MarketAxess Holdings Inc. $MKTX Shares Purchased by Readystate Asset Management LP

Readystate Asset Management LP boosted its holdings in MarketAxess Holdings Inc. (NASDAQ:MKTXFree Report) by 35.5% during the second quarter, HoldingsChannel.com reports. The fund owned 33,794 shares of the financial services provider’s stock after acquiring an additional 8,859 shares during the period. Readystate Asset Management LP’s holdings in MarketAxess were worth $3,835,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the stock. BlackRock Inc. acquired a new position in MarketAxess in the second quarter valued at approximately $453,941,000. Primecap Management Co. CA acquired a new stake in shares of MarketAxess during the 2nd quarter worth approximately $397,772,000. AQR Capital Management LLC lifted its holdings in shares of MarketAxess by 169.0% in the 4th quarter. AQR Capital Management LLC now owns 2,558,097 shares of the financial services provider’s stock worth $463,655,000 after purchasing an additional 1,607,009 shares during the last quarter. North Reef Capital Management LP lifted its holdings in shares of MarketAxess by 16.5% in the 1st quarter. North Reef Capital Management LP now owns 1,875,000 shares of the financial services provider’s stock worth $309,338,000 after purchasing an additional 265,670 shares during the last quarter. Finally, State Street Corp boosted its position in MarketAxess by 4.6% during the 2nd quarter. State Street Corp now owns 1,532,696 shares of the financial services provider’s stock valued at $342,312,000 after purchasing an additional 67,290 shares during the period. 99.01% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on MKTX. Piper Sandler lowered their price objective on MarketAxess from $175.00 to $128.00 and set a “neutral” rating for the company in a research note on Wednesday, July 15th. Morgan Stanley cut their target price on MarketAxess from $195.00 to $129.00 and set an “equal weight” rating on the stock in a research note on Friday, July 10th. Benchmark reissued a “buy” rating on shares of MarketAxess in a report on Wednesday, July 8th. Weiss Ratings restated a “sell (d+)” rating on shares of MarketAxess in a research report on Monday, August 3rd. Finally, Bank of America raised shares of MarketAxess from an “underperform” rating to a “neutral” rating and set a $170.00 price objective on the stock in a report on Friday, June 12th. One analyst has rated the stock with a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $156.10.

Read Our Latest Research Report on MKTX

MarketAxess Price Performance

MKTX opened at $163.38 on Monday. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.85 and a current ratio of 1.85. The company has a market capitalization of $5.75 billion, a PE ratio of 19.27, a P/E/G ratio of 2.08 and a beta of 0.83. The stock’s fifty day moving average is $141.03 and its 200-day moving average is $150.14. MarketAxess Holdings Inc. has a one year low of $108.75 and a one year high of $195.96.

MarketAxess (NASDAQ:MKTXGet Free Report) last announced its quarterly earnings data on Thursday, July 30th. The financial services provider reported $1.95 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.85 by $0.10. The company had revenue of $218.41 million for the quarter, compared to analysts’ expectations of $216.70 million. MarketAxess had a net margin of 35.22% and a return on equity of 22.48%. The business’s revenue was down .5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.00 EPS. On average, equities analysts predict that MarketAxess Holdings Inc. will post 8.06 EPS for the current fiscal year.

MarketAxess Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 2nd. Stockholders of record on Wednesday, August 19th were issued a dividend of $0.78 per share. This represents a $3.12 annualized dividend and a dividend yield of 1.9%. The ex-dividend date of this dividend was Wednesday, August 19th. MarketAxess’s dividend payout ratio is currently 36.79%.

MarketAxess Profile

(Free Report)

MarketAxess Holdings Inc operates a leading global electronic trading platform specializing in fixed-income securities and related products. The company’s network enables institutional investors and broker-dealers to trade corporate bonds, municipal securities, emerging markets debt, U.S. Treasuries and credit default swaps in an automated, multi-dealer environment. MarketAxess also offers portfolio trading, data analytics, best-execution tools and post-trade services to streamline workflows and enhance price discovery across its marketplace.

In addition to core voice-like trading protocols, MarketAxess provides Open Trading®, an anonymous, all-to-all trading protocol designed to improve liquidity and transaction efficiency.

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Institutional Ownership by Quarter for MarketAxess (NASDAQ:MKTX)

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