Roman Butler Fullerton & Co. Buys Shares of 886 MarketAxess Holdings Inc. (NASDAQ:MKTX)

Roman Butler Fullerton & Co. bought a new stake in MarketAxess Holdings Inc. (NASDAQ:MKTX) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 886 shares of the financial services provider’s stock, valued at approximately $227,000.

Other institutional investors have also recently bought and sold shares of the company. Tokio Marine Asset Management Co. Ltd. raised its stake in shares of MarketAxess by 12.3% during the 1st quarter. Tokio Marine Asset Management Co. Ltd. now owns 1,142 shares of the financial services provider’s stock worth $250,000 after purchasing an additional 125 shares in the last quarter. Larson Financial Group LLC raised its stake in shares of MarketAxess by 2,428.6% during the 1st quarter. Larson Financial Group LLC now owns 177 shares of the financial services provider’s stock worth $39,000 after purchasing an additional 170 shares in the last quarter. Geneva Capital Management LLC raised its stake in shares of MarketAxess by 2.9% during the 1st quarter. Geneva Capital Management LLC now owns 5,921 shares of the financial services provider’s stock worth $1,298,000 after purchasing an additional 167 shares in the last quarter. SG Americas Securities LLC raised its stake in shares of MarketAxess by 174.2% during the 1st quarter. SG Americas Securities LLC now owns 6,743 shares of the financial services provider’s stock worth $1,478,000 after purchasing an additional 4,284 shares in the last quarter. Finally, Retirement Planning Co of New England Inc. raised its stake in shares of MarketAxess by 18.0% during the 1st quarter. Retirement Planning Co of New England Inc. now owns 1,522 shares of the financial services provider’s stock worth $334,000 after purchasing an additional 232 shares in the last quarter. Institutional investors own 99.01% of the company’s stock.

MarketAxess Stock Performance

Shares of NASDAQ MKTX opened at $287.60 on Tuesday. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.91 and a quick ratio of 2.91. The stock’s fifty day moving average price is $267.67 and its two-hundred day moving average price is $231.68. MarketAxess Holdings Inc. has a one year low of $192.42 and a one year high of $297.97. The firm has a market cap of $10.86 billion, a price-to-earnings ratio of 41.44, a P/E/G ratio of 9.03 and a beta of 1.05.

MarketAxess (NASDAQ:MKTX) last issued its quarterly earnings data on Tuesday, August 6th. The financial services provider reported $1.72 EPS for the quarter, beating analysts’ consensus estimates of $1.68 by $0.04. The firm had revenue of $197.70 million for the quarter, compared to analyst estimates of $198.07 million. MarketAxess had a return on equity of 20.43% and a net margin of 33.71%. The company’s revenue for the quarter was up 9.9% on a year-over-year basis. During the same period in the prior year, the firm posted $1.63 EPS. On average, equities analysts forecast that MarketAxess Holdings Inc. will post 7.26 EPS for the current year.

MarketAxess announced that its Board of Directors has authorized a stock repurchase program on Tuesday, August 6th that allows the company to buyback $250.00 million in shares. This buyback authorization allows the financial services provider to purchase up to 2.8% of its stock through open market purchases. Stock buyback programs are often an indication that the company’s leadership believes its shares are undervalued.

Insider Transactions at MarketAxess

In other news, insider Christophe Pierre Danie Roupie sold 617 shares of the stock in a transaction on Thursday, August 8th. The stock was sold at an average price of $231.63, for a total transaction of $142,915.71. Following the sale, the insider now directly owns 7,409 shares of the company’s stock, valued at approximately $1,716,146.67. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 2.66% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on MKTX shares. Barclays upped their price objective on MarketAxess from $237.00 to $268.00 and gave the stock an “equal weight” rating in a research note on Monday, October 7th. Keefe, Bruyette & Woods boosted their target price on MarketAxess from $222.00 to $225.00 and gave the stock a “market perform” rating in a report on Wednesday, August 7th. Piper Sandler boosted their target price on MarketAxess from $235.00 to $265.00 and gave the stock a “neutral” rating in a report on Tuesday, October 8th. The Goldman Sachs Group boosted their target price on MarketAxess from $204.00 to $233.00 and gave the stock a “neutral” rating in a report on Monday, September 30th. Finally, Deutsche Bank Aktiengesellschaft boosted their target price on MarketAxess from $218.00 to $223.00 and gave the stock a “hold” rating in a report on Thursday, August 15th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $253.30.

MarketAxess 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.