Capstone Asset Management Co. Has $1.02 Million Stake in MarketAxess Holdings, Inc. (NASDAQ:MKTX)
Capstone Asset Management Co. boosted its position in MarketAxess Holdings, Inc. (NASDAQ:MKTX) by 1.1% during the second quarter, Holdings Channel reports. The fund owned 5,056 shares of the financial services provider’s stock after buying an additional 57 shares during the period. Capstone Asset Management Co.’s holdings in MarketAxess Holdings were worth $1,017,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors have also recently modified their holdings of MKTX. BlackRock Inc. boosted its stake in MarketAxess Holdings by 16,586.2% in the first quarter. BlackRock Inc. now owns 3,000,674 shares of the financial services provider’s stock worth $562,595,000 after buying an additional 2,982,691 shares during the period. Vanguard Group Inc. boosted its stake in MarketAxess Holdings by 5.0% in the first quarter. Vanguard Group Inc. now owns 2,855,565 shares of the financial services provider’s stock worth $535,390,000 after buying an additional 134,735 shares during the period. Columbus Circle Investors bought a new stake in MarketAxess Holdings during the first quarter worth approximately $13,760,000. Ownership Capital B.V. bought a new stake in MarketAxess Holdings during the first quarter worth approximately $13,202,000. Finally, FMR LLC boosted its stake in MarketAxess Holdings by 22.5% in the first quarter. FMR LLC now owns 359,802 shares of the financial services provider’s stock worth $67,459,000 after buying an additional 66,040 shares during the period. 89.82% of the stock is currently owned by hedge funds and other institutional investors.
Shares of MarketAxess Holdings, Inc. (NASDAQ:MKTX) opened at 194.92 on Friday. MarketAxess Holdings, Inc. has a 1-year low of $145.10 and a 1-year high of $211.06. The firm has a market capitalization of $7.32 billion, a PE ratio of 52.94 and a beta of 0.70. The company has a 50-day moving average of $198.56 and a 200-day moving average of $187.25.
MarketAxess Holdings (NASDAQ:MKTX) last announced its quarterly earnings results on Wednesday, April 26th. The financial services provider reported $1.11 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.95 by $0.16. The company had revenue of $103.90 million for the quarter, compared to analyst estimates of $102.52 million. MarketAxess Holdings had a net margin of 36.26% and a return on equity of 30.39%. The firm’s revenue was up 17.3% on a year-over-year basis. During the same period in the prior year, the firm posted $0.77 earnings per share. Equities research analysts predict that MarketAxess Holdings, Inc. will post $4.01 EPS for the current fiscal year.
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MKTX has been the subject of a number of recent analyst reports. Keefe, Bruyette & Woods reiterated a “buy” rating and issued a $210.00 target price on shares of MarketAxess Holdings in a research note on Friday, July 14th. BidaskClub upgraded shares of MarketAxess Holdings from a “hold” rating to a “buy” rating in a research note on Friday, June 16th. Finally, Zacks Investment Research cut shares of MarketAxess Holdings from a “buy” rating to a “hold” rating in a research note on Tuesday, June 27th. One analyst has rated the stock with a sell rating, three have assigned a hold rating, three have given a buy rating and one has issued a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $189.83.
In other MarketAxess Holdings news, Director Stephen P. Casper sold 230 shares of the stock in a transaction that occurred on Wednesday, May 17th. The shares were sold at an average price of $184.70, for a total value of $42,481.00. Following the transaction, the director now directly owns 50,464 shares in the company, valued at $9,320,700.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Richard M. Mcvey sold 27,000 shares of the stock in a transaction that occurred on Tuesday, May 2nd. The shares were sold at an average price of $191.20, for a total transaction of $5,162,400.00. Following the completion of the transaction, the chief executive officer now owns 1,082,844 shares in the company, valued at $207,039,772.80. The disclosure for this sale can be found here. Insiders sold 62,112 shares of company stock worth $11,912,518 over the last quarter. 4.51% of the stock is currently owned by insiders.
MarketAxess Holdings Company Profile
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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