IBM Retirement Fund decreased its position in shares of MarketAxess Holdings, Inc. (NASDAQ:MKTX) by 6.6% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,457 shares of the company’s stock after selling 245 shares during the period. IBM Retirement Fund’s holdings in MarketAxess Holdings were worth $572,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently bought and sold shares of MKTX. Scout Investments Inc. bought a new position in MarketAxess Holdings during the second quarter worth $19,502,000. GW&K Investment Management LLC raised its position in MarketAxess Holdings by 5.6% in the third quarter. GW&K Investment Management LLC now owns 697,740 shares of the company’s stock worth $115,539,000 after buying an additional 36,836 shares during the period. Nordea Investment Management AB raised its position in MarketAxess Holdings by 240.1% in the second quarter. Nordea Investment Management AB now owns 4,289 shares of the company’s stock worth $624,000 after buying an additional 3,028 shares during the period. Insight Capital Research & Management Inc. bought a new position in MarketAxess Holdings during the third quarter worth $1,665,000. Finally, Daiwa Securities Group Inc. bought a new position in MarketAxess Holdings during the second quarter worth $160,000. 89.95% of the stock is owned by institutional investors.

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

Shares of MarketAxess Holdings, Inc. (NASDAQ:MKTX) traded up 0.32% during mid-day trading on Friday, hitting $156.85. The company had a trading volume of 189,607 shares. The company has a 50-day moving average price of $160.82 and a 200-day moving average price of $159.28. MarketAxess Holdings, Inc. has a 1-year low of $98.00 and a 1-year high of $178.21. The company has a market capitalization of $5.89 billion, a price-to-earnings ratio of 50.43 and a beta of 0.65.

MarketAxess Holdings (NASDAQ:MKTX) last released its earnings results on Wednesday, October 26th. The company reported $0.82 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.78 by $0.04. MarketAxess Holdings had a net margin of 33.37% and a return on equity of 27.83%. The business had revenue of $90.30 million for the quarter, compared to analyst estimates of $90.51 million. During the same period last year, the company posted $0.60 EPS. The business’s revenue was up 21.7% on a year-over-year basis. On average, equities analysts anticipate that MarketAxess Holdings, Inc. will post $3.29 EPS for the current year.

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A number of research analysts recently weighed in on MKTX shares. Zacks Investment Research raised MarketAxess Holdings from a “hold” rating to a “buy” rating and set a $190.00 price objective for the company in a research report on Thursday, September 15th. Credit Suisse Group began coverage on MarketAxess Holdings in a research report on Monday, November 21st. They set a “sell” rating for the company. Goldman Sachs Group, Inc. (The) began coverage on MarketAxess Holdings in a report on Friday, January 6th. They issued a “conviction-buy” rating and a $185.00 target price for the company. Finally, Raymond James Financial, Inc. raised MarketAxess Holdings from a “market perform” rating to an “outperform” rating and set a $175.00 target price for the company in a report on Tuesday, January 3rd. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. MarketAxess Holdings presently has an average rating of “Hold” and a consensus target price of $158.83.

About MarketAxess Holdings

MarketAxess Holdings Inc (MarketAxess) is an electronic trading platform. The Company operates as an electronic multi-party platform for the trading of fixed-income securities and provides related data, analytics, compliance tools and post-trade services. The Company’s multi-dealer trading platform allows its institutional investor clients to request bids or offers from its broker-dealer clients and execute trades with the broker-dealer of their choice from among those that choose to respond.

5 Day Chart for NASDAQ:MKTX

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