Heartland Bank & Trust Co Sells 81 Shares of MarketAxess Holdings Inc. (NASDAQ:MKTX)

Heartland Bank & Trust Co reduced its stake in MarketAxess Holdings Inc. (NASDAQ:MKTX) by 3.6% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,171 shares of the financial services provider’s stock after selling 81 shares during the quarter. Heartland Bank & Trust Co’s holdings in MarketAxess were worth $556,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in the stock. Vanguard Group Inc. boosted its position in shares of MarketAxess by 0.3% in the 1st quarter. Vanguard Group Inc. now owns 4,539,440 shares of the financial services provider’s stock worth $995,272,000 after purchasing an additional 13,018 shares in the last quarter. GUARDCAP ASSET MANAGEMENT Ltd boosted its position in shares of MarketAxess by 30.3% in the 1st quarter. GUARDCAP ASSET MANAGEMENT Ltd now owns 2,425,897 shares of the financial services provider’s stock worth $531,878,000 after purchasing an additional 564,820 shares in the last quarter. Van ECK Associates Corp boosted its position in shares of MarketAxess by 10.3% in the 2nd quarter. Van ECK Associates Corp now owns 1,828,055 shares of the financial services provider’s stock worth $366,580,000 after purchasing an additional 170,095 shares in the last quarter. Primecap Management Co. CA boosted its position in shares of MarketAxess by 18.2% in the 2nd quarter. Primecap Management Co. CA now owns 1,330,880 shares of the financial services provider’s stock worth $266,881,000 after purchasing an additional 204,960 shares in the last quarter. Finally, Marshall Wace LLP boosted its position in shares of MarketAxess by 53.5% in the 2nd quarter. Marshall Wace LLP now owns 820,060 shares of the financial services provider’s stock worth $164,447,000 after purchasing an additional 285,665 shares in the last quarter. 99.01% of the stock is owned by institutional investors.

Insider Transactions at MarketAxess

In related news, insider Christophe Pierre Danie Roupie sold 617 shares of the company’s stock in a transaction on Thursday, August 8th. The shares were sold at an average price of $231.63, for a total value of $142,915.71. Following the completion of the transaction, the insider now owns 7,409 shares of the company’s stock, valued at approximately $1,716,146.67. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. 2.66% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on MKTX shares. Barclays upped their price objective on MarketAxess from $237.00 to $268.00 and gave the company an “equal weight” rating in a research report on Monday, October 7th. StockNews.com raised MarketAxess from a “sell” rating to a “hold” rating in a research report on Wednesday, August 7th. The Goldman Sachs Group upped their price objective on MarketAxess from $204.00 to $233.00 and gave the company a “neutral” rating in a research report on Monday, September 30th. Citigroup upped their price objective on MarketAxess from $310.00 to $325.00 and gave the company a “buy” rating in a research report on Friday, October 4th. Finally, Piper Sandler upped their price objective on MarketAxess from $235.00 to $265.00 and gave the company a “neutral” rating in a research report on Tuesday, October 8th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $253.30.

MarketAxess Trading Down 0.5 %

NASDAQ:MKTX opened at $288.89 on Thursday. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.91 and a quick ratio of 2.91. The firm has a market capitalization of $10.95 billion, a price-to-earnings ratio of 42.42, a price-to-earnings-growth ratio of 7.24 and a beta of 1.08. MarketAxess Holdings Inc. has a one year low of $192.42 and a one year high of $297.97. The business has a fifty day moving average price of $258.85 and a 200-day moving average price of $227.27.

MarketAxess (NASDAQ:MKTX) last posted its quarterly earnings data on Tuesday, August 6th. The financial services provider reported $1.72 EPS for the quarter, topping the consensus estimate of $1.68 by $0.04. The firm had revenue of $197.70 million during the quarter, compared to analyst estimates of $198.07 million. MarketAxess had a return on equity of 20.43% and a net margin of 33.71%. MarketAxess’s revenue was up 9.9% on a year-over-year basis. During the same period in the prior year, the business posted $1.63 EPS. Sell-side analysts forecast that MarketAxess Holdings Inc. will post 7.16 EPS for the current year.

MarketAxess declared that its board has approved a stock repurchase plan on Tuesday, August 6th that authorizes the company to buyback $250.00 million in shares. This buyback authorization authorizes the financial services provider to reacquire up to 2.8% of its shares through open market purchases. Shares buyback plans are generally a sign that the company’s leadership believes its shares are undervalued.

MarketAxess Profile

MarketAxess Holdings Inc, together with its subsidiaries, operates an electronic trading platform for institutional investor and broker-dealer companies worldwide. The company offers trading technology that provides liquidity access in U.S. high-grade bonds, U.S. high-yield bonds, emerging market debt, eurobonds, municipal bonds, U.S.