Dynamic Technology Lab Private Ltd Purchases New Position in MarketAxess Holdings Inc. (NASDAQ:MKTX)

Dynamic Technology Lab Private Ltd purchased a new position in MarketAxess Holdings Inc. (NASDAQ:MKTX - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 3,933 shares of the financial services provider's stock, valued at approximately $889,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. First Hawaiian Bank purchased a new stake in shares of MarketAxess in the 4th quarter valued at approximately $1,088,000. Keybank National Association OH lifted its position in shares of MarketAxess by 18.2% in the fourth quarter. Keybank National Association OH now owns 8,149 shares of the financial services provider's stock worth $1,842,000 after purchasing an additional 1,256 shares in the last quarter. Charles Schwab Investment Management Inc. increased its stake in shares of MarketAxess by 1.4% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 363,224 shares of the financial services provider's stock worth $82,103,000 after acquiring an additional 5,153 shares during the last quarter. Norden Group LLC acquired a new stake in shares of MarketAxess during the 4th quarter valued at about $539,000. Finally, Taika Capital LP acquired a new stake in MarketAxess in the fourth quarter valued at approximately $2,689,000. Institutional investors and hedge funds own 99.01% of the company's stock.

Analyst Ratings Changes

Several research analysts have recently commented on the stock. Keefe, Bruyette & Woods dropped their price target on shares of MarketAxess from $251.00 to $225.00 and set a "market perform" rating on the stock in a research note on Friday, February 7th. Barclays raised their target price on MarketAxess from $225.00 to $232.00 and gave the company an "equal weight" rating in a report on Monday. William Blair started coverage on MarketAxess in a report on Friday, April 4th. They set an "outperform" rating on the stock. Morgan Stanley upgraded MarketAxess from an "equal weight" rating to an "overweight" rating in a report on Tuesday. Finally, The Goldman Sachs Group dropped their price target on shares of MarketAxess from $235.00 to $210.00 and set a "neutral" rating on the stock in a research report on Monday, February 10th. One research 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 MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $252.11.

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MarketAxess Price Performance

Shares of MarketAxess stock traded up $9.61 during midday trading on Friday, hitting $219.93. The company had a trading volume of 280,938 shares, compared to its average volume of 481,026. The stock has a market cap of $8.29 billion, a PE ratio of 30.18, a P/E/G ratio of 3.89 and a beta of 1.12. MarketAxess Holdings Inc. has a 1-year low of $186.84 and a 1-year high of $296.68. The business's 50 day simple moving average is $204.90 and its two-hundred day simple moving average is $235.51.

MarketAxess (NASDAQ:MKTX - Get Free Report) last posted its quarterly earnings data 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 net margin of 33.56% and a return on equity of 20.23%. On average, sell-side analysts expect that MarketAxess Holdings Inc. will post 7.79 EPS for the current fiscal year.

MarketAxess Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 5th. Stockholders of record on Wednesday, February 19th were given a dividend of $0.76 per share. The ex-dividend date was Wednesday, February 19th. This is a boost from MarketAxess's previous quarterly dividend of $0.74. This represents a $3.04 dividend on an annualized basis and a dividend yield of 1.38%. MarketAxess's payout ratio is currently 41.82%.

MarketAxess 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.