MarketAxess Holdings Inc. $MKTX Shares Bought by Fox Run Management L.L.C.

Fox Run Management L.L.C. lifted its stake in shares of MarketAxess Holdings Inc. (NASDAQ:MKTX) by 358.3% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,018 shares of the financial services provider’s stock after buying an additional 3,923 shares during the quarter. Fox Run Management L.L.C.’s holdings in MarketAxess were worth $1,121,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in MKTX. M&T Bank Corp grew its holdings in MarketAxess by 20.7% during the 1st quarter. M&T Bank Corp now owns 1,756 shares of the financial services provider’s stock worth $380,000 after acquiring an additional 301 shares in the last quarter. Nisa Investment Advisors LLC lifted its position in shares of MarketAxess by 18.9% during the first quarter. Nisa Investment Advisors LLC now owns 4,645 shares of the financial services provider’s stock worth $1,005,000 after purchasing an additional 738 shares during the last quarter. Cerity Partners LLC lifted its position in shares of MarketAxess by 11.1% during the first quarter. Cerity Partners LLC now owns 8,830 shares of the financial services provider’s stock worth $1,910,000 after purchasing an additional 882 shares during the last quarter. CWM LLC grew its stake in MarketAxess by 35.9% in the first quarter. CWM LLC now owns 4,320 shares of the financial services provider’s stock worth $935,000 after purchasing an additional 1,141 shares in the last quarter. Finally, Edgestream Partners L.P. bought a new stake in MarketAxess in the first quarter valued at about $3,171,000. 99.01% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other MarketAxess news, Director Stephen P. Casper sold 1,600 shares of the firm’s stock in a transaction dated Monday, September 8th. The shares were 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 approximately $8,062,180.72. This trade represents a 3.57% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CRO Kevin M. Mcpherson sold 1,494 shares of the business’s stock in a transaction dated Friday, September 12th. The stock was sold at an average price of $185.32, for a total transaction of $276,868.08. Following the sale, the executive owned 67,681 shares in the company, valued at $12,542,642.92. This trade represents a 2.16% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 0.65% of the stock is currently owned by company insiders.

MarketAxess Trading Up 0.9%

Shares of NASDAQ:MKTX opened at $167.27 on Friday. The firm’s 50 day moving average is $174.16 and its two-hundred day moving average is $199.02. MarketAxess Holdings Inc. has a 52 week low of $156.17 and a 52 week high of $277.84. The firm has a market capitalization of $6.25 billion, a P/E ratio of 28.16, a PEG ratio of 6.44 and a beta of 0.94.

MarketAxess (NASDAQ:MKTX) last issued its quarterly earnings data on Friday, November 7th. The financial services provider reported $1.84 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.69 by $0.15. MarketAxess had a return on equity of 20.41% and a net margin of 26.62%.The business had revenue of $208.82 million during the quarter, compared to the consensus estimate of $212.59 million. During the same period in the previous year, the firm posted $1.90 earnings per share. The business’s revenue was up 1.0% on a year-over-year basis. Analysts predict that MarketAxess Holdings Inc. will post 7.79 EPS for the current year.

MarketAxess Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 3rd. Stockholders of record on Wednesday, November 19th will be paid a $0.76 dividend. The ex-dividend date of this dividend is Wednesday, November 19th. This represents a $3.04 annualized dividend and a dividend yield of 1.8%. MarketAxess’s dividend payout ratio is presently 51.18%.

Wall Street Analysts Forecast Growth

MKTX has been the topic of a number of research analyst reports. Barclays reduced their target price on MarketAxess from $200.00 to $186.00 and set an “equal weight” rating on the stock in a report on Wednesday, October 8th. Piper Sandler set a $180.00 price objective on MarketAxess in a research note on Tuesday, October 14th. Loop Capital set a $164.00 price objective on shares of MarketAxess in a report on Tuesday, October 14th. Wall Street Zen upgraded shares of MarketAxess from a “sell” rating to a “hold” rating in a research note on Saturday, August 9th. Finally, UBS Group dropped their target price on shares of MarketAxess from $255.00 to $240.00 and set a “buy” rating on the stock in a report on Tuesday, October 7th. Five analysts have rated the stock with a Buy rating, seven have given a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target 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.