The Manufacturers Life Insurance Company increased its holdings in shares of Msci Inc (NYSE:MSCI) by 12.6% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 149,437 shares of the technology company’s stock after acquiring an additional 16,719 shares during the period. The Manufacturers Life Insurance Company ‘s holdings in Msci were worth $18,910,000 at the end of the most recent reporting period.
Several other institutional investors have also modified their holdings of the company. Parametric Portfolio Associates LLC boosted its position in shares of Msci by 27.9% during the 3rd quarter. Parametric Portfolio Associates LLC now owns 700,056 shares of the technology company’s stock valued at $81,837,000 after acquiring an additional 152,644 shares in the last quarter. Jackson Square Partners LLC boosted its position in shares of Msci by 3.5% during the 3rd quarter. Jackson Square Partners LLC now owns 633,613 shares of the technology company’s stock valued at $74,069,000 after acquiring an additional 21,240 shares in the last quarter. Prudential Financial Inc. boosted its position in shares of Msci by 9.2% during the 3rd quarter. Prudential Financial Inc. now owns 512,698 shares of the technology company’s stock valued at $59,934,000 after acquiring an additional 43,380 shares in the last quarter. Nationwide Fund Advisors boosted its position in shares of Msci by 17.7% during the 3rd quarter. Nationwide Fund Advisors now owns 470,925 shares of the technology company’s stock valued at $55,051,000 after acquiring an additional 70,762 shares in the last quarter. Finally, Kayne Anderson Rudnick Investment Management LLC boosted its position in shares of Msci by 0.8% during the 3rd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 420,749 shares of the technology company’s stock valued at $49,186,000 after acquiring an additional 3,438 shares in the last quarter. Institutional investors and hedge funds own 92.43% of the company’s stock.
Several analysts have recently weighed in on MSCI shares. Credit Suisse Group lifted their target price on shares of Msci from $120.00 to $141.00 and gave the company an “outperform” rating in a research report on Friday, November 3rd. Barclays reiterated a “hold” rating and set a $135.00 target price on shares of Msci in a research report on Tuesday, December 19th. BidaskClub lowered shares of Msci from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, November 1st. Zacks Investment Research raised shares of Msci from a “hold” rating to a “buy” rating and set a $143.00 price target for the company in a report on Thursday, January 4th. Finally, Morgan Stanley lifted their price target on shares of Msci from $129.00 to $130.00 and gave the company an “equal weight” rating in a report on Friday, November 3rd. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $147.33.
Msci Inc (MSCI) opened at $144.99 on Friday. Msci Inc has a 1-year low of $93.71 and a 1-year high of $149.15. The stock has a market cap of $13,059.10, a PE ratio of 36.43, a P/E/G ratio of 2.68 and a beta of 0.90. The company has a current ratio of 2.05, a quick ratio of 2.05 and a debt-to-equity ratio of 5.77.
Msci (NYSE:MSCI) last announced its quarterly earnings results on Thursday, February 1st. The technology company reported $1.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.99 by $0.16. Msci had a net margin of 23.86% and a return on equity of 116.05%. The firm had revenue of $334.80 million during the quarter, compared to the consensus estimate of $333.68 million. During the same period last year, the firm posted $0.81 EPS. The firm’s quarterly revenue was up 14.3% on a year-over-year basis. equities analysts predict that Msci Inc will post 5.41 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, March 15th. Investors of record on Friday, February 16th will be issued a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a yield of 1.05%. The ex-dividend date of this dividend is Thursday, February 15th. Msci’s dividend payout ratio is currently 45.78%.
TRADEMARK VIOLATION WARNING: This report was first posted by Transcript Daily and is the property of of Transcript Daily. If you are reading this report on another publication, it was stolen and reposted in violation of United States and international trademark and copyright law. The original version of this report can be viewed at https://transcriptdaily.com/2018/02/25/the-manufacturers-life-insurance-company-acquires-16719-shares-of-msci-inc-msci.html.
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.
Want to see what other hedge funds are holding MSCI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Msci Inc (NYSE:MSCI).
Receive News & Ratings for Msci Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Msci and related companies with MarketBeat.com's FREE daily email newsletter.