Interval Partners LP Raises Holdings in MarketAxess Holdings Inc. (NASDAQ:MKTX)

Interval Partners LP grew its position in shares of MarketAxess Holdings Inc. (NASDAQ:MKTX) by 207.0% in the fourth quarter, HoldingsChannel reports. The firm owned 21,383 shares of the financial services provider’s stock after buying an additional 14,418 shares during the quarter. Interval Partners LP’s holdings in MarketAxess were worth $4,833,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Global X Japan Co. Ltd. grew its position in shares of MarketAxess by 179.5% during the fourth quarter. Global X Japan Co. Ltd. now owns 109 shares of the financial services provider’s stock valued at $25,000 after purchasing an additional 70 shares in the last quarter. Allianz SE purchased a new position in MarketAxess in the fourth quarter worth about $27,000. Smartleaf Asset Management LLC grew its position in MarketAxess by 495.2% in the fourth quarter. Smartleaf Asset Management LLC now owns 125 shares of the financial services provider’s stock worth $28,000 after acquiring an additional 104 shares in the last quarter. SRS Capital Advisors Inc. grew its position in MarketAxess by 13,900.0% in the fourth quarter. SRS Capital Advisors Inc. now owns 140 shares of the financial services provider’s stock worth $32,000 after acquiring an additional 139 shares in the last quarter. Finally, Huntington National Bank grew its position in MarketAxess by 185.7% in 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 in the last quarter. Hedge funds and other institutional investors own 99.01% of the company’s stock.

MarketAxess Price Performance

Shares of NASDAQ:MKTX opened at $230.97 on Monday. MarketAxess Holdings Inc. has a 1 year low of $186.84 and a 1 year high of $296.68. The business has a 50 day simple moving average of $216.59 and a two-hundred day simple moving average of $227.61. The firm has a market capitalization of $8.59 billion, a PE ratio of 31.77, a price-to-earnings-growth ratio of 3.89 and a beta of 0.89.

MarketAxess (NASDAQ:MKTX) last announced its earnings results on Wednesday, May 7th. The financial services provider reported $1.87 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.82 by $0.05. MarketAxess had a return on equity of 20.23% and a net margin of 33.56%. The business had revenue of $208.58 million during the quarter, compared to analyst estimates of $211.81 million. During the same quarter in the previous year, the business earned $1.92 earnings per share. The company’s revenue for the quarter was down .8% compared to the same quarter last year. Equities research analysts expect that MarketAxess Holdings Inc. will post 7.79 EPS for the current fiscal year.

MarketAxess Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 4th. Stockholders of record on Wednesday, May 21st will be paid a dividend of $0.76 per share. This represents a $3.04 annualized dividend and a dividend yield of 1.32%. The ex-dividend date is Wednesday, May 21st. MarketAxess’s dividend payout ratio is presently 52.87%.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the company. Barclays lifted their price target on MarketAxess from $232.00 to $240.00 and gave the stock an “equal weight” rating in a research report on Thursday. Piper Sandler dropped their price target on MarketAxess from $213.00 to $202.00 and set a “neutral” rating for the company in a research report on Thursday. Keefe, Bruyette & Woods lifted their price target on MarketAxess from $223.00 to $226.00 and gave the stock a “market perform” rating in a research report on Thursday. Citigroup lifted their price target on MarketAxess from $250.00 to $265.00 and gave the stock a “buy” rating in a research report on Thursday. Finally, Bank of America lifted their price target on MarketAxess from $189.00 to $191.00 and gave the stock an “underperform” rating in a research report on Wednesday, April 2nd. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $241.78.

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.