BNP Paribas Arbitrage SA Increases Stake in MSCI Inc (MSCI)
BNP Paribas Arbitrage SA raised its stake in MSCI Inc (NYSE:MSCI) by 95.3% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 83,537 shares of the technology company’s stock after buying an additional 40,769 shares during the period. BNP Paribas Arbitrage SA owned 0.09% of MSCI worth $8,603,000 at the end of the most recent reporting period.
Several other institutional investors have also bought and sold shares of MSCI. Vanguard Group Inc. increased its position in 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. BlackRock Inc. increased its position in 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. Morgan Stanley increased its position in MSCI by 5.0% in the first quarter. Morgan Stanley now owns 3,360,760 shares of the technology company’s stock valued at $326,631,000 after buying an additional 160,690 shares in the last quarter. Bank of New York Mellon Corp increased its position in MSCI by 6.8% in the first quarter. Bank of New York Mellon Corp now owns 1,144,345 shares of the technology company’s stock valued at $111,219,000 after buying an additional 73,287 shares in the last quarter. Finally, Findlay Park Partners LLP increased its position in 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. 95.87% of the stock is currently owned by hedge funds and other institutional investors.
MSCI Inc (MSCI) opened at 110.32 on Tuesday. The firm’s 50-day moving average is $108.14 and its 200-day moving average is $100.95. 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 $9.94 billion, a P/E ratio of 35.73 and a beta of 1.04.
MSCI (NYSE:MSCI) last released its earnings results on Thursday, August 3rd. The technology company reported $0.95 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.90 by $0.05. The company had revenue of $316.08 million for the quarter, compared to analyst estimates of $314.03 million. MSCI had a net margin of 24.01% and a return on equity of 87.11%. The firm’s quarterly revenue was up 8.8% on a year-over-year basis. During the same period in the prior year, the firm earned $0.77 EPS. On average, equities research analysts predict that MSCI Inc will post $3.80 EPS for the current fiscal year.
The company 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 dividend on an annualized basis and a yield of 1.38%. 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 is 49.03%.
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Several equities analysts have recently weighed in on MSCI shares. Cantor Fitzgerald reissued a “buy” rating and issued a $100.00 price target 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 lifted their target price on shares of MSCI from $93.00 to $98.00 and gave the stock an “equal weight” rating in a research note on Monday, May 8th. BidaskClub raised shares of MSCI from a “buy” rating to a “strong-buy” rating in a research note on Thursday, July 13th. Finally, UBS AG reaffirmed a “buy” rating and set a $114.00 target price (up from $99.00) on shares of MSCI in a research note on Friday, May 5th. One equities research 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 stock. The stock has a consensus rating of “Buy” and a consensus target price of $106.29.
In other MSCI news, COO Cd Baer Pettit sold 2,083 shares of the company’s stock in a transaction dated Monday, August 7th. The shares were sold at an average price of $111.16, for a total value of $231,546.28. Following the transaction, the chief operating officer now directly owns 178,266 shares in the company, valued at approximately $19,816,048.56. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Over the last 90 days, insiders sold 6,249 shares of company stock worth $663,581. 2.26% of the stock is owned by insiders.
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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