Franklin Resources Inc. Has $26.83 Million Holdings in MSCI Inc (MSCI)
Franklin Resources Inc. raised its stake in MSCI Inc (NYSE:MSCI) by 7.4% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 260,528 shares of the technology company’s stock after purchasing an additional 17,922 shares during the quarter. Franklin Resources Inc. owned approximately 0.29% of MSCI worth $26,832,000 at the end of the most recent reporting period.
A number of other hedge funds also recently bought and sold shares of the business. Old Mutual Global Investors UK Ltd. bought a new position in shares of MSCI during the 2nd quarter worth approximately $2,175,000. Atlantic Trust Group LLC boosted its stake in shares of MSCI by 4.9% during the 2nd quarter. Atlantic Trust Group LLC now owns 63,602 shares of the technology company’s stock worth $6,551,000 after acquiring an additional 2,975 shares during the period. Meiji Yasuda Life Insurance Co boosted its stake in shares of MSCI by 8.1% during the 2nd quarter. Meiji Yasuda Life Insurance Co now owns 4,020 shares of the technology company’s stock worth $414,000 after acquiring an additional 300 shares during the period. Kayne Anderson Rudnick Investment Management LLC boosted its stake in shares of MSCI by 3.6% during the 2nd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 417,311 shares of the technology company’s stock worth $42,980,000 after acquiring an additional 14,327 shares during the period. Finally, JPMorgan Chase & Co. boosted its stake in shares of MSCI by 12.7% during the 2nd quarter. JPMorgan Chase & Co. now owns 1,147,347 shares of the technology company’s stock worth $118,165,000 after acquiring an additional 129,131 shares during the period. Hedge funds and other institutional investors own 94.59% of the company’s stock.
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In other news, COO Cd Baer Pettit sold 2,083 shares of the company’s stock in a transaction that occurred on Tuesday, September 5th. The stock was sold at an average price of $115.16, for a total value of $239,878.28. Following the completion of the transaction, the chief operating officer now directly owns 176,183 shares of the company’s stock, valued at $20,289,234.28. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Over the last ninety days, insiders sold 6,249 shares of company stock valued at $686,890. 2.26% of the stock is currently owned by corporate insiders.
MSCI Inc (NYSE MSCI) opened at 113.15 on Tuesday. MSCI Inc has a 52 week low of $76.52 and a 52 week high of $118.06. The company has a market capitalization of $10.19 billion, a P/E ratio of 36.64 and a beta of 1.03. The stock’s 50 day moving average price is $112.10 and its 200 day moving average price is $103.71.
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 consensus estimate of $0.90 by $0.05. The company had revenue of $316.08 million during the quarter, compared to analyst estimates of $314.03 million. MSCI had a return on equity of 87.11% and a net margin of 24.01%. MSCI’s quarterly revenue was up 8.8% on a year-over-year basis. During the same period in the prior year, the company posted $0.77 earnings per share. Analysts anticipate that MSCI Inc will post $3.80 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Thursday, August 31st. Stockholders of record on Friday, August 18th were issued a $0.38 dividend. The ex-dividend date of this dividend was Wednesday, August 16th. This is a positive change from MSCI’s previous quarterly dividend of $0.28. This represents a $1.52 annualized dividend and a dividend yield of 1.34%. MSCI’s dividend payout ratio is currently 49.03%.
MSCI has been the subject of several research analyst reports. Morgan Stanley lifted their target price on MSCI from $97.00 to $125.00 and gave the stock an “equal weight” rating in a research note on Monday, August 7th. BidaskClub upgraded MSCI from a “buy” rating to a “strong-buy” rating in a research note on Thursday, July 13th. Barclays PLC initiated coverage on MSCI in a research note on Tuesday, July 18th. They set an “equal weight” rating and a $110.00 target price for the company. UBS AG lifted their target price on MSCI from $115.00 to $125.00 and gave the stock a “buy” rating in a research note on Friday, August 4th. Finally, Zacks Investment Research upgraded MSCI from a “hold” rating to a “buy” rating and set a $115.00 target price for the company in a research note on Thursday, July 6th. One analyst has rated the stock with a sell rating, two have assigned a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company’s stock. MSCI currently has an average rating of “Buy” and a consensus price target of $106.29.
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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