Dimensional Fund Advisors LP Purchases 25,763 Shares of MarketAxess Holdings Inc. (NASDAQ:MKTX)

Dimensional Fund Advisors LP lifted its position in MarketAxess Holdings Inc. (NASDAQ:MKTX) by 6.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 397,867 shares of the financial services provider’s stock after buying an additional 25,763 shares during the period. Dimensional Fund Advisors LP’s holdings in MarketAxess were worth $89,934,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the company. First Trust Advisors LP lifted its position in MarketAxess by 474.8% during the fourth quarter. First Trust Advisors LP now owns 15,388 shares of the financial services provider’s stock valued at $3,478,000 after purchasing an additional 12,711 shares during the period. Canada Pension Plan Investment Board lifted its position in MarketAxess by 43.2% during the fourth quarter. Canada Pension Plan Investment Board now owns 49,689 shares of the financial services provider’s stock valued at $11,232,000 after purchasing an additional 15,000 shares during the period. Jump Financial LLC lifted its position in MarketAxess by 189.5% during the fourth quarter. Jump Financial LLC now owns 22,159 shares of the financial services provider’s stock valued at $5,009,000 after purchasing an additional 14,506 shares during the period. Ontario Teachers Pension Plan Board bought a new position in MarketAxess during the fourth quarter valued at approximately $232,000. Finally, Guggenheim Capital LLC lifted its position in MarketAxess by 3.7% during the fourth quarter. Guggenheim Capital LLC now owns 1,701 shares of the financial services provider’s stock valued at $384,000 after purchasing an additional 61 shares during the period. Institutional investors own 99.01% of the company’s stock.

MarketAxess Trading Down 0.2 %

NASDAQ:MKTX opened at $218.63 on Tuesday. The stock has a 50-day moving average price of $210.76 and a 200 day moving average price of $231.58. MarketAxess Holdings Inc. has a 12-month low of $186.84 and a 12-month high of $296.68. The stock has a market capitalization of $8.24 billion, a P/E ratio of 30.07, a P/E/G ratio of 3.89 and a beta of 1.12.

MarketAxess (NASDAQ:MKTX) last posted its quarterly earnings results on Thursday, February 6th. The financial services provider reported $1.73 EPS for the quarter, topping analysts’ consensus estimates of $1.70 by $0.03. MarketAxess had a return on equity of 20.23% and a net margin of 33.56%. On average, research analysts predict that MarketAxess Holdings Inc. will post 7.79 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts recently weighed in on MKTX shares. Morgan Stanley upgraded shares of MarketAxess from an “equal weight” rating to an “overweight” rating in a research report on Tuesday, April 8th. Keefe, Bruyette & Woods decreased their price target on shares of MarketAxess from $251.00 to $225.00 and set a “market perform” rating on the stock in a research report on Friday, February 7th. Barclays increased their price target on shares of MarketAxess from $225.00 to $232.00 and gave the stock an “equal weight” rating in a research report on Monday, April 7th. UBS Group decreased their price target on shares of MarketAxess from $305.00 to $295.00 and set a “buy” rating on the stock in a research report on Monday, April 7th. Finally, William Blair initiated coverage on shares of MarketAxess in a research report on Friday, April 4th. They issued an “outperform” rating on the stock. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and four have given a buy rating to the stock. According to MarketBeat, MarketAxess has an average rating of “Hold” and an average price target of $252.11.

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.