MarketAxess Holdings Inc. $MKTX Stock Holdings Increased by Cwm LLC

Cwm LLC lifted its stake in MarketAxess Holdings Inc. (NASDAQ:MKTX) by 342.4% in the second quarter, Holdings Channel.com reports. The firm owned 19,112 shares of the financial services provider’s stock after acquiring an additional 14,792 shares during the quarter. Cwm LLC’s holdings in MarketAxess were worth $4,268,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Geneos Wealth Management Inc. lifted its position in shares of MarketAxess by 200.0% in the first quarter. Geneos Wealth Management Inc. now owns 120 shares of the financial services provider’s stock worth $26,000 after purchasing an additional 80 shares in the last quarter. Harbor Investment Advisory LLC purchased a new stake in shares of MarketAxess in the second quarter worth approximately $37,000. MassMutual Private Wealth & Trust FSB lifted its position in shares of MarketAxess by 51.2% in the second quarter. MassMutual Private Wealth & Trust FSB now owns 248 shares of the financial services provider’s stock worth $55,000 after purchasing an additional 84 shares in the last quarter. Intact Investment Management Inc. purchased a new stake in shares of MarketAxess in the first quarter worth approximately $65,000. Finally, Signaturefd LLC lifted its position in shares of MarketAxess by 173.0% in the first quarter. Signaturefd LLC now owns 333 shares of the financial services provider’s stock worth $72,000 after purchasing an additional 211 shares in the last quarter. 99.01% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on MKTX shares. Barclays reduced their price target on shares of MarketAxess from $200.00 to $186.00 and set an “equal weight” rating for the company in a research report on Wednesday, October 8th. Argus raised shares of MarketAxess from a “hold” rating to a “buy” rating and set a $212.00 price objective on the stock in a research report on Monday, August 25th. UBS Group cut their price objective on shares of MarketAxess from $255.00 to $240.00 and set a “buy” rating on the stock in a research report on Tuesday, October 7th. Loop Capital set a $164.00 price objective on shares of MarketAxess in a research report on Tuesday. Finally, Wall Street Zen raised shares of MarketAxess from a “sell” rating to a “hold” rating in a research report on Saturday, August 9th. Five equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $216.58.

MarketAxess Stock Down 0.3%

Shares of MKTX stock opened at $171.07 on Friday. MarketAxess Holdings Inc. has a 12 month low of $161.61 and a 12 month high of $296.68. The business’s 50 day moving average is $181.16 and its two-hundred day moving average is $204.72. The company has a market cap of $6.39 billion, a PE ratio of 28.80, a price-to-earnings-growth ratio of 6.92 and a beta of 0.89.

MarketAxess (NASDAQ:MKTX) last announced its quarterly earnings results on Wednesday, August 6th. The financial services provider reported $2.00 EPS for the quarter, beating the consensus estimate of $1.94 by $0.06. MarketAxess had a return on equity of 20.41% and a net margin of 26.62%.The company had revenue of $219.46 million for the quarter, compared to the consensus estimate of $218.05 million. During the same quarter last year, the company posted $1.72 earnings per share. The company’s revenue for the quarter was up 11.0% compared to the same quarter last year. As a group, equities analysts expect that MarketAxess Holdings Inc. will post 7.79 EPS for the current fiscal year.

Insider Activity at MarketAxess

In other MarketAxess news, Director Stephen P. Casper sold 1,600 shares of the stock in a transaction that occurred on Monday, September 8th. The stock was sold at an average price of $186.59, for a total transaction of $298,544.00. Following the transaction, the director owned 43,208 shares in the company, valued at $8,062,180.72. This trade represents a 3.57% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CRO Kevin M. Mcpherson sold 1,494 shares of the firm’s stock in a transaction on Friday, September 12th. The stock was sold at an average price of $185.32, for a total transaction of $276,868.08. Following the completion of the sale, the executive owned 67,681 shares in the company, valued at approximately $12,542,642.92. The trade was a 2.16% decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.65% of the company’s stock.

About MarketAxess

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.