Access Financial Services Inc. Has $1.04 Million Position in MarketAxess Holdings Inc. (NASDAQ:MKTX)

Access Financial Services Inc. lifted its stake in shares of MarketAxess Holdings Inc. (NASDAQ:MKTX) by 2.2% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 4,597 shares of the financial services provider’s stock after buying an additional 98 shares during the quarter. Access Financial Services Inc.’s holdings in MarketAxess were worth $1,039,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of MKTX. Dimensional Fund Advisors LP lifted its stake in shares of MarketAxess by 49.7% during the 2nd quarter. Dimensional Fund Advisors LP now owns 323,064 shares of the financial services provider’s stock worth $64,784,000 after buying an additional 107,315 shares during the last quarter. Vanguard Personalized Indexing Management LLC increased its position in MarketAxess by 13.3% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 3,256 shares of the financial services provider’s stock worth $653,000 after acquiring an additional 382 shares during the period. Hsbc Holdings PLC increased its position in MarketAxess by 17.5% during the second quarter. Hsbc Holdings PLC now owns 141,272 shares of the financial services provider’s stock worth $28,303,000 after acquiring an additional 21,089 shares during the period. Canada Pension Plan Investment Board increased its position in MarketAxess by 309.0% during the second quarter. Canada Pension Plan Investment Board now owns 17,589 shares of the financial services provider’s stock worth $3,527,000 after acquiring an additional 13,289 shares during the period. Finally, Pacer Advisors Inc. increased its position in MarketAxess by 11.3% during the second quarter. Pacer Advisors Inc. now owns 3,317 shares of the financial services provider’s stock worth $665,000 after acquiring an additional 336 shares during the period. Institutional investors and hedge funds own 99.01% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the stock. Morgan Stanley raised their price target on shares of MarketAxess from $262.00 to $314.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 17th. Barclays decreased their target price on shares of MarketAxess from $260.00 to $256.00 and set an “equal weight” rating on the stock in a report on Monday, January 13th. Keefe, Bruyette & Woods decreased their target price on shares of MarketAxess from $255.00 to $251.00 and set a “market perform” rating on the stock in a report on Monday, January 13th. Citigroup raised their target price on shares of MarketAxess from $310.00 to $325.00 and gave the company a “buy” rating in a report on Friday, October 4th. Finally, Piper Sandler reduced 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, January 7th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $261.30.

MarketAxess Price Performance

NASDAQ:MKTX opened at $220.50 on Monday. The company has a market cap of $8.31 billion, a PE ratio of 29.88, a P/E/G ratio of 6.67 and a beta of 1.03. MarketAxess Holdings Inc. has a one year low of $192.42 and a one year high of $296.68. The firm’s 50 day simple moving average is $240.76 and its 200 day simple moving average is $246.91.

MarketAxess (NASDAQ:MKTX) last issued its quarterly earnings results on Wednesday, November 6th. The financial services provider reported $1.90 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.85 by $0.05. The firm had revenue of $206.70 million for the quarter, compared to the consensus estimate of $207.17 million. MarketAxess had a net margin of 34.32% and a return on equity of 20.93%. The company’s revenue for the quarter was up 20.0% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.46 EPS. Equities research analysts expect that MarketAxess Holdings Inc. will post 7.29 EPS for the current year.

Insider Transactions at MarketAxess

In other news, General Counsel Scott Pintoff sold 300 shares of MarketAxess 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 sale, 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 position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Chairman Richard M. Mcvey sold 20,000 shares of MarketAxess stock in a transaction on Tuesday, November 12th. The shares were sold at an average price of $271.75, for a total transaction of $5,435,000.00. Following the completion of the sale, the chairman now owns 592,029 shares of the company’s stock, valued at $160,883,880.75. This represents a 3.27 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 30,300 shares of company stock worth $8,183,871. Company 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.