MarketAxess Holdings Inc. (NASDAQ:MKTX) Shares Acquired by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC lifted its holdings in shares of MarketAxess Holdings Inc. (NASDAQ:MKTX) by 0.5% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,340 shares of the financial services provider’s stock after acquiring an additional 40 shares during the quarter. Nisa Investment Advisors LLC’s holdings in MarketAxess were worth $2,359,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also bought and sold shares of the stock. Alpine Global Management LLC bought a new stake in shares of MarketAxess in the 2nd quarter worth about $1,543,000. CENTRAL TRUST Co increased its position in shares of MarketAxess by 41.1% in the 2nd quarter. CENTRAL TRUST Co now owns 995 shares of the financial services provider’s stock worth $353,000 after purchasing an additional 290 shares during the last quarter. Evolution Wealth Advisors LLC bought a new stake in shares of MarketAxess in the 2nd quarter worth about $78,000. Xact Kapitalforvaltning AB increased its position in shares of MarketAxess by 5.2% in the 2nd quarter. Xact Kapitalforvaltning AB now owns 6,044 shares of the financial services provider’s stock worth $1,943,000 after purchasing an additional 300 shares during the last quarter. Finally, XR Securities LLC bought a new stake in shares of MarketAxess in the 2nd quarter worth about $219,000. Institutional investors and hedge funds own 99.19% of the company’s stock.

Shares of NASDAQ:MKTX traded down $1.29 during trading on Friday, reaching $339.01. 3,699 shares of the company’s stock traded hands, compared to its average volume of 342,390. The company has a debt-to-equity ratio of 0.14, a current ratio of 10.05 and a quick ratio of 10.05. MarketAxess Holdings Inc. has a 12 month low of $172.09 and a 12 month high of $373.98. The company’s 50 day moving average is $340.43. The stock has a market cap of $12.69 billion, a PE ratio of 74.46 and a beta of 0.22.

MarketAxess (NASDAQ:MKTX) last announced its quarterly earnings data on Wednesday, July 24th. The financial services provider reported $1.27 earnings per share for the quarter, missing analysts’ consensus estimates of $1.30 by ($0.03). MarketAxess had a net margin of 39.89% and a return on equity of 29.85%. The business had revenue of $125.50 million for the quarter, compared to the consensus estimate of $126.06 million. During the same period in the prior year, the company earned $1.07 EPS. MarketAxess’s quarterly revenue was up 17.4% on a year-over-year basis. On average, research analysts anticipate that MarketAxess Holdings Inc. will post 5.17 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 21st. Investors of record on Wednesday, August 7th will be given a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a dividend yield of 0.60%. The ex-dividend date of this dividend is Tuesday, August 6th. MarketAxess’s dividend payout ratio is presently 44.64%.

Several equities research analysts have recently weighed in on the stock. ValuEngine downgraded shares of MarketAxess from a “strong-buy” rating to a “buy” rating in a research report on Thursday. Zacks Investment Research raised shares of MarketAxess from a “sell” rating to a “hold” rating in a research report on Saturday, April 13th. Buckingham Research downgraded shares of MarketAxess from a “neutral” rating to an “underperform” rating and set a $245.00 price objective for the company. in a research report on Wednesday, June 12th. Barclays boosted their price objective on shares of MarketAxess from $244.00 to $289.00 and gave the company an “equal weight” rating in a research report on Friday, June 28th. Finally, BidaskClub raised shares of MarketAxess from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, July 9th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating, one has assigned a buy rating and one has given a strong buy rating to the stock. MarketAxess presently has a consensus rating of “Hold” and an average price target of $262.50.

In other MarketAxess news, Director Stephen P. Casper sold 102 shares of the business’s stock in a transaction dated Friday, June 7th. The shares were sold at an average price of $337.30, for a total transaction of $34,404.60. Following the completion of the transaction, the director now directly owns 13,157 shares of the company’s stock, valued at approximately $4,437,856.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Richard M. Mcvey sold 20,000 shares of the business’s stock in a transaction dated Wednesday, May 8th. The shares were sold at an average price of $281.14, for a total transaction of $5,622,800.00. Following the transaction, the chief executive officer now directly owns 1,006,289 shares of the company’s stock, valued at $282,908,089.46. The disclosure for this sale can be found here. 3.28% of the stock is owned by corporate insiders.

MarketAxess Profile

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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