Arizona State Retirement System continued to hold its position in MarketAxess Holdings Inc. (NASDAQ:MKTX) during the third quarter, Holdings Channel reports. The fund owned 16,716 shares of the company’s stock at the end of the third quarter. Arizona State Retirement System’s holdings in MarketAxess Holdings were worth $2,768,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in MKTX. Jacobs Levy Equity Management Inc. increased its position in MarketAxess Holdings by 117.5% in the first quarter. Jacobs Levy Equity Management Inc. now owns 10,920 shares of the company’s stock worth $1,363,000 after buying an additional 5,900 shares in the last quarter. Metropolitan Life Insurance Co. NY increased its position in MarketAxess Holdings by 2.2% in the first quarter. Metropolitan Life Insurance Co. NY now owns 58,929 shares of the company’s stock worth $7,356,000 after buying an additional 1,252 shares in the last quarter. Barclays PLC increased its position in MarketAxess Holdings by 299.2% in the first quarter. Barclays PLC now owns 19,207 shares of the company’s stock worth $2,382,000 after buying an additional 14,396 shares in the last quarter. Royal Bank of Canada increased its position in MarketAxess Holdings by 51.0% in the first quarter. Royal Bank of Canada now owns 105,352 shares of the company’s stock worth $13,150,000 after buying an additional 35,573 shares in the last quarter. Finally, BlueMountain Capital Management LLC increased its position in MarketAxess Holdings by 146.3% in the first quarter. BlueMountain Capital Management LLC now owns 5,264 shares of the company’s stock worth $657,000 after buying an additional 3,127 shares in the last quarter. Hedge funds and other institutional investors own 91.94% of the company’s stock.
Shares of MarketAxess Holdings Inc. (NASDAQ:MKTX) traded up 0.69% on Friday, hitting $169.62. The company’s stock had a trading volume of 79,275 shares. MarketAxess Holdings Inc. has a 1-year low of $98.00 and a 1-year high of $178.21. The company has a 50 day moving average of $157.55 and a 200 day moving average of $154.87. The firm has a market cap of $6.37 billion, a PE ratio of 54.54 and a beta of 0.66.
MarketAxess Holdings (NASDAQ:MKTX) last issued its earnings results on Wednesday, October 26th. The company reported $0.82 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.78 by $0.04. MarketAxess Holdings had a return on equity of 27.83% and a net margin of 33.37%. The company earned $90.30 million during the quarter, compared to the consensus estimate of $90.51 million. During the same quarter in the prior year, the business earned $0.60 earnings per share. The company’s revenue was up 21.7% compared to the same quarter last year. Equities analysts forecast that MarketAxess Holdings Inc. will post $3.25 EPS for the current year.
The business also recently announced a quarterly dividend, which was paid on Wednesday, November 23rd. Stockholders of record on Wednesday, November 9th were given a $0.26 dividend. This represents a $1.04 annualized dividend and a dividend yield of 0.61%. The ex-dividend date was Monday, November 7th. MarketAxess Holdings’s payout ratio is 33.33%.
A number of research analysts recently issued reports on MKTX shares. Keefe, Bruyette & Woods raised their price target on MarketAxess Holdings from $165.00 to $175.00 and gave the stock an “outperform” rating in a research note on Friday, July 29th. Credit Suisse Group AG restated a “sell” rating and set a $106.00 price target on shares of MarketAxess Holdings in a research note on Friday, July 29th. Finally, Zacks Investment Research downgraded MarketAxess Holdings from a “buy” rating to a “hold” rating in a research note on Wednesday, September 14th. Three research analysts have rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the stock. MarketAxess Holdings has a consensus rating of “Hold” and an average target price of $153.75.
About MarketAxess Holdings
MarketAxess Holdings Inc (MarketAxess) is an electronic trading platform. The Company operates as an electronic multi-party platform for the trading of fixed-income securities and provides related data, analytics, compliance tools and post-trade services. The Company’s multi-dealer trading platform allows its institutional investor clients to request bids or offers from its broker-dealer clients and execute trades with the broker-dealer of their choice from among those that choose to respond.