MSCI Inc (MSCI) Shares Bought by Legal & General Group Plc
Legal & General Group Plc increased its holdings in MSCI Inc (NYSE:MSCI) by 10.5% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 158,718 shares of the technology company’s stock after acquiring an additional 15,076 shares during the quarter. Legal & General Group Plc owned about 0.18% of MSCI worth $18,554,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds have also made changes to their positions in MSCI. Prudential Financial Inc. lifted its position in MSCI by 9.2% during the third quarter. Prudential Financial Inc. now owns 512,698 shares of the technology company’s stock valued at $59,934,000 after buying an additional 43,380 shares during the period. Oakbrook Investments LLC lifted its position in MSCI by 18.6% during the third quarter. Oakbrook Investments LLC now owns 7,985 shares of the technology company’s stock valued at $933,000 after buying an additional 1,250 shares during the period. Nationwide Fund Advisors lifted its position in MSCI by 68.6% during the second quarter. Nationwide Fund Advisors now owns 400,163 shares of the technology company’s stock valued at $41,213,000 after buying an additional 162,774 shares during the period. Capital Fund Management S.A. lifted its position in MSCI by 855.7% during the second quarter. Capital Fund Management S.A. now owns 150,481 shares of the technology company’s stock valued at $15,498,000 after buying an additional 134,735 shares during the period. Finally, Birinyi Associates Inc. raised its position in shares of MSCI by 18.2% in the 2nd quarter. Birinyi Associates Inc. now owns 3,250 shares of the technology company’s stock worth $335,000 after purchasing an additional 500 shares during the last quarter. 92.83% of the stock is owned by institutional investors.
In related news, COO Cd Baer Pettit sold 2,083 shares of MSCI stock in a transaction dated Monday, October 9th. The stock was sold at an average price of $121.26, for a total value of $252,584.58. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 2.26% of the stock is currently owned by company insiders.
Several research firms have recently issued reports on MSCI. Zacks Investment Research lowered MSCI from a “buy” rating to a “hold” rating in a research report on Tuesday, November 7th. UBS lifted their price target on MSCI from $125.00 to $141.00 and gave the stock a “buy” rating in a research report on Friday, November 3rd. Morgan Stanley lifted their price target on MSCI from $129.00 to $130.00 and gave the stock an “equal weight” rating in a research report on Friday, November 3rd. Credit Suisse Group lifted their price target on MSCI from $120.00 to $141.00 and gave the stock an “outperform” rating in a research report on Friday, November 3rd. Finally, Cantor Fitzgerald reaffirmed a “buy” rating and issued a $126.00 price target on shares of MSCI in a research report on Thursday, November 2nd. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. MSCI presently has a consensus rating of “Buy” and an average price target of $127.17.
MSCI Inc (NYSE:MSCI) traded down $0.50 on Monday, hitting $127.71. The stock had a trading volume of 324,800 shares, compared to its average volume of 502,725. The company has a current ratio of 2.05, a quick ratio of 2.05 and a debt-to-equity ratio of 5.77. The stock has a market cap of $11,502.69, a price-to-earnings ratio of 35.08, a PEG ratio of 3.34 and a beta of 0.89. MSCI Inc has a 12-month low of $77.75 and a 12-month high of $130.58.
MSCI (NYSE:MSCI) last released its quarterly earnings data on Thursday, November 2nd. The technology company reported $1.00 EPS for the quarter, topping the consensus estimate of $0.97 by $0.03. MSCI had a return on equity of 106.15% and a net margin of 24.97%. The company had revenue of $322.10 million during the quarter, compared to the consensus estimate of $322.96 million. During the same period last year, the company earned $0.77 EPS. MSCI’s revenue for the quarter was up 11.7% on a year-over-year basis. equities analysts anticipate that MSCI Inc will post 3.82 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, November 30th. Investors of record on Friday, November 17th were issued a $0.38 dividend. The ex-dividend date was Thursday, November 16th. This represents a $1.52 annualized dividend and a yield of 1.19%. MSCI’s payout ratio is 45.37%.
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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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