Fox Run Management L.L.C. Acquires 1,215 Shares of MarketAxess Holdings Inc. (NASDAQ:MKTX)

Fox Run Management L.L.C. grew its stake in shares of MarketAxess Holdings Inc. (NASDAQ:MKTX - Free Report) by 46.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 3,847 shares of the financial services provider's stock after acquiring an additional 1,215 shares during the quarter. Fox Run Management L.L.C.'s holdings in MarketAxess were worth $870,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the stock. KLP Kapitalforvaltning AS bought a new position in MarketAxess during the fourth quarter valued at approximately $3,119,000. American Century Companies Inc. lifted its holdings in shares of MarketAxess by 6.7% during the 4th quarter. American Century Companies Inc. now owns 20,221 shares of the financial services provider's stock valued at $4,571,000 after buying an additional 1,261 shares during the period. Virtu Financial LLC boosted its stake in shares of MarketAxess by 22.1% in the 4th quarter. Virtu Financial LLC now owns 3,985 shares of the financial services provider's stock worth $901,000 after buying an additional 722 shares during the last quarter. Quantbot Technologies LP bought a new stake in shares of MarketAxess in the fourth quarter worth $3,210,000. Finally, iA Global Asset Management Inc. purchased a new stake in MarketAxess during the fourth quarter valued at $1,153,000. Hedge funds and other institutional investors own 99.01% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the company. Piper Sandler cut their price target on MarketAxess from $265.00 to $240.00 and set a "neutral" rating for the company in a research note on Tuesday, January 7th. Keefe, Bruyette & Woods cut their price objective on MarketAxess from $251.00 to $225.00 and set a "market perform" rating for the company in a research note on Friday, February 7th. Barclays reduced their target price on shares of 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 dropped their price target on shares of MarketAxess from $235.00 to $210.00 and set a "neutral" rating for the company in a research report on Monday, February 10th. Finally, UBS Group decreased their price objective on shares of MarketAxess from $330.00 to $305.00 and set a "buy" rating on the stock in a research report on Friday, February 7th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and two have given a buy rating to the company's stock. According to data from MarketBeat, MarketAxess has an average rating of "Hold" and an average price target of $254.78.

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MarketAxess Trading Down 1.0 %

Shares of MKTX stock traded down $2.26 on Friday, reaching $216.75. The company's stock had a trading volume of 365,011 shares, compared to its average volume of 460,718. The company has a market capitalization of $8.17 billion, a price-to-earnings ratio of 29.81, a price-to-earnings-growth ratio of 3.89 and a beta of 1.05. The stock's fifty day simple moving average is $207.57 and its 200-day simple moving average is $239.19. MarketAxess Holdings Inc. has a 1 year low of $186.84 and a 1 year high of $296.68.

MarketAxess (NASDAQ:MKTX - Get Free Report) last posted its earnings results on Thursday, February 6th. The financial services provider reported $1.73 earnings per share for the quarter, topping analysts' consensus estimates of $1.70 by $0.03. MarketAxess had a net margin of 33.56% and a return on equity of 20.23%. Equities research analysts forecast that MarketAxess Holdings Inc. will post 7.79 earnings per share for the current year.

MarketAxess Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 5th. Stockholders of record on Wednesday, February 19th were paid a dividend of $0.76 per share. This represents a $3.04 annualized dividend and a dividend yield of 1.40%. The ex-dividend date of this dividend was Wednesday, February 19th. This is an increase from MarketAxess's previous quarterly dividend of $0.74. MarketAxess's payout ratio is currently 41.82%.

About MarketAxess

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.