State of Tennessee Treasury Department lessened its holdings in MarketAxess Holdings Inc. (NASDAQ:MKTX) by 40.0% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 15,000 shares of the financial services provider’s stock after selling 10,000 shares during the quarter. State of Tennessee Treasury Department’s holdings in MarketAxess were worth $3,262,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also modified their holdings of MKTX. Baillie Gifford & Co. increased its position in shares of MarketAxess by 13.1% in the first quarter. Baillie Gifford & Co. now owns 3,661,066 shares of the financial services provider’s stock valued at $796,062,000 after acquiring an additional 424,108 shares during the period. Alliancebernstein L.P. increased its position in shares of MarketAxess by 34.6% in the fourth quarter. Alliancebernstein L.P. now owns 1,137,345 shares of the financial services provider’s stock valued at $229,459,000 after acquiring an additional 292,437 shares during the period. American Century Companies Inc. increased its position in shares of MarketAxess by 41.5% in the first quarter. American Century Companies Inc. now owns 751,413 shares of the financial services provider’s stock valued at $163,387,000 after acquiring an additional 220,391 shares during the period. Allianz Asset Management GmbH increased its position in shares of MarketAxess by 106.0% in the fourth quarter. Allianz Asset Management GmbH now owns 396,862 shares of the financial services provider’s stock valued at $80,067,000 after acquiring an additional 204,205 shares during the period. Finally, BlackRock Inc. increased its position in shares of MarketAxess by 6.1% in the first quarter. BlackRock Inc. now owns 3,293,808 shares of the financial services provider’s stock valued at $716,206,000 after acquiring an additional 189,575 shares during the period. Institutional investors own 99.91% of the company’s stock.

In related news, insider Kevin M. Mcpherson sold 2,500 shares of the business’s stock in a transaction dated Thursday, March 15th. The shares were sold at an average price of $223.43, for a total transaction of $558,575.00. Following the sale, the insider now owns 80,192 shares of the company’s stock, valued at $17,917,298.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Richard M. Mcvey sold 35,000 shares of the business’s stock in a transaction dated Wednesday, May 9th. The stock was sold at an average price of $203.22, for a total transaction of $7,112,700.00. The disclosure for this sale can be found here. Insiders have sold a total of 45,053 shares of company stock worth $9,218,885 in the last ninety days. Insiders own 3.52% of the company’s stock.

Shares of MKTX opened at $215.47 on Wednesday. The stock has a market cap of $8.12 billion, a PE ratio of 55.25 and a beta of 0.58. MarketAxess Holdings Inc. has a 1-year low of $171.45 and a 1-year high of $229.84.

MarketAxess (NASDAQ:MKTX) last announced its earnings results on Wednesday, April 25th. The financial services provider reported $1.27 earnings per share for the quarter, beating analysts’ consensus estimates of $1.22 by $0.05. The firm had revenue of $114.71 million for the quarter, compared to analyst estimates of $114.45 million. MarketAxess had a net margin of 37.61% and a return on equity of 29.82%. The company’s revenue for the quarter was up 11.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.11 EPS. sell-side analysts forecast that MarketAxess Holdings Inc. will post 4.49 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Wednesday, May 23rd. Stockholders of record on Wednesday, May 9th were paid a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a dividend yield of 0.78%. The ex-dividend date of this dividend was Tuesday, May 8th. MarketAxess’s payout ratio is 43.08%.

A number of equities analysts have issued reports on the stock. BidaskClub upgraded shares of MarketAxess from a “buy” rating to a “strong-buy” rating in a research report on Friday, March 16th. ValuEngine cut shares of MarketAxess from a “buy” rating to a “hold” rating in a research report on Friday, April 27th. Sandler O’Neill reaffirmed a “hold” rating and set a $215.00 target price on shares of MarketAxess in a research note on Wednesday, April 4th. Zacks Investment Research lowered shares of MarketAxess from a “hold” rating to a “strong sell” rating in a research note on Tuesday, March 6th. Finally, Keefe, Bruyette & Woods lowered shares of MarketAxess from an “outperform” rating to a “market perform” rating in a research note on Thursday, April 12th. One analyst has rated the stock with a sell rating, seven have given a hold rating and one has assigned a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $214.50.

About MarketAxess

MarketAxess Holdings Inc, together with its subsidiaries, operates an electronic trading platform that enables fixed-income market participants to trade corporate bonds and other types of fixed-income instruments worldwide. It offers institutional investor and broker-dealer the access to global liquidity in U.S.

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Institutional Ownership by Quarter for MarketAxess (NASDAQ:MKTX)

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