California Public Employees Retirement System cut its position in Msci Inc (NYSE:MSCI) by 8.5% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 239,895 shares of the technology company’s stock after selling 22,312 shares during the quarter. California Public Employees Retirement System owned approximately 0.27% of Msci worth $39,686,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the stock. Flagship Harbor Advisors LLC acquired a new stake in Msci in the 2nd quarter worth $114,000. Smithfield Trust Co. grew its position in Msci by 2,573.3% in the 2nd quarter. Smithfield Trust Co. now owns 802 shares of the technology company’s stock worth $133,000 after purchasing an additional 772 shares during the last quarter. Rampart Investment Management Company LLC acquired a new stake in Msci in the 2nd quarter worth $152,000. Point72 Hong Kong Ltd acquired a new stake in Msci in the 2nd quarter worth $207,000. Finally, DAVENPORT & Co LLC acquired a new stake in Msci in the 2nd quarter worth $214,000. Institutional investors and hedge funds own 91.20% of the company’s stock.

Shares of Msci stock opened at $178.04 on Tuesday. The company has a current ratio of 2.65, a quick ratio of 2.65 and a debt-to-equity ratio of 7.43. Msci Inc has a twelve month low of $114.40 and a twelve month high of $184.22. The stock has a market cap of $15.66 billion, a PE ratio of 44.73, a price-to-earnings-growth ratio of 3.36 and a beta of 0.89.

Msci (NYSE:MSCI) last issued its earnings results on Thursday, August 2nd. The technology company reported $1.30 earnings per share for the quarter, beating the consensus estimate 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 for the quarter, compared to analyst estimates of $356.01 million. During the same period in the previous year, the business earned $0.95 EPS. The firm’s revenue was up 14.9% on a year-over-year basis. research analysts forecast that Msci Inc will post 5.24 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Friday, August 31st. Stockholders of record on Friday, August 17th were given a dividend of $0.58 per share. This is a positive change from Msci’s previous quarterly dividend of $0.38. This represents a $2.32 annualized dividend and a dividend yield of 1.30%. The ex-dividend date was Thursday, August 16th. Msci’s payout ratio is 58.29%.

Several analysts have issued reports on MSCI shares. Morgan Stanley raised their price target on shares of Msci from $160.00 to $168.00 and gave the stock a “$171.53” rating in a research report on Wednesday, July 18th. BMO Capital Markets started coverage on shares of Msci in a research report on Wednesday, July 25th. They issued an “outperform” rating and a $198.00 price target on the stock. Zacks Investment Research lowered shares of Msci from a “hold” rating to a “sell” rating in a research report on Wednesday, July 4th. Northcoast Research reiterated a “neutral” rating on shares of Msci in a research report on Tuesday, June 26th. Finally, Cantor Fitzgerald lifted their target price on shares of Msci to $192.00 and gave the company an “overweight” rating in a research report on Friday, August 3rd. Four investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Msci presently has an average rating of “Buy” and an average target price of $176.38.

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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Institutional Ownership by Quarter for Msci (NYSE:MSCI)

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