Ramsey Quantitative Systems Invests $328,000 in MarketAxess Holdings, Inc. (MKTX)
Ramsey Quantitative Systems bought a new stake in MarketAxess Holdings, Inc. (NASDAQ:MKTX) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 1,629 shares of the financial services provider’s stock, valued at approximately $328,000.
A number of other hedge funds have also added to or reduced their stakes in the stock. Prudential Financial Inc. boosted its stake in MarketAxess Holdings by 328.8% during the 2nd quarter. Prudential Financial Inc. now owns 137,410 shares of the financial services provider’s stock worth $27,634,000 after purchasing an additional 105,366 shares during the period. Marshall Wace North America L.P. purchased a new position in MarketAxess Holdings during the 2nd quarter worth $1,506,000. Victory Capital Management Inc. grew its position in MarketAxess Holdings by 4.3% during the 2nd quarter. Victory Capital Management Inc. now owns 86,344 shares of the financial services provider’s stock worth $17,364,000 after purchasing an additional 3,544 shares during the last quarter. SG Americas Securities LLC grew its position in MarketAxess Holdings by 17.9% during the 2nd quarter. SG Americas Securities LLC now owns 7,440 shares of the financial services provider’s stock worth $1,496,000 after purchasing an additional 1,130 shares during the last quarter. Finally, Pacer Advisors Inc. grew its position in MarketAxess Holdings by 11.4% during the 2nd quarter. Pacer Advisors Inc. now owns 5,523 shares of the financial services provider’s stock worth $1,111,000 after purchasing an additional 564 shares during the last quarter. Hedge funds and other institutional investors own 91.10% of the company’s stock.
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 value of $3,972,600.00. Following the sale, the chief executive officer now directly owns 1,108,142 shares in the company, valued at $220,110,245.46. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 4.02% of the stock is owned by company insiders.
A number of research firms have commented on MKTX. BidaskClub upgraded shares of MarketAxess Holdings from a “hold” rating to a “buy” rating in a research note on Friday, June 16th. Zacks Investment Research cut shares of MarketAxess Holdings from a “buy” rating to a “hold” rating in a report on Tuesday, June 27th. Keefe, Bruyette & Woods reiterated a “buy” rating and set a $205.00 target price on shares of MarketAxess Holdings in a research note on Thursday, July 6th. Finally, Raymond James Financial, Inc. increased their target price on shares of MarketAxess Holdings from $216.00 to $219.00 and gave the stock an “outperform” rating in a research note on Thursday, July 27th. Four equities 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. The stock currently has a consensus rating of “Buy” and an average price target of $197.17.
Shares of MarketAxess Holdings, Inc. (MKTX) opened at 182.865 on Monday. The firm has a market capitalization of $6.86 billion, a P/E ratio of 48.097 and a beta of 0.70. The company’s 50 day moving average price is $190.26 and its 200 day moving average price is $191.71. MarketAxess Holdings, Inc. has a one year low of $145.10 and a one year high of $211.06.
MarketAxess Holdings (NASDAQ:MKTX) last released its quarterly earnings data on Wednesday, July 26th. The financial services provider reported $1.00 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.92 by $0.08. The business had revenue of $97.31 million during the quarter, compared to analyst estimates of $96.42 million. MarketAxess Holdings had a return on equity of 30.38% and a net margin of 37.46%. The business’s revenue for the quarter was up .7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.88 EPS. On average, analysts expect that MarketAxess Holdings, Inc. will post $4.07 EPS for the current fiscal year.
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.
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.