Tidal Investments LLC Has $2.32 Million Holdings in MarketAxess Holdings Inc. (NASDAQ:MKTX)

Tidal Investments LLC grew its holdings in shares of MarketAxess Holdings Inc. (NASDAQ:MKTX - Free Report) by 36.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 10,282 shares of the financial services provider's stock after purchasing an additional 2,764 shares during the quarter. Tidal Investments LLC's holdings in MarketAxess were worth $2,324,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Keybank National Association OH raised its holdings in shares of MarketAxess by 18.2% during the 4th quarter. Keybank National Association OH now owns 8,149 shares of the financial services provider's stock valued at $1,842,000 after purchasing an additional 1,256 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of MarketAxess by 1.4% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 363,224 shares of the financial services provider's stock valued at $82,103,000 after purchasing an additional 5,153 shares in the last quarter. Norden Group LLC bought a new position in shares of MarketAxess during the 4th quarter valued at $539,000. Taika Capital LP bought a new position in shares of MarketAxess during the 4th quarter valued at $2,689,000. Finally, Raymond James Financial Inc. bought a new position in shares of MarketAxess during the 4th quarter valued at $46,079,000. Institutional investors own 99.01% of the company's stock.

MarketAxess Stock Performance

Shares of NASDAQ:MKTX traded down $2.30 on Wednesday, hitting $215.57. 131,631 shares of the company were exchanged, compared to its average volume of 501,003. The company's 50 day moving average price is $217.97 and its two-hundred day moving average price is $222.38. MarketAxess Holdings Inc. has a one year low of $186.84 and a one year high of $296.68. The firm has a market capitalization of $8.08 billion, a price-to-earnings ratio of 29.61, a PEG ratio of 3.89 and a beta of 0.89.

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

MarketAxess Announces Dividend

The firm also recently announced 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 of this dividend is Wednesday, May 21st. This represents a $3.04 annualized dividend and a dividend yield of 1.41%. MarketAxess's dividend payout ratio (DPR) is currently 52.87%.

Analysts Set New Price Targets

Several research analysts recently commented on MKTX shares. Barclays lifted their target price on shares of MarketAxess from $232.00 to $240.00 and gave the stock an "equal weight" rating in a report on Thursday, May 8th. Piper Sandler dropped their target price on shares of MarketAxess from $213.00 to $202.00 and set a "neutral" rating on the stock in a report on Thursday, May 8th. Morgan Stanley lifted their target price on shares of MarketAxess from $263.00 to $283.00 and gave the stock an "overweight" rating in a report on Thursday, May 8th. Keefe, Bruyette & Woods lifted their target price 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. Finally, William Blair started coverage on shares of MarketAxess in a report on Friday, April 4th. They issued an "outperform" rating on the stock. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the company currently 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.