MarketAxess Holdings Inc. $MKTX Shares Purchased by Sei Investments Co.

Sei Investments Co. grew its holdings in MarketAxess Holdings Inc. (NASDAQ:MKTX) by 113.1% during the first quarter, HoldingsChannel.com reports. The fund owned 30,231 shares of the financial services provider’s stock after purchasing an additional 16,047 shares during the quarter. Sei Investments Co.’s holdings in MarketAxess were worth $4,987,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Hsbc Holdings PLC lifted its stake in shares of MarketAxess by 638.7% during the first quarter. Hsbc Holdings PLC now owns 21,009 shares of the financial services provider’s stock worth $3,472,000 after purchasing an additional 18,165 shares in the last quarter. CWM LLC grew its stake in shares of MarketAxess by 190.5% in the fourth quarter. CWM LLC now owns 75,665 shares of the financial services provider’s stock valued at $13,714,000 after buying an additional 49,619 shares in the last quarter. Alpha Omega Wealth Management LLC purchased a new stake in shares of MarketAxess during the 4th quarter valued at about $1,326,000. Sivia Capital Partners LLC acquired a new position in MarketAxess during the 2nd quarter worth approximately $406,000. Finally, Van Den Berg Management I Inc. lifted its position in MarketAxess by 116.9% during the 4th quarter. Van Den Berg Management I Inc. now owns 30,399 shares of the financial services provider’s stock worth $5,510,000 after acquiring an additional 16,382 shares in the last quarter. Institutional investors and hedge funds own 99.01% of the company’s stock.

Analyst Ratings Changes

Several analysts have issued reports on MKTX shares. Keefe, Bruyette & Woods initiated coverage on shares of MarketAxess in a research report on Wednesday, April 8th. They issued an “outperform” rating and a $195.00 price objective for the company. Morgan Stanley reduced their target price on shares of MarketAxess from $195.00 to $129.00 and set an “equal weight” rating on the stock in a research report on Friday, July 10th. Weiss Ratings downgraded shares of MarketAxess from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Wednesday, May 6th. UBS Group downgraded shares of MarketAxess from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $200.00 to $167.00 in a research note on Friday. Finally, The Goldman Sachs Group cut their price objective on shares of MarketAxess from $168.00 to $130.00 and set a “neutral” rating on the stock in a report on Tuesday, June 30th. Two research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $160.18.

MarketAxess Price Performance

Shares of NASDAQ MKTX opened at $162.35 on Wednesday. The company has a quick ratio of 2.17, a current ratio of 2.17 and a debt-to-equity ratio of 0.19. MarketAxess Holdings Inc. has a fifty-two week low of $108.75 and a fifty-two week high of $210.05. The business has a 50 day moving average price of $121.61 and a two-hundred day moving average price of $151.55. The firm has a market cap of $5.77 billion, a PE ratio of 19.15, a price-to-earnings-growth ratio of 16.04 and a beta of 0.83.

MarketAxess (NASDAQ:MKTX) last announced its earnings results on Thursday, July 30th. The financial services provider reported $1.95 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.85 by $0.10. The company had revenue of $218.00 million for the quarter, compared to analyst estimates of $216.70 million. MarketAxess had a return on equity of 22.48% and a net margin of 35.22%.MarketAxess’s quarterly revenue was down .5% on a year-over-year basis. During the same period in the prior year, the company posted $2.00 EPS. Sell-side analysts expect that MarketAxess Holdings Inc. will post 8.03 earnings per share for the current fiscal year.

MarketAxess Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 2nd. Investors of record on Wednesday, August 19th will be paid a $0.78 dividend. This represents a $3.12 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date is Wednesday, August 19th. MarketAxess’s payout ratio is 36.79%.

MarketAxess Profile

MarketAxess Holdings Inc operates a leading global electronic trading platform specializing in fixed-income securities and related products. The company’s network enables institutional investors and broker-dealers to trade corporate bonds, municipal securities, emerging markets debt, U.S. Treasuries and credit default swaps in an automated, multi-dealer environment. MarketAxess also offers portfolio trading, data analytics, best-execution tools and post-trade services to streamline workflows and enhance price discovery across its marketplace.

In addition to core voice-like trading protocols, MarketAxess provides Open Trading®, an anonymous, all-to-all trading protocol designed to improve liquidity and transaction efficiency.