Headlands Technologies LLC Takes $1.20 Million Position in MarketAxess Holdings Inc. $MKTX

Headlands Technologies LLC acquired a new position in shares of MarketAxess Holdings Inc. (NASDAQ:MKTXFree Report) during the 2nd quarter, HoldingsChannel.com reports. The fund acquired 10,603 shares of the financial services provider’s stock, valued at approximately $1,203,000.

Several other hedge funds have also modified their holdings of the stock. MUFG Securities EMEA plc acquired a new position in MarketAxess during the second quarter worth approximately $25,000. Geneos Wealth Management Inc. boosted 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 purchasing an additional 80 shares during the last quarter. Versant Capital Management Inc boosted its holdings in shares of MarketAxess by 215.3% in the 2nd quarter. Versant Capital Management Inc now owns 391 shares of the financial services provider’s stock valued at $44,000 after purchasing an additional 267 shares during the last quarter. State of Wyoming acquired a new position in shares of MarketAxess in the 2nd quarter valued at $49,000. Finally, Pacer Advisors Inc. grew its stake in shares of MarketAxess by 300.0% during the 4th quarter. Pacer Advisors Inc. now owns 280 shares of the financial services provider’s stock valued at $51,000 after buying an additional 210 shares during the period. 99.01% of the stock is owned by institutional investors and hedge funds.

MarketAxess Price Performance

MarketAxess stock opened at $162.63 on Tuesday. The firm has a fifty day moving average of $137.05 and a 200-day moving average of $150.58. MarketAxess Holdings Inc. has a 52-week low of $108.75 and a 52-week high of $195.96. The company has a quick ratio of 1.85, a current ratio of 1.85 and a debt-to-equity ratio of 0.09. The firm has a market capitalization of $5.72 billion, a P/E ratio of 19.18, a PEG ratio of 2.07 and a beta of 0.83.

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

MarketAxess Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 2nd. Shareholders of record on Wednesday, August 19th will be given a $0.78 dividend. The ex-dividend date of this dividend is Wednesday, August 19th. This represents a $3.12 annualized dividend and a yield of 1.9%. MarketAxess’s dividend payout ratio (DPR) is 36.79%.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the company. Bank of America upgraded MarketAxess from an “underperform” rating to a “neutral” rating and set a $170.00 price objective for the company in a report on Friday, June 12th. The Goldman Sachs Group lowered their price target on MarketAxess from $168.00 to $130.00 and set a “neutral” rating for the company in a research report on Tuesday, June 30th. Rothschild & Co Redburn restated a “neutral” rating and set a $134.00 price target (down from $189.00) on shares of MarketAxess in a research note on Thursday, June 11th. UBS Group downgraded MarketAxess from a “buy” rating to a “neutral” rating and cut their price objective for the stock from $200.00 to $167.00 in a report on Friday, July 31st. Finally, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of MarketAxess in a research note on Monday, August 3rd. One equities research analyst has rated the stock with a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $156.10.

View Our Latest Analysis on MKTX

MarketAxess Company 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 TradingĀ®, 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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