Quantinno Capital Management LP Has $7.75 Million Holdings in MarketAxess Holdings Inc. $MKTX

Quantinno Capital Management LP grew its stake in MarketAxess Holdings Inc. (NASDAQ:MKTX) by 14.0% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 46,990 shares of the financial services provider’s stock after acquiring an additional 5,761 shares during the period. Quantinno Capital Management LP owned 0.13% of MarketAxess worth $7,752,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently modified their holdings of the stock. MUFG Securities EMEA plc bought a new stake in shares of MarketAxess during the second quarter valued at approximately $25,000. Geneos Wealth Management Inc. raised its position in MarketAxess by 200.0% in the 1st quarter. Geneos Wealth Management Inc. now owns 120 shares of the financial services provider’s stock worth $26,000 after purchasing an additional 80 shares during the last quarter. Activest Wealth Management bought a new position in MarketAxess in the 4th quarter worth approximately $28,000. Pacer Advisors Inc. lifted its holdings in MarketAxess by 300.0% during the 4th quarter. Pacer Advisors Inc. now owns 280 shares of the financial services provider’s stock worth $51,000 after buying an additional 210 shares in the last quarter. Finally, Westpac Banking Corp acquired a new position in MarketAxess during the 1st quarter worth $56,000. 99.01% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms have recently commented on MKTX. Barclays lowered their target price on MarketAxess from $170.00 to $132.00 and set an “equal weight” rating for the company in a research note on Thursday, July 9th. Wall Street Zen cut MarketAxess from a “hold” rating to a “sell” rating in a report on Saturday, August 1st. UBS Group lowered MarketAxess from a “buy” rating to a “neutral” rating and lowered their price objective for the stock from $200.00 to $167.00 in a research report on Friday, July 31st. Piper Sandler lowered their price objective on MarketAxess from $175.00 to $128.00 and set a “neutral” rating for the company in a research report on Wednesday, July 15th. Finally, Weiss Ratings reissued a “sell (d+)” rating on shares of MarketAxess in a report on Monday. Two equities research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $160.18.

MarketAxess Stock Performance

Shares of MarketAxess stock opened at $162.41 on Thursday. The firm has a fifty day moving average of $122.24 and a two-hundred day moving average of $151.46. The company has a debt-to-equity ratio of 0.19, a quick ratio of 2.17 and a current ratio of 2.17. The stock has a market capitalization of $5.77 billion, a price-to-earnings ratio of 19.15, a PEG ratio of 4.12 and a beta of 0.83. MarketAxess Holdings Inc. has a 52 week low of $108.75 and a 52 week high of $200.90.

MarketAxess (NASDAQ:MKTX) last posted its quarterly earnings results on Thursday, July 30th. The financial services provider reported $1.95 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.85 by $0.10. MarketAxess had a return on equity of 22.48% and a net margin of 35.22%.The business had revenue of $218.00 million for the quarter, compared to analyst estimates of $216.70 million. During the same period last year, the company earned $2.00 EPS. The firm’s revenue was down .5% on a year-over-year basis. As a group, equities research analysts predict that MarketAxess Holdings Inc. will post 8.04 EPS for the current year.

MarketAxess Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 2nd. Stockholders of record on Wednesday, August 19th will be given a dividend of $0.78 per share. This represents a $3.12 annualized dividend and a dividend yield of 1.9%. The ex-dividend date is Wednesday, August 19th. MarketAxess’s payout ratio is presently 36.79%.

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.