Duality Advisers LP Sells 3,643 Shares of MarketAxess Holdings Inc. (NASDAQ:MKTX)

Duality Advisers LP cut its stake in shares of MarketAxess Holdings Inc. (NASDAQ:MKTX) by 77.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,047 shares of the financial services provider’s stock after selling 3,643 shares during the period. Duality Advisers LP’s holdings in MarketAxess were worth $307,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. CWM LLC increased its position 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 purchasing an additional 234 shares during the last quarter. IFP Advisors Inc grew its position in 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 acquiring an additional 160 shares during the last quarter. SG Americas Securities LLC grew its position in MarketAxess by 126.2% during the third quarter. SG Americas Securities LLC now owns 9,010 shares of the financial services provider’s stock valued at $1,925,000 after acquiring an additional 5,026 shares during the last quarter. Czech National Bank grew its position in MarketAxess by 47.7% during the third quarter. Czech National Bank now owns 6,585 shares of the financial services provider’s stock valued at $1,407,000 after acquiring an additional 2,126 shares during the last quarter. Finally, Fjarde AP Fonden Fourth Swedish National Pension Fund grew its position in MarketAxess by 11.3% during the third 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. 99.01% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

MKTX has been the topic of a number of recent research reports. Rosenblatt Securities reduced their price target on shares of MarketAxess from $229.00 to $210.00 and set a “sell” rating on the stock in a research report on Thursday, February 1st. Barclays reduced their price target on shares of MarketAxess from $239.00 to $236.00 and set an “equal weight” rating on the stock in a research report on Monday, April 8th. Morgan Stanley increased their price target on shares of MarketAxess from $278.00 to $279.00 and gave the company an “equal weight” rating in a research report on Tuesday, April 9th. William Blair reissued an “outperform” rating on shares of MarketAxess in a research note on Tuesday, January 23rd. Finally, Piper Sandler dropped their price objective on MarketAxess from $250.00 to $237.00 and set a “neutral” rating for the company in a research note on Friday, April 12th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, MarketAxess presently has a consensus rating of “Hold” and an average price target of $252.80.

MarketAxess Stock Up 0.1 %

Shares of MKTX stock opened at $201.79 on Friday. The stock has a fifty day moving average of $215.07 and a 200 day moving average of $236.86. MarketAxess Holdings Inc. has a 52 week low of $199.34 and a 52 week high of $322.25. The firm has a market capitalization of $7.59 billion, a price-to-earnings ratio of 29.46, a PEG ratio of 4.21 and a beta of 0.98.

MarketAxess (NASDAQ:MKTX) last released its quarterly earnings results on Wednesday, January 31st. The financial services provider reported $1.84 EPS for the quarter, beating the consensus estimate of $1.73 by $0.11. MarketAxess had a net margin of 34.29% and a return on equity of 21.76%. The firm had revenue of $197.20 million during the quarter, compared to analyst estimates of $196.70 million. During the same quarter in the prior year, the firm earned $1.58 EPS. The business’s revenue for the quarter was up 10.8% compared to the same quarter last year. Equities research analysts anticipate that MarketAxess Holdings Inc. will post 7.28 earnings per share for the current year.

Insider Activity

In related news, CRO Kevin M. Mcpherson sold 2,000 shares of the business’s stock in a transaction that occurred on Friday, February 16th. The stock was sold at an average price of $221.26, for a total transaction of $442,520.00. Following the completion of the transaction, the executive now directly owns 70,092 shares in the company, valued at approximately $15,508,555.92. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders own 2.00% of the company’s stock.

MarketAxess Profile

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.