MarketAxess Holdings Inc. (NASDAQ:MKTX) Shares Sold by Yousif Capital Management LLC

Yousif Capital Management LLC lessened its position in MarketAxess Holdings Inc. (NASDAQ:MKTX) by 2.0% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 4,592 shares of the financial services provider’s stock after selling 96 shares during the period. Yousif Capital Management LLC’s holdings in MarketAxess were worth $993,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Keybank National Association OH lifted its stake in shares of MarketAxess by 18.2% in the 4th quarter. Keybank National Association OH now owns 8,149 shares of the financial services provider’s stock worth $1,842,000 after acquiring an additional 1,256 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in shares of MarketAxess by 1.4% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 363,224 shares of the financial services provider’s stock worth $82,103,000 after acquiring an additional 5,153 shares during the period. Norden Group LLC acquired a new stake in shares of MarketAxess in the 4th quarter worth $539,000. Taika Capital LP acquired a new stake in shares of MarketAxess in the 4th quarter worth $2,689,000. Finally, Raymond James Financial Inc. acquired a new stake in shares of MarketAxess in the 4th quarter worth $46,079,000. Institutional investors and hedge funds own 99.01% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently commented on MKTX shares. UBS Group reduced their target price on shares of MarketAxess from $305.00 to $295.00 and set a “buy” rating for the company in a research note on Monday, April 7th. Wall Street Zen downgraded shares of MarketAxess from a “hold” rating to a “sell” rating in a report on Friday, June 6th. Piper Sandler cut their price target on shares of MarketAxess from $213.00 to $202.00 and set a “neutral” rating for the company in a report on Thursday, May 8th. William Blair started coverage on shares of MarketAxess in a report on Friday, April 4th. They issued an “outperform” rating for the company. Finally, Morgan Stanley increased their price target on shares of MarketAxess from $263.00 to $283.00 and gave the company an “overweight” rating in a report on Thursday, May 8th. Two analysts have rated the stock with a sell rating, five have given a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $241.78.

MarketAxess Trading Down 1.2%

NASDAQ:MKTX opened at $220.81 on Thursday. The firm has a 50-day moving average price of $220.92 and a two-hundred day moving average price of $217.89. MarketAxess Holdings Inc. has a twelve month low of $186.84 and a twelve month high of $296.68. The company has a market capitalization of $8.28 billion, a P/E ratio of 38.40, a price-to-earnings-growth ratio of 2.90 and a beta of 0.84.

MarketAxess (NASDAQ:MKTX) last posted its earnings results on Wednesday, May 7th. The financial services provider reported $1.87 earnings per share for the quarter, beating the consensus estimate of $1.82 by $0.05. The firm had revenue of $208.58 million during the quarter, compared to the consensus estimate of $211.81 million. MarketAxess had a net margin of 26.57% and a return on equity of 19.93%. The firm’s revenue for the quarter was down .8% on a year-over-year basis. During the same period last year, the firm posted $1.92 EPS. On average, equities research analysts predict that MarketAxess Holdings Inc. will post 7.79 earnings per share for the current year.

MarketAxess Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, June 4th. Stockholders of record on Wednesday, May 21st were issued a dividend of $0.76 per share. The ex-dividend date of this dividend was Wednesday, May 21st. This represents a $3.04 dividend on an annualized basis and a dividend yield of 1.38%. MarketAxess’s dividend payout ratio (DPR) is presently 52.87%.

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.