Congress Asset Management Co. MA Purchases 85 Shares of MarketAxess Holdings Inc. (NASDAQ:MKTX)

Congress Asset Management Co. MA boosted its holdings in MarketAxess Holdings Inc. (NASDAQ:MKTX) by 2.5% in the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 3,450 shares of the financial services provider’s stock after purchasing an additional 85 shares during the period. Congress Asset Management Co. MA’s holdings in MarketAxess were worth $1,130,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Quest Capital Management Inc. ADV purchased a new position in MarketAxess in the third quarter valued at about $28,000. CWM LLC boosted its holdings in MarketAxess by 60.7% in the second quarter. CWM LLC now owns 90 shares of the financial services provider’s stock valued at $29,000 after purchasing an additional 34 shares during the last quarter. Squar Milner Financial Services LLC boosted its holdings in MarketAxess by 1,250.0% in the third quarter. Squar Milner Financial Services LLC now owns 108 shares of the financial services provider’s stock valued at $35,000 after purchasing an additional 100 shares during the last quarter. Steward Partners Investment Advisory LLC purchased a new position in MarketAxess in the second quarter valued at about $36,000. Finally, Kavar Capital Partners LLC purchased a new position in MarketAxess in the second quarter valued at about $40,000. 98.81% of the stock is owned by hedge funds and other institutional investors.

In other news, Director Stephen P. Casper sold 1,000 shares of MarketAxess stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $402.82, for a total value of $402,820.00. Following the transaction, the director now directly owns 13,567 shares in the company, valued at $5,465,058.94. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 3.28% of the stock is owned by company insiders.

A number of research analysts recently commented on MKTX shares. ValuEngine downgraded MarketAxess from a “buy” rating to a “hold” rating in a report on Wednesday, October 2nd. Deutsche Bank increased their price target on MarketAxess from $347.00 to $349.00 and gave the company a “hold” rating in a report on Thursday, October 24th. Jefferies Financial Group increased their price target on MarketAxess from $318.00 to $339.00 and gave the company a “hold” rating in a report on Friday, September 27th. Buckingham Research increased their target price on MarketAxess from $249.00 to $251.00 and gave the stock an “underperform” rating in a report on Thursday, October 24th. Finally, BidaskClub raised MarketAxess from a “buy” rating to a “strong-buy” rating in a report on Saturday, November 2nd. One analyst has rated the stock with a sell rating, seven have issued a hold rating and one has assigned a strong buy rating to the company. MarketAxess has an average rating of “Hold” and an average price target of $296.67.

Shares of MKTX traded up $0.40 during trading hours on Friday, hitting $350.00. 3,035 shares of the company were exchanged, compared to its average volume of 277,474. The company has a market capitalization of $12.99 billion, a PE ratio of 76.14 and a beta of 0.16. The company has a debt-to-equity ratio of 0.13, a current ratio of 9.47 and a quick ratio of 9.47. The firm has a fifty day simple moving average of $345.18 and a 200-day simple moving average of $335.59. MarketAxess Holdings Inc. has a one year low of $199.04 and a one year high of $421.45.

MarketAxess (NASDAQ:MKTX) last issued its earnings results on Wednesday, October 23rd. The financial services provider reported $1.42 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.25 by $0.17. MarketAxess had a return on equity of 30.89% and a net margin of 40.58%. The business had revenue of $131.60 million during the quarter, compared to analysts’ expectations of $130.00 million. During the same quarter last year, the firm posted $1.02 earnings per share. MarketAxess’s revenue was up 29.8% compared to the same quarter last year. Sell-side analysts expect that MarketAxess Holdings Inc. will post 5.42 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 20th. Shareholders of record on Wednesday, November 6th will be issued a dividend of $0.51 per share. This is a positive change from MarketAxess’s previous quarterly dividend of $0.20. This represents a $2.04 annualized dividend and a yield of 0.58%. The ex-dividend date is Tuesday, November 5th. MarketAxess’s dividend payout ratio (DPR) is 44.64%.

MarketAxess Profile

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.

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Institutional Ownership by Quarter for MarketAxess (NASDAQ:MKTX)

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