Raymond James Financial Services Advisors Inc. Sells 164 Shares of MarketAxess Holdings Inc. (NASDAQ:MKTX)

Raymond James Financial Services Advisors Inc. lessened its stake in shares of MarketAxess Holdings Inc. (NASDAQ:MKTX) by 14.6% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 956 shares of the financial services provider’s stock after selling 164 shares during the quarter. Raymond James Financial Services Advisors Inc.’s holdings in MarketAxess were worth $280,000 as of its most recent filing with the SEC.

Other large investors also recently made changes to their positions in the company. Gladius Capital Management LP boosted its stake in shares of MarketAxess by 39.6% during the 3rd quarter. Gladius Capital Management LP now owns 134 shares of the financial services provider’s stock worth $29,000 after acquiring an additional 38 shares in the last quarter. Massmutual Trust Co. FSB ADV boosted its stake in shares of MarketAxess by 47.3% during the 4th quarter. Massmutual Trust Co. FSB ADV now owns 134 shares of the financial services provider’s stock worth $39,000 after acquiring an additional 43 shares in the last quarter. CVA Family Office LLC bought a new stake in MarketAxess during the 4th quarter valued at approximately $50,000. Covestor Ltd boosted its stake in MarketAxess by 32.0% during the 3rd quarter. Covestor Ltd now owns 462 shares of the financial services provider’s stock valued at $99,000 after purchasing an additional 112 shares during the period. Finally, Anchor Investment Management LLC bought a new stake in MarketAxess during the 4th quarter valued at approximately $136,000. Institutional investors own 99.01% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently weighed in on the company. Barclays decreased their target price on MarketAxess from $239.00 to $236.00 and set an “equal weight” rating for the company in a research note on Monday, April 8th. The Goldman Sachs Group decreased their target price on MarketAxess from $263.00 to $225.00 and set a “neutral” rating for the company in a research note on Thursday, February 1st. Rosenblatt Securities decreased their target price on MarketAxess from $229.00 to $210.00 and set a “sell” rating for the company in a research note on Thursday, February 1st. Piper Sandler decreased their target price on MarketAxess from $250.00 to $237.00 and set a “neutral” rating for the company in a research note on Friday, April 12th. Finally, William Blair reissued an “outperform” rating on shares of MarketAxess in a report on Tuesday, January 23rd. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, MarketAxess currently has a consensus rating of “Hold” and an average price target of $252.80.

Insider Activity

In other news, CRO Kevin M. Mcpherson sold 2,000 shares of MarketAxess stock in a transaction on Friday, February 16th. The stock was 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 approximately $15,508,555.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 2.00% of the company’s stock.

MarketAxess Price Performance

MKTX stock opened at $204.43 on Tuesday. The business has a fifty day moving average price of $215.98 and a 200 day moving average price of $237.58. MarketAxess Holdings Inc. has a fifty-two week low of $199.34 and a fifty-two week high of $329.15. The stock has a market capitalization of $7.69 billion, a price-to-earnings ratio of 29.84, a P/E/G ratio of 4.26 and a beta of 0.98.

MarketAxess (NASDAQ:MKTX) last released its quarterly earnings results on Wednesday, January 31st. The financial services provider reported $1.84 earnings per share for the quarter, beating analysts’ consensus estimates of $1.73 by $0.11. MarketAxess had a return on equity of 21.76% and a net margin of 34.29%. The firm had revenue of $197.20 million during the quarter, compared to analysts’ expectations of $196.70 million. During the same period last year, the firm posted $1.58 EPS. The business’s revenue was up 10.8% on a year-over-year basis. On average, equities analysts expect that MarketAxess Holdings Inc. will post 7.28 earnings per share for the current fiscal year.

MarketAxess Company 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.