Westfield Capital Management Co. LP reduced its position in MSCI Inc (NYSE:MSCI) by 3.9% during the 2nd quarter, according to its most recent filing with the SEC. The firm owned 512,894 shares of the technology company’s stock after selling 20,935 shares during the quarter. Westfield Capital Management Co. LP owned about 0.57% of MSCI worth $52,823,000 as of its most recent filing with the SEC.
Other institutional investors and hedge funds have also recently made changes to their positions in the company. Penserra Capital Management LLC acquired a new position in MSCI in the 2nd quarter valued at $101,000. Van ECK Associates Corp increased its stake in MSCI by 6.8% in the 1st quarter. Van ECK Associates Corp now owns 1,494 shares of the technology company’s stock valued at $145,000 after buying an additional 95 shares during the period. OLD Mutual Customised Solutions Proprietary Ltd. increased its stake in MSCI by 115.0% in the 1st quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 1,505 shares of the technology company’s stock valued at $146,000 after buying an additional 805 shares during the period. Pacer Advisors Inc. increased its stake in MSCI by 2.9% in the 1st quarter. Pacer Advisors Inc. now owns 1,639 shares of the technology company’s stock valued at $159,000 after buying an additional 46 shares during the period. Finally, Advisor Partners LLC acquired a new position in MSCI in the 2nd quarter valued at $211,000. 94.46% of the stock is currently owned by institutional investors.
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In other news, COO Cd Baer Pettit sold 2,083 shares of the firm’s stock in a transaction on Monday, July 3rd. The stock was sold at an average price of $103.44, for a total transaction of $215,465.52. Following the transaction, the chief operating officer now directly owns 180,349 shares of the company’s stock, valued at $18,655,300.56. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders have sold 6,249 shares of company stock worth $686,890 over the last three months. Corporate insiders own 2.26% of the company’s stock.
MSCI has been the topic of a number of recent analyst reports. Morgan Stanley upped their price target on shares of MSCI from $97.00 to $125.00 and gave the stock an “equal weight” rating in a research note on Monday, August 7th. BidaskClub raised shares of MSCI from a “buy” rating to a “strong-buy” rating in a research note on Thursday, July 13th. Barclays PLC initiated coverage on shares of MSCI in a research note on Tuesday, July 18th. They set an “equal weight” rating and a $110.00 price target on the stock. UBS AG upped their price target on shares of MSCI from $115.00 to $125.00 and gave the stock a “buy” rating in a research note on Friday, August 4th. Finally, Zacks Investment Research raised shares of MSCI from a “hold” rating to a “buy” rating and set a $115.00 price target on the stock in a research note on Thursday, July 6th. One analyst has rated the stock with a sell rating, two have assigned a hold rating, four have given a buy rating and one has issued a strong buy rating to the company. MSCI currently has a consensus rating of “Buy” and a consensus target price of $106.29.
MSCI Inc (NYSE MSCI) traded down 0.14% during trading on Friday, hitting $113.30. 909,298 shares of the stock were exchanged. The stock’s 50 day moving average is $112.02 and its 200-day moving average is $103.46. The company has a market cap of $10.20 billion, a price-to-earnings ratio of 36.69 and a beta of 1.03. MSCI Inc has a one year low of $76.52 and a one year high of $118.06.
MSCI (NYSE:MSCI) last issued its quarterly earnings results on Thursday, August 3rd. The technology company reported $0.95 EPS for the quarter, beating analysts’ consensus estimates of $0.90 by $0.05. The company had revenue of $316.08 million for the quarter, compared to analyst estimates of $314.03 million. MSCI had a return on equity of 87.11% and a net margin of 24.01%. The company’s quarterly revenue was up 8.8% compared to the same quarter last year. During the same period last year, the company earned $0.77 earnings per share. On average, equities research analysts expect that MSCI Inc will post $3.80 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Thursday, August 31st. Stockholders of record on Friday, August 18th were issued a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a dividend yield of 1.34%. This is a positive change from MSCI’s previous quarterly dividend of $0.28. The ex-dividend date of this dividend was Wednesday, August 16th. MSCI’s dividend payout ratio (DPR) is 49.03%.
MSCI Company Profile
MSCI Inc offers products and services to support the needs of institutional investors throughout their investment processes. Its segments include Index, Analytics and All Other segment. All Other segment comprises environmental, social and governance (ESG) and Real Estate segments. Its indexes are used in various areas of the investment process, including index-linked product creation and performance benchmarking, as well as portfolio construction and rebalancing, and asset allocation.
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