Ameritas Investment Partners Inc. Grows Stake in MSCI Inc (MSCI)
Ameritas Investment Partners Inc. grew its holdings in shares of MSCI Inc (NYSE:MSCI) by 1.7% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 27,138 shares of the technology company’s stock after purchasing an additional 447 shares during the quarter. Ameritas Investment Partners Inc.’s holdings in MSCI were worth $2,795,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Castleark Management LLC purchased a new stake in shares of MSCI during the 2nd quarter valued at about $349,000. The Manufacturers Life Insurance Company increased its position in shares of MSCI by 1.8% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 133,649 shares of the technology company’s stock valued at $13,764,000 after purchasing an additional 2,304 shares during the last quarter. Arrowstreet Capital Limited Partnership increased its position in shares of MSCI by 64.3% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 919,364 shares of the technology company’s stock valued at $94,685,000 after purchasing an additional 359,892 shares during the last quarter. Caxton Associates LP purchased a new stake in shares of MSCI during the 2nd quarter valued at about $577,000. Finally, Janus Henderson Group PLC increased its position in shares of MSCI by 41,366.8% during the 2nd quarter. Janus Henderson Group PLC now owns 3,794,624 shares of the technology company’s stock valued at $390,808,000 after purchasing an additional 3,785,473 shares during the last quarter. 94.59% of the stock is owned by hedge funds and other institutional investors.
In related news, COO Cd Baer Pettit sold 2,083 shares of the firm’s stock in a transaction on Tuesday, September 5th. The shares were sold at an average price of $115.16, for a total transaction of $239,878.28. Following the sale, the chief operating officer now owns 176,183 shares in the company, valued at $20,289,234.28. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In the last three months, insiders sold 6,249 shares of company stock valued at $724,009. Insiders own 2.26% of the company’s stock.
MSCI (NYSE:MSCI) last issued its quarterly earnings data on Thursday, August 3rd. The technology company reported $0.95 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.90 by $0.05. The business had revenue of $316.08 million during the quarter, compared to analysts’ expectations of $314.03 million. MSCI had a return on equity of 87.11% and a net margin of 24.01%. The company’s revenue for the quarter was up 8.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.77 EPS.
Several equities research analysts have recently commented on MSCI shares. Barclays PLC started coverage on shares of MSCI in a research report on Tuesday, July 18th. They set an “equal weight” rating and a $110.00 price target for the company. BidaskClub lowered shares of MSCI from a “strong-buy” rating to a “buy” rating in a research report on Thursday, June 22nd. Morgan Stanley reaffirmed an “equal weight” rating and set a $97.00 price target (down previously from $98.00) on shares of MSCI in a research report on Tuesday, July 18th. UBS AG upped their price target on shares of MSCI from $115.00 to $125.00 and gave the company a “buy” rating in a research report on Friday, August 4th. Finally, Zacks Investment Research raised shares of MSCI from a “hold” rating to a “buy” rating and set a $115.00 target price for the company in a report on Thursday, July 6th. One analyst has rated the stock with a sell rating, two have given a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $111.50.
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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