UBS Asset Management Americas Inc. increased its stake in shares of MarketAxess Holdings Inc. (NASDAQ:MKTX) by 7.1% during the second quarter, Holdings Channel reports. The firm owned 26,240 shares of the company’s stock after buying an additional 1,730 shares during the period. UBS Asset Management Americas Inc. owned about 0.07% of MarketAxess Holdings worth $3,815,000 at the end of the most recent reporting period.
Other institutional investors also recently bought and sold shares of the company. Daiwa Securities Group Inc. acquired a new stake in shares of MarketAxess Holdings during the second quarter worth $160,000. Bank of Montreal Can acquired a new stake in shares of MarketAxess Holdings during the second quarter worth $177,000. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. raised its stake in shares of MarketAxess Holdings by 16.3% in the second quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 1,278 shares of the company’s stock worth $186,000 after buying an additional 179 shares during the last quarter. Princeton Alpha Management LP acquired a new stake in shares of MarketAxess Holdings during the second quarter worth $217,000. Finally, Quantitative Systematic Strategies LLC acquired a new stake in shares of MarketAxess Holdings during the second quarter worth $243,000. Institutional investors own 92.37% of the company’s stock.
MarketAxess Holdings Inc. (NASDAQ:MKTX) traded down 0.33% during midday trading on Friday, hitting $165.59. The company had a trading volume of 358,046 shares. MarketAxess Holdings Inc. has a 12 month low of $86.19 and a 12 month high of $178.21. The firm has a 50-day moving average price of $168.56 and a 200-day moving average price of $145.52. The company has a market cap of $6.23 billion, a price-to-earnings ratio of 57.10 and a beta of 0.76.
MarketAxess Holdings (NASDAQ:MKTX) last posted its earnings results on Thursday, July 28th. The company reported $0.88 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.85 by $0.03. MarketAxess Holdings had a return on equity of 27.14% and a net margin of 32.52%. The firm had revenue of $96.60 million for the quarter, compared to analyst estimates of $93.98 million. During the same quarter in the prior year, the company earned $0.64 EPS. MarketAxess Holdings’s revenue was up 27.9% on a year-over-year basis. Equities analysts anticipate that MarketAxess Holdings Inc. will post $3.23 EPS for the current year.
A number of equities research analysts have recently weighed in on the company. Credit Suisse Group AG restated a “sell” rating and set a $106.00 price target on shares of MarketAxess Holdings in a research note on Friday, July 29th. Zacks Investment Research lowered MarketAxess Holdings from a “buy” rating to a “hold” rating in a research note on Wednesday, September 14th. Keefe, Bruyette & Woods boosted their price target on MarketAxess Holdings from $165.00 to $175.00 and gave the stock an “outperform” rating in a research note on Friday, July 29th. Raymond James Financial Inc. lowered MarketAxess Holdings from an “outperform” rating to a “market perform” rating in a research note on Friday, July 15th. Finally, Citigroup Inc. lowered MarketAxess Holdings to a “market perform” rating in a research note on Friday, July 15th. They noted that the move was a valuation call. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $140.75.
In other MarketAxess Holdings news, insider Nicholas Themelis sold 6,200 shares of the stock in a transaction dated Tuesday, August 23rd. The stock was sold at an average price of $165.40, for a total value of $1,025,480.00. Following the sale, the insider now 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 available through the SEC website. Also, CEO Richard M. Mcvey sold 30,000 shares of the stock in a transaction dated Monday, August 8th. The shares were sold at an average price of $162.33, for a total value of $4,869,900.00. Following the completion of the sale, the chief executive officer now directly owns 1,091,457 shares in the company, valued at approximately $177,176,214.81. The disclosure for this sale can be found here. 4.51% of the stock is owned by company insiders.
MarketAxess Holdings Company Profile
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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