Gateway Investment Advisers LLC cut its position in shares of Msci Inc (NYSE:MSCI) by 3.8% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 87,033 shares of the technology company’s stock after selling 3,430 shares during the quarter. Gateway Investment Advisers LLC owned about 0.10% of Msci worth $17,306,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. CWM LLC boosted its holdings in Msci by 252.9% in the fourth quarter. CWM LLC now owns 247 shares of the technology company’s stock worth $36,000 after acquiring an additional 177 shares in the last quarter. Prime Capital Investment Advisors LLC bought a new stake in Msci in the fourth quarter worth $38,000. Valeo Financial Advisors LLC boosted its holdings in Msci by 865.3% in the fourth quarter. Valeo Financial Advisors LLC now owns 473 shares of the technology company’s stock worth $70,000 after acquiring an additional 424 shares in the last quarter. We Are One Seven LLC bought a new stake in Msci in the fourth quarter worth $76,000. Finally, Meeder Asset Management Inc. bought a new stake in Msci in the fourth quarter worth $92,000. Institutional investors own 93.54% of the company’s stock.
Several research firms have commented on MSCI. UBS Group boosted their target price on Msci to $234.00 and gave the stock a “buy” rating in a report on Monday. Macquarie set a $188.00 target price on Msci and gave the stock a “hold” rating in a report on Friday, March 1st. Morgan Stanley set a $184.00 target price on Msci and gave the stock a “hold” rating in a report on Friday, March 1st. Zacks Investment Research raised Msci from a “hold” rating to a “buy” rating and set a $207.00 target price on the stock in a report on Wednesday, March 13th. Finally, BMO Capital Markets set a $190.00 price target on Msci and gave the stock a “buy” rating in a research note on Saturday, February 2nd. Four analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The stock has an average rating of “Buy” and an average price target of $190.78.
Msci (NYSE:MSCI) last posted its quarterly earnings results on Thursday, January 31st. The technology company reported $1.31 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.30 by $0.01. Msci had a return on equity of 196.12% and a net margin of 35.42%. The firm had revenue of $361.69 million during the quarter, compared to analysts’ expectations of $360.95 million. As a group, research analysts anticipate that Msci Inc will post 6.07 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Friday, February 22nd were paid a $0.58 dividend. This represents a $2.32 annualized dividend and a dividend yield of 1.08%. The ex-dividend date of this dividend was Thursday, February 21st. Msci’s dividend payout ratio is currently 43.36%.
In other news, insider Scott A. Crum sold 19,000 shares of the business’s stock in a transaction on Friday, February 15th. The stock was sold at an average price of $175.14, for a total value of $3,327,660.00. Following the completion of the transaction, the insider now owns 96,999 shares in the company, valued at $16,988,404.86. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 3.10% of the stock is owned by insiders.
MSCI Inc, together with its subsidiaries, provides investment decision support tools for the clients to manage their investment processes worldwide. The company operates through four segments: Index, Analytics, ESG, and Real Estate. The Index segment primarily provides equity indexes for use 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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