MarketAxess Holdings (MKTX) : Ramsey Quantitative Systems reduced its stake in MarketAxess Holdings by 47.87% during the most recent quarter end. The investment management company now holds a total of 6,936 shares of MarketAxess Holdings which is valued at $1,125,158 after selling 6,368 shares in MarketAxess Holdings , the firm said in a disclosure report filed with the SEC on Aug 11, 2016.MarketAxess Holdings makes up approximately 1.18% of Ramsey Quantitative Systems’s portfolio.
Other Hedge Funds, Including , Blackrock Institutional Trust Company N.a. boosted its stake in MKTX in the latest quarter, The investment management firm added 20,023 additional shares and now holds a total of 1,109,950 shares of MarketAxess Holdings which is valued at $180,056,089. MarketAxess Holdings makes up approx 0.03% of Blackrock Institutional Trust Company N.a.’s portfolio. Sheaff Brock Investment Advisors sold out all of its stake in MKTX during the most recent quarter. The investment firm sold 3,493 shares of MKTX which is valued $568,765.Sg Americas Securities reduced its stake in MKTX by selling 4,053 shares or 40.42% in the most recent quarter. The Hedge Fund company now holds 5,974 shares of MKTX which is valued at $966,235. MarketAxess Holdings makes up approx 0.01% of Sg Americas Securities’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 closed down -0.43 points or -0.26% at $164.83 with 2,14,323 shares getting traded on Tuesday. Post opening the session at $165.96, the shares hit an intraday low of $164.27 and an intraday high of $166.05 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.
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 Companys 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 Companys 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.