Fiera Capital Corp grew its stake in shares of MSCI Inc (NYSE:MSCI) by 11.1% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 3,750,145 shares of the technology company’s stock after purchasing an additional 375,333 shares during the period. MSCI makes up 1.9% of Fiera Capital Corp’s investment portfolio, making the stock its 12th biggest holding. Fiera Capital Corp owned about 4.16% of MSCI worth $386,228,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Vanguard Group Inc. raised its holdings in shares of MSCI by 2.1% during the first quarter. Vanguard Group Inc. now owns 8,620,375 shares of the technology company’s stock valued at $837,814,000 after purchasing an additional 174,154 shares during the period. BlackRock Inc. raised its holdings in shares of MSCI by 5,307.1% during the first quarter. BlackRock Inc. now owns 8,220,286 shares of the technology company’s stock valued at $798,929,000 after purchasing an additional 8,068,258 shares during the period. Morgan Stanley raised its holdings in shares of MSCI by 5.0% during the first quarter. Morgan Stanley now owns 3,360,760 shares of the technology company’s stock valued at $326,631,000 after purchasing an additional 160,690 shares during the period. JPMorgan Chase & Co. raised its holdings in shares of MSCI by 12.7% during the second quarter. JPMorgan Chase & Co. now owns 1,147,347 shares of the technology company’s stock valued at $118,165,000 after purchasing an additional 129,131 shares during the period. Finally, Principal Financial Group Inc. raised its holdings in shares of MSCI by 1.6% during the second quarter. Principal Financial Group Inc. now owns 935,695 shares of the technology company’s stock valued at $96,367,000 after purchasing an additional 14,911 shares during the period. Hedge funds and other institutional investors own 94.46% of the company’s stock.
In related news, COO Cd Baer Pettit sold 2,083 shares of the business’s stock in a transaction dated Monday, August 7th. The shares were sold at an average price of $111.16, for a total transaction of $231,546.28. Following the sale, the chief operating officer now owns 178,266 shares of the company’s stock, valued at $19,816,048.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders have sold 6,249 shares of company stock worth $686,890 in the last three months. 2.26% of the stock is currently owned by insiders.
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A number of equities research analysts recently weighed in on MSCI shares. UBS AG upped their target price on shares of MSCI from $115.00 to $125.00 and gave the stock a “buy” rating in a report on Friday, August 4th. Morgan Stanley upped their target price on shares of MSCI from $97.00 to $125.00 and gave the stock an “equal weight” rating in a report on Monday, August 7th. Barclays PLC started coverage on shares of MSCI in a report on Tuesday, July 18th. They issued an “equal weight” rating and a $110.00 target price on the stock. BidaskClub upgraded shares of MSCI from a “buy” rating to a “strong-buy” rating in a 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 target price on the stock in a report on Thursday, July 6th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. MSCI presently has a consensus rating of “Buy” and a consensus price target of $106.29.
MSCI Inc (MSCI) traded up 0.89% during midday trading on Tuesday, hitting $116.80. 146,405 shares of the company were exchanged. The firm has a market capitalization of $10.52 billion, a PE ratio of 37.82 and a beta of 1.03. MSCI Inc has a 1-year low of $76.52 and a 1-year high of $117.39. The stock has a 50 day moving average of $111.34 and a 200 day moving average of $102.92.
MSCI (NYSE:MSCI) last posted its quarterly earnings data on Thursday, August 3rd. The technology company reported $0.95 EPS for the quarter, topping 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 business had revenue of $316.08 million for the quarter, compared to analyst estimates of $314.03 million. During the same quarter in the previous year, the firm posted $0.77 earnings per share. MSCI’s quarterly revenue was up 8.8% on a year-over-year basis. On average, equities analysts predict that MSCI Inc will post $3.80 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 31st. Investors of record on Friday, August 18th were paid a dividend of $0.38 per share. The ex-dividend date was Wednesday, August 16th. This represents a $1.52 annualized dividend and a yield of 1.31%. This is a positive change from MSCI’s previous quarterly dividend of $0.28. MSCI’s payout ratio is presently 49.03%.
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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