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

Ownership Capital B.V. reduced its position in shares of MarketAxess Holdings Inc. (NASDAQ:MKTX - Free Report) by 3.3% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 770,632 shares of the financial services provider's stock after selling 26,324 shares during the quarter. MarketAxess comprises approximately 5.0% of Ownership Capital B.V.'s holdings, making the stock its 9th largest holding. Ownership Capital B.V. owned 2.03% of MarketAxess worth $225,680,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Gladius Capital Management LP boosted its position in shares of 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 acquiring an additional 38 shares during the last quarter. Massmutual Trust Co. FSB ADV lifted its position in 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 buying an additional 43 shares during the last quarter. Alliance Wealth Advisors LLC UT lifted its position in 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 buying an additional 48 shares during the last quarter. Fifth Third Bancorp lifted its position 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 buying an additional 50 shares during the last quarter. Finally, Precision Wealth Strategies LLC lifted its position in MarketAxess by 4.7% in the third quarter. Precision Wealth Strategies LLC now owns 1,167 shares of the financial services provider's stock worth $249,000 after buying an additional 52 shares during the last quarter. 99.01% of the stock is currently owned by institutional investors.

MarketAxess Trading Up 0.1 %

Shares of MarketAxess stock traded up $0.21 during trading on Friday, hitting $201.79. 253,643 shares of the stock traded hands, compared to its average volume of 334,279. The stock's fifty day simple moving average is $214.73 and its 200 day simple moving average is $236.62. 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 P/E ratio of 29.46, a price-to-earnings-growth ratio of 4.21 and a beta of 0.98.

MarketAxess (NASDAQ:MKTX - Get Free Report) last issued its quarterly earnings results on Wednesday, January 31st. The financial services provider reported $1.84 earnings per share 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 the consensus estimate of $196.70 million. MarketAxess had a return on equity of 21.76% and a net margin of 34.29%. The company's quarterly revenue was up 10.8% on a year-over-year basis. During the same quarter last year, the company earned $1.58 earnings per share. As a group, equities analysts expect that MarketAxess Holdings Inc. will post 7.28 EPS for the current year.

Insiders Place Their Bets

In other MarketAxess news, CRO Kevin M. Mcpherson sold 2,000 shares of the firm's stock in a transaction dated Friday, February 16th. The stock was 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 owns 70,092 shares of the company's stock, valued at $15,508,555.92. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Corporate insiders own 2.00% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on MKTX. Piper Sandler lowered their price target on MarketAxess from $250.00 to $237.00 and set a "neutral" rating for the company in a research report on Friday, April 12th. Bank of America began coverage on MarketAxess in a research report on Wednesday, April 10th. They issued an "underperform" rating and a $199.00 price target for the company. The Goldman Sachs Group lowered their price target on MarketAxess from $263.00 to $225.00 and set a "neutral" rating for the company in a research report on Thursday, February 1st. William Blair restated an "outperform" rating on shares of MarketAxess in a research report on Tuesday, January 23rd. Finally, Morgan Stanley increased their target price on MarketAxess from $278.00 to $279.00 and gave the stock an "equal weight" rating in a research note on Tuesday, April 9th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and three have issued a buy rating to the company's stock. According to MarketBeat, MarketAxess presently has an average rating of "Hold" and a consensus target price of $252.80.

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.