Polen Capital Management LLC Takes $1.31 Million Position in MarketAxess Holdings Inc. (NASDAQ:MKTX)

Polen Capital Management LLC bought a new stake in MarketAxess Holdings Inc. (NASDAQ:MKTXFree Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 4,461 shares of the financial services provider’s stock, valued at approximately $1,306,000.

A number of other institutional investors have also modified their holdings of MKTX. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its stake in shares of MarketAxess by 15.3% in the 3rd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 7,576 shares of the financial services provider’s stock valued at $1,619,000 after purchasing an additional 1,006 shares during the last quarter. Deutsche Bank AG increased its stake in MarketAxess by 0.6% in the 3rd quarter. Deutsche Bank AG now owns 128,746 shares of the financial services provider’s stock valued at $27,505,000 after buying an additional 709 shares during the period. Rhumbline Advisers raised its position in MarketAxess by 3.4% during the 3rd quarter. Rhumbline Advisers now owns 91,847 shares of the financial services provider’s stock worth $19,622,000 after buying an additional 3,024 shares during the last quarter. DekaBank Deutsche Girozentrale lifted its stake in shares of MarketAxess by 1.1% in the 3rd quarter. DekaBank Deutsche Girozentrale now owns 5,735 shares of the financial services provider’s stock worth $1,196,000 after acquiring an additional 62 shares during the period. Finally, Rafferty Asset Management LLC boosted its holdings in shares of MarketAxess by 4.6% in the third quarter. Rafferty Asset Management LLC now owns 12,635 shares of the financial services provider’s stock valued at $2,699,000 after acquiring an additional 556 shares in the last quarter. 99.01% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other MarketAxess news, Director Stephen P. Casper sold 500 shares of the firm’s stock in a transaction dated Friday, June 7th. The shares were sold at an average price of $199.48, for a total transaction of $99,740.00. Following the sale, the director now directly owns 10,201 shares of the company’s stock, valued at approximately $2,034,895.48. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 2.66% of the stock is currently owned by company insiders.

MarketAxess Price Performance

MKTX traded up $0.91 during midday trading on Friday, reaching $200.22. 291,671 shares of the company’s stock were exchanged, compared to its average volume of 431,464. The business’s 50-day moving average price is $206.73 and its 200 day moving average price is $231.31. The stock has a market capitalization of $7.59 billion, a PE ratio of 29.40, a P/E/G ratio of 5.04 and a beta of 1.04. MarketAxess Holdings Inc. has a 1-year low of $192.54 and a 1-year high of $297.97.

MarketAxess (NASDAQ:MKTXGet Free Report) last issued its quarterly earnings data on Tuesday, May 7th. The financial services provider reported $1.92 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.85 by $0.07. The firm had revenue of $210.30 million during the quarter, compared to the consensus estimate of $212.99 million. MarketAxess had a return on equity of 20.82% and a net margin of 33.83%. The company’s quarterly revenue was up 3.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.96 EPS. As a group, analysts expect that MarketAxess Holdings Inc. will post 7.17 EPS for the current fiscal year.

MarketAxess Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 5th. Investors of record on Wednesday, May 22nd were paid a dividend of $0.74 per share. This represents a $2.96 dividend on an annualized basis and a dividend yield of 1.48%. The ex-dividend date of this dividend was Tuesday, May 21st. MarketAxess’s payout ratio is currently 43.47%.

Analyst Ratings Changes

MKTX has been the subject of several analyst reports. Piper Sandler cut their price target on shares of MarketAxess from $250.00 to $237.00 and set a “neutral” rating for the company in a report on Friday, April 12th. UBS Group reduced their price target on MarketAxess from $305.00 to $285.00 and set a “buy” rating for the company in a report on Wednesday, May 8th. Keefe, Bruyette & Woods dropped their price objective on MarketAxess from $235.00 to $230.00 and set a “market perform” rating on the stock in a report on Wednesday, May 8th. Bank of America assumed coverage on MarketAxess in a report on Wednesday, April 10th. They issued an “underperform” rating and a $199.00 target price for the company. Finally, Morgan Stanley boosted their target price on shares of MarketAxess from $278.00 to $279.00 and gave the stock an “equal weight” rating in a research report on Tuesday, April 9th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, MarketAxess presently has an average rating of “Hold” and a consensus price target of $249.73.

Check Out Our Latest Research Report on MarketAxess

MarketAxess Profile

(Free Report)

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.

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Institutional Ownership by Quarter for MarketAxess (NASDAQ:MKTX)

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