Decatur Capital Management Inc. purchased a new stake in MarketAxess Holdings Inc. (NASDAQ:MKTX) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 19,425 shares of the financial services provider’s stock, valued at approximately $6,244,000. Decatur Capital Management Inc. owned 0.05% of MarketAxess at the end of the most recent quarter.
Other hedge funds also recently modified their holdings of the company. AdvisorNet Financial Inc boosted its stake in shares of MarketAxess by 41.7% in the second quarter. AdvisorNet Financial Inc now owns 170 shares of the financial services provider’s stock valued at $55,000 after buying an additional 50 shares during the period. Robeco Institutional Asset Management B.V. bought a new stake in MarketAxess during the second quarter worth $71,000. Evolution Wealth Advisors LLC bought a new stake in MarketAxess during the second quarter worth $78,000. Bremer Bank National Association bought a new stake in MarketAxess during the first quarter worth $88,000. Finally, Ellis Investment Partners LLC bought a new stake in MarketAxess during the second quarter worth $96,000. Institutional investors and hedge funds own 99.19% of the company’s stock.
Several equities research analysts have weighed in on the company. ValuEngine cut MarketAxess from a “strong-buy” rating to a “buy” rating in a research note on Thursday. Buckingham Research cut MarketAxess from a “neutral” rating to an “underperform” rating and set a $245.00 target price for the company. in a research note on Wednesday, June 12th. Zacks Investment Research upgraded MarketAxess from a “sell” rating to a “hold” rating in a research note on Saturday, April 13th. BidaskClub upgraded MarketAxess from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, July 9th. Finally, Barclays upped their target price on MarketAxess from $244.00 to $289.00 and gave the stock an “equal weight” rating in a research note on Friday, June 28th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company. MarketAxess presently has an average rating of “Hold” and an average target price of $262.50.
Shares of NASDAQ:MKTX traded up $0.33 during trading on Friday, hitting $340.63. 436,709 shares of the company were exchanged, compared to its average volume of 355,291. The stock has a 50 day simple moving average of $340.81. The firm has a market cap of $12.85 billion, a P/E ratio of 74.54 and a beta of 0.22. The company has a quick ratio of 10.05, a current ratio of 10.05 and a debt-to-equity ratio of 0.14. MarketAxess Holdings Inc. has a 1-year low of $172.09 and a 1-year high of $373.98.
MarketAxess (NASDAQ:MKTX) last announced its quarterly earnings results on Wednesday, July 24th. The financial services provider reported $1.27 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.30 by ($0.03). The company had revenue of $125.50 million for the quarter, compared to analyst estimates of $126.06 million. MarketAxess had a return on equity of 29.85% and a net margin of 39.89%. The firm’s quarterly revenue was up 17.4% on a year-over-year basis. During the same quarter last year, the company posted $1.07 earnings per share. On average, equities research analysts expect that MarketAxess Holdings Inc. will post 5.17 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, August 21st. Stockholders of record on Wednesday, August 7th will be issued a dividend of $0.51 per share. The ex-dividend date of this dividend is Tuesday, August 6th. This represents a $2.04 annualized dividend and a dividend yield of 0.60%. MarketAxess’s dividend payout ratio (DPR) is presently 44.64%.
In other news, Director Stephen P. Casper sold 102 shares of the company’s stock in a transaction on Friday, June 7th. The shares were sold at an average price of $337.30, for a total transaction of $34,404.60. Following the completion of the transaction, the director now directly owns 13,157 shares in the company, valued at $4,437,856.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Richard M. Mcvey sold 20,000 shares of the company’s stock in a transaction on Wednesday, May 8th. The stock was sold at an average price of $281.14, for a total transaction of $5,622,800.00. Following the transaction, the chief executive officer now owns 1,006,289 shares of the company’s stock, valued at $282,908,089.46. The disclosure for this sale can be found here. 3.28% of the stock is currently owned by corporate insiders.
MarketAxess Company Profile
MarketAxess Holdings Inc, together with its subsidiaries, operates an electronic trading platform that enables fixed-income market participants to trade corporate bonds and other types of fixed-income instruments worldwide. It offers institutional investor and broker-dealer firms the access to global liquidity in U.S.
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