GW&K Investment Management LLC decreased its holdings in shares of MarketAxess Holdings Inc. (NASDAQ:MKTX) by 11.2% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 151,015 shares of the financial services provider’s stock after selling 19,030 shares during the quarter. MarketAxess comprises 0.7% of GW&K Investment Management LLC’s holdings, making the stock its 29th largest holding. GW&K Investment Management LLC owned approximately 0.40% of MarketAxess worth $49,458,000 as of its most recent SEC filing.
A number of other hedge funds have also bought and sold shares of MKTX. Quest Capital Management Inc. ADV purchased a new position in shares of MarketAxess during the third quarter worth $28,000. CWM LLC boosted its position in shares of MarketAxess by 60.7% during the second quarter. CWM LLC now owns 90 shares of the financial services provider’s stock worth $29,000 after buying an additional 34 shares during the period. Squar Milner Financial Services LLC boosted its position in shares of MarketAxess by 1,250.0% during the third quarter. Squar Milner Financial Services LLC now owns 108 shares of the financial services provider’s stock worth $35,000 after buying an additional 100 shares during the period. Steward Partners Investment Advisory LLC purchased a new position in shares of MarketAxess during the second quarter worth $36,000. Finally, Kavar Capital Partners LLC purchased a new position in shares of MarketAxess during the second quarter worth $40,000. 98.81% of the stock is owned by institutional investors.
NASDAQ:MKTX traded down $2.45 during midday trading on Friday, reaching $347.15. The company had a trading volume of 230,900 shares, compared to its average volume of 362,773. The firm has a market capitalization of $12.99 billion, a price-to-earnings ratio of 75.96 and a beta of 0.16. MarketAxess Holdings Inc. has a 12-month low of $199.04 and a 12-month high of $421.45. The stock’s fifty day simple moving average is $345.26 and its 200-day simple moving average is $336.02. The company has a current ratio of 9.47, a quick ratio of 9.47 and a debt-to-equity ratio of 0.13.
MarketAxess (NASDAQ:MKTX) last issued its quarterly earnings results on Wednesday, October 23rd. The financial services provider reported $1.42 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.25 by $0.17. The firm had revenue of $131.60 million for the quarter, compared to analysts’ expectations of $130.00 million. MarketAxess had a return on equity of 30.89% and a net margin of 40.58%. The firm’s revenue for the quarter was up 29.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.02 EPS. As a group, sell-side analysts expect that MarketAxess Holdings Inc. will post 5.42 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 20th. Investors of record on Wednesday, November 6th will be given a $0.51 dividend. This represents a $2.04 annualized dividend and a yield of 0.59%. The ex-dividend date is Tuesday, November 5th. This is a boost from MarketAxess’s previous quarterly dividend of $0.20. MarketAxess’s payout ratio is 44.64%.
In other MarketAxess news, Director Stephen P. Casper sold 1,000 shares of the business’s stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $402.82, for a total transaction of $402,820.00. Following the transaction, the director now owns 13,567 shares in the company, valued at approximately $5,465,058.94. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 3.28% of the company’s stock.
MKTX has been the subject of several research analyst reports. ValuEngine lowered MarketAxess from a “buy” rating to a “hold” rating in a research report on Wednesday, October 2nd. BidaskClub upgraded MarketAxess from a “buy” rating to a “strong-buy” rating in a research report on Saturday, November 2nd. Jefferies Financial Group raised their price target on MarketAxess from $318.00 to $339.00 and gave the stock a “hold” rating in a research report on Friday, September 27th. Argus assumed coverage on MarketAxess in a report on Thursday, August 29th. They issued a “hold” rating for the company. Finally, Buckingham Research lifted their target price on MarketAxess from $249.00 to $251.00 and gave the company an “underperform” rating in a report on Thursday, October 24th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and one has issued a strong buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $296.67.
MarketAxess Holdings Inc, together with its subsidiaries, operates an electronic trading platform that enables fixed-income market participants to trade corporate bonds and other types of fixed-income instruments worldwide. It offers institutional investor and broker-dealer firms the access to global liquidity in U.S.
Read More: Bollinger Bands
Want to see what other hedge funds are holding MKTX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for MarketAxess Holdings Inc. (NASDAQ:MKTX).
Receive News & Ratings for MarketAxess Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for MarketAxess and related companies with MarketBeat.com's FREE daily email newsletter.