Tidal Investments LLC Boosts Stock Holdings in MarketAxess Holdings Inc. (NASDAQ:MKTX)

Tidal Investments LLC boosted its position in MarketAxess Holdings Inc. (NASDAQ:MKTX) by 36.8% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 10,282 shares of the financial services provider’s stock after buying an additional 2,764 shares during the quarter. Tidal Investments LLC’s holdings in MarketAxess were worth $2,324,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently made changes to their positions in the company. State of Wyoming increased its holdings in MarketAxess by 13.6% in the 4th quarter. State of Wyoming now owns 483 shares of the financial services provider’s stock worth $109,000 after acquiring an additional 58 shares during the last quarter. Toronto Dominion Bank raised its holdings in MarketAxess by 4.0% during the 4th quarter. Toronto Dominion Bank now owns 25,721 shares of the financial services provider’s stock valued at $5,813,000 after acquiring an additional 984 shares during the period. Shell Asset Management Co. lifted its position in shares of MarketAxess by 285.1% during the fourth quarter. Shell Asset Management Co. now owns 4,232 shares of the financial services provider’s stock worth $957,000 after acquiring an additional 3,133 shares in the last quarter. Rafferty Asset Management LLC boosted its holdings in shares of MarketAxess by 4.0% in the fourth quarter. Rafferty Asset Management LLC now owns 13,311 shares of the financial services provider’s stock worth $3,009,000 after acquiring an additional 514 shares during the period. Finally, Prana Capital Management LP grew its position in shares of MarketAxess by 613.1% in the fourth quarter. Prana Capital Management LP now owns 33,522 shares of the financial services provider’s stock valued at $7,577,000 after purchasing an additional 28,821 shares in the last quarter. 99.01% of the stock is currently owned by institutional investors.

MarketAxess Stock Performance

NASDAQ MKTX opened at $216.41 on Friday. MarketAxess Holdings Inc. has a 52-week low of $186.84 and a 52-week high of $296.68. The company has a fifty day moving average of $217.94 and a 200-day moving average of $223.95. The company has a market capitalization of $8.12 billion, a P/E ratio of 29.77, a P/E/G ratio of 3.89 and a beta of 0.89.

MarketAxess (NASDAQ:MKTX) last issued its quarterly earnings results on Wednesday, May 7th. The financial services provider reported $1.87 earnings per share (EPS) for the quarter, topping 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 firm 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 company posted $1.92 earnings per share. The company’s revenue was down .8% compared to the same quarter last year. As a group, analysts forecast that MarketAxess Holdings Inc. will post 7.79 EPS for the current fiscal year.

MarketAxess Dividend Announcement

The business also recently disclosed 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 dividend on an annualized basis and a dividend yield of 1.40%. The ex-dividend date of this dividend is Wednesday, May 21st. MarketAxess’s dividend payout ratio (DPR) is presently 52.87%.

Wall Street Analyst Weigh In

MKTX has been the subject of several analyst reports. Piper Sandler cut their target price on MarketAxess from $213.00 to $202.00 and set a “neutral” rating for the company in a research note on Thursday, May 8th. UBS Group lowered their price target on shares of MarketAxess from $305.00 to $295.00 and set a “buy” rating on the stock in a report on Monday, April 7th. Keefe, Bruyette & Woods boosted their price objective on shares of MarketAxess from $223.00 to $226.00 and gave the company a “market perform” rating in a research note on Thursday, May 8th. Wall Street Zen raised shares of MarketAxess from a “sell” rating to a “hold” rating in a report on Thursday. Finally, William Blair initiated coverage on shares of MarketAxess in a report on Friday, April 4th. They issued an “outperform” rating for the company. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $241.78.

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.