1,341 Shares in MarketAxess Holdings Inc. (NASDAQ:MKTX) Purchased by Morningstar Investment Services LLC

Morningstar Investment Services LLC purchased a new position in MarketAxess Holdings Inc. (NASDAQ:MKTXFree Report) in the fourth quarter, Holdings Channel reports. The fund purchased 1,341 shares of the financial services provider’s stock, valued at approximately $397,000.

Other hedge funds have also bought and sold shares of the company. Stephens Inc. AR boosted its stake in MarketAxess by 3.8% in the fourth quarter. Stephens Inc. AR now owns 8,329 shares of the financial services provider’s stock valued at $2,439,000 after acquiring an additional 307 shares during the period. Pinebridge Investments L.P. boosted its stake in MarketAxess by 84.0% in the fourth quarter. Pinebridge Investments L.P. now owns 9,861 shares of the financial services provider’s stock valued at $2,888,000 after acquiring an additional 4,502 shares during the period. Cibc World Markets Corp boosted its stake in MarketAxess by 45.0% in the fourth quarter. Cibc World Markets Corp now owns 8,778 shares of the financial services provider’s stock valued at $2,571,000 after acquiring an additional 2,726 shares during the period. Tower Research Capital LLC TRC boosted its stake in MarketAxess by 16.3% in the fourth quarter. Tower Research Capital LLC TRC now owns 7,289 shares of the financial services provider’s stock valued at $2,135,000 after acquiring an additional 1,020 shares during the period. Finally, Burgundy Asset Management Ltd. boosted its stake in MarketAxess by 3.4% in the fourth quarter. Burgundy Asset Management Ltd. now owns 176,144 shares of the financial services provider’s stock valued at $51,584,000 after acquiring an additional 5,859 shares during the period. 99.01% of the stock is currently owned by institutional investors and hedge funds.

MarketAxess Stock Down 3.5 %

Shares of NASDAQ:MKTX opened at $198.76 on Friday. The company’s fifty day moving average is $208.78 and its two-hundred day moving average is $232.49. MarketAxess Holdings Inc. has a 12-month low of $195.01 and a 12-month high of $297.97. The company has a market cap of $7.53 billion, a P/E ratio of 29.19, a price-to-earnings-growth ratio of 5.16 and a beta of 1.04.

MarketAxess (NASDAQ:MKTXGet Free Report) last announced its earnings results on Tuesday, May 7th. The financial services provider reported $1.92 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.85 by $0.07. MarketAxess had a net margin of 33.83% and a return on equity of 20.82%. The company had revenue of $210.30 million for the quarter, compared to the consensus estimate of $212.99 million. During the same period in the previous year, the business earned $1.96 EPS. The company’s revenue was up 3.5% on a year-over-year basis. Equities research analysts anticipate that MarketAxess Holdings Inc. will post 7.17 earnings per share for the current year.

MarketAxess Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, June 5th. Stockholders of record on Wednesday, May 22nd were issued a dividend of $0.74 per share. This represents a $2.96 annualized dividend and a dividend yield of 1.49%. The ex-dividend date of this dividend was Tuesday, May 21st. MarketAxess’s dividend payout ratio is currently 43.47%.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on MKTX shares. Bank of America started coverage on MarketAxess in a research report on Wednesday, April 10th. They set an “underperform” rating and a $199.00 price objective for the company. UBS Group reduced their price objective on MarketAxess from $305.00 to $285.00 and set a “buy” rating for the company in a research report on Wednesday, May 8th. Piper Sandler reduced their price objective on MarketAxess from $250.00 to $237.00 and set a “neutral” rating for the company in a research report on Friday, April 12th. Barclays reduced their price objective on MarketAxess from $236.00 to $225.00 and set an “equal weight” rating for the company in a research report on Wednesday, May 8th. Finally, Keefe, Bruyette & Woods dropped their target price on MarketAxess from $235.00 to $230.00 and set a “market perform” rating on the stock in a report on Wednesday, May 8th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, MarketAxess has an average rating of “Hold” and a consensus price target of $249.73.

Read Our Latest Analysis on MarketAxess

About MarketAxess

(Free Report)

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.

See Also

Want to see what other hedge funds are holding MKTX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for MarketAxess Holdings Inc. (NASDAQ:MKTXFree Report).

Institutional Ownership by Quarter for MarketAxess (NASDAQ:MKTX)

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