Nisa Investment Advisors LLC buys 52 shares of MarketAxess Holdings Inc. (NASDAQ:MKTX)

Nisa Investment Advisors LLC increased its stake in MarketAxess Holdings Inc. (NASDAQ:MKTX – Free Report) by 0.7% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 7,376 shares of the financial services provider’s stock after buying an additional 52 shares during the quarter. Nisa Investment Advisors LLC’s holdings in MarketAxess were worth $1,479,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have recently modified their holdings of the company. Parallel Advisors LLC boosted its holdings in shares of MarketAxess by 155.8% in the fourth quarter. Parallel Advisors LLC now owns 110 shares of the financial services provider’s stock worth $32,000 after purchasing an additional 67 shares during the period. Venturi Wealth Management LLC boosted its holdings in shares of MarketAxess by 1,030.8% in the first quarter. Venturi Wealth Management LLC now owns 147 shares of the financial services provider’s stock worth $32,000 after buying an additional 134 shares during the period. Principal Securities Inc. purchased a new stake in shares of MarketAxess during the fourth quarter valued at approximately $47,000. Larson Financial Group LLC boosted its holdings in shares of MarketAxess by 2,428.6% in the first 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 during the period. Finally, Blue Trust Inc. boosted its holdings in shares of MarketAxess by 405.1% during the second quarter. Blue Trust Inc. now owns 197 shares of the financial services provider’s stock worth $43,000 after buying an additional 158 shares during the period. 99.01% of shares are held by institutional investors.

The Wall Street analyst weighs in

Several brokerages have commented on MKTX. Keefe, Bruyette & Woods boosted their price objective on shares of MarketAxess from $222.00 to $225.00 and gave the stock a “market perform” rating in a report on Wednesday, August 7th. Barclays cut their price objective on shares of MarketAxess from $225.00 to $215.00 and set an “equal weight” rating for the company in a report on Wednesday, July 10th. Piper Sandler restated a “neutral” rating and issued a $225.00 price objective on shares of MarketAxess in a report on Tuesday, August 6th. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of MarketAxess from $218.00 to $223.00 and gave the stock a “hold” rating in a report on Thursday, August 15th. Finally, StockNews.com upgraded shares of MarketAxess from a “sell” rating to a “hold” rating in a report on Wednesday, August 7th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and three have given a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $238.60, based on data from MarketBeat.com.

Check out our latest report on MKTX

Insider activity at MarketAxess

In related news, insider Christophe Pierre Danie Roupie sold 617 shares of the firm’s stock in a transaction that occurred on Thursday, August 8th. The shares were sold at an average price of $231.63, for a total transaction of $142,915.71. Following the completion of the sale, the insider now owns 7,409 shares of the company’s stock, valued at $1,716,146.67. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available via this hyperlink. In other MarketAxess news, insider Christophe Pierre Danie Roupie sold 617 shares of MarketAxess stock in a transaction that occurred on Thursday, August 8th. The shares were sold at an average price of $231.63, for a total value of $142,915.71. Following the completion of the sale, the insider now owns 7,409 shares of the company’s stock, valued at approximately $1,716,146.67. The transaction was disclosed in a legal filing with the SEC, which is available on the SEC’s website. Also, Director Stephen P. Casper sold 500 shares of MarketAxess stock in a transaction that occurred on Friday, June 7th. The shares were sold at an average price of $199.48, for a total transaction of $99,740.00. Following the completion of the sale, the director now directly owns 10,201 shares of the company’s stock, valued at approximately $2,034,895.48. The disclosure for this sale can be found here. 2.66% of shares are held by insiders.

MarketAxess stock rose 1.2%

Shares of MKTX opened at $235.52 on Friday. The company has a market cap of $8.93 billion, a P/E ratio of 34.58, a price-to-earnings-growth ratio of 5.87 and a beta of 1.03. The firm has a 50-day moving average of $216.46 and a 200-day moving average of $213.72. MarketAxess Holdings Inc. has a 12-month low of $192.42 and a 12-month high of $297.97.

MarketAxess (NASDAQ:MKTX – Get Your Free Report ) last announced its quarterly earnings results on Tuesday, August 6th. The financial services provider reported $1.72 earnings per share for the quarter, topping the consensus estimate of $1.68 by $0.04. The company had revenue of $197.70 million during the quarter, compared to the consensus estimate of $198.07 million. MarketAxess had a net margin of 33.83% and a return on equity of 20.82%. The company’s quarterly revenue was up 9.9% compared to the same quarter last year. In the same quarter last year, the company earned $1.63 per share. On average, sell-side analysts expect MarketAxess Holdings Inc. to record 7 EPS for the current year.

MarketAxess is raising dividends

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 4th. Investors of record on Wednesday, August 21st will be paid a dividend of $0.74 per share. The ex-dividend date of this dividend is Wednesday, August 21. This represents an annualized dividend of $2.96 and a dividend yield of 1.26%. This is an increase from MarketAxess’ previous quarterly dividend of $0.20. MarketAxess’s dividend payout ratio (DPR) is 43.47%.

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

MarketAxess Company Profile

(Free report)

MarketAxess Holdings Inc, together with its subsidiaries, operates an electronic trading platform for institutional investors and broker-dealers worldwide. The company provides trading technology that provides access to liquidity in U.S. high-grade bonds, U.S. high-yield bonds, emerging market debt, Eurobonds, municipal bonds, U.S.

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