Pacer Advisors Inc. Has $1.11 Million Stake in MarketAxess Holdings, Inc. (MKTX)
Pacer Advisors Inc. raised its stake in MarketAxess Holdings, Inc. (NASDAQ:MKTX) by 11.4% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 5,523 shares of the financial services provider’s stock after buying an additional 564 shares during the period. Pacer Advisors Inc.’s holdings in MarketAxess Holdings were worth $1,111,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Cutler Group LP acquired a new position in shares of MarketAxess Holdings during the second quarter valued at approximately $110,000. First Personal Financial Services raised 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 valued at $127,000 after buying an additional 16 shares during the period. Traynor Capital Management Inc. acquired a new position in shares of MarketAxess Holdings during the second quarter valued at approximately $203,000. Puzo Michael J acquired a new position in shares of MarketAxess Holdings during the first quarter valued at approximately $212,000. Finally, Gardiner Nancy B acquired a new position in shares of MarketAxess Holdings during the first quarter valued at approximately $224,000. Institutional investors own 91.13% of the company’s stock.
MarketAxess Holdings, Inc. (MKTX) opened at 189.92 on Tuesday. The firm has a market capitalization of $7.13 billion, a price-to-earnings ratio of 49.95 and a beta of 0.69. The company has a 50-day moving average of $196.45 and a 200-day moving average of $192.74. MarketAxess Holdings, Inc. has a 1-year low of $145.10 and a 1-year high of $211.06.
MarketAxess Holdings (NASDAQ:MKTX) last issued its quarterly earnings data on Wednesday, July 26th. The financial services provider reported $1.00 earnings per share for the quarter, beating the consensus estimate 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 return on equity of 30.38% and a net margin of 37.46%. The business’s revenue was up .7% on a year-over-year basis. During the same period last year, the business earned $0.88 EPS. On average, equities analysts predict that MarketAxess Holdings, Inc. will post $4.12 earnings per share for the current year.
The firm also recently announced 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. This represents a $1.32 dividend on an annualized basis and a dividend yield of 0.70%. The ex-dividend date of this dividend was Tuesday, August 8th. MarketAxess Holdings’s payout ratio is 34.65%.
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Several brokerages have recently commented on MKTX. Raymond James Financial, Inc. increased their price target on shares of MarketAxess Holdings from $216.00 to $219.00 and gave the stock an “outperform” rating in a research note on Thursday, July 27th. BidaskClub lowered shares of MarketAxess Holdings from a “buy” rating to a “hold” rating in a research note on Wednesday, August 16th. Zacks Investment Research upgraded shares of MarketAxess Holdings from a “sell” rating to a “hold” rating in a research note on Wednesday, August 23rd. Finally, Keefe, Bruyette & Woods reiterated a “buy” rating and issued a $210.00 target price on shares of MarketAxess Holdings in a research note on Friday, July 14th. 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 has an average rating of “Buy” and a consensus target price of $197.17.
In other news, insider Nicholas Themelis sold 5,596 shares of MarketAxess Holdings stock in a transaction on Friday, June 9th. The stock was sold at an average price of $200.84, for a total transaction of $1,123,900.64. Following the sale, the insider now directly owns 67,763 shares in the company, valued at approximately $13,609,520.92. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, 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 value of $3,972,600.00. Following the sale, the chief executive officer now owns 1,108,142 shares in the company, valued at $220,110,245.46. The disclosure for this sale can be found here. Insiders have sold a total of 34,882 shares of company stock worth $6,966,237 over the last quarter. Company insiders own 4.51% of the company’s stock.
MarketAxess Holdings 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.
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