Rhumbline Advisers Sells 1,416 Shares of MarketAxess Holdings Inc. (NASDAQ:MKTX)

Rhumbline Advisers cut its holdings in MarketAxess Holdings Inc. (NASDAQ:MKTX - Free Report) by 1.9% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 74,484 shares of the financial services provider's stock after selling 1,416 shares during the period. Rhumbline Advisers owned 0.20% of MarketAxess worth $16,115,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of MKTX. Global X Japan Co. Ltd. boosted its holdings in MarketAxess by 179.5% in the 4th quarter. Global X Japan Co. Ltd. now owns 109 shares of the financial services provider's stock worth $25,000 after buying an additional 70 shares during the period. Allianz SE bought a new stake in shares of MarketAxess during the 4th quarter worth $27,000. Smartleaf Asset Management LLC raised its position in MarketAxess by 495.2% in the 4th quarter. Smartleaf Asset Management LLC now owns 125 shares of the financial services provider's stock worth $28,000 after purchasing an additional 104 shares during the period. SRS Capital Advisors Inc. raised its position in MarketAxess by 13,900.0% in the 4th quarter. SRS Capital Advisors Inc. now owns 140 shares of the financial services provider's stock worth $32,000 after purchasing an additional 139 shares during the period. Finally, MassMutual Private Wealth & Trust FSB raised its position in MarketAxess by 49.1% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 164 shares of the financial services provider's stock worth $35,000 after purchasing an additional 54 shares during the period. 99.01% of the stock is owned by institutional investors.

MarketAxess Trading Down 1.7%

Shares of MKTX stock opened at $222.22 on Friday. MarketAxess Holdings Inc. has a 12 month low of $186.84 and a 12 month high of $296.68. The stock has a market cap of $8.33 billion, a P/E ratio of 30.57, a P/E/G ratio of 3.89 and a beta of 0.84. The company has a 50 day simple moving average of $218.37 and a two-hundred day simple moving average of $219.64.

MarketAxess (NASDAQ:MKTX - Get Free Report) last announced its quarterly earnings data on Wednesday, May 7th. The financial services provider reported $1.87 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.82 by $0.05. The firm had revenue of $208.58 million during the quarter, compared to analysts' expectations of $211.81 million. MarketAxess had a net margin of 33.56% and a return on equity of 20.23%. The company's revenue for the quarter was down .8% compared to the same quarter last year. During the same period in the prior year, the company posted $1.92 earnings per share. As a group, equities analysts forecast that MarketAxess Holdings Inc. will post 7.79 earnings per share for the current year.

MarketAxess Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 4th. Stockholders of record on Wednesday, May 21st were paid a $0.76 dividend. The ex-dividend date was Wednesday, May 21st. This represents a $3.04 dividend on an annualized basis and a dividend yield of 1.37%. MarketAxess's dividend payout ratio (DPR) is presently 52.87%.

Analysts Set New Price Targets

MKTX has been the topic of a number of analyst reports. UBS Group decreased their price objective on shares of MarketAxess from $305.00 to $295.00 and set a "buy" rating on the stock in a research report on Monday, April 7th. Wall Street Zen lowered shares of MarketAxess from a "hold" rating to a "sell" rating in a research note on Friday. Keefe, Bruyette & Woods boosted their price objective on shares of MarketAxess from $223.00 to $226.00 and gave the stock a "market perform" rating in a research note on Thursday, May 8th. Barclays upped their target price on shares of MarketAxess from $232.00 to $240.00 and gave the stock an "equal weight" rating in a research note on Thursday, May 8th. Finally, William Blair started coverage on shares of MarketAxess in a research note on Friday, April 4th. They issued an "outperform" rating on the stock. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and an average price target of $241.78.

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.

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