MarketAxess Holdings, Inc. (NASDAQ:MKTX) Director John Steinhardt sold 4,225 shares of the stock in a transaction that occurred on Tuesday, November 14th. The stock was sold at an average price of $174.00, for a total transaction of $735,150.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Shares of MarketAxess Holdings, Inc. (NASDAQ MKTX) traded up $4.15 on Friday, reaching $180.40. 222,504 shares of the company traded hands, compared to its average volume of 205,215. The company has a market capitalization of $6,620.00, a price-to-earnings ratio of 44.72 and a beta of 0.66. MarketAxess Holdings, Inc. has a 52-week low of $145.10 and a 52-week high of $211.06.

MarketAxess Holdings (NASDAQ:MKTX) last issued its quarterly earnings data on Wednesday, October 25th. The financial services provider reported $0.90 earnings per share for the quarter, meeting the consensus estimate of $0.90. The firm had revenue of $96.70 million for the quarter, compared to analyst estimates of $96.35 million. MarketAxess Holdings had a net margin of 37.67% and a return on equity of 30.12%. The company’s revenue for the quarter was up 7.1% on a year-over-year basis. During the same quarter last year, the firm earned $0.82 earnings per share. analysts anticipate that MarketAxess Holdings, Inc. will post 3.91 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 22nd. Investors of record on Wednesday, November 8th will be given a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a yield of 0.73%. The ex-dividend date of this dividend is Tuesday, November 7th. MarketAxess Holdings’s payout ratio is presently 33.93%.

MarketAxess Holdings declared that its Board of Directors has authorized a stock repurchase plan on Wednesday, October 25th that allows the company to buyback $100.00 million in outstanding shares. This buyback authorization allows the financial services provider to buy shares of its stock through open market purchases. Shares buyback plans are typically an indication that the company’s board believes its shares are undervalued.

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A number of institutional investors and hedge funds have recently modified their holdings of the stock. BlackRock Inc. raised its position in MarketAxess Holdings 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 acquiring an additional 62,914 shares in the last quarter. Vanguard Group Inc. raised its position in MarketAxess Holdings by 1.4% during the second quarter. Vanguard Group Inc. now owns 2,894,267 shares of the financial services provider’s stock valued at $582,038,000 after acquiring an additional 38,702 shares in the last quarter. Baillie Gifford & Co. raised its position in MarketAxess Holdings by 5.1% during the second quarter. Baillie Gifford & Co. now owns 2,752,949 shares of the financial services provider’s stock valued at $553,618,000 after acquiring an additional 134,588 shares in the last quarter. Wells Fargo & Company MN raised its position in MarketAxess Holdings by 10.3% during the third quarter. Wells Fargo & Company MN now owns 1,232,534 shares of the financial services provider’s stock valued at $227,415,000 after acquiring an additional 115,038 shares in the last quarter. Finally, Neuberger Berman Group LLC raised its position in MarketAxess Holdings by 0.4% during the third quarter. Neuberger Berman Group LLC now owns 988,574 shares of the financial services provider’s stock valued at $182,402,000 after acquiring an additional 4,191 shares in the last quarter. 90.18% of the stock is currently owned by hedge funds and other institutional investors.

MKTX has been the subject of a number of research analyst reports. BidaskClub raised shares of MarketAxess Holdings from a “hold” rating to a “buy” rating in a research report on Monday, July 31st. Zacks Investment Research raised shares of MarketAxess Holdings from a “sell” rating to a “hold” rating in a research report on Monday, September 11th. Finally, Raymond James Financial, Inc. increased their price target on shares of MarketAxess Holdings from $216.00 to $219.00 and gave the stock an “outperform” rating in a research report on Thursday, July 27th. One research analyst has rated the stock with a sell rating, three have given a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the stock. MarketAxess Holdings currently has a consensus rating of “Buy” and a consensus target price of $192.40.

About MarketAxess Holdings

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.

Insider Buying and Selling by Quarter for MarketAxess Holdings (NASDAQ:MKTX)

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