MarketAxess Holdings Inc. (NASDAQ:MKTX) is Jackson Square Partners LLC’s 9th Largest Position

Jackson Square Partners LLC decreased its stake in MarketAxess Holdings Inc. (NASDAQ:MKTX) by 16.8% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 117,411 shares of the financial services provider’s stock after selling 23,766 shares during the quarter. MarketAxess makes up 2.9% of Jackson Square Partners LLC’s holdings, making the stock its 9th largest position. Jackson Square Partners LLC owned about 0.31% of MarketAxess worth $26,540,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of MKTX. Vanguard Group Inc. lifted its stake in shares of MarketAxess by 2.1% in the 4th quarter. Vanguard Group Inc. now owns 4,434,946 shares of the financial services provider’s stock valued at $1,002,475,000 after purchasing an additional 90,805 shares during the period. Van ECK Associates Corp raised its holdings in MarketAxess by 13.4% in the 4th quarter. Van ECK Associates Corp now owns 2,000,736 shares of the financial services provider’s stock worth $452,246,000 after purchasing an additional 236,497 shares during the period. FMR LLC boosted its position in MarketAxess by 17.5% during the third quarter. FMR LLC now owns 1,959,043 shares of the financial services provider’s stock worth $501,907,000 after purchasing an additional 291,134 shares in the last quarter. Primecap Management Co. CA increased its position in shares of MarketAxess by 2.3% in the fourth quarter. Primecap Management Co. CA now owns 1,369,102 shares of the financial services provider’s stock valued at $309,472,000 after buying an additional 30,180 shares in the last quarter. Finally, Geode Capital Management LLC lifted its position in shares of MarketAxess by 14.9% during the 3rd quarter. Geode Capital Management LLC now owns 1,076,877 shares of the financial services provider’s stock valued at $275,122,000 after buying an additional 139,949 shares in the last quarter. 99.01% of the stock is owned by institutional investors and hedge funds.

MarketAxess Price Performance

MarketAxess stock opened at $211.78 on Tuesday. The stock has a market cap of $7.98 billion, a price-to-earnings ratio of 29.13, a price-to-earnings-growth ratio of 3.89 and a beta of 1.05. The firm has a 50 day simple moving average of $207.82 and a 200-day simple moving average of $240.10. MarketAxess Holdings Inc. has a 1-year low of $186.84 and a 1-year high of $296.68.

MarketAxess (NASDAQ:MKTX) last announced its quarterly earnings results on Thursday, February 6th. The financial services provider reported $1.73 earnings per share 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%. Equities analysts expect that MarketAxess Holdings Inc. will post 7.79 earnings per share for the current fiscal year.

MarketAxess Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 5th. Shareholders of record on Wednesday, February 19th were paid a $0.76 dividend. This is a positive change from MarketAxess’s previous quarterly dividend of $0.74. This represents a $3.04 annualized dividend and a yield of 1.44%. The ex-dividend date was Wednesday, February 19th. MarketAxess’s dividend payout ratio is currently 41.82%.

Analyst Upgrades and Downgrades

Several research firms have issued reports on MKTX. Keefe, Bruyette & Woods decreased their price objective on shares of MarketAxess from $251.00 to $225.00 and set a “market perform” rating on the stock in a report on Friday, February 7th. The Goldman Sachs Group lowered their price objective on MarketAxess from $235.00 to $210.00 and set a “neutral” rating on the stock in a report on Monday, February 10th. Barclays reduced their target price on MarketAxess from $256.00 to $225.00 and set an “equal weight” rating for the company in a report on Friday, February 7th. UBS Group reduced their price objective on MarketAxess from $330.00 to $305.00 and set a “buy” rating for the company in a research note on Friday, February 7th. Finally, Piper Sandler lowered their target price 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. One analyst has rated the stock with a sell rating, seven have issued a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target 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.