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The Alaska Department of Revenue owns a $2.58 million stake in MarketAxess Holdings Inc. (NASDAQ:MKTX)


The State of Alaska Department of Revenue reduced its holdings in MarketAxess Holdings Inc. (NASDAQ:MKTX – Free Report) by 17.8% during the first quarter, according to the company's most recent filing with the Securities & Exchange Commission. The institutional investor owned 11,750 shares of the financial services provider after selling 2,550 shares during the same period. The State of Alaska Department of Revenue's holdings in MarketAxess were worth $2,576,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in MKTX. Gladius Capital Management LP increased its position in MarketAxess by 39.6% in the third quarter. Gladius Capital Management LP now owns 134 shares of the financial services provider's stock worth $29,000 after purchasing an additional 38 shares in the last quarter. Massmutual Trust Co. FSB ADV increased its holdings in shares of MarketAxess by 47.3% in the fourth quarter. Massmutual Trust Co. FSB ADV now owns 134 shares of the financial services provider's stock worth $39,000 after purchasing an additional 43 shares in the last quarter. Alliance Wealth Advisors LLC UT increased its holdings in shares of MarketAxess by 2.2% in the fourth quarter. Alliance Wealth Advisors LLC UT now owns 2,198 shares of the financial services provider's stock worth $644,000 after purchasing an additional 48 shares during the period. Fifth Third Bancorp increased its stake in MarketAxess by 1.4% in the fourth quarter. Fifth Third Bancorp now owns 3,618 shares of the financial services provider's stock worth $1,060,000 after purchasing an additional 50 shares during the last quarter. Finally, Czech National Bank increased its position in MarketAxess by 0.8% in the fourth quarter. Czech National Bank now owns 6,638 shares of the financial services provider's stock worth $1,944,000 after purchasing an additional 53 shares during the period. Institutional investors and hedge funds own 99.01% of the company's stock.

Insider transactions at MarketAxess

In other MarketAxess news, Director Stephen P. Casper sold 500 shares of the company's stock in a transaction that occurred on Friday, June 7. The shares were sold at an average price of $199.48, for a total value of $99,740.00. Following the transaction, the director now directly owns 10,201 shares of the company's stock, valued at $2,034,895.48. The sale was disclosed in a legal filing with the SEC, which is available through this link. 2.66% of the shares are owned by company insiders.

MarketAxess price history

NASDAQ:MKTX opened at $204.65 on Friday. MarketAxess Holdings Inc. has a one-year low of $192.42 and a one-year high of $297.97. The company's 50-day moving average is $203.27 and its 200-day moving average is $224.65. The company has a market cap of $7.76 billion, a P/E ratio of 30.05, a PEG ratio of 5.04 and a beta of 1.03.

MarketAxess (NASDAQ:MKTX – Free Report) last released its quarterly earnings results on Tuesday, May 7. The financial services provider reported earnings per share of $1.92 for the quarter, beating analysts' consensus estimates of $1.85 by $0.07. The company had revenue of $210.30 million for the quarter, compared to analyst estimates of $212.99 million. MarketAxess had a net margin of 33.83% and a return on equity of 20.82%. MarketAxess' revenue increased 3.5% compared to the year-ago quarter. In the year-ago quarter, the company generated earnings per share of $1.96. Equities analysts expect MarketAxess Holdings Inc. to report earnings per share of $7.17 for the current year.

MarketAxess announces dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, June 5th. Shareholders of record on Wednesday, May 22nd were paid a dividend of $0.74. The ex-dividend date was Tuesday, May 21st. This represents an annualized dividend of $2.96 and a dividend yield of 1.45%. MarketAxess's payout ratio is 43.47%.

Wall Street analysts comment

MKTX has been the subject of several analyst reports lately. Piper Sandler lowered their price target on shares of MarketAxess from $230.00 to $225.00 and gave the stock a “neutral” rating in a report on Wednesday. Bank of America began coverage on MarketAxess in a report on Wednesday, April 10. They gave the company an “underperform” rating and a $199.00 price target. Morgan Stanley raised their price target on MarketAxess from $278.00 to $279.00 and gave the company an “equal weight” rating in a research note on Tuesday, April 9. Barclays lowered their price target on MarketAxess from $236.00 to $225.00 and gave the stock an “equal weight” rating in a research report on Wednesday, May 8. Finally, UBS Group lowered their price target on shares of MarketAxess from $305.00 to $285.00 and gave the company a “buy” rating in a report on Wednesday, May 8. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and three have given a buy rating. According to MarketBeat, MarketAxess currently has an average rating of “Hold” and a consensus price target of $248.64.

Check out our latest stock analysis on MarketAxess

MarketAxess Profile

(Free report)

MarketAxess Holdings Inc., together with its subsidiaries, operates an electronic trading platform for institutional investors and broker-dealer firms worldwide. The Company provides trading technology that provides liquidity access for U.S. Prime Bonds, U.S. High Yield Bonds, Emerging Market Bonds, Eurobonds, Municipal Bonds, U.S.

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Institutional Ownership by Quarter for MarketAxess (NASDAQ:MKTX)



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