New York State Teachers Retirement System Has $6.38 Million Stake in MarketAxess Holdings Inc. (NASDAQ:MKTX)

New York State Teachers Retirement System lessened its stake in shares of MarketAxess Holdings Inc. (NASDAQ:MKTX - Free Report) by 12.2% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 29,496 shares of the financial services provider's stock after selling 4,101 shares during the quarter. New York State Teachers Retirement System owned 0.08% of MarketAxess worth $6,381,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of the business. MassMutual Private Wealth & Trust FSB raised its position in MarketAxess by 49.1% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 164 shares of the financial services provider's stock valued at $35,000 after purchasing an additional 54 shares during the last quarter. State of Wyoming raised its position in MarketAxess by 13.6% in the 4th quarter. State of Wyoming now owns 483 shares of the financial services provider's stock valued at $109,000 after purchasing an additional 58 shares during the last quarter. Guggenheim Capital LLC raised its position in MarketAxess by 3.7% in the 4th quarter. Guggenheim Capital LLC now owns 1,701 shares of the financial services provider's stock valued at $384,000 after purchasing an additional 61 shares during the last quarter. Colonial Trust Co SC raised its position in MarketAxess by 20.2% in the 4th quarter. Colonial Trust Co SC now owns 422 shares of the financial services provider's stock valued at $95,000 after purchasing an additional 71 shares during the last quarter. Finally, UMB Bank n.a. raised its position in MarketAxess by 57.4% in the 1st quarter. UMB Bank n.a. now owns 222 shares of the financial services provider's stock valued at $48,000 after purchasing an additional 81 shares during the last quarter. Institutional investors own 99.01% of the company's stock.

MarketAxess Stock Up 1.1%

Shares of MarketAxess stock traded up $2.51 during trading on Friday, reaching $221.68. 302,184 shares of the company were exchanged, compared to its average volume of 499,090. MarketAxess Holdings Inc. has a twelve month low of $186.84 and a twelve month high of $296.68. The business has a 50-day moving average price of $221.03 and a 200-day moving average price of $216.01. The firm has a market capitalization of $8.31 billion, a price-to-earnings ratio of 38.55, a P/E/G ratio of 2.82 and a beta of 0.85.

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

MarketAxess Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 4th. Investors of record on Wednesday, May 21st were paid a dividend of $0.76 per share. The ex-dividend date of this dividend was Wednesday, May 21st. This represents a $3.04 dividend on an annualized basis and a dividend yield of 1.37%. MarketAxess's dividend payout ratio (DPR) is presently 52.87%.

Analyst Ratings Changes

Several equities analysts have issued reports on MKTX shares. Citigroup lifted their price objective on MarketAxess from $250.00 to $265.00 and gave the company a "buy" rating in a research report on Thursday, May 8th. UBS Group cut their price objective on MarketAxess from $305.00 to $295.00 and set a "buy" rating for the company in a research report on Monday, April 7th. Barclays boosted their target price on MarketAxess from $232.00 to $240.00 and gave the stock an "equal weight" rating in a research report on Thursday, May 8th. Morgan Stanley boosted their target price on MarketAxess from $263.00 to $283.00 and gave the stock an "overweight" rating in a research report on Thursday, May 8th. Finally, Bank of America boosted their target price on MarketAxess from $189.00 to $191.00 and gave the stock an "underperform" rating in a research report on Wednesday, April 2nd. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, MarketAxess has a consensus rating of "Hold" and an average price target of $241.78.

MarketAxess 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.