Impact Partnership Wealth LLC Purchases Shares of 1,409 MarketAxess Holdings Inc. $MKTX

Impact Partnership Wealth LLC acquired a new stake in MarketAxess Holdings Inc. (NASDAQ:MKTX) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 1,409 shares of the financial services provider’s stock, valued at approximately $315,000.

Other hedge funds also recently modified their holdings of the company. Geneos Wealth Management Inc. grew its holdings in shares of MarketAxess by 200.0% in the 1st quarter. Geneos Wealth Management Inc. now owns 120 shares of the financial services provider’s stock valued at $26,000 after acquiring an additional 80 shares in the last quarter. Harbor Investment Advisory LLC acquired a new stake in shares of MarketAxess in the 2nd quarter valued at approximately $37,000. MassMutual Private Wealth & Trust FSB boosted its holdings in shares of MarketAxess by 51.2% in the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 248 shares of the financial services provider’s stock valued at $55,000 after buying an additional 84 shares during the last quarter. Signaturefd LLC boosted its holdings in shares of MarketAxess by 173.0% in the 1st quarter. Signaturefd LLC now owns 333 shares of the financial services provider’s stock valued at $72,000 after buying an additional 211 shares during the last quarter. Finally, Quarry LP boosted its holdings in shares of MarketAxess by 96.7% in the 1st quarter. Quarry LP now owns 356 shares of the financial services provider’s stock valued at $77,000 after buying an additional 175 shares during the last quarter. Institutional investors own 99.01% of the company’s stock.

MarketAxess Stock Up 0.7%

Shares of NASDAQ:MKTX opened at $159.98 on Friday. MarketAxess Holdings Inc. has a 12-month low of $158.28 and a 12-month high of $292.86. The stock has a market cap of $5.98 billion, a PE ratio of 26.93, a P/E/G ratio of 6.44 and a beta of 0.89. The business has a 50 day moving average of $177.12 and a 200-day moving average of $201.73.

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. MarketAxess had a return on equity of 20.41% and a net margin of 26.62%.The company had revenue of $219.46 million during the quarter, compared to analysts’ expectations of $218.05 million. During the same quarter in the previous year, the company posted $1.72 earnings per share. The business’s revenue was up 11.0% on a year-over-year basis. Equities research analysts expect that MarketAxess Holdings Inc. will post 7.79 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the company. Weiss Ratings reissued a “hold (c-)” rating on shares of MarketAxess in a report on Wednesday, October 8th. Morgan Stanley lowered their price target on MarketAxess from $274.00 to $253.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 1st. Loop Capital set a $164.00 price target on MarketAxess in a research report on Tuesday, October 14th. Barclays lowered their price target on MarketAxess from $200.00 to $186.00 and set an “equal weight” rating on the stock in a research report on Wednesday, October 8th. Finally, Jefferies Financial Group lowered their price target on MarketAxess from $217.00 to $208.00 and set a “hold” rating on the stock in a research report on Monday, August 11th. Five research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $216.58.

Insider Buying and Selling at MarketAxess

In other MarketAxess news, CRO Kevin M. Mcpherson sold 1,494 shares of the 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 transaction, the executive owned 67,681 shares in the company, valued at $12,542,642.92. This trade represents a 2.16% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Stephen P. Casper sold 1,600 shares of the stock in a transaction on Monday, September 8th. The stock was sold at an average price of $186.59, for a total value of $298,544.00. Following the transaction, the director owned 43,208 shares in the company, valued at $8,062,180.72. The trade was a 3.57% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.65% of the stock is owned by company 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.