Mackenzie Financial Corp Sells 887 Shares of MarketAxess Holdings Inc. (NASDAQ:MKTX)

Mackenzie Financial Corp decreased its position in shares of MarketAxess Holdings Inc. (NASDAQ:MKTX) by 31.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,964 shares of the financial services provider’s stock after selling 887 shares during the quarter. Mackenzie Financial Corp’s holdings in MarketAxess were worth $575,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. CWM LLC grew its stake in shares of MarketAxess by 51.1% in the third quarter. CWM LLC now owns 692 shares of the financial services provider’s stock worth $148,000 after acquiring an additional 234 shares during the period. IFP Advisors Inc raised its position in shares of MarketAxess by 25.4% during the third quarter. IFP Advisors Inc now owns 789 shares of the financial services provider’s stock valued at $169,000 after buying an additional 160 shares during the last quarter. SG Americas Securities LLC lifted its stake in MarketAxess by 126.2% in the 3rd quarter. SG Americas Securities LLC now owns 9,010 shares of the financial services provider’s stock worth $1,925,000 after purchasing an additional 5,026 shares in the last quarter. Czech National Bank lifted its position in shares of MarketAxess by 47.7% in the third quarter. Czech National Bank now owns 6,585 shares of the financial services provider’s stock worth $1,407,000 after buying an additional 2,126 shares in the last quarter. Finally, Fjarde AP Fonden Fourth Swedish National Pension Fund boosted its position in shares of MarketAxess by 11.3% during the 3rd quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 9,320 shares of the financial services provider’s stock valued at $1,991,000 after acquiring an additional 944 shares during the last quarter. Institutional investors own 99.01% of the company’s stock.

MarketAxess Stock Up 0.1 %

Shares of MKTX opened at $201.79 on Friday. MarketAxess Holdings Inc. has a 52 week low of $199.34 and a 52 week high of $322.25. The company has a market capitalization of $7.59 billion, a price-to-earnings ratio of 29.46, a PEG ratio of 4.27 and a beta of 0.98. The stock’s 50-day moving average price is $215.07 and its 200-day moving average price is $236.86.

MarketAxess (NASDAQ:MKTX) last released its quarterly earnings results 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 return on equity of 21.76% and a net margin of 34.29%. The company had revenue of $197.20 million during the quarter, compared to analysts’ expectations of $196.70 million. During the same quarter in the prior year, the firm posted $1.58 EPS. MarketAxess’s quarterly revenue was up 10.8% compared to the same quarter last year. As a group, equities analysts anticipate that MarketAxess Holdings Inc. will post 7.28 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on MKTX shares. William Blair restated an “outperform” rating on shares of MarketAxess in a report on Tuesday, January 23rd. Morgan Stanley increased their price objective on shares of MarketAxess from $278.00 to $279.00 and gave the company an “equal weight” rating in a research note on Tuesday, April 9th. Bank of America began coverage on MarketAxess in a research note on Wednesday, April 10th. They issued an “underperform” rating and a $199.00 target price on the stock. Barclays reduced their price target on MarketAxess from $239.00 to $236.00 and set an “equal weight” rating on the stock in a research report on Monday, April 8th. Finally, Piper Sandler decreased their price objective on shares of MarketAxess from $250.00 to $237.00 and set a “neutral” rating for the company in a research report on Friday, April 12th. Two research analysts have rated the stock with a sell rating, six have given a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, MarketAxess presently has a consensus rating of “Hold” and a consensus price target of $252.80.

Insider Buying and Selling at MarketAxess

In other MarketAxess news, CRO Kevin M. Mcpherson sold 2,000 shares of the company’s stock in a transaction on 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 directly owns 70,092 shares in the company, valued at approximately $15,508,555.92. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Insiders own 2.00% of the company’s stock.

About MarketAxess

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.