure for this sale can be found here. Insiders sold 55,125 shares of company stock valued at $10,849,545 in the last 90 days. Corporate insiders own 4.02% of the company’s stock.
Shares of MKTX traded down $1.76 during trading hours on Friday, hitting $206.68. 305,027 shares of the company were exchanged, compared to its average volume of 229,084. The firm has a market cap of $7,843.44, a PE ratio of 53.45 and a beta of 0.57. MarketAxess Holdings Inc. has a one year low of $171.45 and a one year high of $229.84.
MarketAxess (NASDAQ:MKTX) last released its earnings results on Wednesday, January 31st. The financial services provider reported $0.89 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.88 by $0.01. The company had revenue of $99.57 million during the quarter, compared to analyst estimates of $98.70 million. MarketAxess had a return on equity of 29.54% and a net margin of 37.26%. equities research analysts expect that MarketAxess Holdings Inc. will post 4.69 EPS for the current fiscal year.
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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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