GAMMA Investing LLC Has $159,000 Stock Position in MarketAxess Holdings Inc. (NASDAQ:MKTX)

GAMMA Investing LLC boosted its stake in shares of MarketAxess Holdings Inc. (NASDAQ:MKTX) by 40.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 704 shares of the financial services provider’s stock after purchasing an additional 202 shares during the quarter. GAMMA Investing LLC’s holdings in MarketAxess were worth $159,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the stock. Accent Capital Management LLC bought a new position in shares of MarketAxess during the 3rd quarter worth about $25,000. Goodman Advisory Group LLC bought a new stake in shares of MarketAxess in the second quarter valued at about $27,000. Exchange Traded Concepts LLC acquired a new stake in MarketAxess during the third quarter worth about $54,000. Livforsakringsbolaget Skandia Omsesidigt increased its stake in MarketAxess by 555.6% during the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 236 shares of the financial services provider’s stock valued at $60,000 after acquiring an additional 200 shares during the period. Finally, Assetmark Inc. raised its holdings in MarketAxess by 160.3% in the 3rd quarter. Assetmark Inc. now owns 380 shares of the financial services provider’s stock valued at $97,000 after acquiring an additional 234 shares in the last quarter. 99.01% of the stock is currently owned by institutional investors and hedge funds.

MarketAxess Trading Up 0.2 %

Shares of MarketAxess stock opened at $219.60 on Thursday. MarketAxess Holdings Inc. has a 1-year low of $192.42 and a 1-year high of $296.68. The firm’s 50-day moving average price is $251.02 and its two-hundred day moving average price is $245.69. The stock has a market capitalization of $8.28 billion, a price-to-earnings ratio of 29.76, a P/E/G ratio of 9.49 and a beta of 1.03.

MarketAxess (NASDAQ:MKTX) last released its quarterly earnings results on Wednesday, November 6th. The financial services provider reported $1.90 EPS for the quarter, topping analysts’ consensus estimates of $1.85 by $0.05. MarketAxess had a return on equity of 20.93% and a net margin of 34.32%. The business had revenue of $206.70 million for the quarter, compared to analyst estimates of $207.17 million. During the same period in the prior year, the company earned $1.46 EPS. MarketAxess’s revenue for the quarter was up 20.0% on a year-over-year basis. As a group, equities research analysts predict that MarketAxess Holdings Inc. will post 7.38 EPS for the current year.

MarketAxess Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 4th. Investors of record on Wednesday, November 20th were issued a $0.74 dividend. The ex-dividend date of this dividend was Wednesday, November 20th. This represents a $2.96 dividend on an annualized basis and a dividend yield of 1.35%. MarketAxess’s dividend payout ratio is 40.11%.

Insider Activity at MarketAxess

In related news, Chairman Richard M. Mcvey sold 10,000 shares of the business’s stock in a transaction that occurred on Thursday, November 14th. The shares were sold at an average price of $267.67, for a total value of $2,676,700.00. Following the completion of the transaction, the chairman now owns 562,029 shares in the company, valued at $150,438,302.43. The trade was a 1.75 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, General Counsel Scott Pintoff sold 300 shares of the stock in a transaction on Monday, December 9th. The shares were sold at an average price of $240.57, for a total value of $72,171.00. Following the completion of the transaction, the general counsel now owns 8,302 shares in the company, valued at $1,997,212.14. The trade was a 3.49 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 30,300 shares of company stock valued at $8,183,871 over the last ninety days. 2.66% of the stock is owned by insiders.

Wall Street Analyst Weigh In

MKTX has been the topic of several recent research reports. Barclays decreased their price objective on MarketAxess from $289.00 to $260.00 and set an “equal weight” rating on the stock in a report on Monday, December 9th. Piper Sandler decreased their price target on shares of MarketAxess from $265.00 to $240.00 and set a “neutral” rating on the stock in a research note on Tuesday. Bank of America dropped their price objective on shares of MarketAxess from $193.00 to $185.00 and set an “underperform” rating for the company in a research note on Thursday, October 3rd. Deutsche Bank Aktiengesellschaft lifted their target price on shares of MarketAxess from $258.00 to $264.00 and gave the company a “hold” rating in a research report on Monday, November 11th. Finally, Keefe, Bruyette & Woods dropped their price target on shares of MarketAxess from $276.00 to $255.00 and set a “market perform” rating for the company in a research report on Friday, December 20th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $262.10.

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.