Oregon Public Employees Retirement Fund Sells 516 Shares of MarketAxess Holdings Inc. (NASDAQ:MKTX)

Oregon Public Employees Retirement Fund reduced its stake in shares of MarketAxess Holdings Inc. (NASDAQ:MKTXGet Rating) by 7.5% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 6,394 shares of the financial services provider’s stock after selling 516 shares during the quarter. Oregon Public Employees Retirement Fund’s holdings in MarketAxess were worth $1,423,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Desjardins Global Asset Management Inc. purchased a new stake in shares of MarketAxess during the second quarter worth about $27,000. Parkside Financial Bank & Trust boosted its holdings in shares of MarketAxess by 250.0% during the second quarter. Parkside Financial Bank & Trust now owns 140 shares of the financial services provider’s stock worth $36,000 after purchasing an additional 100 shares during the period. First Horizon Advisors Inc. lifted its holdings in MarketAxess by 1,345.5% in the second quarter. First Horizon Advisors Inc. now owns 159 shares of the financial services provider’s stock worth $40,000 after buying an additional 148 shares during the period. Parallel Advisors LLC lifted its holdings in MarketAxess by 47.0% in the second quarter. Parallel Advisors LLC now owns 194 shares of the financial services provider’s stock worth $50,000 after buying an additional 62 shares during the period. Finally, Private Trust Co. NA purchased a new stake in MarketAxess in the second quarter worth about $50,000. 96.78% of the stock is owned by institutional investors.

MarketAxess Stock Up 2.7 %

Shares of MKTX opened at $335.98 on Friday. The company has a market capitalization of $12.65 billion, a P/E ratio of 52.17 and a beta of 0.64. The firm has a 50 day moving average of $285.27 and a 200 day moving average of $263.19. MarketAxess Holdings Inc. has a twelve month low of $217.44 and a twelve month high of $390.13.

MarketAxess (NASDAQ:MKTXGet Rating) last announced its quarterly earnings results on Wednesday, October 19th. The financial services provider reported $1.58 earnings per share for the quarter, beating the consensus estimate of $1.49 by $0.09. The company had revenue of $172.10 million during the quarter, compared to the consensus estimate of $172.41 million. MarketAxess had a net margin of 34.47% and a return on equity of 23.89%. The firm’s quarterly revenue was up 6.2% compared to the same quarter last year. During the same quarter last year, the firm earned $1.52 earnings per share. On average, sell-side analysts expect that MarketAxess Holdings Inc. will post 6.61 EPS for the current year.

Wall Street Analysts Forecast Growth

Several analysts have commented on MKTX shares. Keefe, Bruyette & Woods raised their price objective on shares of MarketAxess from $282.00 to $325.00 and gave the stock a “market perform” rating in a report on Thursday, January 12th. StockNews.com started coverage on shares of MarketAxess in a report on Wednesday, October 12th. They issued a “hold” rating for the company. Credit Suisse Group raised their price objective on shares of MarketAxess from $284.00 to $294.00 and gave the stock a “neutral” rating in a report on Wednesday, December 7th. Piper Sandler decreased their target price on shares of MarketAxess from $285.00 to $270.00 and set a “neutral” rating for the company in a research note on Wednesday, October 5th. Finally, Citigroup raised their target price on shares of MarketAxess from $285.00 to $360.00 in a research note on Thursday, January 12th. One research analyst has rated the stock with a sell rating, ten have given a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $298.20.

About MarketAxess

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MarketAxess Holdings, Inc operates as an electronic trading platform that allows investment industry professionals to trade corporate bonds and other types of fixed-income instruments. It also provides data and analytical tools that help its clients to make trading decisions and facilitate the trading process by electronically communicating order information between trading counterparties.

See Also

Institutional Ownership by Quarter for MarketAxess (NASDAQ:MKTX)

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