Pintoff Scott sold $16K of MKTX

Heartland Advisors' Q3 2026 investor letter notes MarketAxess (MKTX) as a successful long-term hold. The firm cited MKTX's struggles in Q2 due to bond market conditions but highlighted its market share gains and a $167 per share buyout offer from the NYSE owner. MKTX closed at $112.27 on October 12, 2026, with a market cap of $5.79B.

Morgan Stanley analyst Michael Cyprys raised the price target for MarketAxess (MKTX) to $167 from $129, maintaining an Equal Weight rating. The update is part of an earnings preview for the brokers, exchanges, and capital markets infrastructure group.

S&P Global (SPGI) reported Q2 revenue of $3.68B, up 10.9% YoY, missing estimates. Nasdaq (NDAQ) reported $1.5B revenue, up 14.9% YoY, beating estimates. FactSet (FDS) reported $634.7M revenue, up 6.3% YoY, mixed results. SPGI stock is down 11.6%, NDAQ flat, FDS up 7.3% since earnings.

Intercontinental Exchange (ICE) and MarketAxess Holdings refiled their HSR notifications, extending the waiting period to Oct. 29. The merger, expected to close in early 2027, requires MarketAxess stockholder approval on Oct. 29.

MarketAxess and ICE refiled HSR notifications, setting a new waiting period expiration to Oct. 29, 2026. The merger, pending HSR expiration, stockholder approval, and other conditions, is expected to close in the first half of 2027. A special stockholder meeting is scheduled for Oct. 29, 2026.

MARKETAXESS HOLDINGS INC (MKTX) filed an SEC Form 8-K — Other Events. Item 8.01. Other Events. As previously disclosed in the definitive proxy statement filed on September 18, 2026, both MarketAxess Holdings Inc. (“MarketAxess”) and Intercontinental Exchange, Inc. (“ICE”) filed notification and report forms with the Department of Justice (“DOJ”) an