Oregon Public Employees Retirement Fund raised its stake in MarketAxess Holdings, Inc. (NASDAQ:MKTX) by 5.0% during the second quarter, according to its most recent filing with the SEC. The fund owned 13,846 shares of the financial services provider’s stock after buying an additional 656 shares during the period. Oregon Public Employees Retirement Fund’s holdings in MarketAxess Holdings were worth $2,784,000 at the end of the most recent quarter.
Several other institutional investors have also modified their holdings of MKTX. Cutler Group LP acquired a new position in shares of MarketAxess Holdings during the second quarter valued at $110,000. Puzo Michael J acquired a new position in shares of MarketAxess Holdings during the first quarter valued at $212,000. Gardiner Nancy B acquired a new position in shares of MarketAxess Holdings during the first quarter valued at $224,000. Independence Trust CO acquired a new position in shares of MarketAxess Holdings during the first quarter valued at $240,000. Finally, WMS Partners LLC acquired a new position in shares of MarketAxess Holdings during the first quarter valued at $243,000. Hedge funds and other institutional investors own 90.05% of the company’s stock.
Shares of MarketAxess Holdings, Inc. (MKTX) opened at 192.46 on Friday. The company has a 50-day moving average price of $198.90 and a 200-day moving average price of $192.04. The company has a market capitalization of $7.22 billion, a P/E ratio of 50.62 and a beta of 0.69. MarketAxess Holdings, Inc. has a 12 month low of $145.10 and a 12 month high of $211.06.
MarketAxess Holdings (NASDAQ:MKTX) last posted its earnings results on Wednesday, July 26th. The financial services provider reported $1.00 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.92 by $0.08. The firm had revenue of $97.31 million for the quarter, compared to analyst estimates of $96.42 million. MarketAxess Holdings had a return on equity of 30.38% and a net margin of 37.46%. MarketAxess Holdings’s revenue was up .7% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.88 EPS. On average, analysts forecast that MarketAxess Holdings, Inc. will post $4.12 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, August 24th. Shareholders of record on Thursday, August 10th will be given a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a yield of 0.69%. The ex-dividend date of this dividend is Tuesday, August 8th. MarketAxess Holdings’s dividend payout ratio is currently 34.65%.
Several equities analysts have recently weighed in on MKTX shares. Keefe, Bruyette & Woods reiterated a “buy” rating and issued a $210.00 price objective on shares of MarketAxess Holdings in a research note on Friday, July 14th. BidaskClub upgraded shares of MarketAxess Holdings from a “hold” rating to a “buy” rating in a research note on Monday, July 31st. Zacks Investment Research lowered shares of MarketAxess Holdings from a “buy” rating to a “hold” rating in a report on Tuesday, June 27th. Finally, Raymond James Financial, Inc. increased their target price on shares of MarketAxess Holdings from $216.00 to $219.00 and gave the stock an “outperform” rating in a report on Thursday, July 27th. One research analyst has rated the stock with a sell rating, two have issued a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $197.17.
In other MarketAxess Holdings news, Director Stephen P. Casper sold 230 shares of the stock in a transaction dated Wednesday, May 17th. The stock was sold at an average price of $184.70, for a total value of $42,481.00. Following the sale, the director now owns 50,464 shares of the company’s stock, valued at approximately $9,320,700.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Richard M. Mcvey sold 20,000 shares of the stock in a transaction dated Tuesday, August 8th. The shares were sold at an average price of $198.63, for a total value of $3,972,600.00. Following the completion of the transaction, the chief executive officer now owns 1,108,142 shares in the company, valued at approximately $220,110,245.46. The disclosure for this sale can be found here. Insiders sold a total of 35,112 shares of company stock worth $7,008,718 in the last ninety days. 4.51% of the stock is owned by corporate insiders.
About MarketAxess Holdings
MarketAxess Holdings Inc operates an electronic trading platform that enables fixed-income market participants to trade corporate bonds and other types of fixed-income instruments using its trading technology. Institutional investor and broker-dealer firms are users of trading platform, accessing global liquidity in the United States corporate bonds, emerging markets and high-yield bonds, European bonds, the United States agency bonds, municipal bonds, credit default swaps and other fixed-income securities.
What are top analysts saying about MarketAxess Holdings Inc.? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for MarketAxess Holdings Inc. and related companies.