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

MarketAxess Holdings (MKTX) : Next Century Growth Investors reduced its stake in MarketAxess Holdings by 11.78% during the most recent quarter end. The investment management company now holds a total of 513,339 shares of MarketAxess Holdings which is valued at $67 Million after selling 68,568 shares in MarketAxess Holdings , the firm said in a disclosure report filed with the SEC on May 13, 2016.MarketAxess Holdings makes up approximately 3.26% of Next Century Growth Investors’s portfolio.

Other Hedge Funds, Including , Pacer Advisors added MKTX to its portfolio by purchasing 636 company shares during the most recent quarter which is valued at $83,062. MarketAxess Holdings makes up approx 0.02% of Pacer Advisors’s portfolio.Alphamark Advisors reduced its stake in MKTX by selling 3,024 shares or 24.12% in the most recent quarter. The Hedge Fund company now holds 9,512 shares of MKTX which is valued at $1.2 Million. MarketAxess Holdings makes up approx 0.65% of Alphamark Advisors’s portfolio.Baillie Gifford Co reduced its stake in MKTX by selling 17,710 shares or 1.08% in the most recent quarter. The Hedge Fund company now holds 1,629,625 shares of MKTX which is valued at $204.5 Million. MarketAxess Holdings makes up approx 0.37% of Baillie Gifford Co’s portfolio.Kornitzer Capital Management Inc Ks reduced its stake in MKTX by selling 31,130 shares or 7.3% in the most recent quarter. The Hedge Fund company now holds 395,501 shares of MKTX which is valued at $49.6 Million. MarketAxess Holdings makes up approx 0.89% of Kornitzer Capital Management Inc Ks’s portfolio.

MarketAxess Holdings opened for trading at $139.24 and hit $140.24 on the upside on Wednesday, eventually ending the session at $140, with a gain of 1.10% or 1.53 points. The heightened volatility saw the trading volume jump to 3,57,624 shares. Company has a market cap of $5,259 M.

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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