Norris Perne & French LLP MI Sells 1,124 Shares of MarketAxess Holdings Inc. (NASDAQ:MKTX)

Norris Perne & French LLP MI decreased its position in MarketAxess Holdings Inc. (NASDAQ:MKTX) by 3.0% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 35,930 shares of the financial services provider’s stock after selling 1,124 shares during the period. Norris Perne & French LLP MI’s holdings in MarketAxess were worth $8,122,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Accent Capital Management LLC purchased a new stake in shares of MarketAxess during the third quarter valued at approximately $25,000. Park Place Capital Corp purchased a new position in shares of MarketAxess during the 4th quarter valued at $44,000. Exchange Traded Concepts LLC purchased a new stake in MarketAxess during the third quarter valued at about $54,000. R Squared Ltd bought a new position in MarketAxess in the 4th quarter worth approximately $47,000. Finally, Livforsakringsbolaget Skandia Omsesidigt boosted its stake in MarketAxess by 555.6% in the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 236 shares of the financial services provider’s stock worth $60,000 after purchasing an additional 200 shares during the period. Institutional investors own 99.01% of the company’s stock.

Wall Street Analyst Weigh In

MKTX has been the subject of several research analyst reports. Barclays dropped their price target on MarketAxess from $260.00 to $256.00 and set an “equal weight” rating for the company in a research note on Monday, January 13th. UBS Group upped their target price on MarketAxess from $330.00 to $335.00 and gave the stock a “buy” rating in a report on Thursday, November 7th. Citigroup lifted their price target on shares of MarketAxess from $310.00 to $325.00 and gave the company a “buy” rating in a research report on Friday, October 4th. Deutsche Bank Aktiengesellschaft increased their price objective 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, Piper Sandler lowered their price target on MarketAxess from $265.00 to $240.00 and set a “neutral” rating on the stock in a report on Tuesday, January 7th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $261.30.

Insider Buying and Selling at MarketAxess

In other news, Chairman Richard M. Mcvey sold 10,000 shares of MarketAxess stock in a transaction 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 transaction, the chairman now directly owns 562,029 shares of the company’s stock, valued at $150,438,302.43. The trade was a 1.75 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, General Counsel Scott Pintoff sold 300 shares of the company’s stock in a transaction on Monday, December 9th. The stock was sold at an average price of $240.57, for a total transaction of $72,171.00. Following the transaction, the general counsel now owns 8,302 shares of the company’s stock, valued at approximately $1,997,212.14. The trade was a 3.49 % decrease in their position. 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 quarter. 2.66% of the stock is currently owned by insiders.

MarketAxess Price Performance

Shares of NASDAQ:MKTX opened at $217.77 on Friday. The firm has a market capitalization of $8.21 billion, a P/E ratio of 29.51, a P/E/G ratio of 4.44 and a beta of 1.03. MarketAxess Holdings Inc. has a 1 year low of $192.42 and a 1 year high of $296.68. The business’s 50-day moving average is $232.82 and its 200 day moving average is $247.34.

MarketAxess (NASDAQ:MKTX) last issued its 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. The firm had revenue of $206.70 million for the quarter, compared to the consensus estimate of $207.17 million. MarketAxess had a return on equity of 20.93% and a net margin of 34.32%. The company’s revenue was up 20.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.46 earnings per share. On average, analysts expect that MarketAxess Holdings Inc. will post 7.25 EPS for the current year.

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.