MarketAxess Holdings Inc. (NASDAQ:MKTX) Shares Purchased by Guardian Capital Advisors LP

Guardian Capital Advisors LP grew its holdings in shares of MarketAxess Holdings Inc. (NASDAQ:MKTX - Free Report) by 306.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 5,305 shares of the financial services provider's stock after buying an additional 4,000 shares during the period. Guardian Capital Advisors LP's holdings in MarketAxess were worth $1,472,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Van ECK Associates Corp raised its holdings in MarketAxess by 146.4% during the third quarter. Van ECK Associates Corp now owns 1,265,784 shares of the financial services provider's stock worth $270,422,000 after purchasing an additional 752,111 shares in the last quarter. FMR LLC raised its holdings in MarketAxess by 385.6% during the third quarter. FMR LLC now owns 545,563 shares of the financial services provider's stock worth $116,554,000 after purchasing an additional 433,217 shares in the last quarter. Teacher Retirement System of Texas raised its holdings in MarketAxess by 156.4% during the third quarter. Teacher Retirement System of Texas now owns 210,134 shares of the financial services provider's stock worth $44,893,000 after purchasing an additional 128,193 shares in the last quarter. Invesco Ltd. raised its holdings in MarketAxess by 26.7% during the third quarter. Invesco Ltd. now owns 539,080 shares of the financial services provider's stock worth $115,169,000 after purchasing an additional 113,642 shares in the last quarter. Finally, Burgundy Asset Management Ltd. raised its holdings in MarketAxess by 97.0% during the third quarter. Burgundy Asset Management Ltd. now owns 170,285 shares of the financial services provider's stock worth $36,380,000 after purchasing an additional 83,864 shares in the last quarter. Institutional investors own 99.01% of the company's stock.

MarketAxess Price Performance

NASDAQ MKTX traded down $1.89 on Friday, hitting $214.71. 279,159 shares of the stock were exchanged, compared to its average volume of 422,203. The company's 50-day moving average price is $212.63 and its two-hundred day moving average price is $234.15. MarketAxess Holdings Inc. has a 52-week low of $198.01 and a 52-week high of $297.97. The company has a market capitalization of $8.14 billion, a price-to-earnings ratio of 31.53, a P/E/G ratio of 4.59 and a beta of 0.98.

MarketAxess (NASDAQ:MKTX - Get Free Report) last posted its quarterly earnings results on Tuesday, May 7th. The financial services provider reported $1.92 EPS for the quarter, beating the consensus estimate of $1.85 by $0.07. MarketAxess had a net margin of 33.83% and a return on equity of 20.82%. The business had revenue of $210.30 million for the quarter, compared to analysts' expectations of $212.99 million. During the same period in the previous year, the company posted $1.96 EPS. MarketAxess's revenue was up 3.5% on a year-over-year basis. Equities analysts predict that MarketAxess Holdings Inc. will post 7.18 EPS for the current fiscal year.

MarketAxess Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 5th. Stockholders of record on Wednesday, May 22nd will be issued a dividend of $0.74 per share. This represents a $2.96 annualized dividend and a dividend yield of 1.38%. The ex-dividend date of this dividend is Tuesday, May 21st. MarketAxess's dividend payout ratio is currently 43.47%.

Analysts Set New Price Targets

MKTX has been the topic of several recent analyst reports. Piper Sandler dropped their target price on MarketAxess from $250.00 to $237.00 and set a "neutral" rating on the stock in a report on Friday, April 12th. Bank of America assumed coverage on shares of MarketAxess in a research report on Wednesday, April 10th. They issued an "underperform" rating and a $199.00 price target on the stock. William Blair restated an "outperform" rating on shares of MarketAxess in a research report on Tuesday, January 23rd. UBS Group decreased their price target on shares of MarketAxess from $305.00 to $285.00 and set a "buy" rating on the stock in a research report on Wednesday, May 8th. Finally, Morgan Stanley lifted their price target on shares of MarketAxess from $278.00 to $279.00 and gave the stock an "equal weight" rating in a research report on Tuesday, April 9th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, MarketAxess presently has an average rating of "Hold" and an average target price of $249.73.

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.