Campbell & CO Investment Adviser LLC purchased a new stake in shares of MarketAxess Holdings Inc. (NASDAQ:MKTX) during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 737 shares of the financial services provider’s stock, valued at approximately $355,000.
A number of other institutional investors have also modified their holdings of MKTX. Norway Savings Bank bought a new position in shares of MarketAxess during the 3rd quarter worth approximately $60,000. IFP Advisors Inc boosted its stake in MarketAxess by 51.1% during the second quarter. IFP Advisors Inc now owns 139 shares of the financial services provider’s stock worth $69,000 after acquiring an additional 47 shares in the last quarter. Emerald Mutual Fund Advisers Trust bought a new stake in MarketAxess in the second quarter valued at $79,000. Signaturefd LLC increased its stake in MarketAxess by 22.6% in the second quarter. Signaturefd LLC now owns 168 shares of the financial services provider’s stock valued at $84,000 after purchasing an additional 31 shares in the last quarter. Finally, U S Global Investors Inc. acquired a new position in shares of MarketAxess during the second quarter valued at about $100,000. Hedge funds and other institutional investors own 91.72% of the company’s stock.
In other MarketAxess news, Director Stephen P. Casper sold 500 shares of the stock in a transaction on Thursday, August 27th. The stock was sold at an average price of $500.00, for a total transaction of $250,000.00. Following the sale, the director now owns 11,350 shares in the company, valued at $5,675,000. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Richard M. Mcvey sold 25,000 shares of the firm’s stock in a transaction on Monday, August 10th. The stock was sold at an average price of $487.62, for a total value of $12,190,500.00. In the last three months, insiders sold 64,017 shares of company stock valued at $29,924,704. 3.05% of the stock is currently owned by insiders.
Shares of NASDAQ:MKTX opened at $538.07 on Friday. MarketAxess Holdings Inc. has a 1 year low of $275.49 and a 1 year high of $561.68. The business has a fifty day moving average price of $477.57 and a two-hundred day moving average price of $479.80. The company has a market capitalization of $20.43 billion, a PE ratio of 77.98 and a beta of 0.52.
MarketAxess (NASDAQ:MKTX) last posted its quarterly earnings results on Wednesday, July 22nd. The financial services provider reported $2.20 EPS for the quarter, topping analysts’ consensus estimates of $2.12 by $0.08. The company had revenue of $184.80 million for the quarter, compared to analysts’ expectations of $185.16 million. MarketAxess had a net margin of 42.74% and a return on equity of 33.75%. During the same quarter in the previous year, the firm posted $1.27 EPS. On average, sell-side analysts forecast that MarketAxess Holdings Inc. will post 7.57 EPS for the current year.
MKTX has been the subject of several recent research reports. Credit Suisse Group boosted their price objective on MarketAxess from $489.00 to $492.00 and gave the company a “neutral” rating in a report on Thursday, September 10th. Raymond James restated a “buy” rating on shares of MarketAxess in a report on Monday, October 5th. BidaskClub raised shares of MarketAxess from a “hold” rating to a “buy” rating in a research report on Friday. Piper Sandler upped their target price on shares of MarketAxess from $520.00 to $535.00 and gave the stock a “neutral” rating in a report on Thursday, July 23rd. Finally, Deutsche Bank Aktiengesellschaft lifted their price target on MarketAxess from $535.00 to $555.00 and gave the company a “hold” rating in a research note on Thursday, July 9th. Seven analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. MarketAxess has an average rating of “Hold” and an average target price of $446.88.
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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