Stanley Laman Group Ltd. increased its position in shares of MSCI Inc. (NYSE:MSCI) by 7.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 17,676 shares of the technology company’s stock after buying an additional 1,187 shares during the period. MSCI accounts for approximately 1.4% of Stanley Laman Group Ltd.’s investment portfolio, making the stock its 17th biggest position. Stanley Laman Group Ltd.’s holdings in MSCI were worth $7,893,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Motco acquired a new position in MSCI during the fourth quarter worth $25,000. International Assets Investment Management LLC acquired a new position in MSCI during the fourth quarter worth $25,000. Magellan Asset Management Ltd acquired a new position in MSCI during the third quarter worth $26,000. CX Institutional increased its holdings in MSCI by 53.1% during the fourth quarter. CX Institutional now owns 98 shares of the technology company’s stock worth $44,000 after buying an additional 34 shares during the last quarter. Finally, Exane Derivatives acquired a new position in MSCI during the fourth quarter worth $56,000. Institutional investors and hedge funds own 89.29% of the company’s stock.
In related news, COO Cd Baer Pettit sold 2,500 shares of the company’s stock in a transaction dated Thursday, February 4th. The shares were sold at an average price of $420.52, for a total transaction of $1,051,300.00. Following the completion of the sale, the chief operating officer now owns 267,869 shares of the company’s stock, valued at $112,644,271.88. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 2.94% of the company’s stock.
MSCI (NYSE:MSCI) last released its quarterly earnings results on Thursday, January 28th. The technology company reported $1.96 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.98 by ($0.02). MSCI had a net margin of 34.28% and a negative return on equity of 226.94%. The business had revenue of $443.70 million during the quarter, compared to analyst estimates of $434.64 million. During the same quarter last year, the company posted $1.67 earnings per share. The company’s revenue was up 9.1% on a year-over-year basis. On average, sell-side analysts anticipate that MSCI Inc. will post 7.84 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, February 26th. Investors of record on Friday, February 19th will be paid a $0.78 dividend. The ex-dividend date of this dividend is Thursday, February 18th. This represents a $3.12 annualized dividend and a dividend yield of 0.76%. MSCI’s dividend payout ratio (DPR) is presently 48.45%.
A number of brokerages recently weighed in on MSCI. Barclays boosted their target price on shares of MSCI from $360.00 to $490.00 and gave the stock an “overweight” rating in a report on Thursday, December 17th. UBS Group upgraded shares of MSCI from a “neutral” rating to a “buy” rating and upped their price objective for the company from $452.00 to $463.00 in a report on Monday, February 1st. Morgan Stanley upped their price objective on shares of MSCI from $422.00 to $448.00 and gave the company an “equal weight” rating in a report on Friday, January 29th. Finally, Atlantic Securities downgraded shares of MSCI from an “overweight” rating to a “neutral” rating in a report on Thursday, November 26th. Four research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $450.17.
MSCI Company Profile
MSCI, Inc engages in the provision of investment decision support tools, including indices, portfolio risk and performance analytics and corporate governance products and services. The company operates through the following business segments: Index; Analytics; Environmental, Social, and Governance (ESG); and Real Estate.
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