Fox Run Management L.L.C. Has $1.52 Million Position in MarketAxess Holdings Inc. $MKTX

Fox Run Management L.L.C. boosted its stake in MarketAxess Holdings Inc. (NASDAQ:MKTX) by 73.5% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 8,704 shares of the financial services provider’s stock after purchasing an additional 3,686 shares during the quarter. Fox Run Management L.L.C.’s holdings in MarketAxess were worth $1,517,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in MKTX. MUFG Securities EMEA plc bought a new position in shares of MarketAxess during the 2nd quarter worth about $25,000. Geneos Wealth Management Inc. raised its stake in MarketAxess by 200.0% during the 1st quarter. Geneos Wealth Management Inc. now owns 120 shares of the financial services provider’s stock worth $26,000 after buying an additional 80 shares during the period. True Wealth Design LLC boosted its holdings in MarketAxess by 992.9% in the second quarter. True Wealth Design LLC now owns 153 shares of the financial services provider’s stock worth $34,000 after acquiring an additional 139 shares in the last quarter. Pilgrim Partners Asia Pte Ltd acquired a new stake in MarketAxess in the third quarter valued at approximately $38,000. Finally, Abich Financial Wealth Management LLC acquired a new stake in MarketAxess in the third quarter valued at approximately $43,000. Institutional investors and hedge funds own 99.01% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently issued reports on MKTX shares. Zacks Research upgraded MarketAxess from a “strong sell” rating to a “hold” rating in a report on Tuesday, November 18th. Keefe, Bruyette & Woods raised their price objective on shares of MarketAxess from $194.00 to $198.00 and gave the company a “market perform” rating in a research note on Monday, November 10th. Morgan Stanley reduced their price objective on shares of MarketAxess from $204.00 to $195.00 and set an “equal weight” rating for the company in a report on Thursday, January 15th. Piper Sandler decreased 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. Finally, UBS Group dropped their price target on shares of MarketAxess from $240.00 to $225.00 and set a “buy” rating on the stock in a research report on Friday, January 9th. Four investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, MarketAxess presently has a consensus rating of “Hold” and a consensus target price of $200.40.

MarketAxess Stock Performance

NASDAQ MKTX opened at $181.83 on Wednesday. The company has a fifty day moving average price of $175.37 and a 200-day moving average price of $175.01. The firm has a market cap of $6.76 billion, a price-to-earnings ratio of 27.30, a PEG ratio of 3.95 and a beta of 0.97. The company has a debt-to-equity ratio of 0.19, a current ratio of 3.42 and a quick ratio of 2.60. MarketAxess Holdings Inc. has a 1 year low of $156.17 and a 1 year high of $232.84.

MarketAxess (NASDAQ:MKTX) last released its quarterly 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 net margin of 29.14% and a return on equity of 20.88%. The firm had revenue of $209.41 million for the quarter, compared to the consensus estimate of $214.06 million. During the same period in the previous year, the business earned $1.73 earnings per share. The firm’s revenue for the quarter was up 3.5% on a year-over-year basis. As a group, equities research analysts predict that MarketAxess Holdings Inc. will post 7.79 EPS for the current fiscal year.

MarketAxess Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, March 4th. Stockholders of record on Wednesday, February 18th will be issued a $0.78 dividend. This is a boost from MarketAxess’s previous quarterly dividend of $0.76. This represents a $3.12 annualized dividend and a dividend yield of 1.7%. The ex-dividend date of this dividend is Wednesday, February 18th. MarketAxess’s dividend payout ratio is currently 46.85%.

MarketAxess 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.