Parametric Portfolio Associates LLC grew its stake in MSCI Inc (NYSE:MSCI) by 27.9% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 700,056 shares of the technology company’s stock after acquiring an additional 152,644 shares during the quarter. Parametric Portfolio Associates LLC owned about 0.78% of MSCI worth $81,837,000 at the end of the most recent quarter.
Other large investors also recently made changes to their positions in the company. Vanguard Group Inc. grew its stake in MSCI by 1.4% during the 2nd quarter. Vanguard Group Inc. now owns 8,741,917 shares of the technology company’s stock worth $900,330,000 after buying an additional 121,542 shares during the last quarter. Janus Henderson Group PLC grew its stake in MSCI by 41,366.8% during the 2nd quarter. Janus Henderson Group PLC now owns 3,794,624 shares of the technology company’s stock worth $390,808,000 after buying an additional 3,785,473 shares during the last quarter. Fiera Capital Corp grew its stake in MSCI by 11.1% during the 2nd quarter. Fiera Capital Corp now owns 3,750,145 shares of the technology company’s stock worth $386,228,000 after buying an additional 375,333 shares during the last quarter. Findlay Park Partners LLP grew its stake in MSCI by 89.3% during the 2nd quarter. Findlay Park Partners LLP now owns 1,685,489 shares of the technology company’s stock worth $173,589,000 after buying an additional 795,000 shares during the last quarter. Finally, JPMorgan Chase & Co. grew its stake in MSCI by 12.7% during the 2nd quarter. JPMorgan Chase & Co. now owns 1,147,347 shares of the technology company’s stock worth $118,165,000 after buying an additional 129,131 shares during the last quarter. Institutional investors and hedge funds own 92.83% of the company’s stock.
In other MSCI news, COO Cd Baer Pettit sold 2,083 shares of MSCI stock in a transaction dated Monday, October 9th. The stock was sold at an average price of $121.26, for a total transaction of $252,584.58. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 2.26% of the company’s stock.
MSCI (NYSE:MSCI) last issued its quarterly earnings results on Thursday, November 2nd. The technology company reported $1.00 EPS for the quarter, topping the Zacks’ consensus estimate of $0.97 by $0.03. MSCI had a return on equity of 106.15% and a net margin of 24.97%. The company had revenue of $322.10 million during the quarter, compared to analysts’ expectations of $322.96 million. During the same quarter in the previous year, the firm posted $0.77 EPS. The firm’s revenue was up 11.7% compared to the same quarter last year. equities analysts forecast that MSCI Inc will post 3.82 earnings per share for the current year.
The company also recently declared a quarterly dividend, which was paid on Thursday, November 30th. Shareholders of record on Friday, November 17th were given a dividend of $0.38 per share. The ex-dividend date of this dividend was Thursday, November 16th. This represents a $1.52 dividend on an annualized basis and a yield of 1.19%. MSCI’s dividend payout ratio is currently 45.37%.
Several brokerages recently weighed in on MSCI. UBS boosted their target price on MSCI from $125.00 to $141.00 and gave the stock a “buy” rating in a research note on Friday, November 3rd. Zacks Investment Research downgraded MSCI from a “buy” rating to a “hold” rating in a research note on Tuesday, November 7th. Cantor Fitzgerald restated a “buy” rating and set a $126.00 target price on shares of MSCI in a research note on Thursday, November 2nd. Morgan Stanley boosted their target price on MSCI from $129.00 to $130.00 and gave the stock an “equal weight” rating in a research note on Friday, November 3rd. Finally, BidaskClub cut MSCI from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, November 1st. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $127.17.
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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