MarketAxess Holdings Inc. $MKTX Stock Holdings Increased by Vanguard Personalized Indexing Management LLC

Vanguard Personalized Indexing Management LLC lifted its position in MarketAxess Holdings Inc. (NASDAQ:MKTX) by 21.8% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 4,447 shares of the financial services provider’s stock after buying an additional 797 shares during the period. Vanguard Personalized Indexing Management LLC’s holdings in MarketAxess were worth $993,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of MKTX. GAMMA Investing LLC raised its stake in shares of MarketAxess by 20.5% in the 1st quarter. GAMMA Investing LLC now owns 848 shares of the financial services provider’s stock worth $183,000 after buying an additional 144 shares in the last quarter. Wealth Enhancement Advisory Services LLC raised its stake in shares of MarketAxess by 23.8% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 3,350 shares of the financial services provider’s stock worth $725,000 after buying an additional 643 shares in the last quarter. State of Alaska Department of Revenue raised its stake in shares of MarketAxess by 2.7% in the 1st quarter. State of Alaska Department of Revenue now owns 4,415 shares of the financial services provider’s stock worth $955,000 after buying an additional 115 shares in the last quarter. Envestnet Portfolio Solutions Inc. raised its stake in shares of MarketAxess by 9.2% in the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 23,426 shares of the financial services provider’s stock worth $5,068,000 after buying an additional 1,980 shares in the last quarter. Finally, Praxis Investment Management Inc. bought a new stake in shares of MarketAxess in the 1st quarter worth $376,000. Institutional investors own 99.01% of the company’s stock.

Analyst Ratings Changes

MKTX has been the topic of a number of research reports. Barclays dropped their price objective on MarketAxess from $200.00 to $186.00 and set an “equal weight” rating on the stock in a research note on Wednesday, October 8th. Wall Street Zen raised MarketAxess from a “sell” rating to a “hold” rating in a research report on Saturday, August 9th. Jefferies Financial Group cut their target price on MarketAxess from $217.00 to $208.00 and set a “hold” rating on the stock in a research report on Monday, August 11th. Argus raised MarketAxess from a “hold” rating to a “buy” rating and set a $212.00 price target on the stock in a research report on Monday, August 25th. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of MarketAxess in a research report on Wednesday, October 8th. Five investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $216.58.

Insider Activity

In other news, Director Stephen P. Casper sold 1,600 shares of the company’s stock in a transaction dated Monday, September 8th. The stock was sold at an average price of $186.59, for a total transaction of $298,544.00. Following the completion of the sale, the director owned 43,208 shares in the company, valued at approximately $8,062,180.72. This represents a 3.57% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CRO Kevin M. Mcpherson sold 1,494 shares of the company’s stock in a transaction dated Friday, September 12th. The stock was sold at an average price of $185.32, for a total value of $276,868.08. Following the sale, the executive owned 67,681 shares of the company’s stock, valued at approximately $12,542,642.92. This trade represents a 2.16% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 2.66% of the company’s stock.

MarketAxess Price Performance

Shares of NASDAQ MKTX opened at $171.26 on Monday. The business’s 50-day moving average price is $180.84 and its two-hundred day moving average price is $204.29. MarketAxess Holdings Inc. has a one year low of $161.61 and a one year high of $296.68. The company has a market capitalization of $6.40 billion, a P/E ratio of 28.83, a price-to-earnings-growth ratio of 6.91 and a beta of 0.89.

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

MarketAxess 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.