Brokerages expect MarketAxess Holdings Inc. (NASDAQ:MKTX) to post sales of $98.70 million for the current quarter, Zacks reports. Two analysts have made estimates for MarketAxess’ earnings. MarketAxess reported sales of $94.44 million in the same quarter last year, which indicates a positive year-over-year growth rate of 4.5%. The business is expected to announce its next quarterly earnings results before the market opens on Wednesday, January 31st.

According to Zacks, analysts expect that MarketAxess will report full year sales of $98.70 million for the current financial year. For the next year, analysts anticipate that the firm will post sales of $453.00 million per share, with estimates ranging from $451.50 million to $454.50 million. Zacks’ sales averages are a mean average based on a survey of research firms that follow MarketAxess.

Several analysts recently issued reports on MKTX shares. Zacks Investment Research raised MarketAxess from a “hold” rating to a “strong-buy” rating and set a $238.00 price target on the stock in a report on Monday, January 8th. Goldman Sachs Group downgraded MarketAxess from a “buy” rating to a “neutral” rating and set a $210.00 price target on the stock. in a report on Monday, January 8th. BidaskClub downgraded MarketAxess from a “buy” rating to a “hold” rating in a report on Thursday. Rosenblatt Securities initiated coverage on MarketAxess in a research report on Thursday, December 14th. They issued a “neutral” rating and a $190.00 target price on the stock. Finally, Keefe, Bruyette & Woods restated a “buy” rating and issued a $215.00 target price on shares of MarketAxess in a research report on Friday, December 22nd. Seven investment analysts have rated the stock with a hold rating and one has given a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $208.33.

In related news, Director Stephen P. Casper sold 2,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 29th. The stock was sold at an average price of $195.84, for a total value of $391,680.00. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director John Steinhardt sold 4,225 shares of the firm’s stock in a transaction that occurred on Tuesday, November 14th. The shares were sold at an average price of $174.00, for a total value of $735,150.00. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 50,225 shares of company stock worth $8,955,630. 4.02% of the stock is owned by insiders.

Institutional investors and hedge funds have recently bought and sold shares of the stock. Teachers Advisors LLC increased its position in shares of MarketAxess by 1.4% during the 2nd quarter. Teachers Advisors LLC now owns 38,224 shares of the financial services provider’s stock valued at $7,687,000 after purchasing an additional 538 shares during the period. BlackRock Inc. increased its position in shares of MarketAxess by 2.1% during the 2nd quarter. BlackRock Inc. now owns 3,063,588 shares of the financial services provider’s stock valued at $616,087,000 after purchasing an additional 62,914 shares during the period. Thrivent Financial For Lutherans increased its position in shares of MarketAxess by 1.5% during the 2nd quarter. Thrivent Financial For Lutherans now owns 36,660 shares of the financial services provider’s stock valued at $7,372,000 after purchasing an additional 530 shares during the period. UBS Asset Management Americas Inc. increased its position in shares of MarketAxess by 21.0% during the 2nd quarter. UBS Asset Management Americas Inc. now owns 25,661 shares of the financial services provider’s stock valued at $5,160,000 after purchasing an additional 4,445 shares during the period. Finally, Citigroup Inc. increased its position in shares of MarketAxess by 24.5% during the 2nd quarter. Citigroup Inc. now owns 14,590 shares of the financial services provider’s stock valued at $2,933,000 after purchasing an additional 2,867 shares during the period. Hedge funds and other institutional investors own 91.74% of the company’s stock.

Shares of MarketAxess (NASDAQ:MKTX) traded down $0.09 during midday trading on Friday, hitting $193.49. The company had a trading volume of 289,405 shares, compared to its average volume of 247,246. The company has a market cap of $7,266.40, a P/E ratio of 49.74 and a beta of 0.70. MarketAxess has a 1-year low of $171.45 and a 1-year high of $211.06.

MarketAxess announced that its board has approved a stock repurchase plan on Wednesday, October 25th that allows the company to repurchase $100.00 million in outstanding shares. This repurchase authorization allows the financial services provider to repurchase shares of its stock through open market purchases. Stock repurchase plans are often an indication that the company’s board of directors believes its shares are undervalued.

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About MarketAxess

MarketAxess Holdings Inc operates an electronic trading platform that enables fixed-income market participants to trade corporate bonds and other types of fixed-income instruments using its trading technology. Institutional investor and broker-dealer firms are users of trading platform, accessing global liquidity in the United States corporate bonds, emerging markets and high-yield bonds, European bonds, the United States agency bonds, municipal bonds, credit default swaps and other fixed-income securities.

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