Equities analysts predict that MarketAxess Holdings Inc. (NASDAQ:MKTX) will report earnings of $0.90 per share for the current fiscal quarter, according to Zacks. Two analysts have issued estimates for MarketAxess’ earnings. MarketAxess posted earnings per share of $0.88 during the same quarter last year, which indicates a positive year over year growth rate of 2.3%. The firm is scheduled to announce its next earnings results before the market opens on Wednesday, January 31st.

On average, analysts expect that MarketAxess will report full-year earnings of $3.91 per share for the current fiscal year. For the next fiscal year, analysts anticipate that the firm will report earnings of $5.19 per share. Zacks’ earnings per share averages are a mean average based on a survey of sell-side research analysts that cover MarketAxess.

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

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

In related news, CEO Richard M. Mcvey sold 35,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 8th. The shares were sold at an average price of $178.29, for a total value of $6,240,150.00. Following the completion of the sale, the chief executive officer now directly owns 1,113,076 shares in the company, valued at $198,450,320.04. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Nicholas Themelis sold 4,000 shares of the business’s stock in a transaction that occurred on Thursday, November 2nd. The shares were sold at an average price of $176.40, for a total transaction of $705,600.00. The disclosure for this sale can be found here. In the last three months, insiders sold 50,225 shares of company stock valued at $8,955,630. Company insiders own 4.02% of the company’s stock.

A number of institutional investors have recently added to or reduced their stakes in MKTX. Janus Henderson Group PLC grew its holdings in MarketAxess by 178.5% in the second quarter. Janus Henderson Group PLC now owns 807,088 shares of the financial services provider’s stock valued at $162,306,000 after purchasing an additional 517,309 shares during the period. Atlantic Trust Group LLC purchased a new stake in MarketAxess in the third quarter valued at approximately $75,376,000. Allianz Asset Management GmbH grew its holdings in MarketAxess by 503.9% in the third quarter. Allianz Asset Management GmbH now owns 192,657 shares of the financial services provider’s stock valued at $35,547,000 after purchasing an additional 160,755 shares during the period. FMR LLC grew its holdings in MarketAxess by 36.7% in the second quarter. FMR LLC now owns 491,713 shares of the financial services provider’s stock valued at $98,883,000 after purchasing an additional 131,911 shares during the period. Finally, Wells Fargo & Company MN grew its holdings in MarketAxess by 10.3% in 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 purchasing an additional 115,038 shares during the period. Hedge funds and other institutional investors own 91.65% of the company’s stock.

Shares of MarketAxess (NASDAQ:MKTX) traded up $0.53 on Friday, reaching $208.39. 182,553 shares of the company’s stock were exchanged, compared to its average volume of 239,092. The firm has a market capitalization of $7,820.00, a PE ratio of 53.57 and a beta of 0.70. MarketAxess has a one year low of $154.03 and a one year high of $211.06.

MarketAxess declared that its board has authorized a share repurchase plan on Wednesday, October 25th that permits the company to repurchase $100.00 million in shares. This repurchase authorization permits the financial services provider to reacquire shares of its stock through open market purchases. Shares repurchase plans are usually an indication that the company’s board of directors believes its stock is 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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