Dimensional Fund Advisors LP Purchases 25,763 Shares of MarketAxess Holdings Inc. (NASDAQ:MKTX)

Dimensional Fund Advisors LP grew its stake in MarketAxess Holdings Inc. (NASDAQ:MKTX - Free Report) by 6.9% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 397,867 shares of the financial services provider's stock after purchasing an additional 25,763 shares during the period. Dimensional Fund Advisors LP owned approximately 1.06% of MarketAxess worth $89,934,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also modified their holdings of MKTX. Global X Japan Co. Ltd. raised its position in shares of MarketAxess by 179.5% during the 4th quarter. Global X Japan Co. Ltd. now owns 109 shares of the financial services provider's stock worth $25,000 after acquiring an additional 70 shares in the last quarter. Allianz SE purchased a new stake in shares of MarketAxess in the fourth quarter valued at about $27,000. Smartleaf Asset Management LLC boosted its holdings in MarketAxess by 495.2% in the 4th quarter. Smartleaf Asset Management LLC now owns 125 shares of the financial services provider's stock valued at $28,000 after purchasing an additional 104 shares in the last quarter. SRS Capital Advisors Inc. grew its holdings in MarketAxess by 13,900.0% during the fourth quarter. SRS Capital Advisors Inc. now owns 140 shares of the financial services provider's stock worth $32,000 after acquiring an additional 139 shares during the period. Finally, Huntington National Bank grew its stake in shares of MarketAxess by 185.7% during the 4th quarter. Huntington National Bank now owns 160 shares of the financial services provider's stock worth $36,000 after purchasing an additional 104 shares during the period. 99.01% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on the stock. Keefe, Bruyette & Woods dropped their price objective on shares of MarketAxess from $251.00 to $225.00 and set a "market perform" rating for the company in a research note on Friday, February 7th. The Goldman Sachs Group reduced their price target on shares of MarketAxess from $235.00 to $210.00 and set a "neutral" rating on the stock in a research report on Monday, February 10th. Barclays increased their target price on MarketAxess from $225.00 to $232.00 and gave the company an "equal weight" rating in a research note on Monday, April 7th. Bank of America lifted their price target on shares of MarketAxess from $189.00 to $191.00 and gave the stock an "underperform" rating in a research note on Wednesday, April 2nd. Finally, Piper Sandler reduced their target price on MarketAxess from $220.00 to $213.00 and set a "neutral" rating for the company in a research note on Tuesday, April 8th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $252.11.

MarketAxess Price Performance

Shares of MKTX stock traded up $2.38 during trading hours on Thursday, reaching $223.97. The company had a trading volume of 429,907 shares, compared to its average volume of 491,334. MarketAxess Holdings Inc. has a 1-year low of $186.84 and a 1-year high of $296.68. The company has a 50 day moving average of $212.54 and a 200 day moving average of $231.02. The firm has a market cap of $8.33 billion, a price-to-earnings ratio of 30.81, a P/E/G ratio of 3.89 and a beta of 1.12.

MarketAxess (NASDAQ:MKTX - Get Free Report) last issued its quarterly earnings data on Thursday, February 6th. The financial services provider reported $1.73 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.70 by $0.03. MarketAxess had a return on equity of 20.23% and a net margin of 33.56%. As a group, sell-side analysts forecast that MarketAxess Holdings Inc. will post 7.79 EPS for the current fiscal year.

MarketAxess Company 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.