MarketAxess Holdings Inc. (NASDAQ:MKTX) Shares Bought by Federated Hermes Inc.

Federated Hermes Inc. grew its holdings in shares of MarketAxess Holdings Inc. (NASDAQ:MKTX) by 13.0% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 522 shares of the financial services provider’s stock after acquiring an additional 60 shares during the period. Federated Hermes Inc.’s holdings in MarketAxess were worth $113,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of MKTX. MassMutual Private Wealth & Trust FSB grew its stake in shares of MarketAxess by 49.1% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 164 shares of the financial services provider’s stock valued at $35,000 after acquiring an additional 54 shares in the last quarter. UMB Bank n.a. grew its stake in MarketAxess by 57.4% in the first quarter. UMB Bank n.a. now owns 222 shares of the financial services provider’s stock worth $48,000 after purchasing an additional 81 shares in the last quarter. Harbor Capital Advisors Inc. acquired a new position in MarketAxess in the first quarter worth about $56,000. Intact Investment Management Inc. acquired a new position in MarketAxess in the first quarter worth about $65,000. Finally, Signaturefd LLC grew its stake in MarketAxess by 173.0% in the first quarter. Signaturefd LLC now owns 333 shares of the financial services provider’s stock worth $72,000 after purchasing an additional 211 shares in the last quarter. 99.01% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms recently commented on MKTX. Piper Sandler reiterated a “neutral” rating and issued a $204.00 price target (up from $202.00) on shares of MarketAxess in a research note on Tuesday, July 15th. Morgan Stanley decreased their price target on MarketAxess from $283.00 to $274.00 and set an “overweight” rating for the company in a research note on Tuesday, July 15th. Barclays decreased their price target on MarketAxess from $237.00 to $200.00 and set an “equal weight” rating for the company in a research note on Thursday. Wall Street Zen upgraded MarketAxess from a “sell” rating to a “hold” rating in a research note on Saturday. Finally, UBS Group cut their target price on shares of MarketAxess from $295.00 to $255.00 and set a “buy” rating on the stock in a report on Thursday. One research analyst has rated the stock with a sell rating, six have given a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $232.11.

MarketAxess Stock Up 1.4%

Shares of NASDAQ MKTX opened at $187.01 on Monday. The firm’s 50-day moving average price is $215.61 and its two-hundred day moving average price is $213.39. MarketAxess Holdings Inc. has a 52-week low of $182.99 and a 52-week high of $296.68. The stock has a market capitalization of $6.99 billion, a P/E ratio of 31.48, a P/E/G ratio of 3.56 and a beta of 0.84.

MarketAxess (NASDAQ:MKTX) last released its quarterly earnings results on Wednesday, August 6th. The financial services provider reported $2.00 earnings per share for the quarter, beating analysts’ consensus estimates of $1.94 by $0.06. The company had revenue of $219.46 million for the quarter, compared to analysts’ expectations of $218.05 million. MarketAxess had a return on equity of 20.41% and a net margin of 26.62%. The business’s revenue for the quarter was up 11.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.72 earnings per share. As a group, equities research analysts expect that MarketAxess Holdings Inc. will post 7.79 earnings per share for the current year.

MarketAxess Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 3rd. Stockholders of record on Wednesday, August 20th will be issued a dividend of $0.76 per share. This represents a $3.04 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date of this dividend is Wednesday, August 20th. MarketAxess’s payout ratio is 51.18%.

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.