Sei Investments Co. boosted its stake in shares of MarketAxess Holdings, Inc. (NASDAQ:MKTX) by 35.9% during the second quarter, Holdings Channel reports. The firm owned 26,706 shares of the financial services provider’s stock after buying an additional 7,055 shares during the period. Sei Investments Co.’s holdings in MarketAxess Holdings were worth $5,370,000 at the end of the most recent reporting period.
Other hedge funds have also recently bought and sold shares of the company. American International Group Inc. raised its stake in MarketAxess Holdings by 3.8% in the first quarter. American International Group Inc. now owns 75,058 shares of the financial services provider’s stock valued at $14,073,000 after buying an additional 2,781 shares during the period. Swiss National Bank raised its stake in MarketAxess Holdings by 0.3% in the first quarter. Swiss National Bank now owns 62,106 shares of the financial services provider’s stock valued at $11,644,000 after buying an additional 200 shares during the period. Canada Pension Plan Investment Board raised its stake in MarketAxess Holdings by 185.0% in the first quarter. Canada Pension Plan Investment Board now owns 5,700 shares of the financial services provider’s stock valued at $1,069,000 after buying an additional 3,700 shares during the period. Vanguard Group Inc. raised its stake in MarketAxess Holdings by 5.0% in the first quarter. Vanguard Group Inc. now owns 2,855,565 shares of the financial services provider’s stock valued at $535,390,000 after buying an additional 134,735 shares during the period. Finally, Driehaus Capital Management LLC raised its stake in MarketAxess Holdings by 78.9% in the first quarter. Driehaus Capital Management LLC now owns 7,282 shares of the financial services provider’s stock valued at $1,365,000 after buying an additional 3,212 shares during the period. 90.36% of the stock is currently owned by institutional investors.
Shares of MarketAxess Holdings, Inc. (MKTX) opened at 192.98 on Thursday. The stock has a 50 day moving average price of $198.29 and a 200 day moving average price of $192.59. MarketAxess Holdings, Inc. has a 12 month low of $145.10 and a 12 month high of $211.06. The stock has a market capitalization of $7.24 billion, a P/E ratio of 50.76 and a beta of 0.69.
MarketAxess Holdings (NASDAQ:MKTX) last issued its quarterly earnings results on Wednesday, July 26th. The financial services provider reported $1.00 earnings per share for the quarter, beating analysts’ consensus estimates of $0.92 by $0.08. MarketAxess Holdings had a return on equity of 30.38% and a net margin of 37.46%. The business had revenue of $97.31 million for the quarter, compared to the consensus estimate of $96.42 million. During the same quarter in the previous year, the company posted $0.88 earnings per share. MarketAxess Holdings’s revenue for the quarter was up .7% compared to the same quarter last year. On average, analysts anticipate that MarketAxess Holdings, Inc. will post $4.12 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, August 24th. Stockholders of record on Thursday, August 10th will be issued a dividend of $0.33 per share. The ex-dividend date is Tuesday, August 8th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 0.68%. MarketAxess Holdings’s dividend payout ratio is 34.65%.
MKTX has been the topic of several research reports. BidaskClub lowered MarketAxess Holdings from a “buy” rating to a “hold” rating in a report on Saturday, June 24th. Raymond James Financial, Inc. upped their target price on MarketAxess Holdings from $216.00 to $219.00 and gave the company an “outperform” rating in a report on Thursday, July 27th. Zacks Investment Research raised MarketAxess Holdings from a “hold” rating to a “strong-buy” rating and set a $221.00 target price on the stock in a report on Monday, May 1st. Finally, Keefe, Bruyette & Woods reissued a “buy” rating and issued a $205.00 target price on shares of MarketAxess Holdings in a report on Thursday, July 6th. One research analyst has rated the stock with a sell rating, three have issued a hold rating, three have issued a buy rating and one has issued a strong buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $197.17.
In related news, insider Nicholas Themelis sold 5,596 shares of MarketAxess Holdings stock in a transaction on Friday, June 9th. The stock was sold at an average price of $200.84, for a total transaction of $1,123,900.64. Following the completion of the sale, the insider now owns 67,763 shares of the company’s stock, valued at $13,609,520.92. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Richard M. Mcvey sold 20,000 shares of MarketAxess Holdings stock in a transaction on 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 sale, the chief executive officer now directly owns 1,108,142 shares of the company’s stock, valued at approximately $220,110,245.46. The disclosure for this sale can be found here. Insiders have sold 34,882 shares of company stock worth $6,966,237 in the last quarter. 4.51% of the stock is currently 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.
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