Taika Capital LP Invests $2.69 Million in MarketAxess Holdings Inc. (NASDAQ:MKTX)

Taika Capital LP purchased a new position in shares of MarketAxess Holdings Inc. (NASDAQ:MKTX - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 11,894 shares of the financial services provider's stock, valued at approximately $2,689,000. MarketAxess makes up approximately 2.0% of Taika Capital LP's holdings, making the stock its 19th largest holding.

A number of other hedge funds also recently made changes to their positions in MKTX. Asset Management One Co. Ltd. lifted its stake in MarketAxess by 0.3% during the third quarter. Asset Management One Co. Ltd. now owns 15,431 shares of the financial services provider's stock worth $3,953,000 after purchasing an additional 50 shares during the period. V Square Quantitative Management LLC lifted its position in shares of MarketAxess by 4.0% during the 4th quarter. V Square Quantitative Management LLC now owns 1,340 shares of the financial services provider's stock worth $303,000 after buying an additional 52 shares during the period. M&T Bank Corp boosted its stake in MarketAxess by 4.0% in the 3rd quarter. M&T Bank Corp now owns 1,469 shares of the financial services provider's stock valued at $376,000 after buying an additional 56 shares in the last quarter. Versor Investments LP boosted its stake in MarketAxess by 6.3% in the 4th quarter. Versor Investments LP now owns 1,102 shares of the financial services provider's stock valued at $249,000 after buying an additional 65 shares in the last quarter. Finally, Global X Japan Co. Ltd. grew its position in 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 acquiring an additional 70 shares during the period. Institutional investors and hedge funds own 99.01% of the company's stock.

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Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on MKTX shares. Keefe, Bruyette & Woods reduced their target price 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. Piper Sandler reduced their target price on MarketAxess from $265.00 to $240.00 and set a "neutral" rating on the stock in a report on Tuesday, January 7th. UBS Group cut their price objective on MarketAxess from $330.00 to $305.00 and set a "buy" rating for the company in a research report on Friday, February 7th. The Goldman Sachs Group lowered their target price on MarketAxess from $235.00 to $210.00 and set a "neutral" rating for the company in a research note on Monday, February 10th. Finally, Barclays decreased their price objective on shares of MarketAxess from $256.00 to $225.00 and set an "equal weight" rating on the stock in a report on Friday, February 7th. One analyst has rated the stock with a sell rating, seven have given a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $254.78.

MarketAxess Trading Down 1.4 %

Shares of NASDAQ:MKTX traded down $3.04 during trading on Wednesday, hitting $206.92. 103,492 shares of the company's stock were exchanged, compared to its average volume of 697,094. The firm has a 50-day moving average price of $209.06 and a two-hundred day moving average price of $241.88. MarketAxess Holdings Inc. has a 1-year low of $186.84 and a 1-year high of $296.68. The firm has a market cap of $7.80 billion, a P/E ratio of 28.43, a PEG ratio of 3.89 and a beta of 1.05.

MarketAxess (NASDAQ:MKTX - Get Free Report) last posted its quarterly earnings results on Thursday, February 6th. The financial services provider reported $1.73 earnings per share for the quarter, beating analysts' consensus estimates of $1.70 by $0.03. MarketAxess had a return on equity of 20.23% and a net margin of 33.56%. As a group, research analysts predict that MarketAxess Holdings Inc. will post 7.79 EPS 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 $0.76 dividend. 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 1.47%. MarketAxess's dividend payout ratio is 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.