MarketAxess Holdings Inc. (NASDAQ:MKTX) Position Raised by Hixon Zuercher LLC

Hixon Zuercher LLC increased its holdings in shares of MarketAxess Holdings Inc. (NASDAQ:MKTX - Free Report) by 19.4% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 10,680 shares of the financial services provider's stock after acquiring an additional 1,739 shares during the period. Hixon Zuercher LLC's holdings in MarketAxess were worth $2,311,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of MKTX. Vanguard Group Inc. grew its holdings in shares of 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 buying an additional 90,805 shares in the last quarter. FMR LLC raised its stake in shares of MarketAxess by 17.4% in the 4th quarter. FMR LLC now owns 2,300,536 shares of the financial services provider's stock valued at $520,013,000 after acquiring an additional 341,493 shares during the period. T. Rowe Price Investment Management Inc. lifted its holdings in shares of MarketAxess by 11.4% in the 4th 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 during the last quarter. Primecap Management Co. CA boosted its position in shares of 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. Finally, Geode Capital Management LLC raised its holdings in shares of MarketAxess by 3.4% in the 4th quarter. Geode Capital Management LLC now owns 1,113,308 shares of the financial services provider's stock valued at $251,106,000 after buying an additional 36,431 shares during the period. Hedge funds and other institutional investors own 99.01% of the company's stock.

MarketAxess Price Performance

MKTX traded down $0.23 during trading on Tuesday, hitting $223.11. The company's stock had a trading volume of 454,571 shares, compared to its average volume of 497,879. The stock has a market cap of $8.37 billion, a PE ratio of 38.80, a PEG ratio of 2.85 and a beta of 0.84. The firm's 50 day moving average price is $220.86 and its 200-day moving average price is $216.22. MarketAxess Holdings Inc. has a twelve month low of $186.84 and a twelve month high of $296.68.

MarketAxess (NASDAQ:MKTX - Get Free Report) last issued its earnings results on Wednesday, May 7th. The financial services provider reported $1.87 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.82 by $0.05. The business had revenue of $208.58 million during the quarter, compared to analysts' expectations of $211.81 million. MarketAxess had a return on equity of 19.93% and a net margin of 26.57%. The company's revenue for the quarter was down .8% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.92 EPS. Equities analysts anticipate that MarketAxess Holdings Inc. will post 7.79 earnings per share for the current year.

MarketAxess Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, June 4th. Investors of record on Wednesday, May 21st were paid a $0.76 dividend. The ex-dividend date of this dividend was Wednesday, May 21st. This represents a $3.04 dividend on an annualized basis and a yield of 1.36%. MarketAxess's dividend payout ratio (DPR) is 52.87%.

Analysts Set New Price Targets

Several research firms have commented on MKTX. Keefe, Bruyette & Woods boosted their price target on shares of MarketAxess from $223.00 to $226.00 and gave the stock a "market perform" rating in a report on Thursday, May 8th. Morgan Stanley increased their price objective on MarketAxess from $263.00 to $283.00 and gave the company an "overweight" rating in a report on Thursday, May 8th. UBS Group lowered their target price on shares of MarketAxess from $305.00 to $295.00 and set a "buy" rating on the stock in a research report on Monday, April 7th. Barclays upped their price target on shares of MarketAxess from $232.00 to $240.00 and gave the company an "equal weight" rating in a research report on Thursday, May 8th. Finally, Citigroup lifted their price objective on shares of MarketAxess from $250.00 to $265.00 and gave the company a "buy" rating in a research note on Thursday, May 8th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Hold" and an average target price 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.