Marketaxess Holdings Inc (NASDAQ:MKTX) Q4 2016 Institutional Investor Sentiment Steady

July 18, 2017 - By Vivian Park

 Marketaxess Holdings Inc (NASDAQ:MKTX)  Q4 2016 Institutional Investor Sentiment Steady

Sentiment for Marketaxess Holdings Inc (NASDAQ:MKTX)

Marketaxess Holdings Inc (NASDAQ:MKTX) institutional sentiment decreased to 1.02 in 2016 Q4. Its down -0.12, from 1.14 in 2016Q3. The ratio has worsened, as 147 hedge funds started new and increased equity positions, while 144 sold and decreased their positions in Marketaxess Holdings Inc. The hedge funds in our partner’s database now hold: 32.99 million shares, down from 33.39 million shares in 2016Q3. Also, the number of hedge funds holding Marketaxess Holdings Inc in their top 10 equity positions decreased from 4 to 3 for a decrease of 1. Sold All: 40 Reduced: 104 Increased: 93 New Position: 54.

MarketAxess Holdings Inc. operates an electronic trading platform that enables fixed-income market participants to trade corporate bonds and other types of fixed-income instruments using its trading technology. The company has market cap of $7.01 billion. Institutional investor and broker-dealer firms are users of trading platform, accessing global liquidity in the United States corporate bonds, emerging markets and high-yield bonds, European bonds, the United States agency bonds, municipal bonds, credit default swaps and other fixed-income securities. It has a 51.63 P/E ratio. Through Open Trading protocols, it executes trades in certain bonds between and among institutional investor and broker-dealer clients in a trading environment on a matched principal basis.

The stock increased 0.02% or $0.04 during the last trading session, reaching $190.45. About shares traded. MarketAxess Holdings Inc. (NASDAQ:MKTX) has risen 40.00% since July 18, 2016 and is uptrending. It has outperformed by 23.30% the S&P500.

Wall Street await MarketAxess Holdings Inc. (NASDAQ:MKTX) to release earnings on July, 27. Analysts forecast EPS of $1.00, up exactly $0.12 or 13.64 % from 2014’s $0.88 EPS. The expected MKTX’s profit could reach $36.81 million giving the stock 47.61 P/E in the case that $1.00 earnings per share is reported. After posting $1.11 EPS for the previous quarter, MarketAxess Holdings Inc.’s analysts now forecast -9.91 % negative EPS growth.

Next Century Growth Investors Llc holds 2.75% of its portfolio in MarketAxess Holdings Inc. for 305,661 shares. Van Berkom & Associates Inc. owns 457,115 shares or 2.7% of their US portfolio. Moreover, Ashford Capital Management Inc has 2.1% invested in the company for 71,034 shares. The New York-based Forte Capital Llc Adv has invested 2.09% in the stock. Grandeur Peak Global Advisors Llc, a Us-based fund reported 67,300 shares.#img1#

Since January 1, 0001, it had 0 insider purchases, and 11 sales for $22.72 million activity.

MarketAxess Holdings Inc. (NASDAQ:MKTX) Ratings Coverage

Ratings analysis reveals 57% of MarketAxess Holdings’s analysts are positive. Out of 7 Wall Street analysts rating MarketAxess Holdings, 4 give it “Buy”, 0 “Sell” rating, while 3 recommend “Hold”. The lowest target is $103 while the high is $20500. The stock’s average target of $175 is -8.11% below today’s ($190.45) share price. MKTX was included in 16 notes of analysts from September 9, 2015. As per Monday, October 26, the company rating was upgraded by Raymond James. The firm has “Neutral” rating given on Tuesday, January 31 by Macquarie Research. As per Tuesday, January 3, the company rating was upgraded by Raymond James. The firm earned “Buy” rating on Thursday, June 1 by Keefe Bruyette & Woods. The firm earned “Neutral” rating on Wednesday, January 25 by Credit Suisse. The stock of MarketAxess Holdings Inc. (NASDAQ:MKTX) has “Market Perform” rating given on Friday, July 15 by Raymond James. On Friday, April 8 the stock rating was maintained by Wood with “Outperform”. Keefe Bruyette & Woods maintained MarketAxess Holdings Inc. (NASDAQ:MKTX) on Wednesday, July 5 with “Buy” rating. Wood upgraded MarketAxess Holdings Inc. (NASDAQ:MKTX) on Thursday, October 22 to “Outperform” rating. The rating was initiated by William Blair on Monday, June 20 with “Market Perform”.

More notable recent MarketAxess Holdings Inc. (NASDAQ:MKTX) news were published by: Globenewswire.com which released: “MarketAxess Announces Monthly Volume Statistics for May 2017” on June 05, 2017, also Fool.com with their article: “MarketAxess Holdings Inc. Earnings Surge on Record Trading Volumes” published on April 28, 2017, Fool.com published: “MarketAxess Holdings Inc. Earnings Surge 36%” on October 28, 2016. More interesting news about MarketAxess Holdings Inc. (NASDAQ:MKTX) were released by: Zacks.com and their article: “Why You Should Buy MarketAxess Holdings (MKTX) Stock Now February 22, 2017” published on February 22, 2017 as well as Seekingalpha.com‘s news article titled: “MarketAxess: Credit Trading Needs To Be Disrupted” with publication date: April 12, 2017.

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