MarketAxess Holdings, Inc. (MKTX) Holdings Decreased by Nationwide Fund Advisors
Nationwide Fund Advisors reduced its position in MarketAxess Holdings, Inc. (NASDAQ:MKTX) by 10.3% 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 216,025 shares of the financial services provider’s stock after selling 24,925 shares during the quarter. Nationwide Fund Advisors owned approximately 0.58% of MarketAxess Holdings worth $43,443,000 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 MKTX. Cutler Group LP bought a new position in shares of MarketAxess Holdings in the second quarter worth approximately $110,000. First Personal Financial Services boosted its position in shares of MarketAxess Holdings by 2.6% in the second quarter. First Personal Financial Services now owns 631 shares of the financial services provider’s stock worth $127,000 after purchasing an additional 16 shares during the period. Traynor Capital Management Inc. bought a new position in shares of MarketAxess Holdings in the second quarter worth approximately $203,000. Puzo Michael J bought a new position in shares of MarketAxess Holdings in the first quarter worth approximately $212,000. Finally, Gardiner Nancy B purchased a new position in shares of MarketAxess Holdings in the first quarter worth $224,000. Institutional investors and hedge funds own 91.13% of the company’s stock.
MarketAxess Holdings, Inc. (NASDAQ MKTX) traded down 0.8090% during trading on Thursday, hitting $179.3070. 49,752 shares of the stock traded hands. MarketAxess Holdings, Inc. has a 52-week low of $145.10 and a 52-week high of $211.06. The stock has a market cap of $6.73 billion, a P/E ratio of 47.1612 and a beta of 0.70. The stock has a 50 day moving average price of $193.67 and a 200-day moving average price of $192.23.
MarketAxess Holdings (NASDAQ:MKTX) last issued its quarterly earnings data on Wednesday, July 26th. The financial services provider reported $1.00 EPS for the quarter, topping analysts’ consensus estimates of $0.92 by $0.08. The business had revenue of $97.31 million for the quarter, compared to analysts’ expectations of $96.42 million. MarketAxess Holdings had a net margin of 37.46% and a return on equity of 30.38%. The business’s revenue was up .7% on a year-over-year basis. During the same quarter last year, the company earned $0.88 EPS. On average, analysts anticipate that MarketAxess Holdings, Inc. will post $4.11 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 24th. Stockholders of record on Thursday, August 10th were paid a dividend of $0.33 per share. The ex-dividend date of this dividend was Tuesday, August 8th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 0.73%. MarketAxess Holdings’s payout ratio is 34.65%.
MKTX has been the topic of several research analyst reports. BidaskClub raised shares of MarketAxess Holdings from a “hold” rating to a “buy” rating in a report on Friday, June 16th. Keefe, Bruyette & Woods reissued a “buy” rating and issued a $210.00 target price on shares of MarketAxess Holdings in a report on Friday, July 14th. Zacks Investment Research downgraded shares of MarketAxess Holdings from a “buy” rating to a “hold” rating in a report on Tuesday, June 27th. Finally, Raymond James Financial, Inc. boosted their target price on shares of MarketAxess Holdings from $216.00 to $219.00 and gave the stock an “outperform” rating in a report on Thursday, July 27th. Four investment analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company’s stock. MarketAxess Holdings presently has a consensus rating of “Buy” and a consensus target price of $197.17.
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In related news, CEO Richard M. Mcvey sold 20,000 shares of MarketAxess Holdings stock in a transaction on Tuesday, August 8th. The shares were sold at an average price of $198.63, for a total value of $3,972,600.00. Following the sale, the chief executive officer now owns 1,108,142 shares of the company’s stock, valued at approximately $220,110,245.46. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 4.51% of the stock is owned by company insiders.
About MarketAxess Holdings
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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