MarketAxess Holdings Inc. (NASDAQ:MKTX) Shares Bought by Geneva Capital Management LLC

Geneva Capital Management LLC lifted its position in shares of MarketAxess Holdings Inc. (NASDAQ:MKTX) by 48.1% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 5,754 shares of the financial services provider’s stock after acquiring an additional 1,869 shares during the period. Geneva Capital Management LLC’s holdings in MarketAxess were worth $1,685,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of MKTX. Bank of New York Mellon Corp raised its holdings in MarketAxess by 19.8% during the third quarter. Bank of New York Mellon Corp now owns 418,104 shares of the financial services provider’s stock worth $89,324,000 after acquiring an additional 69,165 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in MarketAxess by 7.1% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 14,456 shares of the financial services provider’s stock worth $3,088,000 after purchasing an additional 954 shares during the last quarter. Mackenzie Financial Corp lifted its stake in MarketAxess by 2.3% during the third quarter. Mackenzie Financial Corp now owns 2,851 shares of the financial services provider’s stock worth $584,000 after purchasing an additional 65 shares during the last quarter. IFM Investors Pty Ltd lifted its stake in shares of MarketAxess by 7.8% in the 3rd quarter. IFM Investors Pty Ltd now owns 6,901 shares of the financial services provider’s stock valued at $1,474,000 after acquiring an additional 500 shares during the last quarter. Finally, Inspire Investing LLC increased its holdings in MarketAxess by 18.0% in the third quarter. Inspire Investing LLC now owns 5,839 shares of the financial services provider’s stock valued at $1,247,000 after purchasing an additional 891 shares during the period. Institutional investors own 99.01% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the company. Barclays cut their target price on MarketAxess from $236.00 to $225.00 and set an “equal weight” rating on the stock in a research note on Wednesday. Piper Sandler dropped their price objective on MarketAxess from $250.00 to $237.00 and set a “neutral” rating on the stock in a research report on Friday, April 12th. UBS Group decreased their price objective on MarketAxess from $305.00 to $285.00 and set a “buy” rating on the stock in a research note on Wednesday. Keefe, Bruyette & Woods decreased their target price on MarketAxess from $235.00 to $230.00 and set a “market perform” rating on the stock in a research note on Wednesday. Finally, The Goldman Sachs Group dropped their target price on MarketAxess from $263.00 to $225.00 and set a “neutral” rating for the company in a report on Thursday, February 1st. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, MarketAxess presently has an average rating of “Hold” and an average target price of $249.73.

MarketAxess Trading Up 0.3 %

MarketAxess stock traded up $0.62 during mid-day trading on Friday, hitting $205.44. The company’s stock had a trading volume of 156,667 shares, compared to its average volume of 418,980. MarketAxess Holdings Inc. has a 1 year low of $198.01 and a 1 year high of $303.85. The stock’s fifty day moving average is $212.86 and its two-hundred day moving average is $234.52. The firm has a market capitalization of $7.72 billion, a PE ratio of 29.90, a price-to-earnings-growth ratio of 4.26 and a beta of 0.98.

MarketAxess (NASDAQ:MKTX) last released its quarterly earnings results on Tuesday, May 7th. The financial services provider reported $1.92 EPS for the quarter, topping the consensus estimate of $1.85 by $0.07. The business had revenue of $210.30 million during the quarter, compared to analyst estimates of $212.99 million. MarketAxess had a return on equity of 21.76% and a net margin of 34.29%. The company’s quarterly revenue was up 3.5% on a year-over-year basis. During the same period last year, the business posted $1.96 earnings per share. On average, equities analysts expect that MarketAxess Holdings Inc. will post 7.28 EPS for the current fiscal year.

MarketAxess Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 5th. Stockholders of record on Wednesday, May 22nd will be given a dividend of $0.74 per share. This represents a $2.96 dividend on an annualized basis and a dividend yield of 1.44%. The ex-dividend date is Tuesday, May 21st. MarketAxess’s dividend payout ratio (DPR) is currently 43.21%.

Insider Transactions at MarketAxess

In related news, CRO Kevin M. Mcpherson sold 2,000 shares of the firm’s stock in a transaction dated Friday, February 16th. The stock was sold at an average price of $221.26, for a total transaction of $442,520.00. Following the transaction, the executive now owns 70,092 shares of the company’s stock, valued at $15,508,555.92. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 2.66% of the company’s stock.

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.