Retirement Systems of Alabama increased its stake in shares of MarketAxess Holdings Inc. (NASDAQ:MKTX) by 0.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 58,541 shares of the financial services provider’s stock after acquiring an additional 188 shares during the quarter. Retirement Systems of Alabama owned about 0.16% of MarketAxess worth $12,370,000 at the end of the most recent quarter.
Other large investors also recently modified their holdings of the company. Vectors Research Management LLC bought a new position in shares of MarketAxess during the third quarter worth $100,000. First Hawaiian Bank bought a new position in shares of MarketAxess during the third quarter worth $113,000. Paradigm Asset Management Co. LLC boosted its position in shares of MarketAxess by 11.8% during the third quarter. Paradigm Asset Management Co. LLC now owns 950 shares of the financial services provider’s stock worth $170,000 after acquiring an additional 100 shares during the last quarter. Alps Advisors Inc. bought a new position in shares of MarketAxess during the second quarter worth $205,000. Finally, Commerce Bank bought a new position in shares of MarketAxess during the third quarter worth $217,000. Hedge funds and other institutional investors own 99.17% of the company’s stock.
In related news, CEO Richard M. Mcvey sold 23,842 shares of the company’s stock in a transaction on Tuesday, October 30th. The shares were sold at an average price of $211.93, for a total transaction of $5,052,835.06. Following the sale, the chief executive officer now owns 1,054,986 shares of the company’s stock, valued at $223,583,182.98. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Kevin M. Mcpherson sold 2,500 shares of the company’s stock in a transaction on Tuesday, November 20th. The shares were sold at an average price of $216.89, for a total transaction of $542,225.00. The disclosure for this sale can be found here. 3.52% of the stock is owned by corporate insiders.
MarketAxess stock opened at $212.59 on Friday. The firm has a market cap of $8.01 billion, a P/E ratio of 54.51, a price-to-earnings-growth ratio of 8.26 and a beta of 0.18. MarketAxess Holdings Inc. has a 52-week low of $172.09 and a 52-week high of $231.33.
MarketAxess (NASDAQ:MKTX) last released its quarterly earnings results on Wednesday, October 24th. The financial services provider reported $1.02 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.93 by $0.09. The company had revenue of $101.44 million for the quarter, compared to the consensus estimate of $101.19 million. MarketAxess had a net margin of 37.97% and a return on equity of 29.40%. MarketAxess’s revenue was up 6.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.90 earnings per share. As a group, equities analysts forecast that MarketAxess Holdings Inc. will post 4.51 EPS for the current year.
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MarketAxess Holdings Inc, together with its subsidiaries, operates an electronic trading platform that enables fixed-income market participants to trade corporate bonds and other types of fixed-income instruments worldwide. It offers institutional investor and broker-dealer the access to global liquidity in U.S.
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