1,951 Shares in MarketAxess Holdings Inc. (NASDAQ:MKTX) Bought by Amica Mutual Insurance Co.

Amica Mutual Insurance Co. purchased a new stake in MarketAxess Holdings Inc. (NASDAQ:MKTX) during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 1,951 shares of the financial services provider’s stock, valued at approximately $571,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in MKTX. Van ECK Associates Corp grew its holdings in MarketAxess by 8.0% in the 4th quarter. Van ECK Associates Corp now owns 1,367,613 shares of the financial services provider’s stock valued at $400,506,000 after buying an additional 101,829 shares during the last quarter. Alliance Wealth Advisors LLC UT boosted its position in shares of MarketAxess by 2.2% in the fourth quarter. Alliance Wealth Advisors LLC UT now owns 2,198 shares of the financial services provider’s stock valued at $644,000 after acquiring an additional 48 shares during the period. Russell Investments Group Ltd. grew its stake in shares of MarketAxess by 81.7% in the fourth quarter. Russell Investments Group Ltd. now owns 56,878 shares of the financial services provider’s stock worth $16,672,000 after acquiring an additional 25,572 shares during the last quarter. Truist Financial Corp increased its position in MarketAxess by 4.4% during the fourth quarter. Truist Financial Corp now owns 10,293 shares of the financial services provider’s stock worth $3,014,000 after acquiring an additional 438 shares during the period. Finally, GAMMA Investing LLC acquired a new position in MarketAxess during the 4th quarter valued at $74,000. 99.01% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts have recently issued reports on MKTX shares. Barclays dropped their price objective on shares of MarketAxess from $239.00 to $236.00 and set an “equal weight” rating on the stock in a report on Monday, April 8th. William Blair restated an “outperform” rating on shares of MarketAxess in a research report on Tuesday, January 23rd. The Goldman Sachs Group decreased their price target on shares of MarketAxess from $263.00 to $225.00 and set a “neutral” rating on the stock in a research note on Thursday, February 1st. Morgan Stanley increased their price target on shares of MarketAxess from $278.00 to $279.00 and gave the stock an “equal weight” rating in a research report on Tuesday, April 9th. Finally, Bank of America began coverage on MarketAxess in a report on Wednesday, April 10th. They set an “underperform” rating and a $199.00 price objective for the company. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $252.80.

MarketAxess Stock Performance

MKTX stock traded up $2.31 during mid-day trading on Monday, hitting $204.10. 510,561 shares of the company were exchanged, compared to its average volume of 418,002. The firm has a market cap of $7.67 billion, a P/E ratio of 29.80, a P/E/G ratio of 4.22 and a beta of 0.98. MarketAxess Holdings Inc. has a 1-year low of $199.34 and a 1-year high of $322.25. The firm’s 50 day simple moving average is $214.73 and its 200 day simple moving average is $236.64.

MarketAxess (NASDAQ:MKTX) last posted its quarterly earnings data on Wednesday, January 31st. The financial services provider reported $1.84 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.73 by $0.11. MarketAxess had a return on equity of 21.76% and a net margin of 34.29%. The business had revenue of $197.20 million during the quarter, compared to the consensus estimate of $196.70 million. During the same period last year, the company earned $1.58 earnings per share. MarketAxess’s quarterly revenue was up 10.8% on a year-over-year basis. On average, equities research analysts predict that MarketAxess Holdings Inc. will post 7.28 EPS for the current fiscal year.

Insider Buying and Selling

In other MarketAxess news, CRO Kevin M. Mcpherson sold 2,000 shares of the business’s stock in a transaction dated Friday, February 16th. The shares were sold at an average price of $221.26, for a total transaction of $442,520.00. Following the sale, the executive now directly owns 70,092 shares of the company’s stock, valued at approximately $15,508,555.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 2.00% of the stock is currently owned by corporate insiders.

MarketAxess Company Profile

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.