Cwm LLC Acquires 215 Shares of MarketAxess Holdings Inc. (NASDAQ:MKTX)

Cwm LLC raised its holdings in MarketAxess Holdings Inc. (NASDAQ:MKTX) by 39.5% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 759 shares of the financial services provider’s stock after acquiring an additional 215 shares during the quarter. Cwm LLC’s holdings in MarketAxess were worth $194,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Kingsview Wealth Management LLC acquired a new stake in shares of MarketAxess in the 1st quarter valued at approximately $7,866,000. SG Americas Securities LLC raised its holdings in MarketAxess by 174.2% in the first quarter. SG Americas Securities LLC now owns 6,743 shares of the financial services provider’s stock worth $1,478,000 after purchasing an additional 4,284 shares during the period. Choate Investment Advisors bought a new position in shares of MarketAxess during the first quarter worth $752,000. Entropy Technologies LP acquired a new position in shares of MarketAxess in the 1st quarter valued at $882,000. Finally, ProShare Advisors LLC raised its stake in MarketAxess by 48.4% during the 1st quarter. ProShare Advisors LLC now owns 11,615 shares of the financial services provider’s stock worth $2,547,000 after buying an additional 3,787 shares during the period. Institutional investors and hedge funds own 99.01% of the company’s stock.

MarketAxess Trading Down 0.5 %

MKTX stock opened at $288.89 on Thursday. MarketAxess Holdings Inc. has a one year low of $192.42 and a one year high of $297.97. The stock has a market cap of $10.95 billion, a price-to-earnings ratio of 42.42, a price-to-earnings-growth ratio of 7.24 and a beta of 1.08. The company has a fifty day moving average price of $258.85 and a two-hundred day moving average price of $227.27. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.91 and a quick ratio of 2.91.

MarketAxess (NASDAQ:MKTX) last announced its earnings results on Tuesday, August 6th. The financial services provider reported $1.72 EPS for the quarter, topping the consensus estimate of $1.68 by $0.04. The business had revenue of $197.70 million during the quarter, compared to the consensus estimate of $198.07 million. MarketAxess had a net margin of 33.71% and a return on equity of 20.43%. MarketAxess’s revenue was up 9.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.63 EPS. Equities analysts anticipate that MarketAxess Holdings Inc. will post 7.16 EPS for the current year.

MarketAxess announced that its board has authorized a share repurchase plan on Tuesday, August 6th that allows the company to repurchase $250.00 million in shares. This repurchase authorization allows the financial services provider to purchase up to 2.8% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s management believes its shares are undervalued.

Insider Activity

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

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on MKTX shares. Bank of America decreased their target price on MarketAxess from $193.00 to $185.00 and set an “underperform” rating for the company in a research note on Thursday, October 3rd. Barclays increased their target price on MarketAxess from $237.00 to $268.00 and gave the stock an “equal weight” rating in a research note on Monday, October 7th. The Goldman Sachs Group increased their price objective on shares of MarketAxess from $204.00 to $233.00 and gave the stock a “neutral” rating in a research report on Monday, September 30th. StockNews.com raised shares of MarketAxess from a “sell” rating to a “hold” rating in a research report on Wednesday, August 7th. Finally, Deutsche Bank Aktiengesellschaft increased their target price on MarketAxess from $218.00 to $223.00 and gave the stock a “hold” rating in a report on Thursday, August 15th. Two 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 has a consensus rating of “Hold” and an average target price of $253.30.

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.