MarketAxess Holdings Inc. (NASDAQ:MKTX) Shares Acquired by GAMMA Investing LLC

GAMMA Investing LLC boosted its stake in shares of MarketAxess Holdings Inc. (NASDAQ:MKTX - Free Report) by 25,960.4% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 183,465 shares of the financial services provider's stock after purchasing an additional 182,761 shares during the period. GAMMA Investing LLC owned approximately 0.49% of MarketAxess worth $39,693,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the stock. Vanguard Group Inc. raised its stake in MarketAxess by 2.1% during the fourth quarter. Vanguard Group Inc. now owns 4,434,946 shares of the financial services provider's stock worth $1,002,475,000 after purchasing an additional 90,805 shares during the period. FMR LLC increased its position in shares of MarketAxess by 17.4% in the fourth quarter. FMR LLC now owns 2,300,536 shares of the financial services provider's stock worth $520,013,000 after acquiring an additional 341,493 shares in the last quarter. T. Rowe Price Investment Management Inc. increased its position in shares of MarketAxess by 11.4% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 2,298,409 shares of the financial services provider's stock worth $519,533,000 after acquiring an additional 236,118 shares in the last quarter. Van ECK Associates Corp lifted its holdings in shares of MarketAxess by 13.4% during the 4th quarter. Van ECK Associates Corp now owns 2,000,736 shares of the financial services provider's stock valued at $452,246,000 after acquiring an additional 236,497 shares in the last quarter. Finally, Primecap Management Co. CA boosted its position in MarketAxess by 2.3% during the 4th quarter. Primecap Management Co. CA now owns 1,369,102 shares of the financial services provider's stock worth $309,472,000 after purchasing an additional 30,180 shares during the period. Hedge funds and other institutional investors own 99.01% of the company's stock.

MarketAxess Stock Down 1.7%

Shares of MKTX traded down $3.91 during midday trading on Friday, hitting $222.22. The company had a trading volume of 460,002 shares, compared to its average volume of 500,594. The company's 50 day moving average price is $218.37 and its 200 day moving average price is $219.64. The stock has a market cap of $8.33 billion, a price-to-earnings ratio of 30.57, a PEG ratio of 3.89 and a beta of 0.84. MarketAxess Holdings Inc. has a 52 week low of $186.84 and a 52 week high of $296.68.

MarketAxess (NASDAQ:MKTX - Get Free Report) last released its earnings results on Wednesday, May 7th. The financial services provider reported $1.87 earnings per share for the quarter, topping the consensus estimate of $1.82 by $0.05. The company had revenue of $208.58 million during the quarter, compared to the consensus estimate of $211.81 million. MarketAxess had a net margin of 33.56% and a return on equity of 20.23%. The company's revenue was down .8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.92 EPS. Equities analysts anticipate that MarketAxess Holdings Inc. will post 7.79 EPS for the current fiscal year.

MarketAxess Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 4th. Stockholders of record on Wednesday, May 21st were issued a $0.76 dividend. This represents a $3.04 annualized dividend and a dividend yield of 1.37%. The ex-dividend date was Wednesday, May 21st. MarketAxess's dividend payout ratio (DPR) is presently 52.87%.

Analyst Ratings Changes

A number of analysts have recently issued reports on MKTX shares. William Blair initiated coverage on shares of MarketAxess in a research note on Friday, April 4th. They set an "outperform" rating on the stock. Piper Sandler lowered their price target on shares of MarketAxess from $213.00 to $202.00 and set a "neutral" rating for the company in a report on Thursday, May 8th. Citigroup upped their price objective on shares of MarketAxess from $250.00 to $265.00 and gave the company a "buy" rating in a research report on Thursday, May 8th. Keefe, Bruyette & Woods raised their target price on MarketAxess from $223.00 to $226.00 and gave the company a "market perform" rating in a research note on Thursday, May 8th. Finally, UBS Group lowered their target price on MarketAxess from $305.00 to $295.00 and set a "buy" rating for the company in a research note on Monday, April 7th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and four have issued a buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and an average price target of $241.78.

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.