MarketAxess Holdings, Inc. (MKTX) Holdings Boosted by State Street Corp

State Street Corp grew its position in MarketAxess Holdings, Inc. (NASDAQ:MKTX) by 0.4% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 984,978 shares of the financial services provider’s stock after purchasing an additional 4,168 shares during the quarter. State Street Corp owned approximately 2.62% of MarketAxess Holdings worth $198,075,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. BlackRock Inc. boosted its position in shares of MarketAxess Holdings by 2.1% in the second quarter. BlackRock Inc. now owns 3,063,588 shares of the financial services provider’s stock worth $616,087,000 after purchasing an additional 62,914 shares during the period. Vanguard Group Inc. boosted its position in shares of MarketAxess Holdings by 1.4% in the second quarter. Vanguard Group Inc. now owns 2,894,267 shares of the financial services provider’s stock worth $582,038,000 after purchasing an additional 38,702 shares during the period. Baillie Gifford & Co. boosted its position in shares of MarketAxess Holdings by 5.1% in the second quarter. Baillie Gifford & Co. now owns 2,752,949 shares of the financial services provider’s stock worth $553,618,000 after purchasing an additional 134,588 shares during the period. Franklin Resources Inc. boosted its position in shares of MarketAxess Holdings by 8.4% in the second quarter. Franklin Resources Inc. now owns 869,065 shares of the financial services provider’s stock worth $174,782,000 after purchasing an additional 67,254 shares during the period. Finally, Kayne Anderson Rudnick Investment Management LLC boosted its position in shares of MarketAxess Holdings by 10.2% in the second quarter. Kayne Anderson Rudnick Investment Management LLC now owns 840,526 shares of the financial services provider’s stock worth $169,031,000 after purchasing an additional 77,588 shares during the period. Institutional investors and hedge funds own 91.19% of the company’s stock.

A number of equities analysts have weighed in on MKTX shares. BidaskClub upgraded shares of MarketAxess Holdings from a “hold” rating to a “buy” rating in a research report on Monday, July 31st. Keefe, Bruyette & Woods reiterated a “buy” rating and issued a $210.00 price target on shares of MarketAxess Holdings in a research report on Friday, July 14th. Zacks Investment Research upgraded shares of MarketAxess Holdings from a “sell” rating to a “hold” rating in a research report on Monday, September 11th. Finally, Raymond James Financial, Inc. upped their price target on shares of MarketAxess Holdings from $216.00 to $219.00 and gave the stock an “outperform” rating in a research report on Thursday, July 27th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, three have assigned a buy rating and one has given a strong buy rating to the stock. The company presently has an average 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 stock was 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 transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 4.02% of the stock is owned by insiders.

MarketAxess Holdings, Inc. (NASDAQ:MKTX) opened at 191.39 on Wednesday. MarketAxess Holdings, Inc. has a 52-week low of $145.10 and a 52-week high of $211.06. The firm’s 50-day moving average is $183.99 and its 200-day moving average is $191.10. The company has a market cap of $7.18 billion, a PE ratio of 50.34 and a beta of 0.71.

MarketAxess Holdings (NASDAQ:MKTX) last posted its quarterly earnings results on Wednesday, July 26th. The financial services provider reported $1.00 EPS for the quarter, topping 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 business had revenue of $97.31 million for the quarter, compared to analyst estimates of $96.42 million. During the same quarter in the previous year, the firm earned $0.88 EPS. The company’s quarterly revenue was up .7% compared to the same quarter last year. On average, equities research analysts anticipate that MarketAxess Holdings, Inc. will post $4.02 EPS for the current year.

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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.

Institutional Ownership by Quarter for MarketAxess Holdings (NASDAQ:MKTX)

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