MarketAxess Holdings Inc. (NASDAQ:MKTX) Shares Bought by UniSuper Management Pty Ltd

UniSuper Management Pty Ltd increased its holdings in shares of MarketAxess Holdings Inc. (NASDAQ:MKTX - Free Report) by 35.3% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 8,061 shares of the financial services provider's stock after acquiring an additional 2,102 shares during the period. UniSuper Management Pty Ltd's holdings in MarketAxess were worth $1,822,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. Global X Japan Co. Ltd. grew its holdings 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 purchasing an additional 70 shares during the period. Smartleaf Asset Management LLC grew its stake in MarketAxess by 495.2% in the 4th quarter. Smartleaf Asset Management LLC now owns 125 shares of the financial services provider's stock valued at $28,000 after acquiring an additional 104 shares during the period. SRS Capital Advisors Inc. increased its holdings in MarketAxess by 13,900.0% in the 4th quarter. SRS Capital Advisors Inc. now owns 140 shares of the financial services provider's stock worth $32,000 after acquiring an additional 139 shares in the last quarter. Park Place Capital Corp acquired a new position in MarketAxess during the fourth quarter worth $44,000. Finally, R Squared Ltd acquired a new position in MarketAxess during the fourth quarter worth $47,000. Hedge funds and other institutional investors own 99.01% of the company's stock.

MarketAxess Price Performance

Shares of MKTX traded down $5.09 during mid-day trading on Wednesday, reaching $210.83. The stock had a trading volume of 614,885 shares, compared to its average volume of 463,343. The business's fifty day moving average is $207.37 and its 200 day moving average is $238.37. MarketAxess Holdings Inc. has a 52-week low of $186.84 and a 52-week high of $296.68. The firm has a market cap of $7.95 billion, a price-to-earnings ratio of 29.00, a P/E/G ratio of 3.89 and a beta of 1.05.

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

MarketAxess Increases Dividend

The firm 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. This represents a $3.04 annualized dividend and a dividend yield of 1.44%. The ex-dividend date of this dividend was Wednesday, February 19th. This is a positive change from MarketAxess's previous quarterly dividend of $0.74. MarketAxess's dividend payout ratio is 41.82%.

Analyst Ratings Changes

A number of research firms have recently commented on MKTX. Barclays cut their target price on shares of MarketAxess from $256.00 to $225.00 and set an "equal weight" rating for the company in a research note on Friday, February 7th. Piper Sandler cut their price objective on MarketAxess from $265.00 to $240.00 and set a "neutral" rating for the company in a research note on Tuesday, January 7th. UBS Group decreased their target price on MarketAxess from $330.00 to $305.00 and set a "buy" rating on the stock in a research report on Friday, February 7th. Keefe, Bruyette & Woods dropped their price target on MarketAxess from $251.00 to $225.00 and set a "market perform" rating for the company in a research report on Friday, February 7th. Finally, Bank of America raised their price objective on MarketAxess from $189.00 to $191.00 and gave the company an "underperform" rating in a report on Wednesday. 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 stock. According to MarketBeat, the company has an average rating of "Hold" and a consensus price target of $255.44.

MarketAxess Company 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.