Teachers Retirement System of The State of Kentucky Cuts Stake in MarketAxess Holdings, Inc. (MKTX)
Teachers Retirement System of The State of Kentucky lessened its holdings in MarketAxess Holdings, Inc. (NASDAQ:MKTX) by 6.3% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,850 shares of the financial services provider’s stock after selling 600 shares during the quarter. Teachers Retirement System of The State of Kentucky’s holdings in MarketAxess Holdings were worth $1,780,000 as of its most recent SEC filing.
Other hedge funds have also made changes to their positions in the company. Cutler Group LP bought a new stake in shares of MarketAxess Holdings in the second quarter worth $110,000. GQG Partners LLC acquired a new position in MarketAxess Holdings during the second quarter worth $127,000. First Personal Financial Services increased its holdings in MarketAxess Holdings by 2.6% during the second quarter. First Personal Financial Services now owns 631 shares of the financial services provider’s stock worth $127,000 after buying an additional 16 shares during the last quarter. Traynor Capital Management Inc. acquired a new position in MarketAxess Holdings during the second quarter worth $203,000. Finally, Puzo Michael J acquired a new position in MarketAxess Holdings during the first quarter worth $212,000. 91.20% of the stock is currently owned by institutional investors and hedge funds.
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A number of equities analysts recently weighed in on MKTX shares. BidaskClub upgraded shares of MarketAxess Holdings from a “hold” rating to a “buy” rating in a report on Friday, June 16th. Keefe, Bruyette & Woods restated a “buy” rating and set a $210.00 target price on shares of MarketAxess Holdings in a report on Friday, July 14th. Zacks Investment Research upgraded shares of MarketAxess Holdings from a “sell” rating to a “hold” rating in a report on Wednesday, August 23rd. Finally, Raymond James Financial, Inc. boosted their target price on shares of MarketAxess Holdings from $216.00 to $219.00 and gave the stock an “outperform” rating in a report on Thursday, July 27th. Four research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company’s stock. MarketAxess Holdings has an average rating of “Buy” and an average target price of $192.40.
In other MarketAxess Holdings news, CEO Richard M. Mcvey sold 20,000 shares of the firm’s stock in a transaction on Tuesday, August 8th. The stock was sold at an average price of $198.63, for a total transaction of $3,972,600.00. Following the transaction, the chief executive officer now directly owns 1,108,142 shares in the company, valued at approximately $220,110,245.46. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 4.02% of the stock is currently owned by company insiders.
MarketAxess Holdings, Inc. (NASDAQ:MKTX) opened at 184.04 on Thursday. The company’s 50-day moving average is $184.73 and its 200-day moving average is $190.93. MarketAxess Holdings, Inc. has a one year low of $145.10 and a one year high of $211.06. The firm has a market capitalization of $6.91 billion, a P/E ratio of 48.41 and a beta of 0.71.
MarketAxess Holdings (NASDAQ:MKTX) last issued its quarterly earnings data on Wednesday, July 26th. The financial services provider reported $1.00 earnings per share for the quarter, beating the consensus estimate of $0.92 by $0.08. MarketAxess Holdings had a return on equity of 30.38% and a net margin of 37.46%. The business had revenue of $97.31 million for the quarter, compared to analysts’ expectations of $96.42 million. During the same period last year, the business earned $0.88 EPS. The business’s revenue was up .7% on a year-over-year basis. Equities analysts forecast that MarketAxess Holdings, Inc. will post $4.07 earnings per share for the current fiscal year.
About MarketAxess Holdings
MarketAxess Holdings Inc operates an electronic trading platform that enables fixed-income market participants to trade corporate bonds and other types of fixed-income instruments using its trading technology. Institutional investor and broker-dealer firms are users of trading platform, accessing global liquidity in the United States corporate bonds, emerging markets and high-yield bonds, European bonds, the United States agency bonds, municipal bonds, credit default swaps and other fixed-income securities.
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