KAMES CAPITAL plc increased its position in MarketAxess Holdings, Inc. (NASDAQ:MKTX) by 3.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 435,478 shares of the financial services provider’s stock after purchasing an additional 16,044 shares during the quarter. MarketAxess makes up about 2.2% of KAMES CAPITAL plc’s portfolio, making the stock its 12th biggest position. KAMES CAPITAL plc’s holdings in MarketAxess were worth $87,845,000 at the end of the most recent reporting period.
Other large investors have also recently made changes to their positions in the company. GQG Partners LLC bought a new position in MarketAxess in the second quarter worth approximately $127,000. Sciencast Management LP grew its stake in MarketAxess by 14.4% in the second quarter. Sciencast Management LP now owns 1,226 shares of the financial services provider’s stock worth $247,000 after purchasing an additional 154 shares in the last quarter. First Republic Investment Management Inc. grew its stake in MarketAxess by 30.8% in the third quarter. First Republic Investment Management Inc. now owns 1,373 shares of the financial services provider’s stock worth $253,000 after purchasing an additional 323 shares in the last quarter. D.A. Davidson & CO. grew its stake in MarketAxess by 0.5% in the second quarter. D.A. Davidson & CO. now owns 1,380 shares of the financial services provider’s stock worth $277,000 after purchasing an additional 7 shares in the last quarter. Finally, Advisor Group Inc. grew its stake in MarketAxess by 38.2% in the second quarter. Advisor Group Inc. now owns 1,469 shares of the financial services provider’s stock worth $295,000 after purchasing an additional 406 shares in the last quarter. 91.65% of the stock is currently owned by institutional investors.
Shares of MarketAxess Holdings, Inc. (MKTX) traded down $4.86 during midday trading on Friday, reaching $201.52. The company’s stock had a trading volume of 207,500 shares, compared to its average volume of 248,000. The company has a market cap of $7,610.00, a PE ratio of 51.80 and a beta of 0.70. MarketAxess Holdings, Inc. has a 1-year low of $153.95 and a 1-year high of $211.06.
MarketAxess announced that its board has authorized a share buyback program on Wednesday, October 25th that allows the company to repurchase $100.00 million in shares. This repurchase authorization allows the financial services provider to buy shares of its stock through open market purchases. Shares repurchase programs are often a sign that the company’s board of directors believes its shares are undervalued.
Several research analysts recently issued reports on the company. Keefe, Bruyette & Woods reissued a “buy” rating and issued a $215.00 price objective on shares of MarketAxess in a research note on Friday, December 22nd. Zacks Investment Research raised MarketAxess from a “sell” rating to a “hold” rating in a research report on Tuesday, December 26th. Rosenblatt Securities started coverage on MarketAxess in a research report on Thursday, December 14th. They set a “neutral” rating and a $190.00 target price on the stock. Finally, Goldman Sachs Group cut MarketAxess from a “buy” rating to a “neutral” rating and set a $210.00 target price on the stock. in a research report on Monday. Five investment analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the company’s stock. MarketAxess currently has a consensus rating of “Buy” and an average price target of $202.86.
In other MarketAxess news, CEO Richard M. Mcvey sold 35,000 shares of the stock in a transaction on Wednesday, November 8th. The stock was sold at an average price of $178.29, for a total transaction of $6,240,150.00. Following the sale, the chief executive officer now owns 1,113,076 shares of the company’s stock, valued at approximately $198,450,320.04. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Nicholas Themelis sold 4,000 shares of the firm’s stock in a transaction on Thursday, November 2nd. The stock was sold at an average price of $176.40, for a total value of $705,600.00. The disclosure for this sale can be found here. Insiders have sold a total of 50,225 shares of company stock worth $8,955,630 in the last ninety days. Insiders own 4.02% of the company’s stock.
MarketAxess Company Profile
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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