Wilson Asset Management International PTY Ltd. increased its position in MarketAxess Holdings Inc. (NASDAQ:MKTX - Free Report) by 70.0% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 47,795 shares of the financial services provider's stock after buying an additional 19,676 shares during the quarter. MarketAxess accounts for approximately 3.0% of Wilson Asset Management International PTY Ltd.'s holdings, making the stock its 17th biggest holding. Wilson Asset Management International PTY Ltd. owned about 0.13% of MarketAxess worth $12,245,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently modified their holdings of MKTX. Retirement Planning Co of New England Inc. increased its holdings in MarketAxess by 2.9% in the 2nd quarter. Retirement Planning Co of New England Inc. now owns 1,566 shares of the financial services provider's stock worth $314,000 after acquiring an additional 44 shares in the last quarter. Nisa Investment Advisors LLC increased its stake in MarketAxess by 0.7% in the second quarter. Nisa Investment Advisors LLC now owns 7,376 shares of the financial services provider's stock worth $1,479,000 after purchasing an additional 52 shares during the period. DekaBank Deutsche Girozentrale boosted its stake in shares of MarketAxess by 1.0% during the third quarter. DekaBank Deutsche Girozentrale now owns 5,080 shares of the financial services provider's stock valued at $1,287,000 after purchasing an additional 52 shares during the period. Northwestern Mutual Wealth Management Co. grew its position in shares of MarketAxess by 4.9% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,616 shares of the financial services provider's stock worth $324,000 after buying an additional 76 shares during the last quarter. Finally, CVA Family Office LLC boosted its stake in MarketAxess by 47.4% in the 2nd quarter. CVA Family Office LLC now owns 252 shares of the financial services provider's stock worth $51,000 after purchasing an additional 81 shares in the last quarter. 99.01% of the stock is owned by institutional investors.
Insider Transactions at MarketAxess
In other MarketAxess news, insider Christophe Pierre Danie Roupie sold 617 shares of the firm's stock in a transaction dated Thursday, August 8th. The shares were sold at an average price of $231.63, for a total value of $142,915.71. Following the transaction, the insider now directly owns 7,409 shares of the company's stock, valued at $1,716,146.67. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.66% of the stock is owned by insiders.
Analyst Upgrades and Downgrades
A number of brokerages have recently commented on MKTX. Deutsche Bank Aktiengesellschaft raised their price objective on shares of MarketAxess from $218.00 to $223.00 and gave the stock a "hold" rating in a research note on Thursday, August 15th. Morgan Stanley upped their price objective on shares of MarketAxess from $262.00 to $314.00 and gave the company an "equal weight" rating in a report on Thursday, October 17th. Barclays upped their target price on shares of MarketAxess from $237.00 to $268.00 and gave the company an "equal weight" rating in a research report on Monday, October 7th. The Goldman Sachs Group boosted their price objective on MarketAxess from $204.00 to $233.00 and gave the company a "neutral" rating in a report on Monday, September 30th. Finally, Keefe, Bruyette & Woods upped their price objective on MarketAxess from $222.00 to $225.00 and gave the stock a "market perform" rating in a research report on Wednesday, August 7th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $253.30.
Read Our Latest Analysis on MKTX
MarketAxess Stock Up 1.2 %
Shares of MKTX traded up $3.54 during trading hours on Tuesday, hitting $292.33. 355,901 shares of the company were exchanged, compared to its average volume of 407,762. MarketAxess Holdings Inc. has a 52 week low of $192.42 and a 52 week high of $297.97. The firm's 50 day moving average is $262.10 and its 200-day moving average is $228.69. The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.91 and a current ratio of 2.91. The company has a market cap of $11.08 billion, a PE ratio of 42.93, a PEG ratio of 6.42 and a beta of 1.08.
MarketAxess (NASDAQ:MKTX - Get Free Report) last issued its quarterly earnings data on Tuesday, August 6th. The financial services provider reported $1.72 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.68 by $0.04. MarketAxess had a return on equity of 20.43% and a net margin of 33.71%. The company had revenue of $197.70 million during the quarter, compared to analysts' expectations of $198.07 million. During the same period last year, the business earned $1.63 earnings per share. The business's revenue was up 9.9% on a year-over-year basis. On average, equities research analysts forecast that MarketAxess Holdings Inc. will post 7.26 EPS for the current fiscal year.
MarketAxess announced that its Board of Directors has initiated a stock buyback program on Tuesday, August 6th that authorizes the company to buyback $250.00 million in shares. This buyback authorization authorizes the financial services provider to buy up to 2.8% of its stock through open market purchases. Stock buyback programs are generally an indication that the company's leadership believes its stock is undervalued.
MarketAxess Company Profile
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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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