First Citizens Bank & Trust Co. lowered its holdings in MarketAxess Holdings Inc. (NASDAQ:MKTX) by 20.2% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,757 shares of the financial services provider’s stock after selling 446 shares during the period. First Citizens Bank & Trust Co.’s holdings in MarketAxess were worth $354,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also bought and sold shares of MKTX. GQG Partners LLC bought a new stake in MarketAxess in the 2nd quarter valued at about $127,000. Sciencast Management LP boosted its holdings in MarketAxess by 14.4% in the 2nd quarter. Sciencast Management LP now owns 1,226 shares of the financial services provider’s stock valued at $247,000 after purchasing an additional 154 shares during the period. First Republic Investment Management Inc. lifted its holdings in shares of MarketAxess by 30.8% during the 3rd 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 period. D.A. Davidson & CO. lifted its holdings in shares of MarketAxess by 0.5% during the 2nd quarter. D.A. Davidson & CO. now owns 1,380 shares of the financial services provider’s stock worth $277,000 after acquiring an additional 7 shares during the period. Finally, Advisor Group Inc. lifted its holdings in shares of MarketAxess by 38.2% during the 2nd quarter. Advisor Group Inc. now owns 1,469 shares of the financial services provider’s stock worth $295,000 after acquiring an additional 406 shares during the period. 91.65% of the stock is owned by hedge funds and other institutional investors.
A number of analysts have recently weighed in on MKTX shares. Keefe, Bruyette & Woods reaffirmed a “buy” rating and set a $215.00 price target on shares of MarketAxess in a report on Friday, December 22nd. Zacks Investment Research raised shares of MarketAxess from a “sell” rating to a “hold” rating in a report on Friday, December 1st. Goldman Sachs Group downgraded shares of MarketAxess from a “buy” rating to a “neutral” rating and set a $210.00 price target for the company. in a report on Monday, January 8th. Finally, Rosenblatt Securities started coverage on shares of MarketAxess in a report on Thursday, December 14th. They set a “neutral” rating and a $190.00 price target for the company. Five research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the stock. MarketAxess currently has a consensus rating of “Buy” and a consensus price target of $202.86.
In related news, insider Nicholas Themelis sold 4,000 shares of the company’s stock in a transaction that occurred on Thursday, November 2nd. The shares were sold at an average price of $176.40, for a total transaction of $705,600.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Stephen P. Casper sold 2,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 29th. The stock was sold at an average price of $195.84, for a total transaction of $391,680.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 50,225 shares of company stock valued at $8,955,630. 4.02% of the stock is owned by corporate insiders.
Shares of MarketAxess Holdings Inc. (NASDAQ MKTX) opened at $203.72 on Friday. MarketAxess Holdings Inc. has a twelve month low of $153.95 and a twelve month high of $211.06. The firm has a market cap of $7,564.44, a P/E ratio of 51.81 and a beta of 0.70.
MarketAxess (NASDAQ:MKTX) last issued its quarterly earnings results on Wednesday, October 25th. The financial services provider reported $0.90 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.90. MarketAxess had a net margin of 37.67% and a return on equity of 30.12%. The company had revenue of $96.70 million during the quarter, compared to the consensus estimate of $96.35 million. During the same quarter in the prior year, the firm posted $0.82 EPS. The firm’s quarterly revenue was up 7.1% on a year-over-year basis. equities analysts predict that MarketAxess Holdings Inc. will post 3.93 earnings per share for the current year.
MarketAxess declared that its board has initiated a share buyback program on Wednesday, October 25th that authorizes the company to buyback $100.00 million in shares. This buyback authorization authorizes the financial services provider to repurchase shares of its stock through open market purchases. Stock buyback programs are often an indication that the company’s board of directors believes its shares are undervalued.
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.
Want to see what other hedge funds are holding MKTX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for MarketAxess Holdings Inc. (NASDAQ:MKTX).
Receive News & Ratings for MarketAxess Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for MarketAxess and related companies with MarketBeat.com's FREE daily email newsletter.