Kayne Anderson Rudnick Investment Management LLC Has $1.37 Million Holdings in MarketAxess Holdings Inc. (NASDAQ:MKTX)

Kayne Anderson Rudnick Investment Management LLC trimmed its position in shares of MarketAxess Holdings Inc. (NASDAQ:MKTX - Free Report) by 18.9% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 6,050 shares of the financial services provider's stock after selling 1,414 shares during the quarter. Kayne Anderson Rudnick Investment Management LLC's holdings in MarketAxess were worth $1,368,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of the business. Global X Japan Co. Ltd. lifted its stake in shares of MarketAxess by 179.5% in the fourth quarter. Global X Japan Co. Ltd. now owns 109 shares of the financial services provider's stock valued at $25,000 after buying an additional 70 shares in the last quarter. Allianz SE acquired a new position in MarketAxess during the 4th quarter valued at about $27,000. Smartleaf Asset Management LLC boosted its stake in MarketAxess by 495.2% during the 4th quarter. Smartleaf Asset Management LLC now owns 125 shares of the financial services provider's stock valued at $28,000 after purchasing an additional 104 shares during the last quarter. SRS Capital Advisors Inc. raised its stake in shares of MarketAxess by 13,900.0% in the fourth quarter. SRS Capital Advisors Inc. now owns 140 shares of the financial services provider's stock worth $32,000 after purchasing an additional 139 shares during the last quarter. Finally, Huntington National Bank lifted its holdings in shares of MarketAxess by 185.7% in the fourth quarter. Huntington National Bank now owns 160 shares of the financial services provider's stock valued at $36,000 after purchasing an additional 104 shares in the last quarter. Institutional investors and hedge funds own 99.01% of the company's stock.

MarketAxess Stock Performance

Shares of MKTX opened at $222.41 on Wednesday. The firm has a market cap of $8.38 billion, a P/E ratio of 30.59, a price-to-earnings-growth ratio of 3.89 and a beta of 1.12. MarketAxess Holdings Inc. has a fifty-two week low of $186.84 and a fifty-two week high of $296.68. The business has a 50-day moving average of $208.74 and a 200 day moving average of $233.48.

MarketAxess (NASDAQ:MKTX - Get Free Report) last announced its quarterly earnings results on Thursday, February 6th. The financial services provider reported $1.73 EPS for the quarter, beating 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%. As a group, research analysts predict that MarketAxess Holdings Inc. will post 7.79 earnings per share for the current fiscal year.

MarketAxess Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 5th. Shareholders of record on Wednesday, February 19th were issued a dividend of $0.76 per share. This represents a $3.04 dividend on an annualized basis and a yield of 1.37%. The ex-dividend date was Wednesday, February 19th. This is a positive change from MarketAxess's previous quarterly dividend of $0.74. MarketAxess's payout ratio is presently 41.82%.

Analyst Ratings Changes

A number of equities research analysts recently commented on the company. Piper Sandler lowered their price target on MarketAxess from $220.00 to $213.00 and set a "neutral" rating for the company in a research report on Tuesday, April 8th. Barclays raised their price target on shares of MarketAxess from $225.00 to $232.00 and gave the company an "equal weight" rating in a research report on Monday, April 7th. Keefe, Bruyette & Woods reduced their price objective on shares of MarketAxess from $251.00 to $225.00 and set a "market perform" rating for the company in a research report on Friday, February 7th. Bank of America boosted their target price on MarketAxess from $189.00 to $191.00 and gave the stock an "underperform" rating in a research note on Wednesday, April 2nd. Finally, William Blair started coverage on MarketAxess in a report on Friday, April 4th. They issued an "outperform" rating for the company. One analyst has rated the stock with a sell rating, six have given a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $252.11.

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.

Want to see what other hedge funds are holding MKTX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for MarketAxess Holdings Inc. (NASDAQ:MKTX - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.