MarketAxess Holdings Inc. (NASDAQ:MKTX) – Equities research analysts at William Blair reduced their FY2017 earnings per share (EPS) estimates for shares of MarketAxess in a report issued on Wednesday. William Blair analyst C. Shutler now forecasts that the financial services provider will post earnings per share of $3.91 for the year, down from their prior forecast of $4.00. William Blair also issued estimates for MarketAxess’ Q4 2017 earnings at $0.90 EPS and Q2 2019 earnings at $1.42 EPS.

MarketAxess (NASDAQ:MKTX) last released its quarterly earnings data on Wednesday, October 25th. The financial services provider reported $0.90 earnings per share for the quarter, hitting the consensus estimate of $0.90. MarketAxess had a return on equity of 30.12% and a net margin of 37.67%. The business had revenue of $96.70 million during the quarter, compared to analysts’ expectations of $96.35 million. During the same quarter last year, the business posted $0.82 EPS. The business’s revenue was up 7.1% on a year-over-year basis.

Other equities research analysts have also recently issued research reports about the company. Keefe, Bruyette & Woods reiterated a “buy” rating and issued a $215.00 price objective on shares of MarketAxess in a report on Friday, December 22nd. Zacks Investment Research upgraded MarketAxess from a “sell” rating to a “hold” rating in a research note on Tuesday, December 26th. Rosenblatt Securities began coverage on MarketAxess in a research note on Thursday, December 14th. They issued a “neutral” rating and a $190.00 target price for the company. Finally, Goldman Sachs Group cut MarketAxess from a “buy” rating to a “neutral” rating and set a $210.00 target price for the company. in a research note on Monday, January 8th. Five research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $202.86.

Shares of MarketAxess (MKTX) opened at $208.39 on Thursday. MarketAxess has a fifty-two week low of $154.03 and a fifty-two week high of $211.06. The firm has a market capitalization of $7,840.00, a P/E ratio of 53.57 and a beta of 0.70.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Teachers Advisors LLC raised its stake in MarketAxess by 1.4% during the second quarter. Teachers Advisors LLC now owns 38,224 shares of the financial services provider’s stock valued at $7,687,000 after buying an additional 538 shares during the last quarter. TIAA CREF Investment Management LLC raised its stake in MarketAxess by 28.8% during the second quarter. TIAA CREF Investment Management LLC now owns 188,998 shares of the financial services provider’s stock valued at $38,007,000 after buying an additional 42,275 shares during the last quarter. BlackRock Inc. raised its stake in MarketAxess by 2.1% during the second quarter. BlackRock Inc. now owns 3,063,588 shares of the financial services provider’s stock valued at $616,087,000 after buying an additional 62,914 shares during the last quarter. Amalgamated Bank raised its stake in MarketAxess by 26.1% during the second quarter. Amalgamated Bank now owns 7,449 shares of the financial services provider’s stock valued at $1,498,000 after buying an additional 1,540 shares during the last quarter. Finally, Stevens Capital Management LP raised its stake in MarketAxess by 36.0% during the second quarter. Stevens Capital Management LP now owns 13,425 shares of the financial services provider’s stock valued at $2,700,000 after buying an additional 3,557 shares during the last quarter. Institutional investors own 91.65% of the company’s stock.

In other news, insider Kevin M. Mcpherson sold 5,000 shares of the firm’s stock in a transaction that occurred on Thursday, November 16th. The stock was sold at an average price of $176.61, for a total value of $883,050.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Stephen P. Casper sold 2,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 29th. The shares were sold at an average price of $195.84, for a total value of $391,680.00. The disclosure for this sale can be found here. In the last 90 days, insiders sold 50,225 shares of company stock valued at $8,955,630. 4.02% of the stock is currently owned by company insiders.

MarketAxess declared that its Board of Directors has initiated a share buyback plan on Wednesday, October 25th that authorizes the company to buyback $100.00 million in shares. This buyback authorization authorizes the financial services provider to reacquire shares of its stock through open market purchases. Stock buyback plans are usually a sign that the company’s management believes its shares are undervalued.

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MarketAxess Company Profile

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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