Holocene Advisors LP lessened its holdings in shares of MarketAxess Holdings Inc. (NASDAQ:MKTX - Free Report) by 96.2% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 5,352 shares of the financial services provider's stock after selling 134,208 shares during the period. Holocene Advisors LP's holdings in MarketAxess were worth $1,371,000 at the end of the most recent reporting period.
A number of other hedge funds also recently bought and sold shares of the business. Sound Income Strategies LLC bought a new position in shares of MarketAxess during the second quarter valued at approximately $129,000. Czech National Bank raised its holdings in MarketAxess by 8.3% in the 2nd quarter. Czech National Bank now owns 7,221 shares of the financial services provider's stock worth $1,448,000 after purchasing an additional 553 shares in the last quarter. Bangor Savings Bank lifted its position in shares of MarketAxess by 3.3% in the 2nd quarter. Bangor Savings Bank now owns 6,997 shares of the financial services provider's stock worth $1,403,000 after purchasing an additional 221 shares during the period. V Square Quantitative Management LLC boosted its stake in shares of MarketAxess by 7.5% during the 2nd quarter. V Square Quantitative Management LLC now owns 1,453 shares of the financial services provider's stock valued at $291,000 after purchasing an additional 101 shares in the last quarter. Finally, Blue Trust Inc. boosted its stake in shares of MarketAxess by 405.1% during the 2nd quarter. Blue Trust Inc. now owns 197 shares of the financial services provider's stock valued at $43,000 after purchasing an additional 158 shares in the last quarter. Hedge funds and other institutional investors own 99.01% of the company's stock.
In other news, Chairman Richard M. Mcvey sold 10,000 shares of the business's stock in a transaction on Thursday, November 14th. The stock was sold at an average price of $267.67, for a total value of $2,676,700.00. Following the completion of the transaction, the chairman now owns 562,029 shares in the company, valued at $150,438,302.43. The trade was a 1.75 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 2.66% of the stock is currently owned by insiders.
MKTX has been the subject of several research analyst reports. Piper Sandler restated a "neutral" rating and issued a $265.00 price objective on shares of MarketAxess in a report on Thursday, November 7th. Bank of America lowered their target price on MarketAxess from $193.00 to $185.00 and set an "underperform" rating for the company in a research note on Thursday, October 3rd. The Goldman Sachs Group upped their price target on MarketAxess from $204.00 to $233.00 and gave the stock a "neutral" rating in a research note on Monday, September 30th. UBS Group raised their price objective on MarketAxess from $330.00 to $335.00 and gave the company a "buy" rating in a research report on Thursday, November 7th. Finally, Keefe, Bruyette & Woods boosted their target price on shares of MarketAxess from $270.00 to $276.00 and gave the company a "market perform" rating in a report on Thursday, November 7th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $267.50.
Check Out Our Latest Report on MKTX
Shares of NASDAQ:MKTX opened at $239.93 on Friday. The business has a fifty day moving average price of $273.02 and a 200-day moving average price of $240.90. The company has a market capitalization of $9.05 billion, a PE ratio of 32.51, a PEG ratio of 11.80 and a beta of 1.00. MarketAxess Holdings Inc. has a 1-year low of $192.42 and a 1-year high of $297.97.
MarketAxess (NASDAQ:MKTX - Get Free Report) last released its quarterly earnings data on Wednesday, November 6th. The financial services provider reported $1.90 earnings per share for the quarter, beating analysts' consensus estimates of $1.85 by $0.05. The business had revenue of $206.70 million during the quarter, compared to analyst estimates of $207.17 million. MarketAxess had a net margin of 34.32% and a return on equity of 20.93%. MarketAxess's revenue was up 20.0% compared to the same quarter last year. During the same period last year, the business earned $1.46 EPS. On average, sell-side analysts anticipate that MarketAxess Holdings Inc. will post 7.37 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 4th. Investors of record on Wednesday, November 20th were issued a $0.74 dividend. The ex-dividend date was Wednesday, November 20th. This represents a $2.96 dividend on an annualized basis and a yield of 1.23%. MarketAxess's payout ratio is currently 40.11%.
MarketAxess Holdings Inc, together with its subsidiaries, operates an electronic trading platform for institutional investor and broker-dealer companies worldwide. The company offers trading technology that provides liquidity access in U.S. high-grade bonds, U.S. high-yield bonds, emerging market debt, eurobonds, municipal bonds, U.S.
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