Robeco Institutional Asset Management B.V. Acquires 50,755 Shares of MSCI Inc (MSCI)
Robeco Institutional Asset Management B.V. raised its stake in shares of MSCI Inc (NYSE:MSCI) by 154.9% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 83,517 shares of the technology company’s stock after buying an additional 50,755 shares during the period. Robeco Institutional Asset Management B.V. owned approximately 0.09% of MSCI worth $8,602,000 at the end of the most recent reporting period.
Other large investors have also bought and sold shares of the company. Penserra Capital Management LLC bought a new position in MSCI during the second quarter valued at $101,000. Van ECK Associates Corp increased its position in MSCI by 6.8% in the first quarter. Van ECK Associates Corp now owns 1,494 shares of the technology company’s stock valued at $145,000 after buying an additional 95 shares during the period. OLD Mutual Customised Solutions Proprietary Ltd. increased its position in MSCI by 115.0% in the first quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 1,505 shares of the technology company’s stock valued at $146,000 after buying an additional 805 shares during the period. Pacer Advisors Inc. increased its position in MSCI by 2.9% in the first quarter. Pacer Advisors Inc. now owns 1,639 shares of the technology company’s stock valued at $159,000 after buying an additional 46 shares during the period. Finally, Copper Rock Capital Partners LLC increased its position in MSCI by 309.1% in the second quarter. Copper Rock Capital Partners LLC now owns 2,078 shares of the technology company’s stock valued at $164,000 after buying an additional 1,570 shares during the period. 94.44% of the stock is currently owned by institutional investors.
MSCI Inc (NYSE MSCI) opened at 112.99 on Thursday. The stock has a market cap of $10.18 billion, a PE ratio of 36.59 and a beta of 1.04. MSCI Inc has a 52-week low of $76.52 and a 52-week high of $114.78. The company’s 50 day moving average is $109.12 and its 200-day moving average is $101.41.
MSCI (NYSE:MSCI) last issued its quarterly earnings data on Thursday, August 3rd. The technology company reported $0.95 earnings per share for the quarter, beating the consensus estimate of $0.90 by $0.05. MSCI had a net margin of 24.01% and a return on equity of 87.11%. The firm had revenue of $316.08 million for the quarter, compared to analyst estimates of $314.03 million. During the same quarter last year, the firm earned $0.77 earnings per share. The company’s revenue for the quarter was up 8.8% on a year-over-year basis. On average, equities analysts anticipate that MSCI Inc will post $3.80 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, August 31st. Stockholders of record on Friday, August 18th will be given a $0.38 dividend. This is a positive change from MSCI’s previous quarterly dividend of $0.28. The ex-dividend date is Wednesday, August 16th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 1.35%. MSCI’s dividend payout ratio (DPR) is currently 49.03%.
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Several research analysts recently weighed in on the stock. UBS AG restated a “buy” rating and set a $114.00 price target (up previously from $99.00) on shares of MSCI in a research report on Friday, May 5th. BidaskClub upgraded shares of MSCI from a “buy” rating to a “strong-buy” rating in a research report on Thursday, July 13th. Morgan Stanley upped their price target on shares of MSCI from $97.00 to $125.00 and gave the stock an “equal weight” rating in a research report on Monday, August 7th. Zacks Investment Research upgraded shares of MSCI from a “hold” rating to a “buy” rating and set a $115.00 price objective for the company in a report on Thursday, July 6th. Finally, Cantor Fitzgerald reiterated a “buy” rating and issued a $100.00 price objective on shares of MSCI in a report on Monday, May 15th. One research 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 stock 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 on Monday, August 7th. The shares were sold at an average price of $111.16, for a total value of $231,546.28. Following the sale, the chief operating officer now owns 178,266 shares in the company, valued at $19,816,048.56. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. In the last three months, insiders sold 6,249 shares of company stock worth $663,581. 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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