Victory Capital Management Inc. trimmed its stake in MarketAxess Holdings Inc. (NASDAQ:MKTX) by 31.8% during the fourth quarter, HoldingsChannel.com reports. The fund owned 71,351 shares of the financial services provider’s stock after selling 33,234 shares during the quarter. Victory Capital Management Inc.’s holdings in MarketAxess were worth $14,396,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in MKTX. First Republic Investment Management Inc. grew its holdings in shares of MarketAxess by 30.8% during the third quarter. First Republic Investment Management Inc. now owns 1,373 shares of the financial services provider’s stock worth $253,000 after purchasing an additional 323 shares during the last quarter. Traynor Capital Management Inc. bought a new stake in shares of MarketAxess during the fourth quarter worth $264,000. Cubist Systematic Strategies LLC grew its holdings in shares of MarketAxess by 9.1% during the second quarter. Cubist Systematic Strategies LLC now owns 1,624 shares of the financial services provider’s stock worth $327,000 after purchasing an additional 135 shares during the last quarter. AHL Partners LLP bought a new stake in shares of MarketAxess during the second quarter worth $338,000. Finally, FDx Advisors Inc. grew its holdings in shares of MarketAxess by 71.7% during the third quarter. FDx Advisors Inc. now owns 1,873 shares of the financial services provider’s stock worth $346,000 after purchasing an additional 782 shares during the last quarter. Hedge funds and other institutional investors own 91.41% of the company’s stock.

MarketAxess Holdings Inc. (MKTX) opened at $193.30 on Wednesday. MarketAxess Holdings Inc. has a one year low of $171.45 and a one year high of $211.06. The stock has a market capitalization of $7,188.32, a price-to-earnings ratio of 49.69 and a beta of 0.60.

MarketAxess declared that its Board of Directors has initiated a stock repurchase plan on Wednesday, October 25th that permits the company to buyback $100.00 million in outstanding shares. This buyback authorization permits the financial services provider to reacquire shares of its stock through open market purchases. Shares buyback plans are usually a sign that the company’s leadership believes its stock is undervalued.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, February 28th. Stockholders of record on Wednesday, February 14th will be paid a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a dividend yield of 0.87%. The ex-dividend date of this dividend is Tuesday, February 13th. This is a positive change from MarketAxess’s previous quarterly dividend of $0.20. MarketAxess’s dividend payout ratio is 33.93%.

In other news, Director David G. Gomach sold 4,225 shares of the company’s stock in a transaction on Monday, February 5th. The stock was sold at an average price of $197.98, for a total transaction of $836,465.50. Following the transaction, the director now owns 259 shares of the company’s stock, valued at $51,276.82. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Kevin M. Mcpherson sold 5,000 shares of the company’s stock in a transaction on Thursday, November 16th. The shares were sold at an average price of $176.61, for a total value of $883,050.00. The disclosure for this sale can be found here. Insiders have sold 46,225 shares of company stock worth $8,782,546 in the last ninety days. 4.02% of the stock is currently owned by insiders.

Several brokerages have recently commented on MKTX. Raymond James Financial restated a “market perform” rating on shares of MarketAxess in a report on Monday, January 22nd. UBS Group cut MarketAxess from an “outperform” rating to a “market perform” rating in a report on Monday, January 22nd. Zacks Investment Research upgraded MarketAxess from a “hold” rating to a “strong-buy” rating and set a $238.00 target price on the stock in a report on Monday, January 8th. Goldman Sachs Group cut MarketAxess from a “buy” rating to a “neutral” rating and set a $210.00 target price on the stock. in a report on Monday, January 8th. Finally, Keefe, Bruyette & Woods restated a “buy” rating and set a $215.00 target price on shares of MarketAxess in a report on Friday, December 22nd. Six investment analysts have rated the stock with a hold rating and one has given a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $214.40.

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MarketAxess Profile

MarketAxess Holdings Inc operates an electronic trading platform that enables fixed-income market participants to trade corporate bonds and other types of fixed-income instruments using its trading technology. Institutional investor and broker-dealer firms are users of trading platform, accessing global liquidity in the United States corporate bonds, emerging markets and high-yield bonds, European bonds, the United States agency bonds, municipal bonds, credit default swaps and other fixed-income securities.

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Institutional Ownership by Quarter for MarketAxess (NASDAQ:MKTX)

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