ProVise Management Group LLC reduced its stake in shares of MSCI Inc (NYSE:MSCI) by 6.4% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 24,390 shares of the technology company’s stock after selling 1,680 shares during the period. ProVise Management Group LLC’s holdings in MSCI were worth $2,512,000 as of its most recent filing with the SEC.
A number of other institutional investors also recently modified their holdings of MSCI. Commerzbank Aktiengesellschaft FI boosted its position in shares of MSCI by 19.3% in the first quarter. Commerzbank Aktiengesellschaft FI now owns 5,749 shares of the technology company’s stock valued at $559,000 after buying an additional 930 shares during the period. Kornitzer Capital Management Inc. KS boosted its position in shares of MSCI by 14.5% in the first quarter. Kornitzer Capital Management Inc. KS now owns 350,836 shares of the technology company’s stock valued at $34,098,000 after buying an additional 44,471 shares during the period. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. boosted its position in shares of MSCI by 9.0% in the first quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 17,884 shares of the technology company’s stock valued at $1,738,000 after buying an additional 1,472 shares during the period. Canada Pension Plan Investment Board boosted its position in shares of MSCI by 932.6% in the first quarter. Canada Pension Plan Investment Board now owns 38,310 shares of the technology company’s stock valued at $3,723,000 after buying an additional 34,600 shares during the period. Finally, Oregon Public Employees Retirement Fund boosted its position in shares of MSCI by 0.7% in the first quarter. Oregon Public Employees Retirement Fund now owns 57,433 shares of the technology company’s stock valued at $5,582,000 after buying an additional 400 shares during the period. 95.87% of the stock is owned by institutional investors and hedge funds.
MSCI Inc (NYSE MSCI) traded down 0.40% during midday trading on Wednesday, hitting $112.52. 34,476 shares of the stock traded hands. The company has a market capitalization of $10.13 billion, a price-to-earnings ratio of 36.44 and a beta of 1.04. The stock’s 50-day moving average price is $108.14 and its 200 day moving average price is $100.95. MSCI Inc has a 52 week low of $76.52 and a 52 week high of $113.38.
MSCI (NYSE:MSCI) last released its earnings results on Thursday, August 3rd. The technology company reported $0.95 earnings per share for the quarter, topping the consensus estimate of $0.90 by $0.05. MSCI had a return on equity of 87.11% and a net margin of 24.01%. The business had revenue of $316.08 million during the quarter, compared to the consensus estimate of $314.03 million. During the same period last year, the company earned $0.77 earnings per share. The business’s revenue for the quarter was up 8.8% compared to the same quarter last year. On average, equities research analysts predict that MSCI Inc will post $3.80 EPS for the current 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 given a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a dividend yield of 1.35%. This is an increase from MSCI’s previous quarterly dividend of $0.28. The ex-dividend date of this dividend is Wednesday, August 16th. MSCI’s dividend payout ratio (DPR) is 49.03%.
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Several equities analysts have issued reports on the stock. Morgan Stanley upped their price target on shares of MSCI from $97.00 to $125.00 and gave the company an “equal weight” rating in a research report on Monday, August 7th. UBS AG upped their price target on shares of MSCI from $115.00 to $125.00 and gave the company a “buy” rating in a research report on Friday, August 4th. Barclays PLC assumed coverage on shares of MSCI in a research report on Tuesday, July 18th. They issued an “equal weight” rating and a $110.00 price target for the company. BidaskClub upgraded shares of MSCI from a “buy” rating to a “strong-buy” rating in a research report on Thursday, July 13th. Finally, Zacks Investment Research upgraded shares of MSCI from a “hold” rating to a “buy” rating and set a $115.00 price target for the company in a research report on Thursday, July 6th. One research analyst has rated the stock with a sell rating, two have issued a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the stock. The company currently 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 MSCI stock in a transaction on Monday, August 7th. The stock was sold at an average price of $111.16, for a total transaction of $231,546.28. Following the completion of the sale, the chief operating officer now directly owns 178,266 shares in the company, valued at $19,816,048.56. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Over the last quarter, insiders have sold 6,249 shares of company stock valued at $663,581. Corporate 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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