Quantitative Systematic Strategies LLC acquired a new stake in shares of MarketAxess Holdings Inc. (NASDAQ:MKTX) during the second quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 1,708 shares of the company’s stock, valued at approximately $243,000.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. LMR Partners LLP purchased a new position in MarketAxess Holdings during the second quarter valued at approximately $3,720,000. Capital Fund Management S.A. purchased a new position in MarketAxess Holdings during the second quarter valued at approximately $1,519,000. Bank of Montreal Can purchased a new position in MarketAxess Holdings during the second quarter valued at approximately $177,000. Daiwa Securities Group Inc. purchased a new position in MarketAxess Holdings during the second quarter valued at approximately $160,000. Finally, Adams Diversified Equity Fund Inc. purchased a new position in MarketAxess Holdings during the second quarter valued at approximately $436,000. 92.37% of the stock is owned by hedge funds and other institutional investors.
MarketAxess Holdings Inc. (NASDAQ:MKTX) traded down 0.48% during trading on Friday, hitting $154.22. The stock had a trading volume of 292,292 shares. The stock’s 50-day moving average is $166.84 and its 200 day moving average is $147.96. The firm has a market cap of $5.80 billion, a price-to-earnings ratio of 53.18 and a beta of 0.65. MarketAxess Holdings Inc. has a one year low of $86.19 and a one year high of $178.21.
MarketAxess Holdings (NASDAQ:MKTX) last posted its quarterly earnings results on Thursday, July 28th. The company reported $0.88 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.85 by $0.03. MarketAxess Holdings had a return on equity of 27.14% and a net margin of 32.52%. The firm had revenue of $96.60 million for the quarter, compared to the consensus estimate of $93.98 million. During the same period in the previous year, the business earned $0.64 earnings per share. The company’s revenue for the quarter was up 27.9% compared to the same quarter last year. Equities analysts anticipate that MarketAxess Holdings Inc. will post $3.22 earnings per share for the current year.
MKTX has been the subject of a number of recent research reports. William Blair initiated coverage on MarketAxess Holdings in a research note on Monday, June 20th. They issued a “market perform” rating for the company. Zacks Investment Research downgraded MarketAxess Holdings from a “hold” rating to a “sell” rating in a research note on Monday, June 27th. Credit Suisse Group AG reaffirmed a “sell” rating on shares of MarketAxess Holdings in a research note on Tuesday, June 28th. Citigroup Inc. downgraded MarketAxess Holdings to a “market perform” rating in a research note on Friday, July 15th. They noted that the move was a valuation call. Finally, Raymond James Financial Inc. downgraded MarketAxess Holdings from an “outperform” rating to a “market perform” rating in a research note on Friday, July 15th. Three analysts have rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the company’s stock. MarketAxess Holdings currently has an average rating of “Hold” and a consensus target price of $140.75.
In other MarketAxess Holdings news, insider Nicholas Themelis sold 6,200 shares of the business’s stock in a transaction on Tuesday, August 23rd. The stock was sold at an average price of $165.40, for a total transaction of $1,025,480.00. Following the sale, the insider now directly owns 70,799 shares in the company, valued at $11,710,154.60. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Antonio L. Delise sold 10,000 shares of the business’s stock in a transaction on Friday, August 19th. The stock was sold at an average price of $166.79, for a total value of $1,667,900.00. Following the sale, the chief financial officer now owns 59,494 shares in the company, valued at $9,923,004.26. The disclosure for this sale can be found here. Company insiders own 4.51% of the company’s stock.
About MarketAxess Holdings
MarketAxess Holdings Inc (MarketAxess) is an electronic trading platform. The Company operates as an electronic multi-party platform for the trading of fixed-income securities and provides related data, analytics, compliance tools and post-trade services. The Company’s multi-dealer trading platform allows its institutional investor clients to request bids or offers from its broker-dealer clients and execute trades with the broker-dealer of their choice from among those that choose to respond.
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