Access Financial Services Inc. Buys 98 Shares of MarketAxess Holdings Inc. (NASDAQ:MKTX)

Access Financial Services Inc. raised its holdings in shares of MarketAxess Holdings Inc. (NASDAQ:MKTX) by 2.2% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,597 shares of the financial services provider’s stock after purchasing an additional 98 shares during the quarter. Access Financial Services Inc.’s holdings in MarketAxess were worth $1,039,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of MKTX. Millennium Management LLC increased its stake in MarketAxess by 2,889.6% during the 2nd quarter. Millennium Management LLC now owns 339,261 shares of the financial services provider’s stock valued at $68,032,000 after purchasing an additional 327,913 shares in the last quarter. FMR LLC grew its stake in shares of MarketAxess by 17.5% in the 3rd quarter. FMR LLC now owns 1,959,043 shares of the financial services provider’s stock worth $501,907,000 after acquiring an additional 291,134 shares in the last quarter. Marshall Wace LLP grew its stake in shares of MarketAxess by 53.5% in the 2nd quarter. Marshall Wace LLP now owns 820,060 shares of the financial services provider’s stock worth $164,447,000 after acquiring an additional 285,665 shares in the last quarter. Castle Hook Partners LP bought a new stake in shares of MarketAxess in the 3rd quarter worth $42,967,000. Finally, Geode Capital Management LLC grew its stake in shares of MarketAxess by 14.9% in the 3rd quarter. Geode Capital Management LLC now owns 1,076,877 shares of the financial services provider’s stock worth $275,122,000 after acquiring an additional 139,949 shares in the last quarter. Institutional investors own 99.01% of the company’s stock.

MarketAxess Stock Down 0.5 %

NASDAQ MKTX opened at $220.50 on Monday. The company has a market cap of $8.31 billion, a PE ratio of 29.88, a price-to-earnings-growth ratio of 6.67 and a beta of 1.03. MarketAxess Holdings Inc. has a 52 week low of $192.42 and a 52 week high of $296.68. The firm’s 50-day simple moving average is $240.76 and its two-hundred day simple moving average is $246.91.

MarketAxess (NASDAQ:MKTX) last released its quarterly earnings data on Wednesday, November 6th. The financial services provider reported $1.90 EPS for the quarter, beating the consensus estimate of $1.85 by $0.05. The business had revenue of $206.70 million for the quarter, compared to the consensus estimate of $207.17 million. MarketAxess had a net margin of 34.32% and a return on equity of 20.93%. The company’s revenue was up 20.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.46 earnings per share. As a group, equities research analysts anticipate that MarketAxess Holdings Inc. will post 7.29 EPS for the current year.

Analyst Ratings Changes

Several analysts have recently issued reports on the stock. Morgan Stanley upped their target price on shares of MarketAxess from $262.00 to $314.00 and gave the stock an “equal weight” rating in a research note on Thursday, October 17th. The Goldman Sachs Group upped their target price on shares of MarketAxess from $204.00 to $233.00 and gave the stock a “neutral” rating in a research note on Monday, September 30th. Piper Sandler reduced their target price on shares of MarketAxess from $265.00 to $240.00 and set a “neutral” rating for the company in a research note on Tuesday, January 7th. UBS Group upped their target price on shares of MarketAxess from $330.00 to $335.00 and gave the stock a “buy” rating in a research note on Thursday, November 7th. Finally, Barclays cut their price target on shares of MarketAxess from $260.00 to $256.00 and set an “equal weight” rating on the stock in a report on Monday, January 13th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $261.30.

Insider Buying and Selling at MarketAxess

In other news, Chairman Richard M. Mcvey sold 20,000 shares of the stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of $271.75, for a total value of $5,435,000.00. Following the sale, the chairman now directly owns 592,029 shares of the company’s stock, valued at approximately $160,883,880.75. This represents a 3.27 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, General Counsel Scott Pintoff sold 300 shares of the stock in a transaction dated Monday, December 9th. The stock was sold at an average price of $240.57, for a total transaction of $72,171.00. Following the completion of the sale, the general counsel now directly owns 8,302 shares in the company, valued at approximately $1,997,212.14. The trade was a 3.49 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 30,300 shares of company stock valued at $8,183,871 over the last three months. 2.66% of the stock is currently owned by insiders.

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.