Bessemer Group Inc. Sells 2,760 Shares of MSCI Inc (NYSE:MSCI)
Bessemer Group Inc. decreased its position in MSCI Inc (NYSE:MSCI) by 10.6% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 23,284 shares of the technology company’s stock after selling 2,760 shares during the period. Bessemer Group Inc.’s holdings in MSCI were worth $2,398,000 at the end of the most recent reporting period.
Other large investors have also bought and sold shares of the company. BlackRock Inc. increased its stake 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 in the last quarter. Findlay Park Partners LLP increased its stake 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 in the last quarter. Renaissance Technologies LLC increased its stake in shares of MSCI by 675.7% in the first quarter. Renaissance Technologies LLC now owns 246,821 shares of the technology company’s stock valued at $23,989,000 after buying an additional 215,000 shares in the last quarter. Vanguard Group Inc. increased its stake 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 in the last quarter. Finally, Ameriprise Financial Inc. increased its stake in shares of MSCI by 28.5% in the first quarter. Ameriprise Financial Inc. now owns 762,930 shares of the technology company’s stock valued at $74,148,000 after buying an additional 169,058 shares in the last quarter. Hedge funds and other institutional investors own 95.18% of the company’s stock.
MSCI Inc (NYSE MSCI) opened at 109.68 on Thursday. MSCI Inc has a 12-month low of $76.52 and a 12-month high of $113.38. The company has a 50 day moving average price of $106.74 and a 200-day moving average price of $99.32. The company has a market capitalization of $9.92 billion, a PE ratio of 37.81 and a beta of 1.04.
MSCI (NYSE:MSCI) last announced its quarterly earnings results on Thursday, August 3rd. The technology company reported $0.95 EPS for the quarter, beating the Zacks’ 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 firm had revenue of $316.08 million for the quarter, compared to analyst estimates of $314.03 million. During the same period last year, the firm posted $0.77 earnings per share. The business’s revenue for the quarter was up 8.8% on a year-over-year basis. On average, analysts anticipate that MSCI Inc will post $3.77 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, August 31st. Stockholders of record on Friday, August 18th will be paid a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a dividend yield of 1.39%. This is a positive change from MSCI’s previous quarterly dividend of $0.28. The ex-dividend date is Wednesday, August 16th. MSCI’s dividend payout ratio (DPR) is presently 36.13%.
MSCI has been the topic of several recent analyst reports. Cantor Fitzgerald restated a “buy” rating and issued a $100.00 target price on shares of MSCI in a research note on Friday, May 5th. Credit Suisse Group reduced their target price on shares of MSCI from $105.00 to $94.00 and set an “outperform” rating on the stock in a research note on Monday, May 15th. Morgan Stanley boosted their target price on shares of MSCI from $93.00 to $98.00 and gave the company an “equal weight” rating in a research note on Monday, May 8th. Zacks Investment Research downgraded shares of MSCI from a “buy” rating to a “hold” rating in a research note on Thursday, April 13th. Finally, BidaskClub upgraded shares of MSCI from a “buy” rating to a “strong-buy” rating in a research note on Thursday, July 13th. One analyst has rated the stock with a sell rating, two have given a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. The company presently 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 MSCI stock in a transaction dated Monday, July 3rd. The stock was sold at an average price of $103.44, for a total transaction of $215,465.52. Following the sale, the chief operating officer now directly owns 180,349 shares of the company’s stock, valued at $18,655,300.56. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders have sold 6,249 shares of company stock worth $663,581 over the last three months. 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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