Amica Mutual Insurance Co. Acquires New Stake in MarketAxess Holdings Inc. (NASDAQ:MKTX)

Amica Mutual Insurance Co. bought a new position in MarketAxess Holdings Inc. (NASDAQ:MKTX) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 1,951 shares of the financial services provider’s stock, valued at approximately $571,000.

Several other hedge funds have also recently made changes to their positions in the company. Nordea Investment Management AB increased its holdings in MarketAxess by 316.1% in the 4th quarter. Nordea Investment Management AB now owns 11,546 shares of the financial services provider’s stock worth $3,367,000 after acquiring an additional 8,771 shares during the last quarter. New York State Common Retirement Fund grew its stake in MarketAxess by 27.9% during the fourth quarter. New York State Common Retirement Fund now owns 96,476 shares of the financial services provider’s stock valued at $28,253,000 after acquiring an additional 21,041 shares in the last quarter. Norris Perne & French LLP MI purchased a new stake in MarketAxess in the 4th quarter worth approximately $9,715,000. International Assets Investment Management LLC boosted its holdings in MarketAxess by 28,547.8% in the 4th quarter. International Assets Investment Management LLC now owns 13,178 shares of the financial services provider’s stock valued at $3,859,000 after purchasing an additional 13,132 shares during the period. Finally, Rhumbline Advisers increased its holdings in shares of MarketAxess by 3.4% in the third quarter. Rhumbline Advisers now owns 91,847 shares of the financial services provider’s stock worth $19,622,000 after purchasing an additional 3,024 shares during the period. 99.01% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the company. Barclays dropped their price objective on MarketAxess from $239.00 to $236.00 and set an “equal weight” rating for the company in a research note on Monday, April 8th. Piper Sandler cut their price objective on MarketAxess from $250.00 to $237.00 and set a “neutral” rating for the company in a report on Friday, April 12th. Morgan Stanley raised their target price on shares of MarketAxess from $278.00 to $279.00 and gave the company an “equal weight” rating in a research note on Tuesday, April 9th. The Goldman Sachs Group decreased their price target on shares of MarketAxess from $263.00 to $225.00 and set a “neutral” rating on the stock in a report on Thursday, February 1st. Finally, William Blair reaffirmed an “outperform” rating on shares of MarketAxess in a report on Tuesday, January 23rd. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $252.80.

Insider Buying and Selling

In other MarketAxess news, CRO Kevin M. Mcpherson sold 2,000 shares of the firm’s stock in a transaction on Friday, February 16th. The shares were sold at an average price of $221.26, for a total value of $442,520.00. Following the sale, the executive now owns 70,092 shares of the company’s stock, valued at approximately $15,508,555.92. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 2.00% of the stock is owned by insiders.

MarketAxess Trading Up 1.1 %

Shares of NASDAQ:MKTX traded up $2.31 on Monday, reaching $204.10. 510,561 shares of the company traded hands, compared to its average volume of 418,002. MarketAxess Holdings Inc. has a 52 week low of $199.34 and a 52 week high of $322.25. The business’s 50-day simple moving average is $214.73 and its 200 day simple moving average is $236.64. The stock has a market capitalization of $7.67 billion, a P/E ratio of 29.80, a price-to-earnings-growth ratio of 4.22 and a beta of 0.98.

MarketAxess (NASDAQ:MKTX) last announced its quarterly earnings results on Wednesday, January 31st. The financial services provider reported $1.84 EPS for the quarter, topping analysts’ consensus estimates of $1.73 by $0.11. The business had revenue of $197.20 million for the quarter, compared to analysts’ expectations of $196.70 million. MarketAxess had a return on equity of 21.76% and a net margin of 34.29%. The business’s quarterly revenue was up 10.8% on a year-over-year basis. During the same period in the previous year, the firm earned $1.58 EPS. Sell-side analysts expect that MarketAxess Holdings Inc. will post 7.28 EPS for the current fiscal year.

MarketAxess Company 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.