Sei Investments Co. Raises Position in MarketAxess Holdings Inc. (NASDAQ:MKTX)

Sei Investments Co. lifted its stake in shares of MarketAxess Holdings Inc. (NASDAQ:MKTXFree Report) by 14.1% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 150,919 shares of the financial services provider’s stock after purchasing an additional 18,639 shares during the period. Sei Investments Co. owned 0.40% of MarketAxess worth $32,241,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Clear Street Markets LLC increased its stake in shares of MarketAxess by 94.6% during the 1st quarter. Clear Street Markets LLC now owns 72 shares of the financial services provider’s stock worth $28,000 after purchasing an additional 35 shares during the last quarter. VitalStone Financial LLC purchased a new position in MarketAxess in the 1st quarter valued at approximately $31,000. Compass Wealth Management LLC purchased a new position in MarketAxess in the 4th quarter valued at approximately $41,000. West Tower Group LLC purchased a new position in MarketAxess in the 2nd quarter valued at approximately $47,000. Finally, Natixis purchased a new position in MarketAxess in the 2nd quarter valued at approximately $51,000. Hedge funds and other institutional investors own 99.01% of the company’s stock.

MarketAxess Stock Performance

NASDAQ MKTX opened at $215.12 on Friday. MarketAxess Holdings Inc. has a 52-week low of $200.01 and a 52-week high of $399.78. The company has a market capitalization of $8.15 billion, a P/E ratio of 31.40, a P/E/G ratio of 3.57 and a beta of 0.98. The company has a fifty day moving average of $242.29 and a 200-day moving average of $239.65.

MarketAxess (NASDAQ:MKTXGet Free Report) last posted its quarterly earnings data on Wednesday, January 31st. The financial services provider reported $1.84 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.73 by $0.11. MarketAxess had a net margin of 34.29% and a return on equity of 21.76%. The company had revenue of $197.20 million during the quarter, compared to the consensus estimate of $196.70 million. During the same period in the previous year, the firm posted $1.58 EPS. The firm’s revenue was up 10.8% compared to the same quarter last year. As a group, analysts forecast that MarketAxess Holdings Inc. will post 7.27 EPS for the current fiscal year.

MarketAxess Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, February 28th. Stockholders of record on Wednesday, February 14th were issued a dividend of $0.74 per share. This is an increase from MarketAxess’s previous quarterly dividend of $0.72. This represents a $2.96 dividend on an annualized basis and a dividend yield of 1.38%. The ex-dividend date of this dividend was Tuesday, February 13th. MarketAxess’s payout ratio is currently 43.21%.

Analyst Ratings Changes

A number of research analysts recently weighed in on MKTX shares. The Goldman Sachs Group reduced their price objective on shares of MarketAxess from $263.00 to $225.00 and set a “neutral” rating for the company in a research note on Thursday, February 1st. Citigroup lifted their price objective on shares of MarketAxess from $270.00 to $300.00 and gave the company a “buy” rating in a research note on Wednesday, December 6th. Rosenblatt Securities cut their price target on shares of MarketAxess from $229.00 to $210.00 and set a “sell” rating for the company in a report on Thursday, February 1st. William Blair reissued an “outperform” rating on shares of MarketAxess in a report on Tuesday, January 23rd. Finally, Barclays downgraded shares of MarketAxess from an “overweight” rating to an “equal weight” rating and raised their price target for the company from $246.00 to $291.00 in a report on Monday, January 8th. One analyst has rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, MarketAxess currently has an average rating of “Hold” and an average target price of $266.89.

Read Our Latest Stock Analysis on MKTX

Insider Transactions at MarketAxess

In other MarketAxess news, CRO Kevin M. Mcpherson sold 2,000 shares of the business’s stock in a transaction on Friday, February 16th. The shares were sold at an average price of $221.26, for a total value of $442,520.00. Following the completion of the sale, the executive now directly owns 70,092 shares of the company’s stock, valued at $15,508,555.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 2.00% of the stock is currently owned by insiders.

About MarketAxess

(Free Report)

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.

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Institutional Ownership by Quarter for MarketAxess (NASDAQ:MKTX)

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