Roman Butler Fullerton & Co. Invests $227,000 in MarketAxess Holdings Inc. (NASDAQ:MKTX)

Roman Butler Fullerton & Co. bought a new position in shares of MarketAxess Holdings Inc. (NASDAQ:MKTX) in the 3rd quarter, Holdings Channel reports. The fund bought 886 shares of the financial services provider’s stock, valued at approximately $227,000.

Other large investors have also added to or reduced their stakes in the company. Vanguard Group Inc. grew its stake in MarketAxess by 0.3% in the first quarter. Vanguard Group Inc. now owns 4,539,440 shares of the financial services provider’s stock valued at $995,272,000 after acquiring an additional 13,018 shares during the period. GUARDCAP ASSET MANAGEMENT Ltd grew its stake in MarketAxess by 30.3% in the first quarter. GUARDCAP ASSET MANAGEMENT Ltd now owns 2,425,897 shares of the financial services provider’s stock valued at $531,878,000 after acquiring an additional 564,820 shares during the period. Van ECK Associates Corp grew its stake in MarketAxess by 10.3% in the second quarter. Van ECK Associates Corp now owns 1,828,055 shares of the financial services provider’s stock valued at $366,580,000 after acquiring an additional 170,095 shares during the period. Primecap Management Co. CA grew its stake in MarketAxess by 18.2% in the second quarter. Primecap Management Co. CA now owns 1,330,880 shares of the financial services provider’s stock valued at $266,881,000 after acquiring an additional 204,960 shares during the period. Finally, Marshall Wace LLP grew its stake in MarketAxess by 53.5% in the second quarter. Marshall Wace LLP now owns 820,060 shares of the financial services provider’s stock valued at $164,447,000 after acquiring an additional 285,665 shares during the period. Institutional investors and hedge funds own 99.01% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have commented on the company. Bank of America reduced their price objective on MarketAxess from $193.00 to $185.00 and set an “underperform” rating for the company in a research note on Thursday, October 3rd. Piper Sandler upped their price target on MarketAxess from $235.00 to $265.00 and gave the stock a “neutral” rating in a report on Tuesday, October 8th. The Goldman Sachs Group upped their price target on MarketAxess from $204.00 to $233.00 and gave the stock a “neutral” rating in a report on Monday, September 30th. StockNews.com upgraded MarketAxess from a “sell” rating to a “hold” rating in a report on Wednesday, August 7th. Finally, Deutsche Bank Aktiengesellschaft upped their price target on MarketAxess from $218.00 to $223.00 and gave the stock a “hold” rating in a report on Thursday, August 15th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, MarketAxess currently has an average rating of “Hold” and a consensus target price of $253.30.

MarketAxess Stock Up 0.1 %

MKTX stock opened at $287.60 on Tuesday. The stock’s fifty day simple moving average is $267.67 and its two-hundred day simple moving average is $231.68. The company has a current ratio of 2.91, a quick ratio of 2.91 and a debt-to-equity ratio of 0.01. MarketAxess Holdings Inc. has a 1-year low of $192.42 and a 1-year high of $297.97. The stock has a market cap of $10.86 billion, a P/E ratio of 41.44, a P/E/G ratio of 9.03 and a beta of 1.05.

MarketAxess (NASDAQ:MKTX) last posted its quarterly earnings data on Tuesday, August 6th. The financial services provider reported $1.72 earnings per share for the quarter, topping the consensus estimate of $1.68 by $0.04. MarketAxess had a return on equity of 20.43% and a net margin of 33.71%. The business had revenue of $197.70 million for the quarter, compared to analysts’ expectations of $198.07 million. During the same quarter in the previous year, the firm earned $1.63 earnings per share. The business’s revenue was up 9.9% on a year-over-year basis. Analysts expect that MarketAxess Holdings Inc. will post 7.26 EPS for the current year.

MarketAxess announced that its Board of Directors has initiated a share repurchase program on Tuesday, August 6th that authorizes the company to buyback $250.00 million in outstanding shares. This buyback authorization authorizes the financial services provider to buy up to 2.8% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s board believes its stock is undervalued.

Insider Activity

In related news, insider Christophe Pierre Danie Roupie sold 617 shares of the stock in a transaction dated Thursday, August 8th. The stock was sold at an average price of $231.63, for a total transaction of $142,915.71. Following the sale, the insider now owns 7,409 shares of the company’s stock, valued at approximately $1,716,146.67. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 2.66% of the company’s stock.

MarketAxess Company 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.