Daiwa Securities Group Inc. Takes Position in MarketAxess Holdings Inc. (MKTX)
Daiwa Securities Group Inc. bought a new position in shares of MarketAxess Holdings Inc. (NASDAQ:MKTX) during the second quarter, Holdings Channel reports. The institutional investor bought 1,100 shares of the company’s stock, valued at approximately $160,000.
Several other institutional investors have also made changes to their positions in the stock. Adams Diversified Equity Fund Inc. acquired a new position in shares of MarketAxess Holdings during the second quarter worth approximately $436,000. Parametrica Management Ltd purchased a new position in MarketAxess Holdings during the second quarter worth about $288,000. LS Investment Advisors LLC increased its position in MarketAxess Holdings by 73.6% in the second quarter. LS Investment Advisors LLC now owns 2,265 shares of the company’s stock worth $329,000 after buying an additional 960 shares during the period. IBM Retirement Fund purchased a new position in MarketAxess Holdings during the second quarter worth about $538,000. Finally, 1st Global Advisors Inc. increased its position in MarketAxess Holdings by 3.7% in the second quarter. 1st Global Advisors Inc. now owns 5,459 shares of the company’s stock worth $794,000 after buying an additional 193 shares during the period. Institutional investors own 92.37% of the company’s stock.
Shares of MarketAxess Holdings Inc. (NASDAQ:MKTX) traded down 0.72% during trading on Friday, hitting $159.19. The stock had a trading volume of 270,084 shares. The company has a market cap of $5.99 billion, a P/E ratio of 54.89 and a beta of 0.65. MarketAxess Holdings Inc. has a 12 month low of $86.19 and a 12 month high of $178.21. The stock has a 50-day moving average price of $168.15 and a 200 day moving average price of $146.88.
MarketAxess Holdings (NASDAQ:MKTX) last announced its earnings results on Thursday, July 28th. The company reported $0.88 EPS for the quarter, topping the Zacks’ consensus estimate of $0.85 by $0.03. The firm earned $96.60 million during the quarter, compared to analysts’ expectations of $93.98 million. MarketAxess Holdings had a return on equity of 27.14% and a net margin of 32.52%. The company’s quarterly revenue was up 27.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.64 EPS. Equities analysts expect that MarketAxess Holdings Inc. will post $3.22 EPS for the current fiscal year.
A number of equities analysts have issued reports on the company. Zacks Investment Research downgraded MarketAxess Holdings from a “hold” rating to a “sell” rating in a report on Monday, June 27th. Citigroup Inc. downgraded MarketAxess Holdings to a “market perform” rating in a report on Friday, July 15th. They noted that the move was a valuation call. Raymond James Financial Inc. downgraded MarketAxess Holdings from an “outperform” rating to a “market perform” rating in a report on Friday, July 15th. Credit Suisse Group AG reiterated a “sell” rating and issued a $106.00 price objective on shares of MarketAxess Holdings in a report on Friday, July 29th. Finally, William Blair assumed coverage on MarketAxess Holdings in a report on Monday, June 20th. They issued a “market perform” rating for the company. Three investment analysts have rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $140.75.
In related news, CEO Richard M. Mcvey sold 30,000 shares of the business’s stock in a transaction on Monday, August 8th. The stock was sold at an average price of $162.33, for a total transaction of $4,869,900.00. Following the completion of the transaction, the chief executive officer now owns 1,091,457 shares in the company, valued at approximately $177,176,214.81. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Nicholas Themelis sold 6,200 shares of the business’s stock in a transaction on Tuesday, August 23rd. The shares were sold at an average price of $165.40, for a total value of $1,025,480.00. Following the transaction, the insider now owns 70,799 shares of the company’s stock, valued at approximately $11,710,154.60. The disclosure for this sale can be found here. 4.51% of the stock is owned by insiders.
About MarketAxess Holdings
MarketAxess Holdings Inc (MarketAxess) is an electronic trading platform. The Company operates as an electronic multi-party platform for the trading of fixed-income securities and provides related data, analytics, compliance tools and post-trade services. The Company’s multi-dealer trading platform allows its institutional investor clients to request bids or offers from its broker-dealer clients and execute trades with the broker-dealer of their choice from among those that choose to respond.
Want to see what other hedge funds are holding MKTX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for MarketAxess Holdings Inc. (NASDAQ:MKTX).
Receive News & Ratings for MarketAxess Holdings Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for MarketAxess Holdings Inc. and related companies with MarketBeat.com's FREE daily email newsletter.