BlackRock Inc. lowered its stake in shares of MSCI Inc (NYSE:MSCI) by 0.4% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 8,187,121 shares of the technology company’s stock after selling 33,165 shares during the period. BlackRock Inc. owned 9.09% of MSCI worth $843,190,000 at the end of the most recent quarter.
Other institutional investors also recently made changes to their positions in the company. Penserra Capital Management LLC bought a new stake in MSCI in the 2nd quarter valued at $101,000. Van ECK Associates Corp raised its stake in MSCI by 6.8% in the 1st quarter. Van ECK Associates Corp now owns 1,494 shares of the technology company’s stock valued at $145,000 after acquiring an additional 95 shares during the period. OLD Mutual Customised Solutions Proprietary Ltd. raised its stake in MSCI by 115.0% in the 1st quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 1,505 shares of the technology company’s stock valued at $146,000 after acquiring an additional 805 shares during the period. Pacer Advisors Inc. raised its stake in MSCI by 2.9% in the 1st quarter. Pacer Advisors Inc. now owns 1,639 shares of the technology company’s stock valued at $159,000 after acquiring an additional 46 shares during the period. Finally, Advisor Partners LLC bought a new stake in MSCI in the 2nd quarter valued at $211,000. Institutional investors own 94.59% of the company’s stock.
In related news, COO Cd Baer Pettit sold 2,083 shares of the business’s 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 sale, the chief operating officer now directly owns 178,266 shares in the company, valued at approximately $19,816,048.56. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Over the last quarter, insiders have sold 6,249 shares of company stock worth $686,890. 2.26% of the stock is currently owned by corporate insiders.
A number of equities research analysts recently weighed in on the company. BidaskClub upgraded MSCI from a “buy” rating to a “strong-buy” rating in a research note on Thursday, July 13th. Morgan Stanley increased their price target on MSCI from $97.00 to $125.00 and gave the company an “equal weight” rating in a research note on Monday, August 7th. Zacks Investment Research upgraded MSCI from a “hold” rating to a “buy” rating and set a $115.00 price target on the stock in a research note on Thursday, July 6th. UBS AG increased their price target on MSCI from $115.00 to $125.00 and gave the company a “buy” rating in a research note on Friday, August 4th. Finally, Barclays PLC assumed coverage on MSCI in a research note on Tuesday, July 18th. They issued an “equal weight” rating and a $110.00 price target on the stock. One equities 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 assigned a strong buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $106.29.
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Shares of MSCI Inc (MSCI) opened at 113.81 on Wednesday. The firm has a market capitalization of $10.25 billion, a price-to-earnings ratio of 36.86 and a beta of 1.03. MSCI Inc has a 12-month low of $76.52 and a 12-month high of $118.06. The stock’s 50 day moving average price is $112.24 and its 200 day moving average price is $103.84.
MSCI (NYSE:MSCI) last released its quarterly earnings data on Thursday, August 3rd. The technology company reported $0.95 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.90 by $0.05. MSCI had a return on equity of 87.11% and a net margin of 24.01%. The company had revenue of $316.08 million for the quarter, compared to analyst estimates of $314.03 million. During the same period in the previous year, the company posted $0.77 EPS. The firm’s revenue for the quarter was up 8.8% compared to the same quarter last year. Equities research analysts expect that MSCI Inc will post $3.80 earnings per share for the current year.
The business 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. This represents a $1.52 dividend on an annualized basis and a dividend yield of 1.34%. This is a positive change from MSCI’s previous quarterly dividend of $0.28. The ex-dividend date was Wednesday, August 16th. 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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