Paralel Advisors LLC bought a new stake in shares of MarketAxess Holdings Inc. (NASDAQ:MKTX – Free Report) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 14,039 shares of the financial services provider’s stock, valued at approximately $1,593,000.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Ancora Advisors LLC raised its position in shares of MarketAxess by 1.9% during the 3rd quarter. Ancora Advisors LLC now owns 3,522 shares of the financial services provider’s stock valued at $614,000 after buying an additional 67 shares in the last quarter. Orion Porfolio Solutions LLC grew its position in MarketAxess by 1.7% in the second quarter. Orion Porfolio Solutions LLC now owns 4,203 shares of the financial services provider’s stock worth $939,000 after acquiring an additional 69 shares in the last quarter. Krilogy Financial LLC lifted its stake in MarketAxess by 1.0% during the first quarter. Krilogy Financial LLC now owns 7,884 shares of the financial services provider’s stock worth $1,368,000 after purchasing an additional 77 shares during the last quarter. Geneos Wealth Management Inc. lifted its stake in MarketAxess by 200.0% during the first quarter. Geneos Wealth Management Inc. now owns 120 shares of the financial services provider’s stock worth $26,000 after purchasing an additional 80 shares during the last quarter. Finally, Maryland State Retirement & Pension System boosted its holdings in shares of MarketAxess by 1.1% in the 4th quarter. Maryland State Retirement & Pension System now owns 7,181 shares of the financial services provider’s stock worth $1,302,000 after purchasing an additional 81 shares in the last quarter. Hedge funds and other institutional investors own 99.01% of the company’s stock.
Wall Street Analysts Forecast Growth
A number of equities analysts recently weighed in on MKTX shares. The Goldman Sachs Group decreased their price objective on MarketAxess from $168.00 to $130.00 and set a “neutral” rating on the stock in a report on Tuesday, June 30th. Benchmark reissued a “buy” rating on shares of MarketAxess in a research note on Wednesday, July 8th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of MarketAxess in a report on Monday, August 3rd. UBS Group downgraded shares of MarketAxess from a “buy” rating to a “neutral” rating and lowered their price target for the stock from $200.00 to $167.00 in a research note on Friday, July 31st. Finally, William Blair lowered shares of MarketAxess from an “outperform” rating to a “market perform” rating in a research report on Thursday, July 30th. One research analyst has rated the stock with a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, MarketAxess presently has a consensus rating of “Hold” and a consensus price target of $156.10.
MarketAxess Price Performance
MKTX stock opened at $163.38 on Monday. The stock has a market capitalization of $5.75 billion, a price-to-earnings ratio of 19.27, a PEG ratio of 2.08 and a beta of 0.83. The firm’s 50-day moving average price is $141.03 and its two-hundred day moving average price is $150.14. The company has a current ratio of 1.85, a quick ratio of 1.85 and a debt-to-equity ratio of 0.09. MarketAxess Holdings Inc. has a 12-month low of $108.75 and a 12-month high of $195.96.
MarketAxess (NASDAQ:MKTX – Get Free Report) last posted its earnings results on Thursday, July 30th. The financial services provider reported $1.95 earnings per share for the quarter, topping analysts’ consensus estimates of $1.85 by $0.10. MarketAxess had a net margin of 35.22% and a return on equity of 22.48%. The company had revenue of $218.41 million during the quarter, compared to analyst estimates of $216.70 million. During the same period in the prior year, the business posted $2.00 earnings per share. MarketAxess’s revenue for the quarter was down .5% on a year-over-year basis. As a group, equities analysts predict that MarketAxess Holdings Inc. will post 8.06 earnings per share for the current year.
MarketAxess Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 2nd. Shareholders of record on Wednesday, August 19th were issued a $0.78 dividend. The ex-dividend date was 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%.
MarketAxess Company Profile
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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