MarketAxess Holdings Inc. $MKTX Shares Bought by Ethic Inc.

Ethic Inc. raised its position in MarketAxess Holdings Inc. (NASDAQ:MKTX) by 190.6% during the second quarter, HoldingsChannel.com reports. The firm owned 3,104 shares of the financial services provider’s stock after buying an additional 2,036 shares during the quarter. Ethic Inc.’s holdings in MarketAxess were worth $682,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of MKTX. T. Rowe Price Investment Management Inc. lifted its position in MarketAxess by 1.1% during the first quarter. T. Rowe Price Investment Management Inc. now owns 2,323,015 shares of the financial services provider’s stock valued at $502,585,000 after buying an additional 24,606 shares in the last quarter. Findlay Park Partners LLP increased its holdings in MarketAxess by 1.4% in the 1st quarter. Findlay Park Partners LLP now owns 680,000 shares of the financial services provider’s stock valued at $147,118,000 after purchasing an additional 9,100 shares in the last quarter. Millennium Management LLC raised its position in MarketAxess by 329.4% in the first quarter. Millennium Management LLC now owns 618,922 shares of the financial services provider’s stock valued at $133,904,000 after purchasing an additional 474,776 shares during the period. Burgundy Asset Management Ltd. lifted its stake in shares of MarketAxess by 64.8% during the first quarter. Burgundy Asset Management Ltd. now owns 402,511 shares of the financial services provider’s stock worth $87,083,000 after purchasing an additional 158,240 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its position in shares of MarketAxess by 2.5% in the first quarter. Charles Schwab Investment Management Inc. now owns 372,468 shares of the financial services provider’s stock worth $80,583,000 after buying an additional 9,244 shares during the period. Institutional investors and hedge funds own 99.01% of the company’s stock.

Insider Buying and Selling

In other MarketAxess news, Director Stephen P. Casper sold 1,600 shares of MarketAxess stock in a transaction dated Monday, September 8th. The stock was sold at an average price of $186.59, for a total transaction of $298,544.00. Following the transaction, the director owned 43,208 shares of the company’s stock, valued at $8,062,180.72. The trade was a 3.57% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CRO Kevin M. Mcpherson sold 1,494 shares of MarketAxess stock in a transaction on Friday, September 12th. The shares were sold at an average price of $185.32, for a total transaction of $276,868.08. Following 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 disclosure for this sale can be found here. Company insiders own 2.66% of the company’s stock.

MarketAxess Trading Down 1.8%

Shares of MarketAxess stock opened at $167.55 on Tuesday. The stock has a market capitalization of $6.26 billion, a price-to-earnings ratio of 28.21, a PEG ratio of 6.91 and a beta of 0.89. MarketAxess Holdings Inc. has a twelve month low of $161.61 and a twelve month high of $296.68. The business’s 50 day simple moving average is $178.74 and its 200-day simple moving average is $202.79.

MarketAxess (NASDAQ:MKTX) last issued its quarterly earnings data 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. The business had revenue of $219.46 million during the quarter, compared to analyst estimates of $218.05 million. MarketAxess had a return on equity of 20.41% and a net margin of 26.62%.The business’s revenue for the quarter was up 11.0% compared to the same quarter last year. During the same period in the prior year, the company posted $1.72 EPS. Sell-side analysts predict that MarketAxess Holdings Inc. will post 7.79 earnings per share for the current year.

Analysts Set New Price Targets

Several equities research analysts recently commented on the company. Argus upgraded MarketAxess from a “hold” rating to a “buy” rating and set a $212.00 target price on the stock in a report on Monday, August 25th. UBS Group dropped their price target on shares of MarketAxess from $255.00 to $240.00 and set a “buy” rating on the stock in a research note on Tuesday, October 7th. Loop Capital set a $164.00 target price on MarketAxess in a research note on Tuesday, October 14th. Zacks Research lowered MarketAxess from a “hold” rating to a “strong sell” rating in a research report on Monday, October 20th. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of MarketAxess in a report on Wednesday, October 8th. Five equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $216.58.

MarketAxess 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.