AQR Capital Management LLC decreased its position in shares of MSCI Inc (NYSE:MSCI) by 16.2% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 736,152 shares of the technology company’s stock after selling 141,858 shares during the period. AQR Capital Management LLC owned 0.81% of MSCI worth $71,547,000 at the end of the most recent reporting period.
A number of other large investors also recently modified their holdings of the stock. BlueCrest Capital Management Ltd acquired a new stake in shares of MSCI during the first quarter valued at $289,000. Soros Fund Management LLC acquired a new stake in shares of MSCI during the first quarter valued at $272,000. Two Sigma Securities LLC acquired a new stake in shares of MSCI during the first quarter valued at $203,000. Weiss Multi Strategy Advisers LLC acquired a new stake in shares of MSCI during the first quarter valued at $1,945,000. Finally, BlueMar Capital Management LLC acquired a new stake in shares of MSCI during the first quarter valued at $781,000. 98.76% of the stock is currently owned by institutional investors.
Shares of MSCI Inc (MSCI) traded down 2.44% on Tuesday, hitting $103.58. The stock had a trading volume of 628,457 shares. MSCI Inc has a 52-week low of $71.51 and a 52-week high of $109.29. The firm has a market cap of $9.37 billion, a PE ratio of 35.70 and a beta of 1.00. The firm’s 50-day moving average price is $101.27 and its 200 day moving average price is $92.81.
MSCI (NYSE:MSCI) last released its quarterly earnings results on Thursday, May 4th. The technology company reported $0.88 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.85 by $0.03. The firm had revenue of $301.21 million for the quarter, compared to the consensus estimate of $303.88 million. MSCI had a return on equity of 72.33% and a net margin of 23.31%. The firm’s quarterly revenue was up 8.0% compared to the same quarter last year. During the same quarter last year, the business posted $0.68 EPS. On average, equities research analysts predict that MSCI Inc will post $3.63 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Wednesday, May 31st. Investors of record on Friday, May 19th were paid a dividend of $0.28 per share. The ex-dividend date of this dividend was Wednesday, May 17th. This represents a $1.12 dividend on an annualized basis and a yield of 1.08%. MSCI’s dividend payout ratio is presently 38.62%.
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MSCI has been the subject of several recent analyst reports. Zacks Investment Research downgraded MSCI from a “buy” rating to a “hold” rating in a report on Saturday, March 11th. Cantor Fitzgerald reissued a “buy” rating and issued a $100.00 price target on shares of MSCI in a report on Friday, May 5th. Credit Suisse Group lowered their price target on MSCI from $105.00 to $94.00 and set an “outperform” rating for the company in a report on Friday, May 5th. Finally, Morgan Stanley raised their price target on MSCI from $93.00 to $98.00 and gave the stock an “equal weight” rating in a report on Monday, May 8th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $95.20.
In other MSCI news, COO Cd Baer Pettit sold 2,083 shares of MSCI stock in a transaction that occurred on Monday, June 5th. The stock was sold at an average price of $103.97, for a total value of $216,569.51. Following the transaction, the chief operating officer now directly owns 182,432 shares in the company, valued at approximately $18,967,455.04. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders have sold a total of 6,249 shares of company stock worth $627,004 in the last 90 days. 2.26% of the stock is currently owned by company insiders.
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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