Arizona State Retirement System Purchases 500 Shares of MSCI Inc (MSCI)
Arizona State Retirement System boosted its position in MSCI Inc (NYSE:MSCI) by 1.3% during the second quarter, Holdings Channel reports. The institutional investor owned 38,200 shares of the technology company’s stock after buying an additional 500 shares during the period. Arizona State Retirement System’s holdings in MSCI were worth $3,934,000 at the end of the most recent quarter.
Other institutional investors have also recently modified their holdings of the company. Sumitomo Mitsui Asset Management Company LTD boosted its position in shares of MSCI by 12.8% in the first quarter. Sumitomo Mitsui Asset Management Company LTD now owns 7,212 shares of the technology company’s stock worth $700,000 after buying an additional 820 shares in the last quarter. Russell Investments Group Ltd. raised its stake in MSCI by 27.3% in the first quarter. Russell Investments Group Ltd. now owns 743,504 shares of the technology company’s stock worth $72,275,000 after buying an additional 159,381 shares during the last quarter. Nikko Asset Management Americas Inc. raised its stake in MSCI by 63.6% in the first quarter. Nikko Asset Management Americas Inc. now owns 3,600 shares of the technology company’s stock worth $350,000 after buying an additional 1,400 shares during the last quarter. Shell Asset Management Co. raised its stake in MSCI by 4.2% in the first quarter. Shell Asset Management Co. now owns 4,944 shares of the technology company’s stock worth $481,000 after buying an additional 199 shares during the last quarter. Finally, Janney Montgomery Scott LLC raised its stake in MSCI by 13.4% in the first quarter. Janney Montgomery Scott LLC now owns 16,882 shares of the technology company’s stock worth $1,641,000 after buying an additional 1,993 shares during the last quarter. Institutional investors own 95.87% of the company’s stock.
Shares of MSCI Inc (NYSE:MSCI) opened at 109.27 on Wednesday. MSCI Inc has a 52-week low of $76.52 and a 52-week high of $113.38. The stock has a market capitalization of $9.84 billion, a price-to-earnings ratio of 35.39 and a beta of 1.04. The company has a 50-day moving average price of $107.31 and a 200-day moving average price of $100.19.
MSCI (NYSE:MSCI) last released its earnings results on Thursday, August 3rd. The technology company reported $0.95 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.90 by $0.05. MSCI had a return on equity of 87.11% and a net margin of 24.01%. The business had revenue of $316.08 million for the quarter, compared to the consensus estimate of $314.03 million. During the same period in the previous year, the company posted $0.77 earnings per share. The company’s revenue for the quarter was up 8.8% compared to the same quarter last year. On average, equities analysts anticipate that MSCI Inc will post $3.80 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, August 31st. Shareholders of record on Friday, August 18th will be issued a $0.38 dividend. This represents a $1.52 annualized dividend and a yield of 1.39%. This is an increase from MSCI’s previous quarterly dividend of $0.28. The ex-dividend date of this dividend is Wednesday, August 16th. MSCI’s payout ratio is 36.13%.
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A number of research firms recently commented on MSCI. BidaskClub lowered MSCI from a “strong-buy” rating to a “buy” rating in a research report on Thursday, June 22nd. Zacks Investment Research raised MSCI from a “hold” rating to a “buy” rating and set a $115.00 price target for the company in a research report on Thursday, July 6th. Credit Suisse Group lowered their price target on MSCI from $105.00 to $94.00 and set an “outperform” rating for the company in a research report on Friday, May 5th. UBS AG increased their price target on MSCI from $115.00 to $125.00 and gave the company a “buy” rating in a research report on Friday, August 4th. Finally, Morgan Stanley reissued an “equal weight” rating and issued a $97.00 price target (down from $98.00) on shares of MSCI in a research report on Tuesday, July 18th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $106.29.
In other MSCI news, COO Cd Baer Pettit sold 2,083 shares of the business’s stock in a transaction on Monday, August 7th. The stock was sold at an average price of $111.16, for a total value of $231,546.28. Following the sale, the chief operating officer now directly owns 178,266 shares of the company’s stock, valued at $19,816,048.56. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders sold 6,249 shares of company stock worth $663,581 over the last three months. Corporate 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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