MarketAxess Holdings Inc. (NASDAQ:MKTX) Shares Purchased by New York State Common Retirement Fund

New York State Common Retirement Fund boosted its position in shares of MarketAxess Holdings Inc. (NASDAQ:MKTX - Free Report) by 27.9% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 96,476 shares of the financial services provider's stock after acquiring an additional 21,041 shares during the period. New York State Common Retirement Fund owned 0.25% of MarketAxess worth $28,253,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Gladius Capital Management LP grew its holdings in MarketAxess by 39.6% during the 3rd quarter. Gladius Capital Management LP now owns 134 shares of the financial services provider's stock valued at $29,000 after buying an additional 38 shares in the last quarter. Massmutual Trust Co. FSB ADV grew its holdings in MarketAxess by 47.3% during the 4th quarter. Massmutual Trust Co. FSB ADV now owns 134 shares of the financial services provider's stock valued at $39,000 after buying an additional 43 shares in the last quarter. Fifth Third Bancorp grew its holdings in MarketAxess by 1.4% during the 4th quarter. Fifth Third Bancorp now owns 3,618 shares of the financial services provider's stock valued at $1,060,000 after buying an additional 50 shares in the last quarter. Precision Wealth Strategies LLC grew its holdings in MarketAxess by 4.7% during the 3rd quarter. Precision Wealth Strategies LLC now owns 1,167 shares of the financial services provider's stock valued at $249,000 after buying an additional 52 shares in the last quarter. Finally, Sumitomo Mitsui DS Asset Management Company Ltd grew its holdings in shares of MarketAxess by 1.6% in the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 3,341 shares of the financial services provider's stock valued at $714,000 after purchasing an additional 52 shares in the last quarter. Institutional investors own 99.01% of the company's stock.

MarketAxess Stock Up 0.1 %

MarketAxess stock traded up $0.21 during midday trading on Friday, reaching $201.79. The stock had a trading volume of 253,631 shares, compared to its average volume of 416,860. MarketAxess Holdings Inc. has a 52-week low of $199.34 and a 52-week high of $322.25. The firm has a market cap of $7.59 billion, a price-to-earnings ratio of 29.46, a price-to-earnings-growth ratio of 4.27 and a beta of 0.98. The company has a fifty day moving average of $215.07 and a 200 day moving average of $236.86.

MarketAxess (NASDAQ:MKTX - Get Free Report) last posted its quarterly earnings data on Wednesday, January 31st. The financial services provider reported $1.84 earnings per share for the quarter, topping analysts' consensus estimates of $1.73 by $0.11. MarketAxess had a net margin of 34.29% and a return on equity of 21.76%. The company had revenue of $197.20 million for the quarter, compared to analyst estimates of $196.70 million. During the same period in the prior year, the company posted $1.58 EPS. The firm's revenue for the quarter was up 10.8% on a year-over-year basis. Equities research analysts predict that MarketAxess Holdings Inc. will post 7.28 EPS for the current year.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on MKTX shares. Piper Sandler decreased their price target on shares of MarketAxess from $250.00 to $237.00 and set a "neutral" rating on the stock in a research note on Friday, April 12th. Barclays decreased their target price on shares of MarketAxess from $239.00 to $236.00 and set an "equal weight" rating on the stock in a research report on Monday, April 8th. William Blair restated an "outperform" rating on shares of MarketAxess in a research report on Tuesday, January 23rd. Morgan Stanley upped their target price on shares of MarketAxess from $278.00 to $279.00 and gave the company an "equal weight" rating in a research report on Tuesday, April 9th. Finally, The Goldman Sachs Group decreased their target price on shares of MarketAxess from $263.00 to $225.00 and set a "neutral" rating on the stock in a research report on Thursday, February 1st. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and three have given a buy rating to the stock. According to MarketBeat, MarketAxess has an average rating of "Hold" and a consensus price target of $252.80.

Insiders Place Their Bets

In other MarketAxess news, CRO Kevin M. Mcpherson sold 2,000 shares of the company's stock in a transaction dated Friday, February 16th. The shares were sold at an average price of $221.26, for a total value of $442,520.00. Following the transaction, the executive now directly owns 70,092 shares in the company, valued at approximately $15,508,555.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 2.00% of the company's stock.

MarketAxess 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.