OxFORD Asset Management LLP bought a new position in MarketAxess Holdings, Inc. (NASDAQ:MKTX) during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 5,377 shares of the financial services provider’s stock, valued at approximately $1,081,000.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Renaissance Technologies LLC lifted its stake in MarketAxess Holdings by 57.1% in the second quarter. Renaissance Technologies LLC now owns 281,438 shares of the financial services provider’s stock valued at $56,597,000 after purchasing an additional 102,328 shares during the last quarter. Ramsey Quantitative Systems purchased a new position in MarketAxess Holdings in the second quarter valued at approximately $328,000. Parametric Portfolio Associates LLC lifted its stake in MarketAxess Holdings by 0.4% in the second quarter. Parametric Portfolio Associates LLC now owns 36,011 shares of the financial services provider’s stock valued at $7,242,000 after purchasing an additional 134 shares during the last quarter. Advisor Group Inc. lifted its stake in MarketAxess Holdings by 38.2% in the second quarter. Advisor Group Inc. now owns 1,469 shares of the financial services provider’s stock valued at $295,000 after purchasing an additional 406 shares during the last quarter. Finally, Nordea Investment Management AB lifted its stake in MarketAxess Holdings by 21.4% in the second quarter. Nordea Investment Management AB now owns 9,754 shares of the financial services provider’s stock valued at $1,962,000 after purchasing an additional 1,717 shares during the last quarter. Hedge funds and other institutional investors own 91.20% of the company’s stock.
MarketAxess Holdings, Inc. (MKTX) opened at 190.17 on Friday. The company has a 50-day moving average price of $184.16 and a 200 day moving average price of $190.97. The stock has a market cap of $7.14 billion, a P/E ratio of 50.02 and a beta of 0.71. MarketAxess Holdings, Inc. has a 1-year low of $145.10 and a 1-year high of $211.06.
MarketAxess Holdings (NASDAQ:MKTX) last issued its quarterly earnings results on Wednesday, July 26th. The financial services provider reported $1.00 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.92 by $0.08. The business had revenue of $97.31 million for the quarter, compared to analysts’ expectations of $96.42 million. MarketAxess Holdings had a net margin of 37.46% and a return on equity of 30.38%. The company’s revenue was up .7% compared to the same quarter last year. During the same quarter last year, the company posted $0.88 EPS. Equities analysts expect that MarketAxess Holdings, Inc. will post $4.02 earnings per share for the current fiscal year.
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Several equities analysts recently commented on the company. BidaskClub downgraded MarketAxess Holdings from a “buy” rating to a “hold” rating in a research note on Wednesday, August 16th. Raymond James Financial, Inc. upped their price objective on MarketAxess Holdings from $216.00 to $219.00 and gave the company an “outperform” rating in a research note on Thursday, July 27th. Zacks Investment Research downgraded MarketAxess Holdings from a “hold” rating to a “sell” rating in a research note on Thursday, October 5th. Finally, Keefe, Bruyette & Woods reiterated a “buy” rating and issued a $210.00 price objective on shares of MarketAxess Holdings in a research note on Friday, July 14th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company’s stock. MarketAxess Holdings currently has a consensus rating of “Buy” and an average price target of $192.40.
In other news, CEO Richard M. Mcvey sold 20,000 shares of MarketAxess Holdings stock in a transaction on Tuesday, August 8th. The shares were sold at an average price of $198.63, for a total transaction of $3,972,600.00. Following the transaction, the chief executive officer now owns 1,108,142 shares in the company, valued at approximately $220,110,245.46. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 4.02% of the company’s stock.
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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