Marketaxess Holdings (NASDAQ:MKTX).
Baird Financial Group, Inc. says it increased its position in Marketaxess Holdings shares by 20,464 shares in its quarterly SEC filing. Its investment was worth $22,766,000 an increase of 10.0% according to the filing.
Here are a few institutional investors who have updated their positions. Commonwealth Of Pennsylvania Public School Empls Retrmt SYS divested its holdings by selling 2 shares a decrease of 0.0% as of 09/30/2017. Commonwealth Of Pennsylvania Public School Empls Retrmt SYS claims 5,483 shares valued at $1,012,000. The total value of its holdings decreased 8.3%. As of the end of the quarter Eagle Boston Investment Management Inc had acquired a total of 397 shares growing its stake by 1.4%. The value of the total investment in Marketaxess Holdings decreased from $5,657,000 to $5,300,000 a change of 6.3% quarter to quarter.
As of quarter end Raymond James & Associates had bought 5,535 shares growing its position 9.0%. The value of the investment in Marketaxess Holdings went from $12,419,000 to $12,416,000 a change of $3,000 for the reporting period.
Equity analyst Raymond James Financial raised the price target of the stock on July 27 changing the price objective from $216.00 to $219.00 with a “Outperform” recommendation.
The company is trading up since yesterday’s close of 173.94. The company currently has a P/E ratio of 45.62 and market cap is 6.66B. In the latest earnings report the EPS was $3.89 with 37.55M shares presently outstanding.
Investors are more bearish on the company recently if you take note of the rise in short interest. The company recorded a rise in short interest of 23.27% as of the latest report on October 13, 2017. Short interest grew from 510,094 to 628,799 over that period. With short interest at 628,799 and short average daily volume at 229,469, days to cover is 3.0 and the percentage of shorted shares is 0.02% as of October 13.