Public Employees Retirement Association of Colorado boosted its holdings in shares of MarketAxess Holdings Inc. (NASDAQ:MKTX - Free Report) by 19.3% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 63,186 shares of the financial services provider's stock after acquiring an additional 10,200 shares during the quarter. Public Employees Retirement Association of Colorado owned 0.17% of MarketAxess worth $14,283,000 at the end of the most recent quarter.
Other hedge funds have also made changes to their positions in the company. Global X Japan Co. Ltd. grew its stake in MarketAxess by 179.5% in the fourth quarter. Global X Japan Co. Ltd. now owns 109 shares of the financial services provider's stock valued at $25,000 after purchasing an additional 70 shares in the last quarter. Allianz SE bought a new position in MarketAxess in the 4th quarter worth approximately $27,000. Smartleaf Asset Management LLC boosted its holdings in MarketAxess by 495.2% in the 4th quarter. Smartleaf Asset Management LLC now owns 125 shares of the financial services provider's stock valued at $28,000 after purchasing an additional 104 shares during the period. SRS Capital Advisors Inc. grew its position in MarketAxess by 13,900.0% during the fourth quarter. SRS Capital Advisors Inc. now owns 140 shares of the financial services provider's stock worth $32,000 after buying an additional 139 shares in the last quarter. Finally, Huntington National Bank raised its stake in shares of MarketAxess by 185.7% in the fourth quarter. Huntington National Bank now owns 160 shares of the financial services provider's stock valued at $36,000 after purchasing an additional 104 shares in the last quarter. 99.01% of the stock is owned by hedge funds and other institutional investors.
MarketAxess Stock Performance
Shares of NASDAQ MKTX opened at $219.00 on Monday. MarketAxess Holdings Inc. has a 52-week low of $186.84 and a 52-week high of $296.68. The stock has a market cap of $8.25 billion, a P/E ratio of 30.12, a P/E/G ratio of 3.89 and a beta of 1.12. The firm has a 50 day moving average price of $210.22 and a 200 day moving average price of $231.99.
MarketAxess (NASDAQ:MKTX - Get Free Report) last released its quarterly earnings data on Thursday, February 6th. The financial services provider reported $1.73 EPS for the quarter, beating analysts' consensus estimates of $1.70 by $0.03. MarketAxess had a net margin of 33.56% and a return on equity of 20.23%. Analysts predict that MarketAxess Holdings Inc. will post 7.79 earnings per share for the current fiscal year.
Wall Street Analysts Forecast Growth
A number of research firms have weighed in on MKTX. Piper Sandler decreased their price objective on MarketAxess from $220.00 to $213.00 and set a "neutral" rating on the stock in a report on Tuesday, April 8th. The Goldman Sachs Group dropped their target price on shares of MarketAxess from $235.00 to $210.00 and set a "neutral" rating for the company in a research report on Monday, February 10th. William Blair started coverage on shares of MarketAxess in a research note on Friday, April 4th. They set an "outperform" rating on the stock. UBS Group decreased their price target on MarketAxess from $305.00 to $295.00 and set a "buy" rating on the stock in a research report on Monday, April 7th. Finally, Morgan Stanley upgraded MarketAxess from an "equal weight" rating to an "overweight" rating in a report on Tuesday, April 8th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and four have issued a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $252.11.
Get Our Latest Stock Report on MarketAxess
About MarketAxess
(
Free Report)
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.
Featured Articles
Want to see what other hedge funds are holding MKTX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for MarketAxess Holdings Inc. (NASDAQ:MKTX - Free Report).
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider MarketAxess, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and MarketAxess wasn't on the list.
While MarketAxess currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Which stocks are hedge funds and endowments buying in today's market? Enter your email address and we'll send you MarketBeat's list of thirteen stocks that institutional investors are buying now.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
