Public Sector Pension Investment Board Buys 200 Shares of MarketAxess Holdings Inc. (NASDAQ:MKTX)

Public Sector Pension Investment Board boosted its stake in MarketAxess Holdings Inc. (NASDAQ:MKTX) by 3.1% in the 3rd quarter, Holdings Channel.com reports. The firm owned 6,607 shares of the financial services provider’s stock after acquiring an additional 200 shares during the quarter. Public Sector Pension Investment Board’s holdings in MarketAxess were worth $1,693,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in MKTX. FMR LLC increased its holdings in shares of MarketAxess by 17.5% during the third quarter. FMR LLC now owns 1,959,043 shares of the financial services provider’s stock worth $501,907,000 after buying an additional 291,134 shares in the last quarter. Van ECK Associates Corp increased its holdings in MarketAxess by 10.3% in the 2nd quarter. Van ECK Associates Corp now owns 1,828,055 shares of the financial services provider’s stock worth $366,580,000 after purchasing an additional 170,095 shares in the last quarter. Primecap Management Co. CA raised its position in MarketAxess by 0.6% in the third quarter. Primecap Management Co. CA now owns 1,338,922 shares of the financial services provider’s stock valued at $343,032,000 after purchasing an additional 8,042 shares during the last quarter. Marshall Wace LLP boosted its stake in shares of MarketAxess by 53.5% during the second quarter. Marshall Wace LLP now owns 820,060 shares of the financial services provider’s stock valued at $164,447,000 after purchasing an additional 285,665 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its holdings in shares of MarketAxess by 4.2% during the second quarter. Bank of New York Mellon Corp now owns 443,714 shares of the financial services provider’s stock worth $88,978,000 after purchasing an additional 17,996 shares during the last quarter. Institutional investors and hedge funds own 99.01% of the company’s stock.

Insider Buying and Selling

In other MarketAxess news, Chairman Richard M. Mcvey sold 10,000 shares of the company’s stock in a transaction on Thursday, November 14th. The shares were sold at an average price of $267.67, for a total transaction of $2,676,700.00. Following the transaction, the chairman now owns 562,029 shares in the company, valued at approximately $150,438,302.43. This represents a 1.75 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 2.66% of the stock is owned by company insiders.

MarketAxess Stock Performance

MarketAxess stock opened at $243.96 on Friday. The stock has a market capitalization of $9.20 billion, a price-to-earnings ratio of 33.06, a PEG ratio of 11.80 and a beta of 1.00. MarketAxess Holdings Inc. has a 52-week low of $192.42 and a 52-week high of $297.97. The stock’s 50 day moving average price is $273.32 and its two-hundred day moving average price is $240.74.

MarketAxess (NASDAQ:MKTX) last issued its earnings results on Wednesday, November 6th. The financial services provider reported $1.90 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.85 by $0.05. MarketAxess had a net margin of 34.32% and a return on equity of 20.93%. The business had revenue of $206.70 million for the quarter, compared to analyst estimates of $207.17 million. During the same period in the prior year, the firm earned $1.46 earnings per share. MarketAxess’s revenue was up 20.0% on a year-over-year basis. On average, equities research analysts forecast that MarketAxess Holdings Inc. will post 7.37 EPS for the current year.

MarketAxess Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 4th. Investors of record on Wednesday, November 20th were given a $0.74 dividend. This represents a $2.96 dividend on an annualized basis and a yield of 1.21%. The ex-dividend date was Wednesday, November 20th. MarketAxess’s payout ratio is 40.11%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the stock. Deutsche Bank Aktiengesellschaft lifted their target price on shares of MarketAxess from $258.00 to $264.00 and gave the stock a “hold” rating in a research report on Monday, November 11th. UBS Group increased their price objective on MarketAxess from $330.00 to $335.00 and gave the company a “buy” rating in a report on Thursday, November 7th. Bank of America cut their target price on MarketAxess from $193.00 to $185.00 and set an “underperform” rating on the stock in a report on Thursday, October 3rd. Piper Sandler reissued a “neutral” rating and issued a $265.00 price target on shares of MarketAxess in a research note on Thursday, November 7th. Finally, The Goldman Sachs Group lifted their price objective on MarketAxess from $204.00 to $233.00 and gave the stock a “neutral” rating in a research note on Monday, September 30th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, MarketAxess has an average rating of “Hold” and a consensus target price of $267.50.

MarketAxess Profile

MarketAxess Holdings Inc, together with its subsidiaries, operates an electronic trading platform for institutional investor and broker-dealer companies worldwide. The company offers trading technology that provides liquidity access in U.S. high-grade bonds, U.S. high-yield bonds, emerging market debt, eurobonds, municipal bonds, U.S.