UniSuper Management Pty Ltd Has $1.82 Million Stake in MarketAxess Holdings Inc. (NASDAQ:MKTX)

UniSuper Management Pty Ltd lifted its holdings in MarketAxess Holdings Inc. (NASDAQ:MKTX) by 35.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,061 shares of the financial services provider’s stock after acquiring an additional 2,102 shares during the quarter. UniSuper Management Pty Ltd’s holdings in MarketAxess were worth $1,822,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Global X Japan Co. Ltd. boosted its stake in MarketAxess by 179.5% in the fourth quarter. Global X Japan Co. Ltd. now owns 109 shares of the financial services provider’s stock worth $25,000 after purchasing an additional 70 shares in the last quarter. Smartleaf Asset Management LLC grew its holdings in MarketAxess by 495.2% during the 4th 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 during the last quarter. SRS Capital Advisors Inc. increased its position in MarketAxess by 13,900.0% in the 4th 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. Park Place Capital Corp acquired a new position in shares of MarketAxess during the fourth quarter worth approximately $44,000. Finally, R Squared Ltd bought a new stake in shares of MarketAxess during the fourth quarter valued at approximately $47,000. 99.01% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on MKTX shares. UBS Group lowered their target price on MarketAxess from $330.00 to $305.00 and set a “buy” rating for the company in a research note on Friday, February 7th. Piper Sandler lowered their price target on shares of MarketAxess from $265.00 to $240.00 and set a “neutral” rating for the company in a research report on Tuesday, January 7th. Keefe, Bruyette & Woods cut their price objective on shares of MarketAxess from $251.00 to $225.00 and set a “market perform” rating on the stock in a report on Friday, February 7th. The Goldman Sachs Group dropped their target price on shares of MarketAxess from $235.00 to $210.00 and set a “neutral” rating for the company in a research report on Monday, February 10th. Finally, Barclays decreased their price objective on MarketAxess from $256.00 to $225.00 and set an “equal weight” rating for the company in a research note on Friday, February 7th. One analyst has rated the stock with a sell rating, seven have given a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, MarketAxess presently has a consensus rating of “Hold” and an average target price of $254.78.

MarketAxess Stock Down 1.0 %

MKTX opened at $216.75 on Monday. The stock has a market cap of $8.17 billion, a P/E ratio of 29.81, a P/E/G ratio of 3.89 and a beta of 1.05. MarketAxess Holdings Inc. has a 12 month low of $186.84 and a 12 month high of $296.68. The company has a fifty day simple moving average of $207.57 and a 200 day simple moving average of $238.95.

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

MarketAxess Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 5th. Shareholders of record on Wednesday, February 19th were issued a dividend of $0.76 per share. This is an increase from MarketAxess’s previous quarterly dividend of $0.74. This represents a $3.04 annualized dividend and a yield of 1.40%. The ex-dividend date of this dividend was Wednesday, February 19th. MarketAxess’s dividend payout ratio (DPR) is 41.82%.

MarketAxess 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.