Oppenheimer Asset Management Inc. lifted its stake in shares of MarketAxess Holdings Inc. (NASDAQ:MKTX – Get Rating) by 210.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 3,385 shares of the financial services provider’s stock after buying an additional 2,295 shares during the period. Oppenheimer Asset Management Inc.’s holdings in MarketAxess were worth $944,000 at the end of the most recent quarter.
A number of other hedge funds have also bought and sold shares of the business. Czech National Bank lifted its holdings in MarketAxess by 0.7% during the fourth quarter. Czech National Bank now owns 4,405 shares of the financial services provider’s stock worth $1,229,000 after acquiring an additional 31 shares during the period. Nisa Investment Advisors LLC lifted its holdings in MarketAxess by 0.4% during the fourth quarter. Nisa Investment Advisors LLC now owns 9,215 shares of the financial services provider’s stock worth $2,570,000 after acquiring an additional 33 shares during the period. State of Alaska Department of Revenue lifted its holdings in MarketAxess by 0.7% during the fourth quarter. State of Alaska Department of Revenue now owns 5,264 shares of the financial services provider’s stock worth $1,468,000 after acquiring an additional 35 shares during the period. Formidable Asset Management LLC lifted its holdings in MarketAxess by 2.4% during the third quarter. Formidable Asset Management LLC now owns 1,732 shares of the financial services provider’s stock worth $385,000 after acquiring an additional 41 shares during the period. Finally, Crossmark Global Holdings Inc. lifted its holdings in MarketAxess by 1.1% during the third quarter. Crossmark Global Holdings Inc. now owns 3,941 shares of the financial services provider’s stock worth $877,000 after acquiring an additional 43 shares during the period. 96.78% of the stock is currently owned by institutional investors.
Analyst Upgrades and Downgrades
Several analysts have issued reports on MKTX shares. StockNews.com started coverage on MarketAxess in a research note on Thursday, March 16th. They issued a “hold” rating on the stock. Atlantic Securities upgraded MarketAxess from a “neutral” rating to an “overweight” rating and boosted their target price for the company from $321.00 to $403.00 in a research note on Thursday, March 2nd. Citigroup boosted their target price on MarketAxess from $360.00 to $415.00 and gave the company a “buy” rating in a research note on Thursday, January 26th. Deutsche Bank Aktiengesellschaft boosted their target price on MarketAxess from $302.00 to $308.00 in a research note on Thursday, April 27th. Finally, 888 restated a “maintains” rating on shares of MarketAxess in a research note on Thursday, April 27th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, MarketAxess currently has an average rating of “Hold” and an average price target of $334.10.
MarketAxess Stock Performance
MarketAxess (NASDAQ:MKTX – Get Rating) last posted its earnings results on Wednesday, April 26th. The financial services provider reported $1.96 EPS for the quarter, topping the consensus estimate of $1.90 by $0.06. MarketAxess had a return on equity of 24.55% and a net margin of 35.23%. The business had revenue of $203.20 million during the quarter, compared to analysts’ expectations of $200.36 million. During the same period in the previous year, the business earned $1.73 earnings per share. The firm’s revenue was up 9.2% on a year-over-year basis. Equities analysts predict that MarketAxess Holdings Inc. will post 7.64 EPS for the current fiscal year.
MarketAxess Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 24th. Investors of record on Wednesday, May 10th will be given a dividend of $0.72 per share. This represents a $2.88 annualized dividend and a yield of 0.96%. The ex-dividend date of this dividend is Tuesday, May 9th. MarketAxess’s payout ratio is 41.74%.
Insider Buying and Selling
In related news, insider Christophe Pierre Danie Roupie sold 604 shares of the business’s stock in a transaction dated Friday, March 3rd. The stock was sold at an average price of $366.58, for a total transaction of $221,414.32. Following the completion of the transaction, the insider now directly owns 5,882 shares in the company, valued at $2,156,223.56. The transaction was disclosed in a document filed with the SEC, which is available through this link. In other news, Director Steven L. Begleiter sold 1,000 shares of the business’s stock in a transaction dated Tuesday, February 7th. The stock was sold at an average price of $348.73, for a total value of $348,730.00. Following the completion of the sale, the director now owns 8,538 shares of the company’s stock, valued at approximately $2,977,456.74. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Christophe Pierre Danie Roupie sold 604 shares of the business’s stock in a transaction dated Friday, March 3rd. The shares were sold at an average price of $366.58, for a total value of $221,414.32. Following the completion of the sale, the insider now directly owns 5,882 shares of the company’s stock, valued at approximately $2,156,223.56. The disclosure for this sale can be found here. Insiders sold a total of 1,854 shares of company stock worth $659,844 over the last ninety days. 1.94% of the stock is owned by corporate insiders.
MarketAxess Profile
MarketAxess Holdings, Inc engages in an electronic trading platform that allows investment industry professionals to trade corporate bonds and other types of fixed-income instruments. It operates through the Americas, Europe, and Asia geographical segments. The company was founded by Richard Mitchell Mcvey on April 11, 2000, and is headquartered in New York, NY.
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