Edgestream Partners L.P. acquired a new position in shares of MarketAxess Holdings Inc. (NASDAQ:MKTX - Free Report) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 2,395 shares of the financial services provider's stock, valued at approximately $614,000.
Several other hedge funds also recently modified their holdings of the business. Accent Capital Management LLC bought a new stake in MarketAxess in the third quarter valued at about $25,000. Goodman Advisory Group LLC acquired a new stake in shares of MarketAxess in the second quarter valued at $27,000. Blue Trust Inc. grew its stake in shares of MarketAxess by 405.1% during the second quarter. Blue Trust Inc. now owns 197 shares of the financial services provider's stock valued at $43,000 after purchasing an additional 158 shares during the last quarter. Exchange Traded Concepts LLC bought a new position in MarketAxess in the 3rd quarter valued at $54,000. Finally, Livforsakringsbolaget Skandia Omsesidigt increased its position in MarketAxess by 555.6% in the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 236 shares of the financial services provider's stock worth $60,000 after purchasing an additional 200 shares during the period. 99.01% of the stock is owned by institutional investors.
MarketAxess Stock Performance
Shares of MKTX stock traded down $5.42 during mid-day trading on Friday, hitting $238.54. The company's stock had a trading volume of 267,702 shares, compared to its average volume of 408,055. MarketAxess Holdings Inc. has a 52 week low of $192.42 and a 52 week high of $297.97. The company has a market cap of $8.99 billion, a PE ratio of 33.06, a P/E/G ratio of 11.80 and a beta of 1.00. The company's fifty day simple moving average is $273.32 and its 200-day simple moving average is $240.74.
MarketAxess (NASDAQ:MKTX - Get Free Report) last posted its earnings results on Wednesday, November 6th. The financial services provider reported $1.90 EPS for the quarter, topping the consensus estimate of $1.85 by $0.05. MarketAxess had a net margin of 34.32% and a return on equity of 20.93%. The company had revenue of $206.70 million during the quarter, compared to the consensus estimate of $207.17 million. During the same period in the previous year, the firm posted $1.46 earnings per share. The firm's revenue for the quarter was up 20.0% on a year-over-year basis. On average, equities analysts anticipate that MarketAxess Holdings Inc. will post 7.37 earnings per share for the current year.
MarketAxess Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Wednesday, December 4th. Investors of record on Wednesday, November 20th were given a dividend of $0.74 per share. The ex-dividend date was Wednesday, November 20th. This represents a $2.96 annualized dividend and a dividend yield of 1.24%. MarketAxess's payout ratio is 40.11%.
Insider Buying and Selling
In other news, Chairman Richard M. Mcvey sold 10,000 shares of the business's stock in a transaction that occurred on Thursday, November 14th. The stock was sold at an average price of $267.67, for a total value of $2,676,700.00. Following the transaction, the chairman now owns 562,029 shares in the company, valued at $150,438,302.43. The trade was a 1.75 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 2.66% of the stock is currently owned by corporate insiders.
Analyst Ratings Changes
A number of research analysts have recently weighed in on MKTX shares. UBS Group increased their price target on MarketAxess from $330.00 to $335.00 and gave the company a "buy" rating in a research note on Thursday, November 7th. Citigroup upped their target price on MarketAxess from $310.00 to $325.00 and gave the stock a "buy" rating in a report on Friday, October 4th. Morgan Stanley raised their price objective on MarketAxess from $262.00 to $314.00 and gave the company an "equal weight" rating in a research report on Thursday, October 17th. The Goldman Sachs Group increased their target price on shares of MarketAxess from $204.00 to $233.00 and gave the stock a "neutral" rating in a research report on Monday, September 30th. Finally, Deutsche Bank Aktiengesellschaft raised their price objective on MarketAxess from $258.00 to $264.00 and gave the company a "hold" rating in a research note on Monday, November 11th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $267.50.
Read Our Latest Analysis on MarketAxess
MarketAxess Profile
(
Free Report)
MarketAxess Holdings Inc, together with its subsidiaries, operates an electronic trading platform for institutional investor and broker-dealer companies worldwide. The company offers trading technology that provides liquidity access in U.S. high-grade bonds, U.S. high-yield bonds, emerging market debt, eurobonds, municipal bonds, U.S.
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