MarketAxess Holdings Inc. (NASDAQ:MKTX) Shares Bought by State of Alaska Department of Revenue

State of Alaska Department of Revenue lifted its position in shares of MarketAxess Holdings Inc. (NASDAQ:MKTX) by 2.7% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,415 shares of the financial services provider’s stock after purchasing an additional 115 shares during the period. State of Alaska Department of Revenue’s holdings in MarketAxess were worth $955,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in MKTX. Allianz SE acquired a new stake in MarketAxess during the 4th quarter valued at $27,000. Smartleaf Asset Management LLC boosted its position in MarketAxess by 495.2% in the 4th quarter. Smartleaf Asset Management LLC now owns 125 shares of the financial services provider’s stock valued at $28,000 after buying an additional 104 shares during the last quarter. SRS Capital Advisors Inc. grew its stake in shares of MarketAxess by 13,900.0% during the fourth quarter. SRS Capital Advisors Inc. now owns 140 shares of the financial services provider’s stock valued at $32,000 after acquiring an additional 139 shares in the last quarter. MassMutual Private Wealth & Trust FSB increased its position 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 worth $35,000 after acquiring an additional 54 shares during the last quarter. Finally, Huntington National Bank increased its position in shares of MarketAxess by 185.7% during the fourth quarter. Huntington National Bank now owns 160 shares of the financial services provider’s stock worth $36,000 after acquiring an additional 104 shares during the last quarter. 99.01% of the stock is owned by institutional investors and hedge funds.

MarketAxess Price Performance

MKTX stock opened at $220.55 on Friday. The firm has a market cap of $8.27 billion, a price-to-earnings ratio of 38.36, a PEG ratio of 2.90 and a beta of 0.84. MarketAxess Holdings Inc. has a 1-year low of $186.84 and a 1-year high of $296.68. The firm has a fifty day moving average price of $220.95 and a two-hundred day moving average price of $216.70.

MarketAxess (NASDAQ:MKTX) last posted its quarterly earnings results on Wednesday, May 7th. The financial services provider reported $1.87 EPS for the quarter, beating the consensus estimate of $1.82 by $0.05. MarketAxess had a net margin of 26.57% and a return on equity of 19.93%. The business had revenue of $208.58 million during the quarter, compared to analyst estimates of $211.81 million. During the same period in the previous year, the business posted $1.92 EPS. The company’s quarterly revenue was down .8% on a year-over-year basis. As a group, analysts expect that MarketAxess Holdings Inc. will post 7.79 EPS for the current fiscal year.

MarketAxess Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, June 4th. Shareholders of record on Wednesday, May 21st were paid a $0.76 dividend. The ex-dividend date was Wednesday, May 21st. This represents a $3.04 dividend on an annualized basis and a yield of 1.38%. MarketAxess’s payout ratio is currently 52.87%.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the company. Piper Sandler reduced their price target on MarketAxess from $213.00 to $202.00 and set a “neutral” rating for the company in a report on Thursday, May 8th. Citigroup increased their target price on MarketAxess from $250.00 to $265.00 and gave the company a “buy” rating in a research note on Thursday, May 8th. Keefe, Bruyette & Woods lifted their price target on shares of MarketAxess from $223.00 to $226.00 and gave the stock a “market perform” rating in a research note on Thursday, May 8th. Barclays upped their price target on shares of MarketAxess from $232.00 to $240.00 and gave the company an “equal weight” rating in a report on Thursday, May 8th. Finally, Bank of America raised their price objective on shares of MarketAxess from $189.00 to $191.00 and gave the stock an “underperform” rating in a report on Wednesday, April 2nd. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and four have given a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $241.78.

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.