Junto Capital Management Lp Lowers stake in MarketAxess Holdings (MKTX)

MarketAxess Holdings (MKTX) : Junto Capital Management Lp reduced its stake in MarketAxess Holdings by 52.71% during the most recent quarter end. The investment management company now holds a total of 98,222 shares of MarketAxess Holdings which is valued at $16,266,545 after selling 109,485 shares in MarketAxess Holdings , the firm said in a disclosure report filed with the SEC on Nov 14, 2016.MarketAxess Holdings makes up approximately 2.14% of Junto Capital Management Lp’s portfolio.

Other Hedge Funds, Including , Columbia Partners L L C Investment Management reduced its stake in MKTX by selling 13,411 shares or 91.22% in the most recent quarter. The Hedge Fund company now holds 1,291 shares of MKTX which is valued at $213,803. MarketAxess Holdings makes up approx 0.02% of Columbia Partners L L C Investment Management’s portfolio.Kayne Anderson Rudnick Investment Management reduced its stake in MKTX by selling 308,039 shares or 31.07% in the most recent quarter. The Hedge Fund company now holds 683,542 shares of MKTX which is valued at $110,221,148. MarketAxess Holdings makes up approx 1.40% of Kayne Anderson Rudnick Investment Management’s portfolio.Advisor Group reduced its stake in MKTX by selling 16 shares or 0.95% in the most recent quarter. The Hedge Fund company now holds 1,667 shares of MKTX which is valued at $268,804. MarketAxess Holdings makes up approx 0.01% of Advisor Group’s portfolio.Blackrock Fund Advisors boosted its stake in MKTX in the latest quarter, The investment management firm added 60,825 additional shares and now holds a total of 1,426,370 shares of MarketAxess Holdings which is valued at $218,405,774. MarketAxess Holdings makes up approx 0.05% of Blackrock Fund Advisors’s portfolio.Victory Capital Management Inc boosted its stake in MKTX in the latest quarter, The investment management firm added 151,700 additional shares and now holds a total of 156,432 shares of MarketAxess Holdings which is valued at $23,120,650. MarketAxess Holdings makes up approx 0.07% of Victory Capital Management Inc’s portfolio.

MarketAxess Holdings closed down -1.56 points or -0.91% at $169.46 with 2,10,718 shares getting traded on Monday. Post opening the session at $170.8, the shares hit an intraday low of $168.53 and an intraday high of $172.19 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

On the company’s financial health, MarketAxess Holdings reported $0.82 EPS for the quarter, beating the analyst consensus estimate by $ 0.04 according to the earnings call on Oct 26, 2016. Analyst had a consensus of $0.78. The company had revenue of $90.27 million for the quarter, compared to analysts expectations of $90.46 million. The company’s revenue was up 21.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.60 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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