MarketAxess Holdings Inc. $MKTX Shares Acquired by New York State Teachers Retirement System

New York State Teachers Retirement System boosted its holdings in MarketAxess Holdings Inc. (NASDAQ:MKTX) by 22.8% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 36,218 shares of the financial services provider’s stock after purchasing an additional 6,725 shares during the quarter. New York State Teachers Retirement System’s holdings in MarketAxess were worth $6,311,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the business. Oregon Public Employees Retirement Fund raised its stake in shares of MarketAxess by 160.0% in the 3rd quarter. Oregon Public Employees Retirement Fund now owns 8,400 shares of the financial services provider’s stock valued at $1,464,000 after acquiring an additional 5,169 shares during the period. State of Alaska Department of Revenue boosted its position in MarketAxess by 346.0% during the 3rd quarter. State of Alaska Department of Revenue now owns 18,800 shares of the financial services provider’s stock worth $3,275,000 after purchasing an additional 14,585 shares during the period. Lecap Asset Management Ltd. increased its holdings in MarketAxess by 61.5% in the 3rd quarter. Lecap Asset Management Ltd. now owns 13,659 shares of the financial services provider’s stock valued at $2,380,000 after purchasing an additional 5,201 shares in the last quarter. Louisiana State Employees Retirement System raised its position in MarketAxess by 760.0% in the third quarter. Louisiana State Employees Retirement System now owns 17,200 shares of the financial services provider’s stock valued at $2,997,000 after purchasing an additional 15,200 shares during the period. Finally, Hennion & Walsh Asset Management Inc. lifted its stake in shares of MarketAxess by 61.7% during the third quarter. Hennion & Walsh Asset Management Inc. now owns 3,705 shares of the financial services provider’s stock worth $646,000 after purchasing an additional 1,414 shares in the last quarter. 99.01% of the stock is currently owned by hedge funds and other institutional investors.

MarketAxess Trading Up 1.1%

MarketAxess stock opened at $174.66 on Friday. MarketAxess Holdings Inc. has a 52 week low of $156.17 and a 52 week high of $232.84. The stock has a market cap of $6.49 billion, a P/E ratio of 29.70, a price-to-earnings-growth ratio of 5.78 and a beta of 0.97. The stock has a 50 day moving average of $173.02 and a 200-day moving average of $182.96.

MarketAxess (NASDAQ:MKTX) last issued its quarterly earnings results on Friday, November 7th. The financial services provider reported $1.84 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.69 by $0.15. MarketAxess had a net margin of 26.16% and a return on equity of 20.20%. The business had revenue of $208.82 million during the quarter, compared to analyst estimates of $212.59 million. During the same quarter in the previous year, the firm earned $1.90 earnings per share. The business’s revenue was up 1.0% compared to the same quarter last year. As a group, equities analysts predict that MarketAxess Holdings Inc. will post 7.79 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on MKTX. Piper Sandler lowered their target price on MarketAxess from $180.00 to $175.00 and set a “neutral” rating for the company in a research note on Wednesday. Barclays decreased their price target on MarketAxess from $188.00 to $182.00 and set an “equal weight” rating for the company in a report on Thursday, January 8th. Morgan Stanley dropped their price objective on shares of MarketAxess from $204.00 to $195.00 and set an “equal weight” rating on the stock in a research note on Thursday. Weiss Ratings upgraded shares of MarketAxess from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Monday. Finally, Loop Capital set a $164.00 price target on shares of MarketAxess in a report on Tuesday, October 14th. Four research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $201.64.

MarketAxess Company Profile

MarketAxess Holdings Inc operates a leading global electronic trading platform specializing in fixed-income securities and related products. The company’s network enables institutional investors and broker-dealers to trade corporate bonds, municipal securities, emerging markets debt, U.S. Treasuries and credit default swaps in an automated, multi-dealer environment. MarketAxess also offers portfolio trading, data analytics, best-execution tools and post-trade services to streamline workflows and enhance price discovery across its marketplace.

In addition to core voice-like trading protocols, MarketAxess provides Open Trading®, an anonymous, all-to-all trading protocol designed to improve liquidity and transaction efficiency.