PDT Partners LLC Invests $3.20 Million in MarketAxess Holdings Inc. $MKTX

PDT Partners LLC acquired a new stake in shares of MarketAxess Holdings Inc. (NASDAQ:MKTX) in the second quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 28,171 shares of the financial services provider’s stock, valued at approximately $3,197,000. PDT Partners LLC owned 0.08% of MarketAxess as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. MUFG Securities EMEA plc purchased a new position in MarketAxess in the 2nd quarter worth about $25,000. Geneos Wealth Management Inc. boosted its position in MarketAxess by 200.0% in the 1st quarter. Geneos Wealth Management Inc. now owns 120 shares of the financial services provider’s stock valued at $26,000 after buying an additional 80 shares during the period. Activest Wealth Management bought a new position in MarketAxess in the 4th quarter worth about $28,000. Pacer Advisors Inc. increased its position in shares of MarketAxess by 300.0% during the fourth quarter. Pacer Advisors Inc. now owns 280 shares of the financial services provider’s stock worth $51,000 after acquiring an additional 210 shares during the period. Finally, Westpac Banking Corp purchased a new position in shares of MarketAxess during the first quarter worth approximately $56,000. Institutional investors own 99.01% of the company’s stock.

MarketAxess Trading Up 0.0%

Shares of NASDAQ MKTX opened at $162.52 on Thursday. MarketAxess Holdings Inc. has a 1-year low of $108.75 and a 1-year high of $195.96. The business has a fifty day moving average price of $134.45 and a 200 day moving average price of $150.74. The stock has a market capitalization of $5.72 billion, a P/E ratio of 19.17, a price-to-earnings-growth ratio of 2.07 and a beta of 0.83. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.85 and a quick ratio of 1.85.

MarketAxess (NASDAQ:MKTX) last posted its earnings results on Thursday, July 30th. The financial services provider reported $1.95 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.85 by $0.10. The company had revenue of $218.41 million for the quarter, compared to analyst estimates of $216.70 million. MarketAxess had a return on equity of 22.48% and a net margin of 35.22%.The firm’s quarterly revenue was down .5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.00 earnings per share. Equities research analysts expect that MarketAxess Holdings Inc. will post 8.06 EPS for the current fiscal year.

MarketAxess Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 2nd. Investors of record on Wednesday, August 19th will be paid a dividend of $0.78 per share. This represents a $3.12 annualized dividend and a dividend yield of 1.9%. The ex-dividend date is Wednesday, August 19th. MarketAxess’s payout ratio is 36.79%.

Wall Street Analysts Forecast Growth

MKTX has been the topic of several research analyst reports. William Blair cut MarketAxess from an “outperform” rating to a “market perform” rating in a research note on Thursday, July 30th. Keefe, Bruyette & Woods reiterated a “market perform” rating and issued a $167.00 target price (up from $150.00) on shares of MarketAxess in a report on Tuesday, August 11th. UBS Group lowered MarketAxess from a “buy” rating to a “neutral” rating and cut their price target for the company from $200.00 to $167.00 in a research note on Friday, July 31st. Wall Street Zen downgraded MarketAxess from a “hold” rating to a “sell” rating in a report on Saturday, August 1st. Finally, Benchmark reaffirmed a “buy” rating on shares of MarketAxess in a research note on Wednesday, July 8th. One research analyst has rated the stock with a Buy rating, eleven have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $156.10.

About MarketAxess

MarketAxess Holdings Inc operates a leading global electronic trading platform specializing in fixed-income securities and related products. The company’s network enables institutional investors and broker-dealers to trade corporate bonds, municipal securities, emerging markets debt, U.S. Treasuries and credit default swaps in an automated, multi-dealer environment. MarketAxess also offers portfolio trading, data analytics, best-execution tools and post-trade services to streamline workflows and enhance price discovery across its marketplace.

In addition to core voice-like trading protocols, MarketAxess provides Open Trading®, an anonymous, all-to-all trading protocol designed to improve liquidity and transaction efficiency.