Great West Life Assurance Co. Can Has $7.85 Million Position in MSCI Inc (NYSE:MSCI)
Great West Life Assurance Co. Can raised its position in shares of MSCI Inc (NYSE:MSCI) by 6.4% during the second quarter, Holdings Channel reports. The institutional investor owned 76,319 shares of the technology company’s stock after buying an additional 4,568 shares during the period. Great West Life Assurance Co. Can’s holdings in MSCI were worth $7,854,000 at the end of the most recent reporting period.
A number of other large investors have also made changes to their positions in the stock. Russell Investments Group Ltd. raised its stake in shares of 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 in the last quarter. Nikko Asset Management Americas Inc. raised its stake in shares of 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 in the last quarter. Shell Asset Management Co. raised its stake in shares of 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 in the last quarter. Janney Montgomery Scott LLC raised its stake in shares of 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 in the last quarter. Finally, Dock Street Asset Management Inc. acquired a new stake in shares of MSCI during the first quarter worth $5,029,000. 95.18% of the stock is currently owned by institutional investors.
Shares of MSCI Inc (NYSE:MSCI) opened at 107.13 on Friday. MSCI Inc has a 52 week low of $76.52 and a 52 week high of $113.38. The stock’s 50 day moving average price is $107.00 and its 200 day moving average price is $99.55. The stock has a market cap of $9.65 billion, a price-to-earnings ratio of 34.69 and a beta of 1.04.
MSCI (NYSE:MSCI) last posted its quarterly earnings data on Thursday, August 3rd. The technology company reported $0.95 EPS for the quarter, topping analysts’ consensus estimates of $0.90 by $0.05. MSCI had a net margin of 24.01% and a return on equity of 87.11%. The firm had revenue of $316.08 million during the quarter, compared to analyst estimates of $314.03 million. During the same quarter last year, the business posted $0.77 EPS. The company’s revenue was up 8.8% on a year-over-year basis. Equities research analysts anticipate that MSCI Inc will post $3.80 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, August 31st. Investors of record on Friday, August 18th will be paid a $0.38 dividend. This is a positive change from MSCI’s previous quarterly dividend of $0.28. The ex-dividend date is Wednesday, August 16th. This represents a $1.52 dividend on an annualized basis and a yield of 1.42%. MSCI’s dividend payout ratio (DPR) is currently 36.13%.
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A number of equities research analysts have weighed in on the company. UBS AG lifted their price objective on MSCI from $115.00 to $125.00 and gave the company a “buy” rating in a report on Friday, August 4th. Morgan Stanley boosted their price target on MSCI from $97.00 to $125.00 and gave the stock an “equal weight” rating in a research note on Monday, August 7th. Barclays PLC assumed coverage on MSCI in a research note on Tuesday, July 18th. They set an “equal weight” rating and a $110.00 price target on the stock. BidaskClub raised MSCI from a “buy” rating to a “strong-buy” rating in a research note on Thursday, July 13th. Finally, Zacks Investment Research raised MSCI from a “hold” rating to a “buy” rating and set a $115.00 price target on the stock in a research note on Thursday, July 6th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, four have given a buy rating and one has issued a strong buy rating to the stock. MSCI presently has a consensus rating of “Buy” and a consensus target price of $106.29.
In related news, COO Cd Baer Pettit sold 2,083 shares of the firm’s stock in a transaction that occurred on Monday, July 3rd. The shares were sold at an average price of $103.44, for a total value of $215,465.52. Following the completion of the transaction, the chief operating officer now owns 180,349 shares of the company’s stock, valued at approximately $18,655,300.56. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders sold a total of 6,249 shares of company stock valued at $663,581 in the last ninety days. Company insiders own 2.26% of the company’s stock.
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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