MSCI Inc (MSCI) Shares Bought by Public Employees Retirement Association of Colorado
Public Employees Retirement Association of Colorado increased its position in MSCI Inc (NYSE:MSCI) by 0.4% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 18,289 shares of the technology company’s stock after buying an additional 64 shares during the period. Public Employees Retirement Association of Colorado’s holdings in MSCI were worth $1,884,000 as of its most recent filing with the SEC.
Other hedge funds also recently modified their holdings of the company. BlackRock Inc. raised its stake in shares of MSCI by 5,307.1% in the first quarter. BlackRock Inc. now owns 8,220,286 shares of the technology company’s stock worth $798,929,000 after buying an additional 8,068,258 shares in the last quarter. Findlay Park Partners LLP raised its stake in shares of MSCI by 322.5% in the first quarter. Findlay Park Partners LLP now owns 890,489 shares of the technology company’s stock worth $86,547,000 after buying an additional 679,729 shares in the last quarter. Renaissance Technologies LLC raised its stake in shares of MSCI by 675.7% in the first quarter. Renaissance Technologies LLC now owns 246,821 shares of the technology company’s stock worth $23,989,000 after buying an additional 215,000 shares in the last quarter. Vanguard Group Inc. raised its stake in shares of MSCI by 2.1% in the first quarter. Vanguard Group Inc. now owns 8,620,375 shares of the technology company’s stock worth $837,814,000 after buying an additional 174,154 shares in the last quarter. Finally, Ameriprise Financial Inc. raised its stake in shares of MSCI by 28.5% in the first quarter. Ameriprise Financial Inc. now owns 762,930 shares of the technology company’s stock worth $74,148,000 after buying an additional 169,058 shares in the last quarter. 95.18% of the stock is owned by institutional investors.
Shares of MSCI Inc (MSCI) opened at 107.26 on Friday. MSCI Inc has a 12-month low of $76.52 and a 12-month high of $113.38. The company has a market capitalization of $9.66 billion, a P/E ratio of 34.73 and a beta of 1.04. The company has a 50 day moving average of $106.89 and a 200-day moving average of $99.37.
MSCI (NYSE:MSCI) last issued 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 for the quarter, compared to analyst estimates of $314.03 million. MSCI had a net margin of 24.01% and a return on equity of 87.11%. The company’s revenue for the quarter was up 8.8% on a year-over-year basis. During the same quarter last year, the firm earned $0.77 EPS. On average, equities analysts anticipate that MSCI Inc will post $3.80 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, August 31st. Stockholders of record on Friday, August 18th will be paid a $0.38 dividend. This represents a $1.52 annualized dividend and a dividend yield of 1.42%. The ex-dividend date of this dividend is Wednesday, August 16th. This is a positive change from MSCI’s previous quarterly dividend of $0.28. MSCI’s dividend payout ratio (DPR) is 36.13%.
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A number of analysts recently commented on the stock. Zacks Investment Research downgraded shares of MSCI from a “buy” rating to a “hold” rating in a report on Thursday, April 13th. Credit Suisse Group dropped their target price on shares of MSCI from $105.00 to $94.00 and set an “outperform” rating on the stock in a report on Friday, May 5th. Cantor Fitzgerald reiterated a “buy” rating and issued a $100.00 target price on shares of MSCI in a report on Friday, May 5th. BidaskClub downgraded shares of MSCI from a “strong-buy” rating to a “buy” rating in a report on Thursday, June 22nd. Finally, Morgan Stanley boosted their target price on shares of MSCI from $93.00 to $98.00 and gave the stock an “equal weight” rating in a report on Monday, May 8th. One analyst has rated the stock with a sell rating, two have given a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $106.29.
In other news, COO Cd Baer Pettit sold 2,083 shares of the firm’s stock in a transaction dated Monday, July 3rd. The shares were sold at an average price of $103.44, for a total value of $215,465.52. Following the transaction, the chief operating officer now owns 180,349 shares of the company’s stock, valued at approximately $18,655,300.56. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders sold a total of 6,249 shares of company stock worth $663,581 in the last ninety days. Insiders own 2.26% of the company’s stock.
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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