MarketAxess Holdings Inc. $MKTX Stock Holdings Increased by Goodman Financial Corp

Goodman Financial Corp lifted its holdings in MarketAxess Holdings Inc. (NASDAQ:MKTX) by 9.0% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 83,163 shares of the financial services provider’s stock after purchasing an additional 6,869 shares during the quarter. MarketAxess accounts for approximately 2.4% of Goodman Financial Corp’s holdings, making the stock its 21st largest position. Goodman Financial Corp owned approximately 0.24% of MarketAxess worth $13,720,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of MKTX. Jones Financial Companies Lllp grew its position in MarketAxess by 151.0% in the 1st quarter. Jones Financial Companies Lllp now owns 2,683 shares of the financial services provider’s stock valued at $580,000 after buying an additional 1,614 shares in the last quarter. Empowered Funds LLC increased its stake in MarketAxess by 8.4% during the 1st quarter. Empowered Funds LLC now owns 1,716 shares of the financial services provider’s stock valued at $371,000 after buying an additional 133 shares during the period. Woodline Partners LP raised its position in shares of MarketAxess by 40.7% during the 1st quarter. Woodline Partners LP now owns 3,185 shares of the financial services provider’s stock worth $689,000 after buying an additional 921 shares in the last quarter. Geneos Wealth Management Inc. raised its position in shares of MarketAxess by 200.0% during the 1st quarter. Geneos Wealth Management Inc. now owns 120 shares of the financial services provider’s stock worth $26,000 after buying an additional 80 shares in the last quarter. Finally, Sivia Capital Partners LLC acquired a new stake in shares of MarketAxess in the 2nd quarter worth approximately $406,000. 99.01% of the stock is currently owned by institutional investors.

MarketAxess Stock Performance

MKTX opened at $115.50 on Friday. The firm has a market cap of $4.10 billion, a PE ratio of 13.65, a P/E/G ratio of 3.13 and a beta of 0.88. The company has a quick ratio of 2.17, a current ratio of 2.17 and a debt-to-equity ratio of 0.19. The business has a fifty day simple moving average of $123.90 and a 200-day simple moving average of $155.74. MarketAxess Holdings Inc. has a fifty-two week low of $108.75 and a fifty-two week high of $216.18.

MarketAxess (NASDAQ:MKTX) last issued its earnings results on Thursday, May 7th. The financial services provider reported $2.25 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.15 by $0.10. MarketAxess had a return on equity of 22.28% and a net margin of 35.53%.The business had revenue of $233.38 million for the quarter, compared to analysts’ expectations of $231.91 million. During the same period in the previous year, the firm posted $1.87 EPS. The company’s quarterly revenue was up 11.9% on a year-over-year basis. As a group, equities analysts predict that MarketAxess Holdings Inc. will post 7.94 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research firms recently commented on MKTX. UBS Group lowered their price objective on shares of MarketAxess from $215.00 to $200.00 and set a “buy” rating on the stock in a research note on Wednesday, July 8th. Bank of America upgraded MarketAxess from an “underperform” rating to a “neutral” rating and set a $170.00 target price for the company in a research report on Friday, June 12th. Weiss Ratings lowered MarketAxess from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Wednesday, May 6th. Morgan Stanley lowered their price target on MarketAxess from $195.00 to $129.00 and set an “equal weight” rating on the stock in a research report on Friday, July 10th. Finally, Benchmark reissued a “buy” rating on shares of MarketAxess in a research note on Wednesday, July 8th. Three analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $163.18.

About MarketAxess

MarketAxess Holdings Inc operates a leading global electronic trading platform specializing in fixed-income securities and related products. The company’s network enables institutional investors and broker-dealers to trade corporate bonds, municipal securities, emerging markets debt, U.S. Treasuries and credit default swaps in an automated, multi-dealer environment. MarketAxess also offers portfolio trading, data analytics, best-execution tools and post-trade services to streamline workflows and enhance price discovery across its marketplace.

In addition to core voice-like trading protocols, MarketAxess provides Open Trading®, an anonymous, all-to-all trading protocol designed to improve liquidity and transaction efficiency.