World Asset Management Inc Purchases 85 Shares of MarketAxess Holdings, Inc. (MKTX)
World Asset Management Inc boosted its position in shares of MarketAxess Holdings, Inc. (NASDAQ:MKTX) by 3.2% during the second quarter, according to its most recent 13F filing with the SEC. The fund owned 2,722 shares of the financial services provider’s stock after buying an additional 85 shares during the period. World Asset Management Inc’s holdings in MarketAxess Holdings were worth $547,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Cutler Group LP purchased a new position in shares of MarketAxess Holdings during the second quarter worth approximately $110,000. Puzo Michael J purchased a new position in shares of MarketAxess Holdings during the first quarter worth approximately $212,000. Gardiner Nancy B purchased a new position in shares of MarketAxess Holdings during the first quarter worth approximately $224,000. Independence Trust CO purchased a new position in shares of MarketAxess Holdings during the first quarter worth approximately $240,000. Finally, WMS Partners LLC purchased a new position in shares of MarketAxess Holdings during the first quarter worth approximately $243,000. 90.05% of the stock is currently owned by hedge funds and other institutional investors.
Shares of MarketAxess Holdings, Inc. (NASDAQ:MKTX) opened at 199.05 on Thursday. MarketAxess Holdings, Inc. has a one year low of $145.10 and a one year high of $211.06. The company’s 50-day moving average price is $199.36 and its 200-day moving average price is $191.75. The stock has a market cap of $7.47 billion, a PE ratio of 52.35 and a beta of 0.69.
MarketAxess Holdings (NASDAQ:MKTX) last released its quarterly earnings results on Wednesday, July 26th. The financial services provider reported $1.00 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.92 by $0.08. MarketAxess Holdings had a return on equity of 30.38% and a net margin of 37.46%. The business had revenue of $97.31 million during the quarter, compared to analyst estimates of $96.42 million. During the same quarter in the previous year, the company posted $0.88 earnings per share. MarketAxess Holdings’s revenue for the quarter was up .7% on a year-over-year basis. Equities research analysts anticipate that MarketAxess Holdings, Inc. will post $4.12 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, August 24th. Shareholders of record on Thursday, August 10th will be issued a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a yield of 0.66%. The ex-dividend date is Tuesday, August 8th. MarketAxess Holdings’s dividend payout ratio is presently 34.65%.
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A number of research analysts have recently commented on the company. Raymond James Financial, Inc. upped their price target on MarketAxess Holdings from $216.00 to $219.00 and gave the company an “outperform” rating in a research report on Thursday, July 27th. BidaskClub raised MarketAxess Holdings from a “hold” rating to a “buy” rating in a research report on Monday, July 31st. Zacks Investment Research cut MarketAxess Holdings from a “hold” rating to a “sell” rating in a research report on Monday, July 10th. Finally, Keefe, Bruyette & Woods reaffirmed a “buy” rating and set a $210.00 price target on shares of MarketAxess Holdings in a research report on Friday, July 14th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $197.17.
In other MarketAxess Holdings news, Director Stephen P. Casper sold 230 shares of the business’s stock in a transaction dated Wednesday, May 17th. The stock was sold at an average price of $184.70, for a total transaction of $42,481.00. Following the completion of the sale, the director now owns 50,464 shares of the company’s stock, valued at $9,320,700.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Nicholas Themelis sold 5,596 shares of the business’s stock in a transaction dated Friday, June 9th. The shares were sold at an average price of $200.84, for a total value of $1,123,900.64. Following the sale, the insider now directly owns 67,763 shares of the company’s stock, valued at approximately $13,609,520.92. The disclosure for this sale can be found here. Insiders have sold 15,112 shares of company stock valued at $3,036,118 in the last three months. 4.51% of the stock is currently owned by corporate 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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