Raymond James Trust N.A. acquired a new stake in MarketAxess Holdings Inc. (NASDAQ:MKTX) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm acquired 623 shares of the financial services provider’s stock, valued at approximately $201,000.

A number of other large investors have also recently modified their holdings of MKTX. Norges Bank bought a new stake in MarketAxess in the 4th quarter valued at about $84,529,000. JPMorgan Chase & Co. lifted its position in MarketAxess by 737.8% in the 1st quarter. JPMorgan Chase & Co. now owns 266,565 shares of the financial services provider’s stock valued at $65,595,000 after purchasing an additional 234,747 shares during the last quarter. Ardevora Asset Management LLP acquired a new position in MarketAxess during the 1st quarter valued at about $37,715,000. AJO LP acquired a new position in MarketAxess during the 1st quarter valued at about $31,266,000. Finally, Wells Fargo & Company MN increased its stake in MarketAxess by 8.3% during the 1st quarter. Wells Fargo & Company MN now owns 1,413,736 shares of the financial services provider’s stock valued at $347,891,000 after buying an additional 107,796 shares during the period. Hedge funds and other institutional investors own 99.19% of the company’s stock.

In other MarketAxess news, insider Nicholas Themelis sold 1,489 shares of the firm’s stock in a transaction dated Friday, April 26th. The shares were sold at an average price of $265.61, for a total value of $395,493.29. Following the completion of the transaction, the insider now directly owns 53,564 shares in the company, valued at $14,227,134.04. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Kevin M. Mcpherson sold 4,000 shares of the firm’s stock in a transaction dated Wednesday, May 1st. The stock was sold at an average price of $278.50, for a total transaction of $1,114,000.00. Following the completion of the transaction, the insider now owns 87,317 shares of the company’s stock, valued at $24,317,784.50. The disclosure for this sale can be found here. Over the last quarter, insiders sold 27,591 shares of company stock valued at $7,719,158. Corporate insiders own 3.28% of the company’s stock.

Several research firms have commented on MKTX. Buckingham Research lowered their target price on shares of State Street from $83.00 to $67.00 and set a “buy” rating on the stock in a research note on Wednesday, June 12th. Barclays reissued an “underweight” rating and set a GBX 1,900 ($24.83) target price on shares of in a research note on Friday, June 28th. Zacks Investment Research raised shares of Zymeworks from a “hold” rating to a “buy” rating and set a $18.00 target price on the stock in a research note on Saturday, April 13th. BidaskClub cut shares of Vertex Pharmaceuticals from a “buy” rating to a “hold” rating in a research note on Tuesday, July 9th. Finally, Rosenblatt Securities began coverage on shares of Tradeweb Markets in a research note on Monday, April 15th. They issued a “buy” rating and a $45.00 price objective on the stock. Two analysts have rated the stock with a sell rating, six have issued a hold rating and two have issued a strong buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $240.57.

Shares of MKTX traded down $2.09 during mid-day trading on Tuesday, hitting $368.39. The company’s stock had a trading volume of 225,304 shares, compared to its average volume of 691,514. The company has a 50-day moving average of $336.42. The company has a market cap of $13.84 billion, a PE ratio of 80.61, a price-to-earnings-growth ratio of 14.11 and a beta of 0.22. The company has a debt-to-equity ratio of 0.14, a current ratio of 10.82 and a quick ratio of 10.82. MarketAxess Holdings Inc. has a fifty-two week low of $172.09 and a fifty-two week high of $373.98.

MarketAxess (NASDAQ:MKTX) last announced its quarterly earnings data on Wednesday, April 24th. The financial services provider reported $1.39 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.37 by $0.02. MarketAxess had a net margin of 39.84% and a return on equity of 29.88%. The company had revenue of $124.49 million for the quarter, compared to analysts’ expectations of $125.43 million. During the same quarter in the previous year, the company posted $1.27 EPS. The business’s revenue was up 8.5% compared to the same quarter last year. Equities research analysts forecast that MarketAxess Holdings Inc. will post 5.2 EPS for the current fiscal year.

MarketAxess Company Profile

MarketAxess Holdings Inc, together with its subsidiaries, operates an electronic trading platform that enables fixed-income market participants to trade corporate bonds and other types of fixed-income instruments worldwide. It offers institutional investor and broker-dealer firms the access to global liquidity in U.S.

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Institutional Ownership by Quarter for MarketAxess (NASDAQ:MKTX)

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