State of Alaska Department of Revenue trimmed its position in shares of MarketAxess Holdings Inc. (NASDAQ:MKTX) by 5.4% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,277 shares of the financial services provider’s stock after selling 245 shares during the period. State of Alaska Department of Revenue’s holdings in MarketAxess were worth $1,052,000 as of its most recent SEC filing.
Other hedge funds have also recently added to or reduced their stakes in the company. Townsquare Capital LLC bought a new stake in MarketAxess during the fourth quarter valued at about $235,000. TIAA CREF Investment Management LLC boosted its holdings in MarketAxess by 0.7% during the third quarter. TIAA CREF Investment Management LLC now owns 89,153 shares of the financial services provider’s stock valued at $15,913,000 after acquiring an additional 622 shares during the period. Peregrine Capital Management LLC boosted its holdings in MarketAxess by 2.6% during the fourth quarter. Peregrine Capital Management LLC now owns 65,390 shares of the financial services provider’s stock valued at $13,818,000 after acquiring an additional 1,628 shares during the period. Jane Street Group LLC bought a new stake in MarketAxess during the third quarter valued at about $378,000. Finally, Campbell Newman Asset Management Inc. boosted its holdings in MarketAxess by 11.6% during the fourth quarter. Campbell Newman Asset Management Inc. now owns 2,662 shares of the financial services provider’s stock valued at $563,000 after acquiring an additional 277 shares during the period. Institutional investors own 99.19% of the company’s stock.
In related news, Director John Steinhardt sold 3,187 shares of the stock in a transaction dated Tuesday, February 5th. The shares were sold at an average price of $215.62, for a total value of $687,180.94. Following the completion of the transaction, the director now owns 24,899 shares of the company’s stock, valued at $5,368,722.38. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Antonio L. Delise sold 8,000 shares of the stock in a transaction dated Tuesday, February 19th. The stock was sold at an average price of $231.99, for a total transaction of $1,855,920.00. Following the completion of the transaction, the chief financial officer now directly owns 36,901 shares of the company’s stock, valued at approximately $8,560,662.99. The disclosure for this sale can be found here. In the last quarter, insiders sold 31,187 shares of company stock valued at $6,961,901. 3.52% of the stock is owned by corporate insiders.
MarketAxess (NASDAQ:MKTX) last released its earnings results on Wednesday, January 30th. The financial services provider reported $1.21 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.15 by $0.06. MarketAxess had a net margin of 39.69% and a return on equity of 30.31%. The business had revenue of $112.44 million during the quarter, compared to analysts’ expectations of $112.37 million. During the same quarter last year, the company earned $0.88 earnings per share. The firm’s revenue was up 14.1% on a year-over-year basis. On average, research analysts forecast that MarketAxess Holdings Inc. will post 5.12 EPS for the current year.
Several equities research analysts recently weighed in on the stock. BidaskClub upgraded shares of MarketAxess from a “hold” rating to a “buy” rating in a research note on Friday, March 22nd. Rosenblatt Securities assumed coverage on shares of MarketAxess in a research note on Monday, April 15th. They issued a “neutral” rating and a $255.00 target price for the company. Zacks Investment Research upgraded shares of MarketAxess from a “sell” rating to a “hold” rating in a research note on Saturday, April 13th. Finally, Buckingham Research assumed coverage on shares of MarketAxess in a research note on Thursday, January 10th. They issued a “neutral” rating for the company. One analyst has rated the stock with a sell rating, seven have given a hold rating, one has given a buy rating and one has issued a strong buy rating to the stock. MarketAxess has an average rating of “Hold” and a consensus target price of $224.67.
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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