Pacer Advisors Inc. Lowers Stock Position in MarketAxess Holdings Inc. (NASDAQ:MKTX)

Pacer Advisors Inc. cut its holdings in shares of MarketAxess Holdings Inc. (NASDAQ:MKTXFree Report) by 2.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,017 shares of the financial services provider’s stock after selling 65 shares during the period. Pacer Advisors Inc.’s holdings in MarketAxess were worth $884,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of MKTX. Van ECK Associates Corp grew its position in MarketAxess by 146.4% in the 3rd quarter. Van ECK Associates Corp now owns 1,265,784 shares of the financial services provider’s stock valued at $270,422,000 after buying an additional 752,111 shares during the last quarter. BlackRock Inc. grew its position in MarketAxess by 18.3% in the 1st quarter. BlackRock Inc. now owns 3,928,679 shares of the financial services provider’s stock valued at $1,537,253,000 after buying an additional 608,107 shares during the last quarter. FMR LLC grew its position in MarketAxess by 385.6% in the 3rd quarter. FMR LLC now owns 545,563 shares of the financial services provider’s stock valued at $116,554,000 after buying an additional 433,217 shares during the last quarter. Norges Bank purchased a new position in MarketAxess in the 4th quarter valued at $110,636,000. Finally, Eagle Asset Management Inc. grew its position in MarketAxess by 138.8% in the 4th quarter. Eagle Asset Management Inc. now owns 627,692 shares of the financial services provider’s stock valued at $178,810,000 after buying an additional 364,829 shares during the last quarter. 99.01% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms recently weighed in on MKTX. Citigroup lifted their price objective on shares of MarketAxess from $270.00 to $300.00 and gave the company a “buy” rating in a research report on Wednesday, December 6th. William Blair restated an “outperform” rating on shares of MarketAxess in a research report on Tuesday, January 23rd. The Goldman Sachs Group decreased their target price on shares of MarketAxess from $263.00 to $225.00 and set a “neutral” rating on the stock in a research report on Thursday, February 1st. Barclays lowered shares of MarketAxess from an “overweight” rating to an “equal weight” rating and boosted their target price for the stock from $246.00 to $291.00 in a research report on Monday, January 8th. Finally, Rosenblatt Securities decreased their target price on shares of MarketAxess from $229.00 to $210.00 and set a “sell” rating on the stock in a research report on Thursday, February 1st. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $266.89.

Get Our Latest Research Report on MKTX

MarketAxess Stock Up 0.3 %

NASDAQ:MKTX opened at $214.94 on Thursday. The company has a market capitalization of $8.14 billion, a PE ratio of 31.38, a price-to-earnings-growth ratio of 3.70 and a beta of 0.98. MarketAxess Holdings Inc. has a 52-week low of $200.01 and a 52-week high of $399.78. The stock has a fifty day simple moving average of $222.78 and a 200-day simple moving average of $237.50.

MarketAxess (NASDAQ:MKTXGet Free Report) last released its quarterly earnings results on Wednesday, January 31st. The financial services provider reported $1.84 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.73 by $0.11. The business had revenue of $197.20 million during the quarter, compared to the consensus estimate of $196.70 million. MarketAxess had a return on equity of 21.76% and a net margin of 34.29%. The business’s revenue was up 10.8% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.58 EPS. As a group, equities analysts anticipate that MarketAxess Holdings Inc. will post 7.27 earnings per share for the current year.

MarketAxess Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, February 28th. Shareholders of record on Wednesday, February 14th were issued a $0.74 dividend. This represents a $2.96 dividend on an annualized basis and a yield of 1.38%. This is a positive change from MarketAxess’s previous quarterly dividend of $0.72. The ex-dividend date of this dividend was Tuesday, February 13th. MarketAxess’s dividend payout ratio is 43.21%.

Insider Buying and Selling at MarketAxess

In other MarketAxess news, CRO Kevin M. Mcpherson sold 2,000 shares of the company’s stock in a transaction dated Friday, February 16th. The shares were sold at an average price of $221.26, for a total value of $442,520.00. Following the transaction, the executive now directly owns 70,092 shares in the company, valued at approximately $15,508,555.92. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 2.00% of the stock is owned by insiders.

MarketAxess Company Profile

(Free Report)

MarketAxess Holdings Inc, together with its subsidiaries, operates an electronic trading platform for institutional investor and broker-dealer companies worldwide. The company offers trading technology that provides liquidity access in U.S. high-grade bonds, U.S. high-yield bonds, emerging market debt, eurobonds, municipal bonds, U.S.

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Institutional Ownership by Quarter for MarketAxess (NASDAQ:MKTX)

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