HMS Capital Management LLC lessened its stake in shares of MarketAxess Holdings Inc. (NASDAQ:MKTX) by 6.6% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,169 shares of the financial services provider’s stock after selling 83 shares during the quarter. HMS Capital Management LLC’s holdings in MarketAxess were worth $582,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds also recently modified their holdings of the business. Toronto Dominion Bank raised its holdings in shares of MarketAxess by 18.3% during the 4th quarter. Toronto Dominion Bank now owns 25,006 shares of the financial services provider’s stock valued at $14,264,000 after buying an additional 3,865 shares during the period. Huntington National Bank boosted its stake in shares of MarketAxess by 38.8% in the fourth quarter. Huntington National Bank now owns 111 shares of the financial services provider’s stock valued at $64,000 after purchasing an additional 31 shares during the period. Forte Capital LLC ADV boosted its stake in shares of MarketAxess by 1.6% in the fourth quarter. Forte Capital LLC ADV now owns 40,573 shares of the financial services provider’s stock valued at $23,150,000 after purchasing an additional 633 shares during the period. Sumitomo Mitsui Trust Holdings Inc. grew its holdings in MarketAxess by 21.0% during the 4th quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 173,207 shares of the financial services provider’s stock valued at $98,825,000 after purchasing an additional 30,008 shares in the last quarter. Finally, Hyperion Asset Management Ltd increased its stake in MarketAxess by 2.2% during the 4th quarter. Hyperion Asset Management Ltd now owns 35,448 shares of the financial services provider’s stock worth $20,225,000 after buying an additional 758 shares during the period. Institutional investors own 90.76% of the company’s stock.
Several analysts have recently weighed in on MKTX shares. Raymond James dropped their target price on MarketAxess from $599.00 to $595.00 and set an “outperform” rating on the stock in a research report on Tuesday, April 6th. William Blair restated a “market perform” rating on shares of MarketAxess in a report on Wednesday, January 20th. Rosenblatt Securities increased their target price on MarketAxess from $588.00 to $605.00 and gave the company a “buy” rating in a research note on Monday, February 1st. Zacks Investment Research lowered shares of MarketAxess from a “buy” rating to a “hold” rating and set a $590.00 price target for the company. in a research note on Thursday, December 31st. Finally, Morgan Stanley reduced their price objective on shares of MarketAxess from $606.00 to $579.00 and set an “equal weight” rating on the stock in a research note on Wednesday, March 31st. Seven equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $574.44.
Shares of NASDAQ:MKTX traded down $5.26 on Monday, reaching $529.30. 3,768 shares of the company’s stock were exchanged, compared to its average volume of 286,521. The firm has a market capitalization of $20.11 billion, a price-to-earnings ratio of 73.15 and a beta of 0.41. MarketAxess Holdings Inc. has a fifty-two week low of $380.28 and a fifty-two week high of $606.45. The business’s 50-day moving average is $524.66 and its two-hundred day moving average is $535.60.
MarketAxess (NASDAQ:MKTX) last announced its quarterly earnings data on Wednesday, January 27th. The financial services provider reported $1.91 earnings per share for the quarter, beating analysts’ consensus estimates of $1.84 by $0.07. MarketAxess had a net margin of 42.73% and a return on equity of 33.35%. The business had revenue of $171.35 million during the quarter, compared to the consensus estimate of $141.27 million. During the same quarter in the prior year, the firm earned $1.32 EPS. The company’s revenue for the quarter was up 32.0% compared to the same quarter last year. Sell-side analysts anticipate that MarketAxess Holdings Inc. will post 7.75 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Wednesday, February 24th. Stockholders of record on Wednesday, February 10th were given a dividend of $0.66 per share. This represents a $2.64 dividend on an annualized basis and a dividend yield of 0.50%. This is a boost from MarketAxess’s previous quarterly dividend of $0.60. The ex-dividend date of this dividend was Tuesday, February 9th. MarketAxess’s dividend payout ratio is presently 48.89%.
In other news, CFO Antonio L. Delise sold 2,500 shares of the company’s stock in a transaction dated Wednesday, February 24th. The shares were sold at an average price of $545.95, for a total transaction of $1,364,875.00. Following the completion of the transaction, the chief financial officer now owns 28,331 shares in the company, valued at $15,467,309.45. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Nicholas Themelis sold 4,000 shares of the stock in a transaction dated Friday, March 5th. The stock was sold at an average price of $478.01, for a total transaction of $1,912,040.00. Following the completion of the sale, the insider now directly owns 20,687 shares in the company, valued at approximately $9,888,592.87. The disclosure for this sale can be found here. In the last three months, insiders sold 26,750 shares of company stock worth $13,795,995. Company insiders own 3.05% of the company’s stock.
MarketAxess Company Profile
MarketAxess Holdings Inc, together with its subsidiaries, operates an electronic trading platform for institutional investor and broker-dealer firms worldwide. It offers the access to global liquidity in U.S. investment-grade bonds, U.S. high-yield bonds, U.S. Treasuries, municipal bonds, emerging market debt, Eurobonds, and other fixed income securities.
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