MarketAxess Holdings Inc. (NASDAQ:MKTX) – Stock analysts at William Blair reduced their FY2017 earnings per share estimates for shares of MarketAxess Holdings in a research report issued on Sunday. William Blair analyst C. Shutler now forecasts that the firm will earn $3.84 per share for the year, down from their prior estimate of $3.90. William Blair currently has a “Market Perform” rating on the stock.

MarketAxess Holdings (NASDAQ:MKTX) last issued its quarterly earnings results on Thursday, July 28th. The company reported $0.88 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.85 by $0.03. MarketAxess Holdings had a return on equity of 27.14% and a net margin of 32.52%. The firm earned $96.60 million during the quarter, compared to analysts’ expectations of $93.98 million. During the same period in the previous year, the business earned $0.64 earnings per share. The firm’s revenue for the quarter was up 27.9% on a year-over-year basis.

A number of other research firms also recently issued reports on MKTX. Zacks Investment Research downgraded MarketAxess Holdings from a “buy” rating to a “hold” rating in a research note on Wednesday, September 14th. Citigroup Inc. downgraded MarketAxess Holdings to a “market perform” rating in a research note on Friday, July 15th. They noted that the move was a valuation call. Credit Suisse Group AG restated a “sell” rating and set a $106.00 price target on shares of MarketAxess Holdings in a research note on Friday, July 29th. Raymond James Financial Inc. downgraded MarketAxess Holdings from an “outperform” rating to a “market perform” rating in a research note on Friday, July 15th. Finally, Keefe, Bruyette & Woods raised their price target on MarketAxess Holdings from $165.00 to $175.00 and gave the stock an “outperform” rating in a research note on Friday, July 29th. Three equities research analysts have rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company. MarketAxess Holdings presently has a consensus rating of “Hold” and an average price target of $140.75.

Shares of MarketAxess Holdings (NASDAQ:MKTX) traded down 0.48% during mid-day trading on Wednesday, hitting $154.22. The company had a trading volume of 291,291 shares. MarketAxess Holdings has a 12 month low of $86.19 and a 12 month high of $178.21. The firm has a 50-day moving average price of $167.17 and a 200 day moving average price of $147.72. The firm has a market capitalization of $5.80 billion, a P/E ratio of 53.18 and a beta of 0.65.

In other news, CEO Richard M. Mcvey sold 30,000 shares of the firm’s stock in a transaction that occurred on Monday, August 8th. The stock was sold at an average price of $162.33, for a total value of $4,869,900.00. Following the completion of the sale, the chief executive officer now directly owns 1,091,457 shares of the company’s stock, valued at approximately $177,176,214.81. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Antonio L. Delise sold 10,000 shares of the firm’s stock in a transaction that occurred on Friday, August 19th. The shares were sold at an average price of $166.79, for a total value of $1,667,900.00. Following the completion of the sale, the chief financial officer now directly owns 59,494 shares of the company’s stock, valued at $9,923,004.26. The disclosure for this sale can be found here. 4.51% of the stock is owned by insiders.

Several hedge funds have recently bought and sold shares of MKTX. Baillie Gifford & Co. boosted its stake in MarketAxess Holdings by 68.9% in the second quarter. Baillie Gifford & Co. now owns 2,753,102 shares of the company’s stock valued at $400,302,000 after buying an additional 1,123,477 shares in the last quarter. Wellington Management Group LLP boosted its stake in MarketAxess Holdings by 48.0% in the first quarter. Wellington Management Group LLP now owns 2,073,652 shares of the company’s stock valued at $258,853,000 after buying an additional 672,157 shares in the last quarter. Fiera Capital Corp acquired a new stake in MarketAxess Holdings during the second quarter valued at approximately $45,736,000. Columbia Wanger Asset Management LLC boosted its stake in MarketAxess Holdings by 177.2% in the second quarter. Columbia Wanger Asset Management LLC now owns 484,697 shares of the company’s stock valued at $70,475,000 after buying an additional 309,860 shares in the last quarter. Finally, Scout Investments Inc. acquired a new stake in MarketAxess Holdings during the second quarter valued at approximately $19,502,000. 92.37% of the stock is owned by institutional investors and hedge funds.

About MarketAxess Holdings

MarketAxess Holdings Inc (MarketAxess) is an electronic trading platform. The Company operates as an electronic multi-party platform for the trading of fixed-income securities and provides related data, analytics, compliance tools and post-trade services. The Company’s multi-dealer trading platform allows its institutional investor clients to request bids or offers from its broker-dealer clients and execute trades with the broker-dealer of their choice from among those that choose to respond.

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