Natixis Buys 27,078 Shares of MarketAxess Holdings Inc. (NASDAQ:MKTX)

Natixis boosted its stake in MarketAxess Holdings Inc. (NASDAQ:MKTX - Free Report) by 1,384.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 29,034 shares of the financial services provider's stock after purchasing an additional 27,078 shares during the period. Natixis owned about 0.08% of MarketAxess worth $6,563,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. V Square Quantitative Management LLC boosted its position in MarketAxess by 4.0% during the fourth quarter. V Square Quantitative Management LLC now owns 1,340 shares of the financial services provider's stock valued at $303,000 after buying an additional 52 shares during the period. Guggenheim Capital LLC lifted its stake in shares of MarketAxess by 3.7% in the 4th quarter. Guggenheim Capital LLC now owns 1,701 shares of the financial services provider's stock valued at $384,000 after acquiring an additional 61 shares during the last quarter. Versor Investments LP boosted its holdings in MarketAxess by 6.3% during the 4th quarter. Versor Investments LP now owns 1,102 shares of the financial services provider's stock valued at $249,000 after acquiring an additional 65 shares during the period. Global X Japan Co. Ltd. grew its position in MarketAxess by 179.5% during the 4th quarter. Global X Japan Co. Ltd. now owns 109 shares of the financial services provider's stock worth $25,000 after acquiring an additional 70 shares during the last quarter. Finally, Fifth Third Bancorp lifted its position in MarketAxess by 2.6% in the fourth quarter. Fifth Third Bancorp now owns 2,979 shares of the financial services provider's stock valued at $673,000 after purchasing an additional 75 shares during the last quarter. Institutional investors and hedge funds own 99.01% of the company's stock.

MarketAxess Stock Up 0.4 %

Shares of MKTX stock traded up $0.81 during trading hours on Friday, hitting $219.00. 402,418 shares of the company's stock traded hands, compared to its average volume of 489,591. The stock has a market cap of $8.25 billion, a price-to-earnings ratio of 30.12, a PEG ratio of 3.89 and a beta of 1.12. The stock's fifty day simple moving average is $209.72 and its two-hundred day simple moving average is $232.99. MarketAxess Holdings Inc. has a 12-month low of $186.84 and a 12-month high of $296.68.

MarketAxess (NASDAQ:MKTX - Get Free Report) last announced its quarterly earnings data 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%. On average, equities analysts forecast that MarketAxess Holdings Inc. will post 7.79 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research analysts have recently issued reports on MKTX shares. Barclays raised their target price on shares of MarketAxess from $225.00 to $232.00 and gave the stock an "equal weight" rating in a report on Monday, April 7th. William Blair assumed coverage on shares of MarketAxess in a research note on Friday, April 4th. They set an "outperform" rating for the company. UBS Group cut their target price on MarketAxess from $305.00 to $295.00 and set a "buy" rating on the stock in a research note on Monday, April 7th. Piper Sandler dropped their price objective on MarketAxess from $220.00 to $213.00 and set a "neutral" rating for the company in a report on Tuesday, April 8th. Finally, The Goldman Sachs Group reduced their target price on MarketAxess from $235.00 to $210.00 and set a "neutral" rating on the stock in a research note on Monday, February 10th. One equities 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. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus 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.