Focus Partners Advisor Solutions LLC Purchases 4,252 Shares of MarketAxess Holdings Inc. $MKTX

Focus Partners Advisor Solutions LLC raised its position in shares of MarketAxess Holdings Inc. (NASDAQ:MKTX) by 109.4% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 8,140 shares of the financial services provider’s stock after purchasing an additional 4,252 shares during the quarter. Focus Partners Advisor Solutions LLC’s holdings in MarketAxess were worth $1,387,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Jones Financial Companies Lllp lifted its stake in shares of MarketAxess by 151.0% during the 1st quarter. Jones Financial Companies Lllp now owns 2,683 shares of the financial services provider’s stock valued at $580,000 after buying an additional 1,614 shares in the last quarter. Empowered Funds LLC raised its holdings in MarketAxess by 8.4% during the first quarter. Empowered Funds LLC now owns 1,716 shares of the financial services provider’s stock valued at $371,000 after acquiring an additional 133 shares during the period. Woodline Partners LP lifted its position in shares of MarketAxess by 40.7% in the first quarter. Woodline Partners LP now owns 3,185 shares of the financial services provider’s stock valued at $689,000 after acquiring an additional 921 shares in the last quarter. Geneos Wealth Management Inc. boosted its stake in shares of MarketAxess by 200.0% in the first quarter. Geneos Wealth Management Inc. now owns 120 shares of the financial services provider’s stock worth $26,000 after acquiring an additional 80 shares during the period. Finally, Sivia Capital Partners LLC purchased a new stake in shares of MarketAxess during the second quarter worth about $406,000. 99.01% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms recently commented on MKTX. Zacks Research raised MarketAxess from a “strong sell” rating to a “hold” rating in a report on Tuesday, November 18th. Wall Street Zen raised shares of MarketAxess from a “sell” rating to a “hold” rating in a report on Saturday, February 7th. Piper Sandler dropped their target price on shares of MarketAxess from $180.00 to $175.00 and set a “neutral” rating for the company in a research report on Wednesday, January 14th. Weiss Ratings raised shares of MarketAxess from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Tuesday, February 10th. Finally, Keefe, Bruyette & Woods boosted their price target on shares of MarketAxess from $194.00 to $198.00 and gave the stock a “market perform” rating in a research note on Monday, November 10th. Four research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $200.40.

MarketAxess Price Performance

MKTX stock opened at $184.44 on Friday. MarketAxess Holdings Inc. has a 52 week low of $156.17 and a 52 week high of $232.84. The company has a quick ratio of 2.80, a current ratio of 2.80 and a debt-to-equity ratio of 0.19. The company has a fifty day simple moving average of $176.28 and a two-hundred day simple moving average of $175.16. The firm has a market capitalization of $6.56 billion, a P/E ratio of 27.69, a price-to-earnings-growth ratio of 4.12 and a beta of 0.93.

MarketAxess (NASDAQ:MKTX) last posted its earnings results on Friday, February 6th. The financial services provider reported $1.68 earnings per share for the quarter, missing analysts’ consensus estimates of $1.72 by ($0.04). MarketAxess had a return on equity of 20.88% and a net margin of 29.14%.The business had revenue of $209.41 million during the quarter, compared to the consensus estimate of $214.06 million. During the same quarter last year, the firm earned $1.73 earnings per share. The business’s quarterly revenue was up 3.5% on a year-over-year basis. Analysts anticipate that MarketAxess Holdings Inc. will post 7.79 earnings per share for the current fiscal year.

MarketAxess Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 4th. Shareholders of record on Wednesday, February 18th were given a dividend of $0.78 per share. This represents a $3.12 dividend on an annualized basis and a yield of 1.7%. This is a boost from MarketAxess’s previous quarterly dividend of $0.76. The ex-dividend date was Wednesday, February 18th. MarketAxess’s dividend payout ratio (DPR) is currently 46.85%.

MarketAxess Company Profile

MarketAxess Holdings Inc operates a leading global electronic trading platform specializing in fixed-income securities and related products. The company’s network enables institutional investors and broker-dealers to trade corporate bonds, municipal securities, emerging markets debt, U.S. Treasuries and credit default swaps in an automated, multi-dealer environment. MarketAxess also offers portfolio trading, data analytics, best-execution tools and post-trade services to streamline workflows and enhance price discovery across its marketplace.

In addition to core voice-like trading protocols, MarketAxess provides Open Trading®, an anonymous, all-to-all trading protocol designed to improve liquidity and transaction efficiency.