Ownership Capital B.V. Sells 26,324 Shares of MarketAxess Holdings Inc. (NASDAQ:MKTX)

Ownership Capital B.V. decreased its stake in shares of MarketAxess Holdings Inc. (NASDAQ:MKTX) by 3.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 770,632 shares of the financial services provider’s stock after selling 26,324 shares during the period. MarketAxess makes up 5.0% of Ownership Capital B.V.’s portfolio, making the stock its 9th biggest position. Ownership Capital B.V.’s holdings in MarketAxess were worth $225,680,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of MKTX. Van ECK Associates Corp increased its stake in MarketAxess by 146.4% during the 3rd quarter. Van ECK Associates Corp now owns 1,265,784 shares of the financial services provider’s stock valued at $270,422,000 after buying an additional 752,111 shares during the period. FMR LLC grew its stake in shares of MarketAxess by 385.6% in the 3rd quarter. FMR LLC now owns 545,563 shares of the financial services provider’s stock worth $116,554,000 after purchasing an additional 433,217 shares during the last quarter. Teacher Retirement System of Texas grew its stake in shares of MarketAxess by 156.4% in the 3rd quarter. Teacher Retirement System of Texas now owns 210,134 shares of the financial services provider’s stock worth $44,893,000 after purchasing an additional 128,193 shares during the last quarter. Invesco Ltd. grew its stake in shares of MarketAxess by 26.7% in the 3rd quarter. Invesco Ltd. now owns 539,080 shares of the financial services provider’s stock worth $115,169,000 after purchasing an additional 113,642 shares during the last quarter. Finally, Burgundy Asset Management Ltd. grew its stake in shares of MarketAxess by 97.0% in the 3rd quarter. Burgundy Asset Management Ltd. now owns 170,285 shares of the financial services provider’s stock worth $36,380,000 after purchasing an additional 83,864 shares during the last quarter. Institutional investors and hedge funds own 99.01% of the company’s stock.

MarketAxess Stock Performance

Shares of MKTX stock traded up $0.21 during trading on Friday, hitting $201.79. 253,643 shares of the company were exchanged, compared to its average volume of 334,279. The firm has a market capitalization of $7.59 billion, a price-to-earnings ratio of 29.46, a P/E/G ratio of 4.21 and a beta of 0.98. The business’s 50-day simple moving average is $214.73 and its 200 day simple moving average is $236.62. MarketAxess Holdings Inc. has a twelve month low of $199.34 and a twelve month high of $322.25.

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

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the stock. Barclays lowered their price objective on shares of MarketAxess from $239.00 to $236.00 and set an “equal weight” rating on the stock in a research note on Monday, April 8th. Rosenblatt Securities lowered their price objective on shares of MarketAxess from $229.00 to $210.00 and set a “sell” rating on the stock in a research note on Thursday, February 1st. William Blair reaffirmed an “outperform” rating on shares of MarketAxess in a research note on Tuesday, January 23rd. Morgan Stanley raised their target price on shares of MarketAxess from $278.00 to $279.00 and gave the stock an “equal weight” rating in a report on Tuesday, April 9th. Finally, Piper Sandler decreased their target price on shares of MarketAxess from $250.00 to $237.00 and set a “neutral” rating for the company in a report on Friday, April 12th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $252.80.

Insider Buying and Selling

In other MarketAxess news, CRO Kevin M. Mcpherson sold 2,000 shares of MarketAxess stock in a transaction that occurred on Friday, February 16th. The shares were 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 in the company, valued at $15,508,555.92. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 2.00% of the stock is currently owned by corporate insiders.

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.