MarketAxess Holdings Inc. (NASDAQ:MKTX) Shares Sold by Duality Advisers LP

Duality Advisers LP lowered its stake in shares of MarketAxess Holdings Inc. (NASDAQ:MKTX) by 77.7% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,047 shares of the financial services provider’s stock after selling 3,643 shares during the period. Duality Advisers LP’s holdings in MarketAxess were worth $307,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Allworth Financial LP raised its position in MarketAxess by 347.6% in the fourth quarter. Allworth Financial LP now owns 94 shares of the financial services provider’s stock valued at $28,000 after purchasing an additional 73 shares during the period. Gladius Capital Management LP raised its position in MarketAxess by 39.6% in the third quarter. Gladius Capital Management LP now owns 134 shares of the financial services provider’s stock valued at $29,000 after purchasing an additional 38 shares during the period. Massmutual Trust Co. FSB ADV raised its position in MarketAxess by 47.3% in the fourth quarter. Massmutual Trust Co. FSB ADV now owns 134 shares of the financial services provider’s stock valued at $39,000 after purchasing an additional 43 shares during the period. CVA Family Office LLC purchased a new stake in MarketAxess in the fourth quarter valued at $50,000. Finally, Wetzel Investment Advisors Inc. purchased a new stake in MarketAxess in the fourth quarter valued at $57,000. Institutional investors and hedge funds own 99.01% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have commented on MKTX. Bank of America began coverage on MarketAxess in a research report on Wednesday, April 10th. They issued an “underperform” rating and a $199.00 target price on the stock. Rosenblatt Securities lowered their price objective on MarketAxess from $229.00 to $210.00 and set a “sell” rating for the company in a research report on Thursday, February 1st. The Goldman Sachs Group lowered their price objective on MarketAxess from $263.00 to $225.00 and set a “neutral” rating for the company in a research report on Thursday, February 1st. William Blair reissued an “outperform” rating on shares of MarketAxess in a research report on Tuesday, January 23rd. Finally, Piper Sandler reduced their price objective on MarketAxess from $250.00 to $237.00 and set a “neutral” rating for the company in a research note on Friday, April 12th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $252.80.

MarketAxess Trading Up 0.1 %

Shares of MKTX stock opened at $201.79 on Friday. The company has a market cap of $7.59 billion, a price-to-earnings ratio of 29.46, a price-to-earnings-growth ratio of 4.21 and a beta of 0.98. The stock has a 50 day simple moving average of $215.07 and a 200-day simple moving average of $236.86. MarketAxess Holdings Inc. has a 12-month low of $199.34 and a 12-month high of $322.25.

MarketAxess (NASDAQ:MKTX) last issued its earnings results on Wednesday, January 31st. The financial services provider reported $1.84 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.73 by $0.11. MarketAxess had a return on equity of 21.76% and a net margin of 34.29%. The business had revenue of $197.20 million during the quarter, compared to the consensus estimate of $196.70 million. During the same period in the prior year, the business posted $1.58 EPS. The company’s revenue for the quarter was up 10.8% on a year-over-year basis. On average, equities analysts forecast that MarketAxess Holdings Inc. will post 7.28 earnings per share for the current fiscal year.

Insider Activity at MarketAxess

In related news, CRO Kevin M. Mcpherson sold 2,000 shares of the firm’s stock in a transaction that occurred on Friday, February 16th. The stock was sold at an average price of $221.26, for a total value of $442,520.00. Following the completion of the transaction, the executive now directly owns 70,092 shares of the company’s stock, valued at approximately $15,508,555.92. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 2.00% of the stock is currently owned by company insiders.

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.