Sciencast Management LP Buys 154 Shares of MarketAxess Holdings, Inc. (MKTX)
Sciencast Management LP increased its stake in shares of MarketAxess Holdings, Inc. (NASDAQ:MKTX) by 14.4% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 1,226 shares of the financial services provider’s stock after purchasing an additional 154 shares during the period. Sciencast Management LP’s holdings in MarketAxess Holdings were worth $247,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently modified their holdings of the stock. BlackRock Inc. lifted its holdings in MarketAxess Holdings by 2.1% during the 2nd quarter. BlackRock Inc. now owns 3,063,588 shares of the financial services provider’s stock worth $616,087,000 after purchasing an additional 62,914 shares in the last quarter. Vanguard Group Inc. lifted its holdings in MarketAxess Holdings by 1.4% during the 2nd quarter. Vanguard Group Inc. now owns 2,894,267 shares of the financial services provider’s stock worth $582,038,000 after purchasing an additional 38,702 shares in the last quarter. Baillie Gifford & Co. lifted its holdings in MarketAxess Holdings by 5.1% during the 2nd quarter. Baillie Gifford & Co. now owns 2,752,949 shares of the financial services provider’s stock worth $553,618,000 after purchasing an additional 134,588 shares in the last quarter. State Street Corp lifted its holdings in MarketAxess Holdings by 0.4% during the 2nd quarter. State Street Corp now owns 984,978 shares of the financial services provider’s stock worth $198,075,000 after purchasing an additional 4,168 shares in the last quarter. Finally, Franklin Resources Inc. lifted its holdings in MarketAxess Holdings by 8.4% during the 2nd quarter. Franklin Resources Inc. now owns 869,065 shares of the financial services provider’s stock worth $174,782,000 after purchasing an additional 67,254 shares in the last quarter. 91.20% of the stock is currently owned by institutional investors and hedge funds.
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In other news, CEO Richard M. Mcvey sold 20,000 shares of the company’s stock in a transaction dated Tuesday, August 8th. The stock was 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 of the company’s stock, valued at $220,110,245.46. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 4.02% of the company’s stock.
Shares of MarketAxess Holdings, Inc. (MKTX) opened at 186.83 on Wednesday. MarketAxess Holdings, Inc. has a 12-month low of $145.10 and a 12-month high of $211.06. The firm has a 50 day moving average price of $184.32 and a 200 day moving average price of $190.97. The stock has a market cap of $7.01 billion, a PE ratio of 49.14 and a beta of 0.71.
MarketAxess Holdings (NASDAQ:MKTX) last released its quarterly earnings data on Wednesday, July 26th. The financial services provider reported $1.00 earnings per share for the quarter, topping analysts’ consensus estimates of $0.92 by $0.08. The firm had revenue of $97.31 million during 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%. The business’s quarterly revenue was up .7% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.88 earnings per share. On average, equities analysts expect that MarketAxess Holdings, Inc. will post $4.03 EPS for the current year.
A number of brokerages recently issued reports on MKTX. Raymond James Financial, Inc. increased their price objective on MarketAxess Holdings from $216.00 to $219.00 and gave the stock an “outperform” rating in a report on Thursday, July 27th. BidaskClub cut MarketAxess Holdings from a “buy” rating to a “hold” rating in a report on Wednesday, August 16th. Zacks Investment Research cut MarketAxess Holdings from a “hold” rating to a “sell” rating in a report on Thursday, October 5th. Finally, Keefe, Bruyette & Woods reissued a “buy” rating and set a $210.00 price objective on shares of MarketAxess Holdings in a report on Friday, July 14th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company. MarketAxess Holdings currently has an average rating of “Buy” and a consensus target price of $192.40.
MarketAxess Holdings 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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