Hartford Investment Management Co. Boosts Position in MSCI Inc. (MSCI)
Hartford Investment Management Co. boosted its stake in shares of MSCI Inc. (NYSE:MSCI) by 8.5% during the second quarter, Holdings Channel reports. The fund owned 3,051 shares of the company’s stock after buying an additional 239 shares during the period. Hartford Investment Management Co.’s holdings in MSCI were worth $235,000 as of its most recent SEC filing.
Several other institutional investors have also recently bought and sold shares of MSCI. New Century Investment Management Inc. purchased a new position in MSCI during the second quarter valued at approximately $609,000. Nordea Investment Management AB increased its stake in shares of MSCI by 980.0% in the second quarter. Nordea Investment Management AB now owns 23,220 shares of the company’s stock worth $1,791,000 after buying an additional 21,070 shares in the last quarter. Nisa Investment Advisors LLC increased its stake in shares of MSCI by 103.3% in the second quarter. Nisa Investment Advisors LLC now owns 20,369 shares of the company’s stock worth $1,571,000 after buying an additional 10,349 shares in the last quarter. Eqis Capital Management Inc. increased its stake in shares of MSCI by 4.8% in the second quarter. Eqis Capital Management Inc. now owns 15,057 shares of the company’s stock worth $1,161,000 after buying an additional 684 shares in the last quarter. Finally, Capstone Asset Management Co. increased its stake in shares of MSCI by 5.7% in the second quarter. Capstone Asset Management Co. now owns 10,217 shares of the company’s stock worth $788,000 after buying an additional 550 shares in the last quarter. 95.37% of the stock is currently owned by institutional investors.
Shares of MSCI Inc. (NYSE:MSCI) traded down 0.58% during midday trading on Friday, hitting $85.36. The company’s stock had a trading volume of 1,529,673 shares. The stock’s 50 day moving average is $86.92 and its 200-day moving average is $78.26. MSCI Inc. has a 52-week low of $56.87 and a 52-week high of $90.79. The firm has a market cap of $8.08 billion, a P/E ratio of 34.90 and a beta of 1.02.
MSCI (NYSE:MSCI) last posted its quarterly earnings results on Thursday, July 28th. The company reported $0.77 EPS for the quarter, topping analysts’ consensus estimates of $0.72 by $0.05. The company had revenue of $290.60 million for the quarter, compared to analysts’ expectations of $286.46 million. MSCI had a net margin of 22.60% and a return on equity of 34.95%. MSCI’s revenue was up 7.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.56 EPS. Equities analysts predict that MSCI Inc. will post $2.92 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Wednesday, August 31st. Investors of record on Monday, August 15th were issued a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a dividend yield of 1.31%. The ex-dividend date was Thursday, August 11th. This is a boost from MSCI’s previous quarterly dividend of $0.22. MSCI’s payout ratio is 45.71%.
MSCI has been the topic of a number of analyst reports. Zacks Investment Research raised MSCI from a “hold” rating to a “buy” rating and set a $95.00 price target on the stock in a research report on Wednesday, August 3rd. Credit Suisse Group AG reissued a “buy” rating and set a $88.00 price target on shares of MSCI in a research report on Friday, July 29th. Finally, Cantor Fitzgerald set a $86.00 price target on MSCI and gave the stock a “buy” rating in a research report on Thursday, July 28th. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $80.50.
In other news, insider Valueact Capital Master Fund, sold 450,000 shares of the business’s stock in a transaction on Thursday, September 8th. The shares were sold at an average price of $88.17, for a total transaction of $39,676,500.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Benjamin F. Dupont sold 5,307 shares of the business’s stock in a transaction on Tuesday, August 30th. The shares were sold at an average price of $89.61, for a total transaction of $475,560.27. Following the transaction, the director now owns 21,708 shares of the company’s stock, valued at $1,945,253.88. The disclosure for this sale can be found here. 2.07% of the stock is currently owned by corporate insiders.
MSCI Inc (MSCI), together with its subsidiaries, offers content, applications and services to support the needs of institutional investors throughout their investment processes. The Company’s operating segment includes Index, Analytics and All Other segment. All Other segment comprises ESG and Real Estate segments.
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 Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for MSCI Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.