MSCI Inc $MSCI Shares Bought by Public Employees Retirement System of Ohio

Public Employees Retirement System of Ohio grew its position in shares of MSCI Inc (NYSE:MSCI) by 34.5% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 38,183 shares of the technology company’s stock after purchasing an additional 9,795 shares during the quarter. Public Employees Retirement System of Ohio’s holdings in MSCI were worth $22,022,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in MSCI. Olde Wealth Management LLC purchased a new position in shares of MSCI during the first quarter worth about $27,000. Meeder Asset Management Inc. grew its holdings in shares of MSCI by 136.4% during the first quarter. Meeder Asset Management Inc. now owns 52 shares of the technology company’s stock worth $29,000 after purchasing an additional 30 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. grew its holdings in shares of MSCI by 50.0% during the first quarter. Migdal Insurance & Financial Holdings Ltd. now owns 66 shares of the technology company’s stock worth $37,000 after purchasing an additional 22 shares during the last quarter. Banque Transatlantique SA grew its holdings in shares of MSCI by 355.6% during the first quarter. Banque Transatlantique SA now owns 82 shares of the technology company’s stock worth $43,000 after purchasing an additional 64 shares during the last quarter. Finally, HWG Holdings LP purchased a new position in shares of MSCI during the first quarter worth about $44,000. Hedge funds and other institutional investors own 89.97% of the company’s stock.

MSCI Stock Down 0.3%

NYSE MSCI opened at $564.96 on Friday. MSCI Inc has a 52-week low of $486.73 and a 52-week high of $642.45. The business’s 50-day moving average price is $562.29 and its 200 day moving average price is $559.14. The firm has a market cap of $43.71 billion, a P/E ratio of 37.41, a P/E/G ratio of 2.77 and a beta of 1.34.

MSCI (NYSE:MSCI) last released its quarterly earnings results on Tuesday, July 22nd. The technology company reported $4.17 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.12 by $0.05. MSCI had a negative return on equity of 143.13% and a net margin of 39.46%.The firm had revenue of $772.68 million for the quarter, compared to analyst estimates of $763.06 million. During the same quarter last year, the company posted $3.64 earnings per share. The business’s revenue was up 9.1% on a year-over-year basis. As a group, analysts anticipate that MSCI Inc will post 16.86 earnings per share for the current year.

MSCI Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 29th. Investors of record on Friday, August 15th were given a $1.80 dividend. The ex-dividend date was Friday, August 15th. This represents a $7.20 dividend on an annualized basis and a yield of 1.3%. MSCI’s dividend payout ratio (DPR) is presently 47.68%.

Wall Street Analyst Weigh In

Several brokerages have issued reports on MSCI. Wells Fargo & Company dropped their price objective on MSCI from $578.00 to $533.00 and set an “equal weight” rating on the stock in a report on Wednesday, July 23rd. JPMorgan Chase & Co. raised their price objective on MSCI from $625.00 to $655.00 and gave the stock an “overweight” rating in a report on Wednesday, September 10th. UBS Group raised their price objective on MSCI from $655.00 to $700.00 and gave the stock a “buy” rating in a report on Tuesday, July 8th. Finally, Raymond James Financial raised MSCI from a “market perform” rating to an “outperform” rating and set a $650.00 price objective on the stock in a report on Friday, July 25th. Ten investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, MSCI has an average rating of “Moderate Buy” and a consensus price target of $652.45.

Insider Buying and Selling

In other news, CEO Henry A. Fernandez acquired 84 shares of MSCI stock in a transaction that occurred on Friday, July 25th. The stock was purchased at an average price of $548.69 per share, for a total transaction of $46,089.96. Following the completion of the transaction, the chief executive officer directly owned 1,279,951 shares in the company, valued at approximately $702,296,314.19. This trade represents a 0.01% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders have bought a total of 12,400 shares of company stock valued at $6,731,599 in the last three months. 3.31% of the stock is owned by company insiders.

MSCI Profile

MSCI Inc, together with its subsidiaries, provides critical decision support tools and solutions for the investment community to manage investment processes worldwide. The Index segment provides indexes for use in various areas of the investment process, including indexed financial product, such as ETFs, mutual funds, annuities, futures, options, structured products, and over-the-counter derivatives; performance benchmarking; portfolio construction and rebalancing; and asset allocation, as well as licenses GICS and GICS Direct.