Oppenheimer Asset Management Inc. cut its holdings in shares of MarketAxess Holdings, Inc. (NASDAQ:MKTX) by 6.6% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 9,559 shares of the financial services provider’s stock after selling 679 shares during the period. Oppenheimer Asset Management Inc.’s holdings in MarketAxess were worth $1,764,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. AHL Partners LLP bought a new stake in shares of MarketAxess during the second quarter worth about $338,000. Marshall Wace North America L.P. bought a new stake in shares of MarketAxess during the second quarter worth about $1,506,000. Prudential Financial Inc. increased its position in shares of MarketAxess by 328.8% during the second quarter. Prudential Financial Inc. now owns 137,410 shares of the financial services provider’s stock worth $27,634,000 after acquiring an additional 105,366 shares in the last quarter. Victory Capital Management Inc. increased its position in shares of MarketAxess by 4.3% during the second quarter. Victory Capital Management Inc. now owns 86,344 shares of the financial services provider’s stock worth $17,364,000 after acquiring an additional 3,544 shares in the last quarter. Finally, Pacer Advisors Inc. increased its position in shares of MarketAxess by 11.4% during the second quarter. Pacer Advisors Inc. now owns 5,523 shares of the financial services provider’s stock worth $1,111,000 after acquiring an additional 564 shares in the last quarter. 92.84% of the stock is owned by institutional investors.

MarketAxess Holdings, Inc. (NASDAQ MKTX) opened at $197.21 on Wednesday. MarketAxess Holdings, Inc. has a twelve month low of $145.10 and a twelve month high of $211.06. The firm has a market cap of $7,388.02, a PE ratio of 50.60 and a beta of 0.69.

MarketAxess (NASDAQ:MKTX) last released its quarterly earnings results on Wednesday, October 25th. The financial services provider reported $0.90 earnings per share for the quarter, hitting the consensus estimate of $0.90. MarketAxess had a net margin of 37.67% and a return on equity of 30.12%. The business had revenue of $96.70 million for the quarter, compared to analysts’ expectations of $96.35 million. During the same period in the previous year, the company earned $0.82 earnings per share. The firm’s revenue for the quarter was up 7.1% compared to the same quarter last year. analysts forecast that MarketAxess Holdings, Inc. will post 3.91 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Wednesday, November 22nd. Investors of record on Wednesday, November 8th were issued a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a yield of 0.67%. The ex-dividend date was Tuesday, November 7th. MarketAxess’s dividend payout ratio (DPR) is presently 33.93%.

MarketAxess declared that its board has authorized a share buyback plan on Wednesday, October 25th that authorizes the company to repurchase $100.00 million in outstanding shares. This repurchase authorization authorizes the financial services provider to repurchase shares of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s leadership believes its shares are undervalued.

MKTX has been the subject of several recent research reports. Zacks Investment Research raised shares of MarketAxess from a “sell” rating to a “hold” rating in a research report on Monday, September 11th. BidaskClub downgraded shares of MarketAxess from a “buy” rating to a “hold” rating in a research report on Wednesday, August 16th. Four research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $192.40.

In related news, Director Stephen P. Casper sold 2,000 shares of the business’s stock in a transaction dated Wednesday, November 29th. The shares were sold at an average price of $195.84, for a total transaction of $391,680.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Richard M. Mcvey sold 35,000 shares of the business’s stock in a transaction dated Wednesday, November 8th. The stock was sold at an average price of $178.29, for a total transaction of $6,240,150.00. Following the transaction, the chief executive officer now owns 1,113,076 shares in the company, valued at $198,450,320.04. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 50,225 shares of company stock worth $8,955,630. 4.02% of the stock is owned by corporate insiders.

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MarketAxess 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.

Institutional Ownership by Quarter for MarketAxess (NASDAQ:MKTX)

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