California State Teachers Retirement System grew its position in MarketAxess Holdings Inc. (NASDAQ:MKTX) by 0.4% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 58,004 shares of the financial services provider’s stock after purchasing an additional 227 shares during the quarter. California State Teachers Retirement System owned about 0.15% of MarketAxess worth $14,274,000 as of its most recent SEC filing.
Other institutional investors have also recently bought and sold shares of the company. Norges Bank bought a new position in shares of MarketAxess in the 4th quarter valued at $84,529,000. Baillie Gifford & Co. raised its position in MarketAxess by 9.1% during the 4th quarter. Baillie Gifford & Co. now owns 4,018,282 shares of the financial services provider’s stock worth $849,103,000 after purchasing an additional 335,795 shares during the last quarter. JPMorgan Chase & Co. raised its position in MarketAxess by 737.8% during the 1st quarter. JPMorgan Chase & Co. now owns 266,565 shares of the financial services provider’s stock worth $65,595,000 after purchasing an additional 234,747 shares during the last quarter. Ardevora Asset Management LLP bought a new position in MarketAxess during the 1st quarter worth $37,715,000. Finally, Eagle Asset Management Inc. raised its position in MarketAxess by 39.9% during the 4th quarter. Eagle Asset Management Inc. now owns 383,256 shares of the financial services provider’s stock worth $80,985,000 after purchasing an additional 109,281 shares during the last quarter. 99.19% of the stock is currently owned by institutional investors.
In other news, Director Stephen P. Casper sold 102 shares of the firm’s stock in a transaction dated Friday, June 7th. The shares were sold at an average price of $337.30, for a total value of $34,404.60. Following the completion of the sale, the director now owns 13,157 shares in the company, valued at approximately $4,437,856.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Richard M. Mcvey sold 20,000 shares of MarketAxess stock in a transaction dated Wednesday, May 8th. The shares were sold at an average price of $281.14, for a total transaction of $5,622,800.00. Following the sale, the chief executive officer now owns 1,006,289 shares of the company’s stock, valued at approximately $282,908,089.46. The disclosure for this sale can be found here. Insiders sold a total of 27,591 shares of company stock valued at $7,719,158 over the last three months. Corporate insiders own 3.28% of the company’s stock.
A number of analysts have weighed in on MKTX shares. BidaskClub downgraded MarketAxess from a “strong-buy” rating to a “buy” rating in a report on Tuesday, March 5th. Zacks Investment Research raised shares of MarketAxess from a “hold” rating to a “buy” rating and set a $261.00 price target on the stock in a report on Tuesday, March 19th. Rosenblatt Securities initiated coverage on shares of MarketAxess in a research report on Monday, April 15th. They set a “neutral” rating and a $255.00 price target for the company. Barclays boosted their price target on shares of MarketAxess from $218.00 to $244.00 and gave the company an “equal weight” rating in a research report on Thursday, April 25th. Finally, ValuEngine upgraded shares of MarketAxess from a “buy” rating to a “strong-buy” rating in a research report on Monday, June 3rd. Two analysts have rated the stock with a sell rating, six have issued a hold rating, one has given a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $234.14.
Shares of MKTX stock traded down $6.37 on Wednesday, hitting $312.67. 537,200 shares of the stock traded hands, compared to its average volume of 315,095. The stock has a market cap of $12.55 billion, a price-to-earnings ratio of 68.42, a price-to-earnings-growth ratio of 12.86 and a beta of 0.19. MarketAxess Holdings Inc. has a 52 week low of $172.09 and a 52 week high of $342.98. The business has a 50 day moving average price of $305.33. The company has a current ratio of 10.82, a quick ratio of 10.82 and a debt-to-equity ratio of 0.14.
MarketAxess (NASDAQ:MKTX) last posted its earnings results on Wednesday, April 24th. The financial services provider reported $1.39 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.37 by $0.02. The company had revenue of $124.49 million during the quarter, compared to analysts’ expectations of $125.43 million. MarketAxess had a net margin of 39.84% and a return on equity of 29.88%. MarketAxess’s quarterly revenue was up 8.5% on a year-over-year basis. During the same period last year, the company posted $1.27 earnings per share. Analysts forecast that MarketAxess Holdings Inc. will post 5.18 earnings per share for the current fiscal year.
MarketAxess Holdings Inc, together with its subsidiaries, operates an electronic trading platform that enables fixed-income market participants to trade corporate bonds and other types of fixed-income instruments worldwide. It offers institutional investor and broker-dealer firms the access to global liquidity in U.S.
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