MSCI Inc (MSCI) Position Lowered by First Trust Advisors LP
First Trust Advisors LP decreased its holdings in MSCI Inc (NYSE:MSCI) by 17.2% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 85,613 shares of the technology company’s stock after selling 17,786 shares during the quarter. First Trust Advisors LP owned approximately 0.10% of MSCI worth $10,008,000 as of its most recent filing with the SEC.
Several other large investors have also added to or reduced their stakes in MSCI. Penserra Capital Management LLC acquired a new position in shares of MSCI in the second quarter worth about $101,000. Toronto Dominion Bank lifted its stake in shares of MSCI by 13.7% in the second quarter. Toronto Dominion Bank now owns 1,113 shares of the technology company’s stock worth $115,000 after acquiring an additional 134 shares in the last quarter. Advisor Partners LLC acquired a new position in shares of MSCI in the second quarter worth about $211,000. US Bancorp DE lifted its stake in shares of MSCI by 8.7% in the second quarter. US Bancorp DE now owns 2,238 shares of the technology company’s stock worth $230,000 after acquiring an additional 180 shares in the last quarter. Finally, BB&T Securities LLC bought a new stake in MSCI in the second quarter valued at about $237,000. Institutional investors and hedge funds own 95.63% of the company’s stock.
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Shares of MSCI Inc (NYSE MSCI) opened at $125.02 on Friday. The company has a quick ratio of 1.96, a current ratio of 2.05 and a debt-to-equity ratio of 5.77. The firm has a market capitalization of $11,518.00, a PE ratio of 35.13, a P/E/G ratio of 3.35 and a beta of 0.86. MSCI Inc has a fifty-two week low of $76.52 and a fifty-two week high of $128.00.
MSCI (NYSE:MSCI) last announced its quarterly earnings data on Thursday, November 2nd. The technology company reported $1.00 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.97 by $0.03. The firm had revenue of $322.10 million during the quarter, compared to analyst estimates of $322.96 million. MSCI had a return on equity of 106.15% and a net margin of 24.97%. MSCI’s quarterly revenue was up 11.7% on a year-over-year basis. During the same period in the previous year, the company earned $0.77 earnings per share. equities analysts anticipate that MSCI Inc will post 3.82 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, November 30th. Stockholders of record on Friday, November 17th will be issued a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a dividend yield of 1.22%. The ex-dividend date is Thursday, November 16th. MSCI’s dividend payout ratio (DPR) is presently 45.37%.
MSCI has been the subject of several research analyst reports. Barclays PLC initiated coverage on MSCI in a report on Tuesday, July 18th. They issued an “equal weight” rating and a $110.00 price objective for the company. Morgan Stanley reissued an “equal weight” rating and issued a $97.00 price objective (down from $98.00) on shares of MSCI in a report on Tuesday, July 18th. UBS AG boosted 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. BidaskClub lowered MSCI from a “strong-buy” rating to a “buy” rating in a report on Wednesday, November 1st. Finally, Cantor Fitzgerald reissued a “buy” rating and issued a $126.00 price objective on shares of MSCI in a report on Thursday, November 2nd. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $127.17.
In other news, COO Cd Baer Pettit sold 2,083 shares of the company’s stock in a transaction that occurred on Monday, October 9th. The stock was sold at an average price of $121.26, for a total transaction of $252,584.58. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.26% of the stock is currently owned by corporate insiders.
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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