Next Century Growth Investors Lowers stake in MarketAxess Holdings (MKTX)

MarketAxess Holdings (MKTX) : Next Century Growth Investors reduced its stake in MarketAxess Holdings by 16.94% during the most recent quarter end. The investment management company now holds a total of 426,376 shares of MarketAxess Holdings which is valued at $69,166,715 after selling 86,963 shares in MarketAxess Holdings , the firm said in a disclosure report filed with the SEC on Aug 12, 2016.MarketAxess Holdings makes up approximately 3.08% of Next Century Growth Investors’s portfolio.

Other Hedge Funds, Including , Profund Advisors reduced its stake in MKTX by selling 828 shares or 16.75% in the most recent quarter. The Hedge Fund company now holds 4,114 shares of MKTX which is valued at $667,373. MarketAxess Holdings makes up approx 0.03% of Profund Advisors’s portfolio.California State Teachers Retirement System reduced its stake in MKTX by selling 1,787 shares or 2.25% in the most recent quarter. The Hedge Fund company now holds 77,519 shares of MKTX which is valued at $12,537,923. MarketAxess Holdings makes up approx 0.03% of California State Teachers Retirement System’s portfolio. Boston Advisors sold out all of its stake in MKTX during the most recent quarter. The investment firm sold 2,090 shares of MKTX which is valued $321,442. Parametrica Management Ltd added MKTX to its portfolio by purchasing 1,984 company shares during the most recent quarter which is valued at $303,036. MarketAxess Holdings makes up approx 0.43% of Parametrica Management Ltd’s portfolio.Capital One National Association boosted its stake in MKTX in the latest quarter, The investment management firm added 8,591 additional shares and now holds a total of 15,115 shares of MarketAxess Holdings which is valued at $2,298,236. MarketAxess Holdings makes up approx 0.18% of Capital One National Association’s portfolio.

MarketAxess Holdings opened for trading at $166.94 and hit $168.9704 on the upside on Monday, eventually ending the session at $167.81, with a gain of 0.99% or 1.65 points. The heightened volatility saw the trading volume jump to 2,38,973 shares. Company has a market cap of $6,314 M.

On the company’s financial health, MarketAxess Holdings reported $0.88 EPS for the quarter, beating the analyst consensus estimate by $ 0.03 according to the earnings call on Jul 28, 2016. Analyst had a consensus of $0.85. The company had revenue of $96.60 million for the quarter, compared to analysts expectations of $93.73 million. The company’s revenue was up 27.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.64 EPS.

Many Wall Street Analysts have commented on MarketAxess Holdings. MarketAxess Holdings was Downgraded by Raymond James to ” Mkt Perform” on Jul 15, 2016.

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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