5,425 Shares in MarketAxess Holdings Inc. $MKTX Acquired by Parvin Asset Management LLC

Parvin Asset Management LLC purchased a new stake in shares of MarketAxess Holdings Inc. (NASDAQ:MKTX) in the 2nd quarter, HoldingsChannel reports. The fund purchased 5,425 shares of the financial services provider’s stock, valued at approximately $616,000.

A number of other institutional investors also recently bought and sold shares of the stock. BlackRock Inc. purchased a new position in shares of MarketAxess in the second quarter worth $453,941,000. Primecap Management Co. CA acquired a new position in shares of MarketAxess in the 2nd quarter valued at about $397,772,000. AQR Capital Management LLC boosted its position in MarketAxess by 169.0% in the 4th quarter. AQR Capital Management LLC now owns 2,558,097 shares of the financial services provider’s stock worth $463,655,000 after purchasing an additional 1,607,009 shares in the last quarter. North Reef Capital Management LP boosted its holdings in MarketAxess by 16.5% during the first quarter. North Reef Capital Management LP now owns 1,875,000 shares of the financial services provider’s stock worth $309,338,000 after buying an additional 265,670 shares in the last quarter. Finally, State Street Corp boosted its stake in shares of MarketAxess by 4.6% during the 2nd quarter. State Street Corp now owns 1,532,696 shares of the financial services provider’s stock worth $342,312,000 after acquiring an additional 67,290 shares in the last quarter. 99.01% of the stock is currently owned by institutional investors and hedge funds.

MarketAxess Stock Up 0.0%

Shares of NASDAQ MKTX opened at $162.52 on Thursday. The company has a quick ratio of 1.85, a current ratio of 1.85 and a debt-to-equity ratio of 0.09. The stock has a market cap of $5.72 billion, a PE ratio of 19.17, a price-to-earnings-growth ratio of 2.07 and a beta of 0.83. The business has a 50-day moving average price of $134.45 and a 200 day moving average price of $150.74. MarketAxess Holdings Inc. has a 52-week low of $108.75 and a 52-week high of $195.96.

MarketAxess (NASDAQ:MKTX) last announced its earnings results on Thursday, July 30th. The financial services provider reported $1.95 EPS for the quarter, beating analysts’ consensus estimates of $1.85 by $0.10. The business had revenue of $218.41 million for the quarter, compared to analysts’ expectations of $216.70 million. MarketAxess had a net margin of 35.22% and a return on equity of 22.48%. The company’s quarterly revenue was down .5% on a year-over-year basis. During the same period in the previous year, the company posted $2.00 EPS. Equities research analysts forecast that MarketAxess Holdings Inc. will post 8.06 earnings per share for the current year.

MarketAxess Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 2nd. Stockholders of record on Wednesday, August 19th will be issued a $0.78 dividend. The ex-dividend date of this dividend is Wednesday, August 19th. This represents a $3.12 dividend on an annualized basis and a dividend yield of 1.9%. MarketAxess’s payout ratio is presently 36.79%.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on MKTX. William Blair lowered shares of MarketAxess from an “outperform” rating to a “market perform” rating in a research report on Thursday, July 30th. UBS Group downgraded MarketAxess from a “buy” rating to a “neutral” rating and cut their target price for the stock from $200.00 to $167.00 in a research note on Friday, July 31st. Wall Street Zen lowered shares of MarketAxess from a “hold” rating to a “sell” rating in a research report on Saturday, August 1st. The Goldman Sachs Group decreased their target price on shares of MarketAxess from $168.00 to $130.00 and set a “neutral” rating on the stock in a research report on Tuesday, June 30th. Finally, Weiss Ratings restated a “sell (d+)” rating on shares of MarketAxess in a research report on Monday, August 3rd. One analyst has rated the stock with a Buy rating, eleven have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $156.10.

About MarketAxess

MarketAxess Holdings Inc operates a leading global electronic trading platform specializing in fixed-income securities and related products. The company’s network enables institutional investors and broker-dealers to trade corporate bonds, municipal securities, emerging markets debt, U.S. Treasuries and credit default swaps in an automated, multi-dealer environment. MarketAxess also offers portfolio trading, data analytics, best-execution tools and post-trade services to streamline workflows and enhance price discovery across its marketplace.

In addition to core voice-like trading protocols, MarketAxess provides Open Trading®, an anonymous, all-to-all trading protocol designed to improve liquidity and transaction efficiency.