Cambridge Investment Research Advisors Inc. acquired a new position in MarketAxess Holdings Inc. (NASDAQ:MKTX) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 2,321 shares of the financial services provider’s stock, valued at approximately $468,000.
A number of other institutional investors have also bought and sold shares of the business. Gardiner Nancy B bought a new stake in shares of MarketAxess during the fourth quarter worth $201,000. First Republic Investment Management Inc. raised its position in shares of MarketAxess by 30.8% during the third quarter. First Republic Investment Management Inc. now owns 1,373 shares of the financial services provider’s stock worth $253,000 after acquiring an additional 323 shares during the last quarter. Polen Capital Management LLC bought a new stake in shares of MarketAxess during the fourth quarter worth $262,000. Traynor Capital Management Inc. bought a new stake in shares of MarketAxess during the fourth quarter worth $264,000. Finally, Ellington Management Group LLC bought a new stake in shares of MarketAxess during the fourth quarter worth $323,000. 99.81% of the stock is currently owned by institutional investors.
In other MarketAxess news, insider Kevin M. Mcpherson sold 2,500 shares of the stock in a transaction dated Thursday, March 15th. The stock was 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 directly owns 80,192 shares in the company, valued at $17,917,298.56. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Richard M. Mcvey sold 35,000 shares of the stock in a transaction dated 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 of the company’s stock, valued at $212,676,347.87. 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 quarter. 4.02% of the stock is currently owned by corporate insiders.
A number of research firms have recently weighed in on MKTX. BidaskClub upgraded MarketAxess from a “buy” rating to a “strong-buy” rating in a research report on Friday, March 16th. Zacks Investment Research upgraded MarketAxess from a “sell” rating to a “hold” rating in a report on Monday, March 26th. ValuEngine upgraded MarketAxess from a “hold” rating to a “buy” rating in a report on Monday, April 2nd. Sandler O’Neill reiterated a “hold” rating and issued a $215.00 price objective on shares of MarketAxess in a report on Wednesday, April 4th. Finally, Raymond James Financial reiterated a “market perform” rating on shares of MarketAxess in a report on Monday, January 22nd. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and one has issued a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $214.50.
NASDAQ MKTX opened at $202.07 on Friday. The stock has a market capitalization of $7,745.98, a P/E ratio of 51.81 and a beta of 0.57. MarketAxess Holdings Inc. has a 12 month low of $171.45 and a 12 month high of $229.84.
MarketAxess (NASDAQ:MKTX) last released its quarterly earnings data on Wednesday, January 31st. The financial services provider reported $0.89 EPS for the quarter, beating analysts’ consensus estimates of $0.88 by $0.01. The business had revenue of $99.57 million during the quarter, compared to the consensus estimate of $98.70 million. MarketAxess had a return on equity of 29.54% and a net margin of 37.26%. equities analysts expect that MarketAxess Holdings Inc. will post 4.56 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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