Davy Asset Management Ltd Takes $998,000 Position in Msci Inc (MSCI)
Davy Asset Management Ltd acquired a new position in shares of Msci Inc (NYSE:MSCI) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 15,877 shares of the technology company’s stock, valued at approximately $998,000.
Several other institutional investors have also bought and sold shares of the company. Smithfield Trust Co. lifted its stake in Msci by 2,573.3% in the 2nd quarter. Smithfield Trust Co. now owns 802 shares of the technology company’s stock valued at $133,000 after purchasing an additional 772 shares during the last quarter. Rampart Investment Management Company LLC acquired a new stake in Msci in the 2nd quarter valued at about $152,000. Atria Investments LLC acquired a new stake in Msci in the 1st quarter valued at about $202,000. Chicago Equity Partners LLC acquired a new stake in Msci in the 1st quarter valued at about $208,000. Finally, Lincoln National Corp acquired a new stake in Msci in the 1st quarter valued at about $210,000. Institutional investors own 91.25% of the company’s stock.
Several research analysts have weighed in on the stock. Zacks Investment Research raised shares of Msci from a “sell” rating to a “hold” rating in a report on Tuesday, August 7th. Barclays reissued a “hold” rating and issued a $175.00 price target on shares of Msci in a report on Sunday, August 12th. BMO Capital Markets assumed coverage on shares of Msci in a report on Wednesday, July 25th. They issued an “outperform” rating and a $198.00 price target on the stock. Morgan Stanley increased their price target on shares of Msci from $160.00 to $168.00 and gave the company a “$171.53” rating in a report on Wednesday, July 18th. Finally, Wells Fargo & Co raised their target price on shares of Msci from $170.00 to $190.00 and gave the stock an “outperform” rating in a report on Monday, June 25th. Four investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $175.00.
Msci (NYSE:MSCI) last announced its earnings results on Thursday, August 2nd. The technology company reported $1.30 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.28 by $0.02. Msci had a net margin of 27.83% and a return on equity of 114.65%. The company had revenue of $363.05 million for the quarter, compared to analysts’ expectations of $356.01 million. During the same period last year, the firm earned $0.95 earnings per share. The business’s revenue for the quarter was up 14.9% on a year-over-year basis. equities analysts predict that Msci Inc will post 5.24 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Friday, August 31st. Stockholders of record on Friday, August 17th were issued a dividend of $0.58 per share. The ex-dividend date was Thursday, August 16th. This is a boost from Msci’s previous quarterly dividend of $0.38. This represents a $2.32 annualized dividend and a dividend yield of 1.29%. Msci’s dividend payout ratio (DPR) is currently 58.29%.
MSCI Inc, together with its subsidiaries, provides investment decision support tools for the clients to manage their investment processes worldwide. The company operates through four segments: Index, Analytics, ESG, and Real Estate. The Index segment primarily provides equity indexes for use 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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