1,922 Shares in MarketAxess Holdings Inc. (NASDAQ:MKTX) Purchased by Siemens Fonds Invest GmbH

Siemens Fonds Invest GmbH bought a new position in MarketAxess Holdings Inc. (NASDAQ:MKTX - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 1,922 shares of the financial services provider's stock, valued at approximately $433,000.

A number of other hedge funds have also added to or reduced their stakes in the business. Global X Japan Co. Ltd. increased its holdings in shares of MarketAxess by 179.5% during the fourth quarter. Global X Japan Co. Ltd. now owns 109 shares of the financial services provider's stock valued at $25,000 after acquiring an additional 70 shares in the last quarter. Allianz SE bought a new stake in shares of MarketAxess during the fourth quarter valued at approximately $27,000. Smartleaf Asset Management LLC increased its holdings in shares of MarketAxess by 495.2% during the fourth quarter. Smartleaf Asset Management LLC now owns 125 shares of the financial services provider's stock valued at $28,000 after acquiring an additional 104 shares in the last quarter. SRS Capital Advisors Inc. increased its holdings in shares of MarketAxess by 13,900.0% during the fourth quarter. SRS Capital Advisors Inc. now owns 140 shares of the financial services provider's stock valued at $32,000 after acquiring an additional 139 shares in the last quarter. Finally, Huntington National Bank increased its holdings in shares of MarketAxess by 185.7% during the fourth quarter. Huntington National Bank now owns 160 shares of the financial services provider's stock valued at $36,000 after acquiring an additional 104 shares in the last quarter. 99.01% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on MKTX shares. The Goldman Sachs Group decreased their price target on MarketAxess from $235.00 to $210.00 and set a "neutral" rating for the company in a report on Monday, February 10th. Piper Sandler decreased their price target on MarketAxess from $213.00 to $202.00 and set a "neutral" rating for the company in a report on Thursday, May 8th. Citigroup boosted their price objective on MarketAxess from $250.00 to $265.00 and gave the stock a "buy" rating in a research report on Thursday, May 8th. Keefe, Bruyette & Woods boosted their price objective on MarketAxess from $223.00 to $226.00 and gave the stock a "market perform" rating in a research report on Thursday, May 8th. Finally, Barclays boosted their price objective on MarketAxess from $232.00 to $240.00 and gave the stock an "equal weight" rating in a research report on Thursday, May 8th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $241.78.

MarketAxess Price Performance

Shares of NASDAQ MKTX traded down $5.12 during trading on Tuesday, reaching $213.90. 176,685 shares of the stock traded hands, compared to its average volume of 500,160. MarketAxess Holdings Inc. has a 52-week low of $186.84 and a 52-week high of $296.68. The company has a 50-day moving average of $218.10 and a 200-day moving average of $220.60. The stock has a market capitalization of $8.02 billion, a P/E ratio of 29.42, 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 EPS for the quarter, beating analysts' consensus estimates of $1.82 by $0.05. MarketAxess had a return on equity of 20.23% and a net margin of 33.56%. The firm had revenue of $208.58 million for the quarter, compared to analysts' expectations of $211.81 million. During the same quarter in the prior year, the firm earned $1.92 EPS. The business's revenue for the quarter was down .8% compared to the same quarter last year. Analysts expect that MarketAxess Holdings Inc. will post 7.79 earnings per share for the current fiscal 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 given a dividend of $0.76 per share. The ex-dividend date is Wednesday, May 21st. This represents a $3.04 dividend on an annualized basis and a dividend yield of 1.42%. MarketAxess's dividend payout ratio is presently 52.87%.

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.