Investec Asset Management LTD acquired a new position in shares of MSCI Inc (NYSE:MSCI) during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 41,538 shares of the technology company’s stock, valued at approximately $4,278,000.
Several other large investors also recently modified their holdings of MSCI. World Asset Management Inc increased its stake in MSCI by 10.6% in the 1st quarter. World Asset Management Inc now owns 6,316 shares of the technology company’s stock valued at $614,000 after buying an additional 605 shares during the last quarter. UBS Asset Management Americas Inc. increased its stake in MSCI by 7.3% in the 1st quarter. UBS Asset Management Americas Inc. now owns 213,862 shares of the technology company’s stock valued at $20,785,000 after buying an additional 14,622 shares during the last quarter. Karp Capital Management Corp acquired a new stake in MSCI in the 1st quarter valued at $1,401,000. State of Wisconsin Investment Board increased its stake in MSCI by 14.2% in the 1st quarter. State of Wisconsin Investment Board now owns 56,775 shares of the technology company’s stock valued at $5,518,000 after buying an additional 7,038 shares during the last quarter. Finally, 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 last quarter. Institutional investors and hedge funds own 94.59% of the company’s stock.
MSCI Inc (MSCI) opened at 114.29 on Thursday. The stock has a 50 day moving average of $112.24 and a 200-day moving average of $103.84. MSCI Inc has a 12 month low of $76.52 and a 12 month high of $118.06. The company has a market cap of $10.29 billion, a P/E ratio of 37.01 and a beta of 1.03.
MSCI (NYSE:MSCI) last released its quarterly earnings data on Thursday, August 3rd. The technology company reported $0.95 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.90 by $0.05. MSCI had a net margin of 24.01% and a return on equity of 87.11%. The firm had revenue of $316.08 million for the quarter, compared to the consensus estimate of $314.03 million. During the same quarter in the prior year, the company posted $0.77 earnings per share. The business’s revenue was up 8.8% on a year-over-year basis. Equities research analysts expect that MSCI Inc will post $3.80 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 31st. Shareholders of record on Friday, August 18th were issued a dividend of $0.38 per share. This is an increase from MSCI’s previous quarterly dividend of $0.28. The ex-dividend date was Wednesday, August 16th. This represents a $1.52 annualized dividend and a yield of 1.33%. MSCI’s dividend payout ratio is presently 49.03%.
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In other MSCI news, COO Cd Baer Pettit sold 2,083 shares of the company’s stock in a transaction on Monday, August 7th. The shares were sold at an average price of $111.16, for a total transaction of $231,546.28. Following the transaction, the chief operating officer now owns 178,266 shares in the company, valued at $19,816,048.56. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In the last 90 days, insiders have sold 6,249 shares of company stock worth $686,890. Corporate insiders own 2.26% of the company’s stock.
Several brokerages have issued reports on MSCI. UBS AG lifted their price target on shares of MSCI from $115.00 to $125.00 and gave the company a “buy” rating in a research note on Friday, August 4th. Morgan Stanley lifted their price target on shares of MSCI from $97.00 to $125.00 and gave the company an “equal weight” rating in a research note on Monday, August 7th. Barclays PLC began coverage on shares of MSCI in a research note on Tuesday, July 18th. They issued an “equal weight” rating and a $110.00 price target on the stock. BidaskClub upgraded shares of MSCI from a “buy” rating to a “strong-buy” rating in a research note on Thursday, July 13th. Finally, Zacks Investment Research upgraded 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 issued a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company. MSCI presently has an average rating of “Buy” and an average target price of $106.29.
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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