Quantinno Capital Management LP Purchases 5,262 Shares of MarketAxess Holdings Inc. (NASDAQ:MKTX)

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

Several other institutional investors and hedge funds also recently modified their holdings of the company. Norges Bank bought a new stake in shares of MarketAxess during the 4th quarter worth approximately $119,095,000. FMR LLC raised its position in MarketAxess by 17.4% during 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. Congress Asset Management Co. acquired a new stake in MarketAxess in the fourth quarter valued at $71,103,000. Van ECK Associates Corp grew its position in shares of MarketAxess by 13.4% in 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 during the period. Finally, T. Rowe Price Investment Management Inc. increased its stake in shares of MarketAxess by 11.4% during 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 purchasing an additional 236,118 shares during the last quarter. 99.01% of the stock is owned by institutional investors and hedge funds.

MarketAxess Stock Performance

NASDAQ:MKTX traded down $2.52 during mid-day trading on Wednesday, reaching $215.35. 101,771 shares of the company's stock were exchanged, compared to its average volume of 500,911. MarketAxess Holdings Inc. has a one year low of $186.84 and a one year high of $296.68. The business's fifty day simple moving average is $217.97 and its two-hundred day simple moving average is $222.38. The firm has a market capitalization of $8.08 billion, a PE ratio of 29.62, a price-to-earnings-growth ratio of 3.89 and a beta of 0.89.

MarketAxess (NASDAQ:MKTX - Get Free Report) last issued its quarterly earnings results on Wednesday, May 7th. The financial services provider reported $1.87 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.82 by $0.05. MarketAxess had a return on equity of 20.23% and a net margin of 33.56%. 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 company posted $1.92 earnings per share. The firm's revenue for the quarter was down .8% compared to the same quarter last year. As a group, equities research analysts forecast that MarketAxess Holdings Inc. will post 7.79 EPS for the current year.

MarketAxess Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 4th. Stockholders of record on Wednesday, May 21st will be issued a dividend of $0.76 per share. This represents a $3.04 dividend on an annualized basis and a dividend yield of 1.41%. The ex-dividend date of this dividend is Wednesday, May 21st. MarketAxess's dividend payout ratio (DPR) is presently 52.87%.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on MKTX shares. Piper Sandler cut their target price on shares of MarketAxess from $213.00 to $202.00 and set a "neutral" rating for the company in a research note on Thursday, May 8th. Barclays raised their price objective on MarketAxess from $232.00 to $240.00 and gave the company 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 report on Thursday, May 8th. Citigroup raised their price target on MarketAxess from $250.00 to $265.00 and gave the company a "buy" rating in a report on Thursday, May 8th. Finally, Wall Street Zen raised shares of MarketAxess from a "sell" rating to a "hold" rating in a research report on Thursday, May 22nd. One research analyst has rated the stock with a sell rating, six have issued a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the stock has a consensus 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.