Daiwa Securities Group Inc. raised its stake in shares of MSCI Inc (NYSE:MSCI) by 298.0% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 9,750 shares of the technology company’s stock after buying an additional 7,300 shares during the period. Daiwa Securities Group Inc.’s holdings in MSCI were worth $1,004,000 at the end of the most recent quarter.
Several other large investors have also made changes to their positions in MSCI. Vanguard Group Inc. raised its position in shares of MSCI by 2.1% in the first quarter. Vanguard Group Inc. now owns 8,620,375 shares of the technology company’s stock valued at $837,814,000 after buying an additional 174,154 shares during the last quarter. BlackRock Inc. raised its position in shares of MSCI by 5,307.1% in the first quarter. BlackRock Inc. now owns 8,220,286 shares of the technology company’s stock valued at $798,929,000 after buying an additional 8,068,258 shares during the last quarter. Morgan Stanley raised its position in shares of MSCI by 5.0% in the first quarter. Morgan Stanley now owns 3,360,760 shares of the technology company’s stock valued at $326,631,000 after buying an additional 160,690 shares during the last quarter. Bank of New York Mellon Corp raised its position in shares of MSCI by 6.8% in the first quarter. Bank of New York Mellon Corp now owns 1,144,345 shares of the technology company’s stock valued at $111,219,000 after buying an additional 73,287 shares during the last quarter. Finally, Findlay Park Partners LLP raised its position in shares of MSCI by 322.5% in the first quarter. Findlay Park Partners LLP now owns 890,489 shares of the technology company’s stock valued at $86,547,000 after buying an additional 679,729 shares during the last quarter. Institutional investors own 95.18% of the company’s stock.
MSCI Inc (NYSE:MSCI) opened at 107.26 on Friday. MSCI Inc has a 12-month low of $76.52 and a 12-month high of $113.38. The company has a market cap of $9.66 billion, a price-to-earnings ratio of 34.73 and a beta of 1.04. The stock has a 50 day moving average price of $106.89 and a 200-day moving average price of $99.37.
MSCI (NYSE:MSCI) last issued its quarterly earnings results on Thursday, August 3rd. The technology company reported $0.95 EPS for the quarter, topping analysts’ consensus estimates of $0.90 by $0.05. MSCI had a return on equity of 87.11% and a net margin of 24.01%. The firm had revenue of $316.08 million for the quarter, compared to analysts’ expectations of $314.03 million. During the same period in the previous year, the firm posted $0.77 EPS. The business’s revenue for the quarter was up 8.8% compared to the same quarter last year. On average, analysts predict that MSCI Inc will post $3.80 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, August 31st. Stockholders of record on Friday, August 18th will be given a $0.38 dividend. This is a boost from MSCI’s previous quarterly dividend of $0.28. This represents a $1.52 dividend on an annualized basis and a dividend yield of 1.42%. The ex-dividend date of this dividend is Wednesday, August 16th. MSCI’s payout ratio is currently 36.13%.
Several research analysts have issued reports on MSCI shares. Cantor Fitzgerald reiterated a “buy” rating and issued a $100.00 price target on shares of MSCI in a report on Friday, May 5th. Credit Suisse Group dropped their target price on MSCI from $105.00 to $94.00 and set an “outperform” rating on the stock in a report on Monday, May 15th. Morgan Stanley raised their target price on MSCI from $93.00 to $98.00 and gave the company an “equal weight” rating in a report on Monday, May 8th. Zacks Investment Research lowered MSCI from a “buy” rating to a “hold” rating in a report on Thursday, April 13th. Finally, BidaskClub upgraded MSCI from a “buy” rating to a “strong-buy” rating in a report on Thursday, July 13th. One investment analyst has rated the stock with a sell rating, two have issued 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.
In other news, COO Cd Baer Pettit sold 2,083 shares of the business’s stock in a transaction that occurred on Monday, July 3rd. The stock was sold at an average price of $103.44, for a total value of $215,465.52. Following the sale, the chief operating officer now directly owns 180,349 shares of the company’s stock, valued at approximately $18,655,300.56. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Over the last three months, insiders sold 6,249 shares of company stock worth $663,581. Insiders own 2.26% of the company’s stock.
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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