Kornitzer Capital Management Inc. KS Purchases 18,058 Shares of MarketAxess Holdings Inc. (NASDAQ:MKTX)

Kornitzer Capital Management Inc. KS raised its position in MarketAxess Holdings Inc. (NASDAQ:MKTX) by 160.2% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 29,329 shares of the financial services provider’s stock after acquiring an additional 18,058 shares during the period. Kornitzer Capital Management Inc. KS owned about 0.08% of MarketAxess worth $8,589,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently bought and sold shares of the company. Wetzel Investment Advisors Inc. bought a new stake in MarketAxess in the 4th quarter valued at approximately $57,000. AIA Group Ltd raised its stake in shares of MarketAxess by 0.5% during the 4th quarter. AIA Group Ltd now owns 18,444 shares of the financial services provider’s stock worth $5,401,000 after purchasing an additional 90 shares in the last quarter. Quantum Private Wealth LLC bought a new stake in shares of MarketAxess during the 4th quarter worth approximately $206,000. Vontobel Holding Ltd. bought a new stake in shares of MarketAxess during the 4th quarter worth approximately $525,000. Finally, Louisiana State Employees Retirement System bought a new stake in shares of MarketAxess during the 4th quarter worth approximately $674,000. Institutional investors own 99.01% of the company’s stock.

Analyst Upgrades and Downgrades

MKTX has been the topic of a number of analyst reports. Morgan Stanley upped their price objective on MarketAxess from $278.00 to $279.00 and gave the stock an “equal weight” rating in a research note on Tuesday, April 9th. William Blair reiterated an “outperform” rating on shares of MarketAxess in a research note on Tuesday, January 23rd. Barclays dropped their price objective on MarketAxess from $239.00 to $236.00 and set an “equal weight” rating on the stock in a research note on Monday, April 8th. Piper Sandler dropped their price target on MarketAxess from $250.00 to $237.00 and set a “neutral” rating on the stock in a research note on Friday, April 12th. Finally, Rosenblatt Securities dropped their price target on MarketAxess from $229.00 to $210.00 and set a “sell” rating on the stock in a research note on Thursday, February 1st. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $252.80.

Insider Transactions at MarketAxess

In other news, CRO Kevin M. Mcpherson sold 2,000 shares of the stock in a transaction on Friday, February 16th. The stock was sold at an average price of $221.26, for a total transaction of $442,520.00. Following the sale, the executive now directly owns 70,092 shares of the company’s stock, valued at approximately $15,508,555.92. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 2.00% of the stock is currently owned by insiders.

MarketAxess Price Performance

NASDAQ MKTX traded up $0.86 on Friday, reaching $204.01. The stock had a trading volume of 359,646 shares, compared to its average volume of 338,211. The firm has a fifty day moving average of $216.43 and a two-hundred day moving average of $237.33. MarketAxess Holdings Inc. has a 1-year low of $199.34 and a 1-year high of $336.56. The company has a market cap of $7.67 billion, a P/E ratio of 29.78, a price-to-earnings-growth ratio of 4.25 and a beta of 0.98.

MarketAxess (NASDAQ:MKTX) last issued its quarterly earnings data on Wednesday, January 31st. The financial services provider reported $1.84 EPS for the quarter, beating analysts’ consensus estimates of $1.73 by $0.11. MarketAxess had a return on equity of 21.76% and a net margin of 34.29%. The firm had revenue of $197.20 million for the quarter, compared to analyst estimates of $196.70 million. During the same period in the prior year, the firm posted $1.58 EPS. The company’s revenue for the quarter was up 10.8% on a year-over-year basis. Research analysts predict that MarketAxess Holdings Inc. will post 7.28 EPS for the current fiscal 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.