Public Employees Retirement Association of Colorado Sells 192,019 Shares of MarketAxess Holdings Inc. (MKTX)
Public Employees Retirement Association of Colorado decreased its position in MarketAxess Holdings Inc. (NASDAQ:MKTX) by 52.4% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 174,211 shares of the company’s stock after selling 192,019 shares during the period. Public Employees Retirement Association of Colorado owned approximately 0.46% of MarketAxess Holdings worth $25,330,000 at the end of the most recent reporting period.
Several other hedge funds have also recently added to or reduced their stakes in MKTX. Daiwa Securities Group Inc. purchased a new stake in MarketAxess Holdings during the second quarter worth $160,000. Bank of Montreal Can purchased a new stake in MarketAxess Holdings during the second quarter worth $177,000. Miles Capital Inc. purchased a new stake in MarketAxess Holdings during the first quarter worth $257,000. Parametrica Management Ltd purchased a new stake in MarketAxess Holdings during the second quarter worth $288,000. Finally, LS Investment Advisors LLC raised its stake in MarketAxess Holdings by 73.6% in the second quarter. LS Investment Advisors LLC now owns 2,265 shares of the company’s stock worth $329,000 after buying an additional 960 shares during the last quarter. Hedge funds and other institutional investors own 92.37% of the company’s stock.
MarketAxess Holdings Inc. (NASDAQ:MKTX) traded down 1.58% during midday trading on Tuesday, hitting $156.31. The stock had a trading volume of 145,318 shares. The company has a 50-day moving average price of $167.93 and a 200-day moving average price of $147.53. The company has a market cap of $5.88 billion, a price-to-earnings ratio of 53.90 and a beta of 0.65. MarketAxess Holdings Inc. has a 12-month low of $86.19 and a 12-month high of $178.21.
MarketAxess Holdings (NASDAQ:MKTX) last released its quarterly earnings data on Thursday, July 28th. The company reported $0.88 earnings per share for the quarter, beating the consensus estimate of $0.85 by $0.03. The business had revenue of $96.60 million for the quarter, compared to analyst estimates of $93.98 million. MarketAxess Holdings had a return on equity of 27.14% and a net margin of 32.52%. The company’s revenue was up 27.9% compared to the same quarter last year. During the same period in the previous year, the company posted $0.64 EPS. Equities analysts anticipate that MarketAxess Holdings Inc. will post $3.22 EPS for the current year.
Several equities analysts have commented on the stock. Zacks Investment Research upgraded shares of MarketAxess Holdings from a “hold” rating to a “buy” rating and set a $190.00 price target on the stock in a research note on Thursday, September 15th. Keefe, Bruyette & Woods increased their price target on shares of MarketAxess Holdings from $165.00 to $175.00 and gave the company an “outperform” rating in a research note on Friday, July 29th. Credit Suisse Group AG reiterated a “sell” rating on shares of MarketAxess Holdings in a research note on Tuesday, June 28th. Raymond James Financial Inc. lowered shares of MarketAxess Holdings from an “outperform” rating to a “market perform” rating in a research note on Friday, July 15th. Finally, Citigroup Inc. lowered shares of MarketAxess Holdings to a “market perform” rating in a research note on Friday, July 15th. They noted that the move was a valuation call. Three investment analysts have rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company’s stock. MarketAxess Holdings has a consensus rating of “Hold” and an average price target of $140.75.
In related news, insider Nicholas Themelis sold 6,200 shares of the business’s stock in a transaction that occurred on Tuesday, August 23rd. The stock was sold at an average price of $165.40, for a total transaction of $1,025,480.00. Following the transaction, the insider now directly owns 70,799 shares of the company’s stock, valued at approximately $11,710,154.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Antonio L. Delise sold 10,000 shares of the business’s stock in a transaction that occurred on Friday, August 19th. The stock was sold at an average price of $166.79, for a total value of $1,667,900.00. Following the transaction, the chief financial officer now directly owns 59,494 shares in the company, valued at $9,923,004.26. The disclosure for this sale can be found here. 4.51% of the stock is owned by insiders.
About MarketAxess Holdings
MarketAxess Holdings Inc (MarketAxess) is an electronic trading platform. The Company operates as an electronic multi-party platform for the trading of fixed-income securities and provides related data, analytics, compliance tools and post-trade services. The Company’s multi-dealer trading platform allows its institutional investor clients to request bids or offers from its broker-dealer clients and execute trades with the broker-dealer of their choice from among those that choose to respond.
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