Goodman Financial Corp Has $13.72 Million Stake in MarketAxess Holdings Inc. $MKTX

Goodman Financial Corp boosted its position in shares of MarketAxess Holdings Inc. (NASDAQ:MKTX) by 9.0% during the 1st quarter, HoldingsChannel reports. The firm owned 83,163 shares of the financial services provider’s stock after buying an additional 6,869 shares during the quarter. MarketAxess accounts for 2.4% of Goodman Financial Corp’s investment portfolio, making the stock its 21st biggest holding. Goodman Financial Corp’s holdings in MarketAxess were worth $13,720,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the company. Jones Financial Companies Lllp lifted its holdings in shares of MarketAxess by 151.0% in the first quarter. Jones Financial Companies Lllp now owns 2,683 shares of the financial services provider’s stock valued at $580,000 after purchasing an additional 1,614 shares in the last quarter. Empowered Funds LLC grew its holdings in shares of MarketAxess by 8.4% during the first quarter. Empowered Funds LLC now owns 1,716 shares of the financial services provider’s stock valued at $371,000 after buying an additional 133 shares in the last quarter. Woodline Partners LP raised its position in MarketAxess by 40.7% during the first quarter. Woodline Partners LP now owns 3,185 shares of the financial services provider’s stock valued at $689,000 after buying an additional 921 shares during the period. Geneos Wealth Management Inc. raised its position in MarketAxess by 200.0% during the first quarter. Geneos Wealth Management Inc. now owns 120 shares of the financial services provider’s stock valued at $26,000 after buying an additional 80 shares during the period. Finally, Sivia Capital Partners LLC purchased a new stake in MarketAxess in the 2nd quarter worth about $406,000. 99.01% of the stock is owned by institutional investors and hedge funds.

MarketAxess Trading Down 0.1%

NASDAQ:MKTX opened at $115.50 on Friday. The stock’s 50 day moving average price is $123.90 and its 200 day moving average price is $155.74. MarketAxess Holdings Inc. has a 52 week low of $108.75 and a 52 week high of $216.18. The company has a market capitalization of $4.10 billion, a P/E ratio of 13.65, a P/E/G ratio of 3.13 and a beta of 0.88. The company has a debt-to-equity ratio of 0.19, a quick ratio of 2.17 and a current ratio of 2.17.

MarketAxess (NASDAQ:MKTX) last posted its earnings results on Thursday, May 7th. The financial services provider reported $2.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.15 by $0.10. The firm had revenue of $233.38 million during the quarter, compared to analysts’ expectations of $231.91 million. MarketAxess had a net margin of 35.53% and a return on equity of 22.28%. The company’s revenue was up 11.9% compared to the same quarter last year. During the same period in the previous year, the company earned $1.87 earnings per share. On average, research analysts forecast that MarketAxess Holdings Inc. will post 7.94 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on MKTX shares. Rothschild & Co Redburn restated a “neutral” rating and set a $134.00 price objective (down from $189.00) on shares of MarketAxess in a research report on Thursday, June 11th. UBS Group reduced their price target on shares of MarketAxess from $215.00 to $200.00 and set a “buy” rating for the company in a research report on Wednesday, July 8th. Benchmark restated a “buy” rating on shares of MarketAxess in a report on Wednesday, July 8th. Weiss Ratings downgraded shares of MarketAxess from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Wednesday, May 6th. Finally, Barclays dropped their price objective on shares of MarketAxess from $170.00 to $132.00 and set an “equal weight” rating on the stock in a research note on Thursday, July 9th. Three equities research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $163.18.

About MarketAxess

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.