Dimensional Fund Advisors LP Boosts Stake in MarketAxess Holdings Inc. $MKTX

Dimensional Fund Advisors LP grew its position in shares of MarketAxess Holdings Inc. (NASDAQ:MKTX - Free Report) by 10.3% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 581,484 shares of the financial services provider's stock after buying an additional 54,503 shares during the quarter. Dimensional Fund Advisors LP owned 1.65% of MarketAxess worth $95,933,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently modified their holdings of the business. MUFG Securities EMEA plc bought a new stake in MarketAxess during the second quarter worth $25,000. Geneos Wealth Management Inc. grew its stake in MarketAxess by 200.0% in the 1st quarter. Geneos Wealth Management Inc. now owns 120 shares of the financial services provider's stock valued at $26,000 after purchasing an additional 80 shares during the period. Activest Wealth Management purchased a new stake in shares of MarketAxess during the 4th quarter valued at $28,000. Pacer Advisors Inc. increased its holdings in MarketAxess by 300.0% during the fourth quarter. Pacer Advisors Inc. now owns 280 shares of the financial services provider's stock worth $51,000 after buying an additional 210 shares during the last quarter. Finally, Wilmington Savings Fund Society FSB raised its holdings in shares of MarketAxess by 698.1% in the 3rd quarter. Wilmington Savings Fund Society FSB now owns 431 shares of the financial services provider's stock worth $75,000 after purchasing an additional 377 shares during the period. 99.01% of the stock is owned by institutional investors.

MarketAxess Stock Performance

MarketAxess stock opened at $125.73 on Thursday. MarketAxess Holdings Inc. has a 1-year low of $108.75 and a 1-year high of $210.94. The company has a current ratio of 2.17, a quick ratio of 2.17 and a debt-to-equity ratio of 0.19. The firm has a market capitalization of $4.47 billion, a PE ratio of 14.86, a price-to-earnings-growth ratio of 3.28 and a beta of 0.88. The firm's 50 day simple moving average is $119.45 and its 200 day simple moving average is $151.77.

MarketAxess (NASDAQ:MKTX - Get Free Report) last announced its quarterly earnings results on Thursday, May 7th. The financial services provider reported $2.25 EPS for the quarter, beating the consensus estimate of $2.15 by $0.10. The firm had revenue of $233.38 million during the quarter, compared to the consensus estimate of $231.91 million. MarketAxess had a net margin of 35.53% and a return on equity of 22.28%. The business's quarterly revenue was up 11.9% compared to the same quarter last year. During the same period last year, the firm earned $1.87 EPS. As a group, analysts expect that MarketAxess Holdings Inc. will post 8.01 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on MKTX shares. Morgan Stanley dropped their price target on MarketAxess from $195.00 to $129.00 and set an "equal weight" rating on the stock in a research report on Friday, July 10th. UBS Group decreased their price objective on MarketAxess from $215.00 to $200.00 and set a "buy" rating for the company in a report on Wednesday, July 8th. Benchmark restated a "buy" rating on shares of MarketAxess in a research note on Wednesday, July 8th. Keefe, Bruyette & Woods assumed coverage on shares of MarketAxess in a report on Wednesday, April 8th. They set an "outperform" rating and a $195.00 price objective on the stock. Finally, Weiss Ratings lowered shares of MarketAxess from a "hold (c-)" rating to a "sell (d+)" rating in a research report on Wednesday, May 6th. Three equities research analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, MarketAxess has an average rating of "Hold" and an average target price of $163.18.

MarketAxess Profile

MarketAxess Holdings Inc operates a leading global electronic trading platform specializing in fixed-income securities and related products. The company's network enables institutional investors and broker-dealers to trade corporate bonds, municipal securities, emerging markets debt, U.S. Treasuries and credit default swaps in an automated, multi-dealer environment. MarketAxess also offers portfolio trading, data analytics, best-execution tools and post-trade services to streamline workflows and enhance price discovery across its marketplace.

In addition to core voice-like trading protocols, MarketAxess provides Open Trading®, an anonymous, all-to-all trading protocol designed to improve liquidity and transaction efficiency.

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