Dockside LLC Buys Shares of 7,619 MarketAxess Holdings Inc. $MKTX

Dockside LLC bought a new stake in shares of MarketAxess Holdings Inc. (NASDAQ:MKTX) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 7,619 shares of the financial services provider’s stock, valued at approximately $1,381,000.

A number of other institutional investors have also recently bought and sold shares of MKTX. Jefferies Financial Group Inc. boosted its position in MarketAxess by 444.2% during the third quarter. Jefferies Financial Group Inc. now owns 38,093 shares of the financial services provider’s stock valued at $6,638,000 after purchasing an additional 31,093 shares during the last quarter. Taylor Hoffman Capital Management LLC acquired a new stake in MarketAxess during the third quarter valued at $3,361,000. Wealth Enhancement Advisory Services LLC boosted its position in MarketAxess by 305.3% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 46,537 shares of the financial services provider’s stock valued at $8,449,000 after purchasing an additional 35,056 shares during the last quarter. ING Groep NV boosted its position in MarketAxess by 655.2% during the third quarter. ING Groep NV now owns 13,700 shares of the financial services provider’s stock valued at $2,387,000 after purchasing an additional 11,886 shares during the last quarter. Finally, Exchange Traded Concepts LLC boosted its position in MarketAxess by 163.1% during the fourth quarter. Exchange Traded Concepts LLC now owns 12,579 shares of the financial services provider’s stock valued at $2,280,000 after purchasing an additional 7,798 shares during the last quarter. Institutional investors and hedge funds own 99.01% of the company’s stock.

MarketAxess Stock Up 3.9%

MarketAxess stock opened at $120.89 on Friday. The company has a market capitalization of $4.30 billion, a P/E ratio of 14.29, a P/E/G ratio of 3.91 and a beta of 0.86. The firm’s fifty day simple moving average is $147.78 and its 200-day simple moving average is $165.33. The company has a current ratio of 2.17, a quick ratio of 2.17 and a debt-to-equity ratio of 0.19. MarketAxess Holdings Inc. has a 1-year low of $113.29 and a 1-year high of $228.16.

MarketAxess (NASDAQ:MKTX) last released its quarterly earnings results on Thursday, May 7th. The financial services provider reported $2.25 earnings per share for the quarter, beating analysts’ consensus estimates of $2.15 by $0.10. The business had revenue of $233.38 million for the quarter, compared to the consensus estimate of $231.91 million. MarketAxess had a net margin of 35.53% and a return on equity of 22.28%. MarketAxess’s revenue for the quarter was up 11.9% on a year-over-year basis. During the same quarter last year, the firm earned $1.87 EPS. Sell-side analysts forecast that MarketAxess Holdings Inc. will post 8.02 earnings per share for the current fiscal year.

MarketAxess Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, June 3rd. Shareholders of record on Wednesday, May 20th were given a $0.78 dividend. This represents a $3.12 annualized dividend and a yield of 2.6%. The ex-dividend date was Wednesday, May 20th. MarketAxess’s dividend payout ratio (DPR) is currently 36.88%.

Analyst Ratings Changes

A number of analysts recently issued reports on MKTX shares. UBS Group reduced their price objective on MarketAxess from $225.00 to $215.00 and set a “buy” rating for the company in a research report on Monday, May 11th. Barclays cut their price target on shares of MarketAxess from $189.00 to $170.00 and set an “equal weight” rating on the stock in a report on Monday, May 11th. Keefe, Bruyette & Woods began coverage on shares of MarketAxess in a report on Wednesday, April 8th. They set an “outperform” rating and a $195.00 price target on the stock. Bank of America upgraded shares of MarketAxess from an “underperform” rating to a “neutral” rating and set a $170.00 price target on the stock in a report on Friday. Finally, Argus downgraded shares of MarketAxess from a “buy” rating to a “hold” rating in a report on Tuesday, March 17th. Two equities research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $183.10.

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.