Msci Inc (MSCI) Shares Bought by Dana Investment Advisors Inc.
Dana Investment Advisors Inc. lifted its position in Msci Inc (NYSE:MSCI) by 0.5% during the 4th quarter, HoldingsChannel.com reports. The firm owned 22,455 shares of the technology company’s stock after buying an additional 110 shares during the period. Dana Investment Advisors Inc.’s holdings in Msci were worth $3,311,000 at the end of the most recent reporting period.
Several other institutional investors have also recently added to or reduced their stakes in the company. BlackRock Inc. increased its stake in Msci by 0.5% in the fourth quarter. BlackRock Inc. now owns 6,413,485 shares of the technology company’s stock valued at $945,540,000 after acquiring an additional 34,795 shares during the last quarter. Janus Henderson Group PLC increased its stake in Msci by 2.8% in the third quarter. Janus Henderson Group PLC now owns 2,729,359 shares of the technology company’s stock valued at $484,216,000 after acquiring an additional 73,505 shares during the last quarter. Massachusetts Financial Services Co. MA increased its stake in Msci by 7.2% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 1,549,751 shares of the technology company’s stock valued at $228,480,000 after acquiring an additional 103,911 shares during the last quarter. Franklin Resources Inc. increased its stake in Msci by 43.3% in the third quarter. Franklin Resources Inc. now owns 1,265,588 shares of the technology company’s stock valued at $224,540,000 after acquiring an additional 382,115 shares during the last quarter. Finally, DSM Capital Partners LLC increased its stake in Msci by 24.6% in the fourth quarter. DSM Capital Partners LLC now owns 1,252,070 shares of the technology company’s stock valued at $184,593,000 after acquiring an additional 247,304 shares during the last quarter. 89.06% of the stock is currently owned by hedge funds and other institutional investors.
NYSE MSCI opened at $189.58 on Friday. The company has a quick ratio of 1.77, a current ratio of 1.77 and a debt-to-equity ratio of 6.80. Msci Inc has a 12-month low of $134.28 and a 12-month high of $193.94. The stock has a market cap of $16.05 billion, a price-to-earnings ratio of 35.44, a price-to-earnings-growth ratio of 3.08 and a beta of 1.15.
The firm also recently declared a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Friday, February 22nd were given a dividend of $0.58 per share. The ex-dividend date was Thursday, February 21st. This represents a $2.32 annualized dividend and a yield of 1.22%. Msci’s payout ratio is 43.36%.
In other Msci news, insider Scott A. Crum sold 19,000 shares of the company’s stock in a transaction dated Friday, February 15th. The shares were sold at an average price of $175.14, for a total transaction of $3,327,660.00. Following the completion of the sale, the insider now directly owns 96,999 shares in the company, valued at $16,988,404.86. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 2.36% of the company’s stock.
A number of research analysts recently commented on the company. Zacks Investment Research raised Msci from a “hold” rating to a “buy” rating and set a $193.00 target price on the stock in a research note on Tuesday, February 5th. UBS Group reissued a “buy” rating and issued a $196.00 target price (up previously from $159.00) on shares of Msci in a research note on Friday, February 1st. Buckingham Research assumed coverage on Msci in a research note on Friday, January 25th. They issued a “neutral” rating and a $171.00 target price on the stock. Morgan Stanley reduced their target price on Msci from $172.00 to $159.00 and set an “equal weight” rating on the stock in a research note on Tuesday, January 8th. Finally, Barclays reduced their target price on Msci from $175.00 to $165.00 and set an “overweight” rating on the stock in a research note on Monday, January 7th. Four investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $186.56.
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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