MarketAxess Holdings Inc. (NASDAQ:MKTX) Shares Purchased by Seeyond

Seeyond boosted its position in MarketAxess Holdings Inc. (NASDAQ:MKTX) by 0.4% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 5,844 shares of the financial services provider’s stock after acquiring an additional 26 shares during the period. Seeyond’s holdings in MarketAxess were worth $2,709,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in MKTX. Lloyd Advisory Services LLC. grew its stake in shares of MarketAxess by 50.0% during the 2nd quarter. Lloyd Advisory Services LLC. now owns 72 shares of the financial services provider’s stock valued at $33,000 after buying an additional 24 shares during the period. Johnson Investment Counsel Inc. grew its stake in shares of MarketAxess by 3.8% during the 2nd quarter. Johnson Investment Counsel Inc. now owns 657 shares of the financial services provider’s stock valued at $305,000 after buying an additional 24 shares during the period. Quadrant Capital Group LLC grew its stake in shares of MarketAxess by 9.7% during the 1st quarter. Quadrant Capital Group LLC now owns 294 shares of the financial services provider’s stock valued at $146,000 after buying an additional 26 shares during the period. HBK Sorce Advisory LLC grew its stake in shares of MarketAxess by 5.1% during the 1st quarter. HBK Sorce Advisory LLC now owns 535 shares of the financial services provider’s stock valued at $266,000 after buying an additional 26 shares during the period. Finally, Nordea Investment Management AB grew its stake in shares of MarketAxess by 1.2% during the 1st quarter. Nordea Investment Management AB now owns 2,180 shares of the financial services provider’s stock valued at $1,093,000 after buying an additional 26 shares during the period. 94.39% of the stock is owned by hedge funds and other institutional investors.

NASDAQ MKTX traded down $0.72 on Thursday, hitting $399.36. The stock had a trading volume of 188 shares, compared to its average volume of 257,810. MarketAxess Holdings Inc. has a one year low of $396.17 and a one year high of $606.45. The stock has a market cap of $15.17 billion, a price-to-earnings ratio of 52.76 and a beta of 0.36. The company’s 50-day moving average is $447.24 and its two-hundred day moving average is $465.13.

MarketAxess (NASDAQ:MKTX) last posted its quarterly earnings data on Tuesday, July 20th. The financial services provider reported $1.77 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.69 by $0.08. The business had revenue of $176.30 million during the quarter, compared to analysts’ expectations of $177.56 million. MarketAxess had a net margin of 40.79% and a return on equity of 29.87%. The business’s revenue was down 4.6% on a year-over-year basis. During the same period last year, the firm posted $2.20 earnings per share. On average, equities analysts predict that MarketAxess Holdings Inc. will post 7.36 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, August 18th. Stockholders of record on Wednesday, August 4th were issued a $0.66 dividend. This represents a $2.64 annualized dividend and a dividend yield of 0.66%. The ex-dividend date was Tuesday, August 3rd. MarketAxess’s dividend payout ratio (DPR) is presently 33.63%.

MKTX has been the topic of several recent research reports. Raymond James reduced their target price on shares of MarketAxess from $530.00 to $500.00 and set an “outperform” rating on the stock in a report on Wednesday, October 6th. Morgan Stanley cut their price objective on shares of MarketAxess from $459.00 to $441.00 and set an “equal weight” rating on the stock in a report on Friday, October 8th. Deutsche Bank Aktiengesellschaft cut their target price on shares of MarketAxess from $430.00 to $427.00 and set a “hold” rating on the stock in a research note on Thursday, July 22nd. Finally, Piper Sandler cut their target price on shares of MarketAxess from $483.00 to $475.00 and set a “neutral” rating on the stock in a research note on Wednesday, July 7th. Six equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $526.00.

In related news, CEO Richard M. Mcvey sold 12,117 shares of the company’s stock in a transaction that occurred on Monday, August 9th. The shares were sold at an average price of $484.74, for a total value of $5,873,594.58. Following the completion of the sale, the chief executive officer now owns 772,739 shares in the company, valued at approximately $374,577,502.86. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Kevin M. Mcpherson sold 5,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 10th. The shares were sold at an average price of $476.53, for a total transaction of $2,382,650.00. The disclosure for this sale can be found here. Insiders sold 17,902 shares of company stock valued at $8,631,608 over the last quarter. Insiders own 2.19% of the company’s stock.

About MarketAxess

MarketAxess Holdings, Inc operates as an electronic trading platform that allows investment industry professionals to trade corporate bonds and other types of fixed-income instruments. It also provides data and analytical tools that help its clients to make trading decisions and facilitate the trading process by electronically communicating order information between trading counterparties.

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Institutional Ownership by Quarter for MarketAxess (NASDAQ:MKTX)

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