MarketAxess Holdings Inc. (MKTX) Stake Lowered by Stevens Capital Management LP

Stevens Capital Management LP decreased its position in shares of MarketAxess Holdings Inc. (NASDAQ:MKTX) by 57.8% during the first quarter, Holdings Channel reports. The institutional investor owned 5,740 shares of the financial services provider’s stock after selling 7,850 shares during the period. Stevens Capital Management LP’s holdings in MarketAxess were worth $1,412,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the company. Baillie Gifford & Co. lifted its stake in shares of MarketAxess by 0.5% in the 1st quarter. Baillie Gifford & Co. now owns 4,036,695 shares of the financial services provider’s stock valued at $993,350,000 after purchasing an additional 18,413 shares during the period. Vanguard Group Inc grew its stake in MarketAxess by 1.6% in the third quarter. Vanguard Group Inc now owns 3,174,912 shares of the financial services provider’s stock valued at $566,689,000 after acquiring an additional 48,627 shares during the period. American Century Companies Inc. lifted its holdings in shares of MarketAxess by 4.5% in the fourth quarter. American Century Companies Inc. now owns 769,769 shares of the financial services provider’s stock valued at $162,660,000 after purchasing an additional 33,172 shares in the last quarter. Ownership Capital B.V. lifted its holdings in shares of MarketAxess by 28.5% in the fourth quarter. Ownership Capital B.V. now owns 427,436 shares of the financial services provider’s stock valued at $90,322,000 after purchasing an additional 94,860 shares in the last quarter. Finally, Geode Capital Management LLC lifted its holdings in shares of MarketAxess by 7.0% in the fourth quarter. Geode Capital Management LLC now owns 410,165 shares of the financial services provider’s stock valued at $86,671,000 after purchasing an additional 26,935 shares in the last quarter. Hedge funds and other institutional investors own 99.19% of the company’s stock.

MarketAxess stock traded up $5.15 during trading hours on Tuesday, reaching $286.80. 3,865 shares of the company’s stock were exchanged, compared to its average volume of 267,966. MarketAxess Holdings Inc. has a twelve month low of $172.09 and a twelve month high of $293.91. The company has a market cap of $10.48 billion, a P/E ratio of 62.75, a PEG ratio of 10.87 and a beta of 0.24.

MarketAxess (NASDAQ:MKTX) last released its quarterly earnings results on Wednesday, April 24th. The financial services provider reported $1.39 EPS for the quarter, beating analysts’ consensus estimates of $1.37 by $0.02. MarketAxess had a net margin of 39.84% and a return on equity of 29.88%. The firm had revenue of $124.49 million during the quarter, compared to analyst estimates of $125.43 million. During the same period in the previous year, the business earned $1.27 EPS. The business’s revenue for the quarter was up 8.5% on a year-over-year basis. Analysts forecast that MarketAxess Holdings Inc. will post 5.11 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, May 22nd. Investors of record on Wednesday, May 8th will be given a $0.51 dividend. The ex-dividend date of this dividend is Tuesday, May 7th. This represents a $2.04 annualized dividend and a yield of 0.71%. MarketAxess’s dividend payout ratio (DPR) is presently 44.64%.

In other MarketAxess news, CFO Antonio L. Delise sold 8,000 shares of the company’s stock in a transaction dated Tuesday, February 19th. The shares were sold at an average price of $231.99, for a total value of $1,855,920.00. Following the sale, the chief financial officer now owns 36,901 shares in the company, valued at $8,560,662.99. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Nicholas Themelis sold 1,489 shares of the stock in a transaction that occurred on Friday, April 26th. The shares were sold at an average price of $265.61, for a total transaction of $395,493.29. Following the sale, the insider now owns 53,564 shares in the company, valued at approximately $14,227,134.04. The disclosure for this sale can be found here. Insiders sold 35,489 shares of company stock valued at $9,540,673 over the last quarter. 3.52% of the stock is owned by company insiders.

MKTX has been the topic of a number of research reports. BidaskClub upgraded MarketAxess from a “hold” rating to a “buy” rating in a report on Friday, March 22nd. Zacks Investment Research upgraded MarketAxess from a “hold” rating to a “buy” rating and set a $261.00 price target for the company in a report on Tuesday, March 19th. Barclays increased their price target on MarketAxess from $218.00 to $244.00 and gave the stock an “equal weight” rating in a report on Thursday, April 25th. Finally, Rosenblatt Securities initiated coverage on MarketAxess in a report on Monday, April 15th. They set a “neutral” rating and a $255.00 price target for the company. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the stock. MarketAxess has an average rating of “Hold” and an average price target of $232.33.

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About MarketAxess

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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