Msci Inc (MSCI) Shares Sold by Andra AP fonden
Andra AP fonden lowered its stake in Msci Inc (NYSE:MSCI) by 2.7% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 36,300 shares of the technology company’s stock after selling 1,000 shares during the period. Andra AP fonden’s holdings in Msci were worth $6,005,000 at the end of the most recent quarter.
A number of other institutional investors also recently modified their holdings of the business. FMR LLC raised its stake in shares of Msci by 12.6% during the second quarter. FMR LLC now owns 8,714,865 shares of the technology company’s stock valued at $1,441,701,000 after acquiring an additional 976,018 shares during the last quarter. Massachusetts Financial Services Co. MA raised its stake in shares of Msci by 722.8% during the second quarter. Massachusetts Financial Services Co. MA now owns 1,068,039 shares of the technology company’s stock valued at $176,685,000 after acquiring an additional 938,236 shares during the last quarter. American Century Companies Inc. raised its stake in shares of Msci by 67.8% during the second quarter. American Century Companies Inc. now owns 1,737,968 shares of the technology company’s stock valued at $287,512,000 after acquiring an additional 702,241 shares during the last quarter. Legal & General Group Plc raised its stake in shares of Msci by 167.5% during the first quarter. Legal & General Group Plc now owns 425,588 shares of the technology company’s stock valued at $63,613,000 after acquiring an additional 266,468 shares during the last quarter. Finally, Marshall Wace LLP raised its stake in shares of Msci by 438.0% during the second quarter. Marshall Wace LLP now owns 301,480 shares of the technology company’s stock valued at $49,874,000 after acquiring an additional 245,441 shares during the last quarter. Hedge funds and other institutional investors own 91.21% of the company’s stock.
MSCI has been the subject of several analyst reports. Morgan Stanley set a $185.00 price target on shares of Msci and gave the company a “hold” rating in a research note on Thursday, September 13th. Wells Fargo & Co lifted their target price on shares of Msci from $170.00 to $190.00 and gave the stock an “outperform” rating in a research note on Monday, June 25th. UBS Group lifted their target price on shares of Msci from $173.00 to $187.00 and gave the stock a “buy” rating in a research note on Tuesday, June 5th. Zacks Investment Research raised shares of Msci from a “sell” rating to a “hold” rating in a research note on Tuesday, August 7th. Finally, Barclays reissued a “hold” rating and set a $175.00 target price on shares of Msci in a research note on Sunday, August 12th. Four equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $176.38.
Msci (NYSE:MSCI) last announced its earnings results on Thursday, August 2nd. The technology company reported $1.30 earnings per share for the quarter, topping analysts’ consensus estimates of $1.28 by $0.02. Msci had a net margin of 27.83% and a return on equity of 114.65%. The business had revenue of $363.05 million during the quarter, compared to the consensus estimate of $356.01 million. During the same quarter last year, the firm earned $0.95 earnings per share. Msci’s quarterly revenue was up 14.9% on a year-over-year basis. research analysts predict that Msci Inc will post 5.24 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Friday, August 31st. Investors of record on Friday, August 17th were paid a dividend of $0.58 per share. This represents a $2.32 dividend on an annualized basis and a yield of 1.32%. The ex-dividend date of this dividend was Thursday, August 16th. This is an increase from Msci’s previous quarterly dividend of $0.38. Msci’s dividend payout ratio (DPR) is currently 58.29%.
Msci Company Profile
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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