Forte Capital Adv Lowers stake in MarketAxess Holdings (MKTX)

MarketAxess Holdings (MKTX) : Forte Capital Adv reduced its stake in MarketAxess Holdings by 0.15% during the most recent quarter end. The investment management company now holds a total of 38,825 shares of MarketAxess Holdings which is valued at $5,850,928 after selling 60 shares in MarketAxess Holdings , the firm said in a disclosure report filed with the SEC on Jul 11, 2016.MarketAxess Holdings makes up approximately 2.20% of Forte Capital Adv’s portfolio.

Other Hedge Funds, Including , Mazama Capital Management Inc boosted its stake in MKTX in the latest quarter, The investment management firm added 77 additional shares and now holds a total of 6,405 shares of MarketAxess Holdings which is valued at $971,767. MarketAxess Holdings makes up approx 0.19% of Mazama Capital Management Inc’s portfolio.Next Financial Group Inc reduced its stake in MKTX by selling 45 shares or 45.0% in the most recent quarter. The Hedge Fund company now holds 55 shares of MKTX which is valued at $8,345.Bnp Paribas Arbitrage Sa boosted its stake in MKTX in the latest quarter, The investment management firm added 18,059 additional shares and now holds a total of 18,087 shares of MarketAxess Holdings which is valued at $2,744,160. MarketAxess Holdings makes up approx 0.01% of Bnp Paribas Arbitrage Sa’s portfolio.

MarketAxess Holdings closed down -0.38 points or -0.25% at $150.7 with 3,34,123 shares getting traded on Wednesday. Post opening the session at $151.4, the shares hit an intraday low of $150.15 and an intraday high of $152.23 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

On the company’s financial health, MarketAxess Holdings reported $0.77 EPS for the quarter, missing the analyst consensus estimate by $ -0.02 based on the information available during the earnings call on Apr 27, 2016. Analyst had a consensus of $0.79. The company had revenue of $88.60 million for the quarter, compared to analysts expectations of $88.99 million. The company’s revenue was up 15.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.65 EPS.

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 offers its broker-dealer clients a solution that allows them to reach institutional investor clients for the distribution and trading of bonds. The Company’s trading platform provides access to global liquidity in United States high-grade corporate bonds emerging markets and high-yield bonds European bonds United States agency bonds credit derivatives and other fixed-income securities. The Company’s multi-dealer trading platform allows its institutional investor clients to request bids or offers from multiple broker-dealers and to execute trades with the broker-dealer of their choice. The Company offers various services including Information Services Post-Trade Services and Straight-Through Processing.

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