Vanguard Personalized Indexing Management LLC Acquires 797 Shares of MarketAxess Holdings Inc. $MKTX

Vanguard Personalized Indexing Management LLC boosted its holdings in shares of MarketAxess Holdings Inc. (NASDAQ:MKTX) by 21.8% in the 2nd quarter, Holdings Channel.com reports. The firm owned 4,447 shares of the financial services provider’s stock after purchasing an additional 797 shares during the quarter. Vanguard Personalized Indexing Management LLC’s holdings in MarketAxess were worth $993,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. Clear Creek Financial Management LLC bought a new stake in MarketAxess during the 1st quarter valued at approximately $280,000. Praxis Investment Management Inc. bought a new stake in MarketAxess during the 1st quarter valued at approximately $376,000. Wilson Asset Management International PTY Ltd. boosted its stake in MarketAxess by 26.6% during the 1st quarter. Wilson Asset Management International PTY Ltd. now owns 60,492 shares of the financial services provider’s stock valued at $13,087,000 after purchasing an additional 12,697 shares during the period. Victory Capital Management Inc. raised its holdings in MarketAxess by 210.8% in the 1st quarter. Victory Capital Management Inc. now owns 17,400 shares of the financial services provider’s stock valued at $3,764,000 after acquiring an additional 11,801 shares in the last quarter. Finally, Jacobs Levy Equity Management Inc. bought a new stake in shares of MarketAxess in the 1st quarter worth approximately $543,000. Institutional investors own 99.01% of the company’s stock.

Insiders Place Their Bets

In related news, CRO Kevin M. Mcpherson sold 1,494 shares of the firm’s stock in a transaction on Friday, September 12th. The stock was sold at an average price of $185.32, for a total transaction of $276,868.08. Following the completion of the sale, the executive directly owned 67,681 shares of the company’s stock, valued at $12,542,642.92. This trade represents a 2.16% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Stephen P. Casper sold 1,600 shares of the firm’s stock in a transaction on Monday, September 8th. The shares were sold at an average price of $186.59, for a total value of $298,544.00. Following the sale, the director directly owned 43,208 shares of the company’s stock, valued at $8,062,180.72. This represents a 3.57% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 2.66% of the company’s stock.

Wall Street Analyst Weigh In

MKTX has been the subject of a number of research reports. Wall Street Zen upgraded MarketAxess from a “sell” rating to a “hold” rating in a research report on Saturday, August 9th. Barclays reduced their price objective on MarketAxess from $200.00 to $186.00 and set an “equal weight” rating for the company in a research report on Wednesday, October 8th. Argus upgraded MarketAxess from a “hold” rating to a “buy” rating and set a $212.00 price objective for the company in a research report on Monday, August 25th. Piper Sandler set a $180.00 price objective on MarketAxess in a research report on Tuesday, October 14th. Finally, Morgan Stanley reduced their price objective on MarketAxess from $274.00 to $253.00 and set an “overweight” rating for the company in a research report on Wednesday, October 1st. Five equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $216.58.

MarketAxess Trading Up 0.1%

Shares of MKTX opened at $171.26 on Monday. MarketAxess Holdings Inc. has a 1 year low of $161.61 and a 1 year high of $296.68. The stock has a 50 day simple moving average of $180.84 and a 200-day simple moving average of $204.29. The stock has a market cap of $6.40 billion, a PE ratio of 28.83, a PEG ratio of 6.91 and a beta of 0.89.

MarketAxess (NASDAQ:MKTX) last issued its earnings results on Wednesday, August 6th. The financial services provider reported $2.00 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.94 by $0.06. MarketAxess had a return on equity of 20.41% and a net margin of 26.62%.The business had revenue of $219.46 million during the quarter, compared to analysts’ expectations of $218.05 million. During the same period in the prior year, the firm posted $1.72 EPS. MarketAxess’s quarterly revenue was up 11.0% compared to the same quarter last year. On average, sell-side analysts forecast that MarketAxess Holdings Inc. will post 7.79 EPS for the current fiscal year.

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.