American Century Companies Inc. reduced its stake in MarketAxess Holdings, Inc. (NASDAQ:MKTX) by 10.8% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 485,309 shares of the financial services provider’s stock after selling 58,972 shares during the period. American Century Companies Inc. owned approximately 1.29% of MarketAxess Holdings worth $97,596,000 as of its most recent filing with the SEC.
Several other large investors have also recently modified their holdings of the company. Geneva Advisors LLC boosted its stake in shares of MarketAxess Holdings by 5.3% in the second quarter. Geneva Advisors LLC now owns 423,248 shares of the financial services provider’s stock valued at $85,115,000 after buying an additional 21,487 shares in the last quarter. Victory Capital Management Inc. boosted its stake in shares of MarketAxess Holdings by 4.3% in the second quarter. Victory Capital Management Inc. now owns 86,344 shares of the financial services provider’s stock valued at $17,364,000 after buying an additional 3,544 shares in the last quarter. TrimTabs Asset Management LLC purchased a new stake in shares of MarketAxess Holdings during the second quarter valued at $260,000. Tocqueville Asset Management L.P. purchased a new stake in shares of MarketAxess Holdings during the second quarter valued at $299,000. Finally, Columbus Circle Investors boosted its stake in shares of MarketAxess Holdings by 81.6% in the second quarter. Columbus Circle Investors now owns 133,250 shares of the financial services provider’s stock valued at $26,797,000 after buying an additional 59,859 shares in the last quarter. Institutional investors and hedge funds own 90.36% of the company’s stock.
Shares of MarketAxess Holdings, Inc. (NASDAQ MKTX) opened at 190.60 on Friday. The stock has a market capitalization of $7.15 billion, a PE ratio of 50.13 and a beta of 0.69. MarketAxess Holdings, Inc. has a 52 week low of $145.10 and a 52 week high of $211.06. The company’s 50 day moving average price is $196.45 and its 200-day moving average price is $192.74.
MarketAxess Holdings (NASDAQ:MKTX) last announced its quarterly earnings results on Wednesday, July 26th. The financial services provider reported $1.00 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.92 by $0.08. MarketAxess Holdings had a return on equity of 30.38% and a net margin of 37.46%. The firm had revenue of $97.31 million during the quarter, compared to the consensus estimate of $96.42 million. During the same period in the prior year, the firm earned $0.88 EPS. The firm’s quarterly revenue was up .7% compared to the same quarter last year. Equities research analysts predict that MarketAxess Holdings, Inc. will post $4.12 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Thursday, August 24th. Investors of record on Thursday, August 10th were issued a $0.33 dividend. The ex-dividend date was Tuesday, August 8th. This represents a $1.32 annualized dividend and a yield of 0.69%. MarketAxess Holdings’s dividend payout ratio is currently 34.65%.
Several equities research analysts have weighed in on the company. Zacks Investment Research upgraded MarketAxess Holdings from a “sell” rating to a “hold” rating in a report on Wednesday. BidaskClub cut MarketAxess Holdings from a “buy” rating to a “hold” rating in a report on Wednesday, August 16th. Raymond James Financial, Inc. upped their target price on MarketAxess Holdings from $216.00 to $219.00 and gave the stock an “outperform” rating in a report on Thursday, July 27th. Finally, Keefe, Bruyette & Woods reiterated a “buy” rating and issued a $210.00 target price on shares of MarketAxess Holdings in a report on Friday, July 14th. Four investment analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $197.17.
In other MarketAxess Holdings news, insider Nicholas Themelis sold 5,596 shares of the company’s stock in a transaction dated Friday, June 9th. The shares were sold at an average price of $200.84, for a total value of $1,123,900.64. Following the completion of the transaction, the insider now directly owns 67,763 shares of the company’s stock, valued at approximately $13,609,520.92. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Kevin M. Mcpherson sold 9,286 shares of the company’s stock in a transaction dated Monday, June 12th. The shares were sold at an average price of $201.35, for a total transaction of $1,869,736.10. Following the completion of the transaction, the insider now directly owns 90,929 shares of the company’s stock, valued at $18,308,554.15. The disclosure for this sale can be found here. Over the last quarter, insiders sold 34,882 shares of company stock valued at $6,966,237. 4.51% of the stock is owned by insiders.
MarketAxess Holdings Company 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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