Yousif Capital Management LLC Has $2.04 Million Stake in MarketAxess Holdings Inc. $MKTX

Yousif Capital Management LLC lifted its stake in MarketAxess Holdings Inc. (NASDAQ:MKTX) by 158.9% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 11,707 shares of the financial services provider’s stock after buying an additional 7,185 shares during the period. Yousif Capital Management LLC’s holdings in MarketAxess were worth $2,040,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Comerica Bank raised its holdings in MarketAxess by 0.9% in the 1st quarter. Comerica Bank now owns 5,181 shares of the financial services provider’s stock valued at $1,121,000 after acquiring an additional 48 shares in the last quarter. DekaBank Deutsche Girozentrale increased its position in shares of MarketAxess by 1.0% in the second quarter. DekaBank Deutsche Girozentrale now owns 5,080 shares of the financial services provider’s stock worth $1,105,000 after purchasing an additional 51 shares during the period. Exchange Traded Concepts LLC raised its stake in MarketAxess by 1.6% in the second quarter. Exchange Traded Concepts LLC now owns 4,157 shares of the financial services provider’s stock valued at $928,000 after purchasing an additional 64 shares in the last quarter. Claret Asset Management Corp lifted its position in MarketAxess by 6.6% during the second quarter. Claret Asset Management Corp now owns 1,059 shares of the financial services provider’s stock worth $236,000 after purchasing an additional 66 shares during the period. Finally, Benedict Financial Advisors Inc. lifted its position in MarketAxess by 4.3% during the second quarter. Benedict Financial Advisors Inc. now owns 1,602 shares of the financial services provider’s stock worth $358,000 after purchasing an additional 66 shares during the period. Institutional investors and hedge funds own 99.01% of the company’s stock.

Analyst Ratings Changes

MKTX has been the subject of a number of recent analyst reports. Loop Capital set a $164.00 price target on shares of MarketAxess in a report on Tuesday, October 14th. Weiss Ratings restated a “sell (d+)” rating on shares of MarketAxess in a research note on Monday, December 22nd. Keefe, Bruyette & Woods raised their target price on MarketAxess from $194.00 to $198.00 and gave the company a “market perform” rating in a report on Monday, November 10th. Barclays lifted their price target on MarketAxess from $186.00 to $188.00 and gave the company an “equal weight” rating in a research note on Monday, November 10th. Finally, Piper Sandler set a $180.00 price target on MarketAxess in a report on Tuesday, October 14th. Four analysts have rated the stock with a Buy rating, seven have issued a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, MarketAxess presently has a consensus rating of “Hold” and an average price target of $204.82.

MarketAxess Stock Performance

NASDAQ MKTX opened at $182.86 on Monday. The firm’s fifty day moving average price is $169.89 and its two-hundred day moving average price is $186.93. The stock has a market cap of $6.80 billion, a PE ratio of 31.10, a PEG ratio of 6.62 and a beta of 1.00. MarketAxess Holdings Inc. has a fifty-two week low of $156.17 and a fifty-two week high of $232.84.

MarketAxess (NASDAQ:MKTX) last announced its quarterly earnings results on Friday, November 7th. The financial services provider reported $1.84 EPS for the quarter, beating analysts’ consensus estimates of $1.69 by $0.15. The company had revenue of $208.82 million during the quarter, compared to analysts’ expectations of $212.59 million. MarketAxess had a return on equity of 20.20% and a net margin of 26.16%.MarketAxess’s revenue was up 1.0% compared to the same quarter last year. During the same period in the prior year, the company earned $1.90 EPS. As a group, sell-side analysts predict that MarketAxess Holdings Inc. will post 7.79 earnings per share for the current fiscal year.

MarketAxess Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, December 3rd. Stockholders of record on Wednesday, November 19th were paid a dividend of $0.76 per share. This represents a $3.04 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date of this dividend was Wednesday, November 19th. MarketAxess’s dividend payout ratio (DPR) is presently 51.70%.

About MarketAxess

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.