State Board of Administration of Florida Retirement System trimmed its position in shares of MarketAxess Holdings Inc. (NASDAQ:MKTX) by 0.6% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 46,038 shares of the financial services provider’s stock after selling 294 shares during the quarter. State Board of Administration of Florida Retirement System’s holdings in MarketAxess were worth $9,728,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds also recently made changes to their positions in MKTX. Atria Investments LLC increased its position in MarketAxess by 25.6% during the third quarter. Atria Investments LLC now owns 1,358 shares of the financial services provider’s stock worth $242,000 after buying an additional 277 shares during the period. First Hawaiian Bank acquired a new stake in shares of MarketAxess in the third quarter valued at about $113,000. Nisa Investment Advisors LLC boosted its holdings in MarketAxess by 42.9% in the third quarter. Nisa Investment Advisors LLC now owns 11,000 shares of the financial services provider’s stock valued at $1,963,000 after purchasing an additional 3,300 shares during the last quarter. Forte Capital LLC ADV lifted its holdings in MarketAxess by 5.6% during the 3rd quarter. Forte Capital LLC ADV now owns 39,677 shares of the financial services provider’s stock worth $7,081,000 after buying an additional 2,094 shares during the last quarter. Finally, Oppenheimer Asset Management Inc. lifted its holdings in shares of MarketAxess by 2.9% in the 3rd quarter. Oppenheimer Asset Management Inc. now owns 9,450 shares of the financial services provider’s stock worth $1,686,000 after purchasing an additional 262 shares during the last quarter. Institutional investors and hedge funds own 99.19% of the company’s stock.
A number of analysts recently issued reports on MKTX shares. BidaskClub raised MarketAxess from a “hold” rating to a “buy” rating in a research report on Tuesday. Zacks Investment Research cut shares of MarketAxess from a “hold” rating to a “sell” rating in a research report on Thursday, January 17th. Goldman Sachs Group began coverage on shares of MarketAxess in a research note on Monday, November 5th. They set a “sell” rating for the company. Finally, Buckingham Research began coverage on shares of MarketAxess in a report on Thursday, January 10th. They issued a “neutral” rating on the stock. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and two have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $215.50.
MarketAxess (NASDAQ:MKTX) last issued its quarterly earnings results on Wednesday, January 30th. The financial services provider reported $1.21 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.15 by $0.06. MarketAxess had a net margin of 39.69% and a return on equity of 30.31%. The company had revenue of $112.44 million for the quarter, compared to the consensus estimate of $112.37 million. During the same quarter in the prior year, the company earned $0.88 EPS. MarketAxess’s quarterly revenue was up 14.1% on a year-over-year basis. On average, sell-side analysts expect that MarketAxess Holdings Inc. will post 5.18 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, February 27th. Investors of record on Wednesday, February 13th will be paid a dividend of $0.51 per share. This is a boost from MarketAxess’s previous quarterly dividend of $0.42. The ex-dividend date of this dividend is Tuesday, February 12th. This represents a $2.04 annualized dividend and a yield of 0.91%. MarketAxess’s payout ratio is presently 36.76%.
In other news, Director John Steinhardt sold 3,187 shares of the stock in a transaction dated Tuesday, February 5th. The stock was sold at an average price of $215.62, for a total value of $687,180.94. Following the completion of the sale, the director now owns 24,899 shares in the company, valued at $5,368,722.38. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Richard M. Mcvey sold 20,000 shares of the stock in a transaction dated Friday, February 8th. The shares were sold at an average price of $220.94, for a total value of $4,418,800.00. Following the completion of the transaction, the chief executive officer now directly owns 1,023,640 shares of the company’s stock, valued at approximately $226,163,021.60. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 25,687 shares of company stock worth $5,648,206. 3.52% of the stock is currently owned by corporate insiders.
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MarketAxess Holdings Inc, together with its subsidiaries, operates an electronic trading platform that enables fixed-income market participants to trade corporate bonds and other types of fixed-income instruments worldwide. It offers institutional investor and broker-dealer the access to global liquidity in U.S.
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