MarketAxess Holdings Inc. (NASDAQ:MKTX) Shares Sold by Catalyst Funds Management Pty Ltd

Catalyst Funds Management Pty Ltd reduced its position in shares of MarketAxess Holdings Inc. (NASDAQ:MKTX) by 8.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,100 shares of the financial services provider’s stock after selling 100 shares during the period. Catalyst Funds Management Pty Ltd’s holdings in MarketAxess were worth $249,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Accent Capital Management LLC purchased a new position in MarketAxess during the third quarter worth about $25,000. Global X Japan Co. Ltd. lifted 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 acquiring an additional 70 shares during the last quarter. Smartleaf Asset Management LLC lifted its stake 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 during the last quarter. SRS Capital Advisors Inc. raised its holdings in MarketAxess by 13,900.0% during the fourth quarter. SRS Capital Advisors Inc. now owns 140 shares of the financial services provider’s stock worth $32,000 after purchasing an additional 139 shares in the last quarter. Finally, Park Place Capital Corp acquired a new stake in MarketAxess during the fourth quarter worth approximately $44,000. Hedge funds and other institutional investors own 99.01% of the company’s stock.

MarketAxess Price Performance

NASDAQ MKTX opened at $212.38 on Monday. MarketAxess Holdings Inc. has a 12 month low of $186.84 and a 12 month high of $296.68. The company has a 50-day moving average of $208.13 and a 200-day moving average of $241.33. The company has a market cap of $8.01 billion, a P/E ratio of 29.21, a P/E/G ratio of 3.89 and a beta of 1.05.

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

MarketAxess Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 5th. Investors of record on Wednesday, February 19th were given a dividend of $0.76 per share. This represents a $3.04 dividend on an annualized basis and a yield of 1.43%. The ex-dividend date was Wednesday, February 19th. This is an increase from MarketAxess’s previous quarterly dividend of $0.74. MarketAxess’s dividend payout ratio is 41.82%.

Analysts Set New Price Targets

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

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.