Quantinno Capital Management LP Raises Stock Holdings in MarketAxess Holdings Inc. (NASDAQ:MKTX)

Quantinno Capital Management LP raised its holdings in MarketAxess Holdings Inc. (NASDAQ:MKTX - Free Report) by 374.0% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 6,669 shares of the financial services provider's stock after buying an additional 5,262 shares during the quarter. Quantinno Capital Management LP's holdings in MarketAxess were worth $1,507,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. V Square Quantitative Management LLC raised its stake in MarketAxess by 4.0% in the fourth quarter. V Square Quantitative Management LLC now owns 1,340 shares of the financial services provider's stock valued at $303,000 after buying an additional 52 shares during the last quarter. Guggenheim Capital LLC raised its stake in MarketAxess by 3.7% in the fourth quarter. Guggenheim Capital LLC now owns 1,701 shares of the financial services provider's stock valued at $384,000 after buying an additional 61 shares during the last quarter. Versor Investments LP raised its stake in MarketAxess by 6.3% in the fourth quarter. Versor Investments LP now owns 1,102 shares of the financial services provider's stock valued at $249,000 after buying an additional 65 shares during the last quarter. Global X Japan Co. Ltd. raised its stake in MarketAxess by 179.5% in the fourth quarter. Global X Japan Co. Ltd. now owns 109 shares of the financial services provider's stock valued at $25,000 after buying an additional 70 shares during the last quarter. Finally, Colonial Trust Co SC raised its stake in MarketAxess by 20.2% in the fourth quarter. Colonial Trust Co SC now owns 422 shares of the financial services provider's stock valued at $95,000 after buying an additional 71 shares during the last quarter. 99.01% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts have commented on the company. Wall Street Zen upgraded MarketAxess from a "sell" rating to a "hold" rating in a research note on Thursday. Piper Sandler cut their price objective on MarketAxess from $213.00 to $202.00 and set a "neutral" rating on the stock in a report on Thursday, May 8th. William Blair started coverage on MarketAxess in a report on Friday, April 4th. They issued an "outperform" rating on the stock. Barclays increased their price objective on MarketAxess from $232.00 to $240.00 and gave the company an "equal weight" rating in a report on Thursday, May 8th. Finally, Bank of America increased their price objective on MarketAxess from $189.00 to $191.00 and gave the company an "underperform" rating in a report on Wednesday, April 2nd. One analyst has rated the stock with a sell rating, six have given a hold rating and four have issued a buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $241.78.

MarketAxess Stock Down 1.5%

MarketAxess stock opened at $216.41 on Friday. The firm has a market cap of $8.12 billion, a price-to-earnings ratio of 29.77, a price-to-earnings-growth ratio of 3.89 and a beta of 0.89. MarketAxess Holdings Inc. has a 52 week low of $186.84 and a 52 week high of $296.68. The business's 50-day moving average price is $217.94 and its 200 day moving average price is $223.95.

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

MarketAxess Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 4th. Investors of record on Wednesday, May 21st will be issued a dividend of $0.76 per share. This represents a $3.04 annualized dividend and a yield of 1.40%. The ex-dividend date of this dividend is Wednesday, May 21st. MarketAxess's dividend payout ratio (DPR) is 52.87%.

About MarketAxess

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.

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