Congress Asset Management Co. purchased a new position in shares of MarketAxess Holdings Inc. (NASDAQ:MKTX - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 314,561 shares of the financial services provider's stock, valued at approximately $71,103,000. Congress Asset Management Co. owned about 0.83% of MarketAxess at the end of the most recent reporting period.
A number of other institutional investors also recently bought and sold shares of MKTX. Accent Capital Management LLC purchased a new stake in MarketAxess during the 3rd quarter worth about $25,000. Global X Japan Co. Ltd. lifted its holdings in shares of MarketAxess by 179.5% in the 4th quarter. Global X Japan Co. Ltd. now owns 109 shares of the financial services provider's stock valued at $25,000 after purchasing an additional 70 shares during the last quarter. Park Place Capital Corp purchased a new stake in shares of MarketAxess in the 4th quarter valued at about $44,000. R Squared Ltd purchased a new stake in shares of MarketAxess in the 4th quarter valued at about $47,000. Finally, Exchange Traded Concepts LLC purchased a new stake in shares of MarketAxess in the 3rd quarter valued at about $54,000. 99.01% of the stock is owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
MKTX has been the subject of several research reports. UBS Group reduced their target price on MarketAxess from $330.00 to $305.00 and set a "buy" rating for the company in a report on Friday, February 7th. Barclays reduced their target price on MarketAxess from $256.00 to $225.00 and set an "equal weight" rating for the company in a report on Friday, February 7th. The Goldman Sachs Group reduced their target price 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 dropped their price target on MarketAxess from $265.00 to $240.00 and set a "neutral" rating on the stock in a research report on Tuesday, January 7th. Finally, Deutsche Bank Aktiengesellschaft boosted their price target on MarketAxess from $258.00 to $264.00 and gave the company a "hold" rating in a research report on Monday, November 11th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and two have assigned a buy rating to the company's stock. According to MarketBeat.com, MarketAxess presently has a consensus rating of "Hold" and a consensus target price of $254.78.
Check Out Our Latest Report on MarketAxess
MarketAxess Price Performance
NASDAQ MKTX traded down $1.79 on Wednesday, hitting $191.54. 683,538 shares of the company's stock were exchanged, compared to its average volume of 544,595. The firm's 50-day moving average price is $219.88 and its two-hundred day moving average price is $245.98. MarketAxess Holdings Inc. has a fifty-two week low of $188.88 and a fifty-two week high of $296.68. The firm has a market cap of $7.22 billion, a price-to-earnings ratio of 26.35, a P/E/G ratio of 3.95 and a beta of 1.02.
MarketAxess (NASDAQ:MKTX - Get Free Report) last released its earnings results on Thursday, February 6th. The financial services provider reported $1.73 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.70 by $0.03. MarketAxess had a return on equity of 20.23% and a net margin of 33.56%. On average, research analysts predict that MarketAxess Holdings Inc. will post 7.82 earnings per share for the current fiscal year.
MarketAxess Increases Dividend
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, March 5th. Shareholders of record on Wednesday, February 19th will be given a dividend of $0.76 per share. This is a boost from MarketAxess's previous quarterly dividend of $0.74. The ex-dividend date of this dividend is Wednesday, February 19th. This represents a $3.04 annualized dividend and a yield of 1.59%. MarketAxess's payout ratio is presently 40.72%.
Insiders Place Their Bets
In related news, General Counsel Scott Pintoff sold 300 shares of the company's stock in a transaction that occurred on Monday, December 9th. The stock was sold at an average price of $240.57, for a total value of $72,171.00. Following the sale, the general counsel now owns 8,302 shares in the company, valued at $1,997,212.14. This represents a 3.49 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 2.66% of the stock is currently owned by insiders.
MarketAxess Profile
(
Free Report)
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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