MML Investors Services LLC raised its holdings in shares of Msci Inc (NYSE:MSCI) by 4.6% in the first quarter, HoldingsChannel reports. The institutional investor owned 6,057 shares of the technology company’s stock after purchasing an additional 266 shares during the quarter. MML Investors Services LLC’s holdings in Msci were worth $1,204,000 at the end of the most recent reporting period.
A number of other large investors have also modified their holdings of MSCI. Strs Ohio boosted its stake in Msci by 142.0% in the 1st quarter. Strs Ohio now owns 33,022 shares of the technology company’s stock worth $6,566,000 after purchasing an additional 19,375 shares during the period. Fundsmith LLP acquired a new stake in shares of Msci during the 4th quarter valued at $21,266,000. AJO LP acquired a new stake in shares of Msci during the 1st quarter valued at $29,018,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its stake in shares of Msci by 2.6% during the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 4,930 shares of the technology company’s stock valued at $980,000 after buying an additional 127 shares during the period. Finally, We Are One Seven LLC boosted its stake in shares of Msci by 94.8% during the 1st quarter. We Are One Seven LLC now owns 1,017 shares of the technology company’s stock valued at $202,000 after buying an additional 495 shares during the period. Hedge funds and other institutional investors own 91.80% of the company’s stock.
MSCI has been the subject of a number of research reports. Morgan Stanley set a $184.00 target price on shares of Msci and gave the company a “hold” rating in a research note on Friday, March 1st. UBS Group lifted their target price on shares of Msci to $234.00 and gave the company a “buy” rating in a research note on Monday, April 8th. Macquarie set a $188.00 target price on shares of Msci and gave the company a “hold” rating in a research note on Friday, March 1st. Zacks Investment Research raised shares of Msci from a “hold” rating to a “buy” rating and set a $207.00 target price for the company in a research note on Wednesday, March 13th. Finally, Cantor Fitzgerald lifted their target price on shares of Msci from $188.00 to $247.00 in a research note on Friday, May 3rd. Four analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $210.00.
Msci (NYSE:MSCI) last released its quarterly earnings results on Thursday, May 2nd. The technology company reported $1.55 earnings per share for the quarter, beating analysts’ consensus estimates of $1.40 by $0.15. The business had revenue of $371.38 million for the quarter, compared to the consensus estimate of $371.48 million. Msci had a net margin of 39.27% and a return on equity of 813.48%. Msci’s revenue for the quarter was up 5.8% on a year-over-year basis. During the same quarter last year, the firm earned $1.31 EPS. On average, research analysts expect that Msci Inc will post 6.32 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Friday, May 31st. Stockholders of record on Friday, May 17th were issued a dividend of $0.58 per share. The ex-dividend date was Thursday, May 16th. This represents a $2.32 dividend on an annualized basis and a dividend yield of 0.99%. Msci’s dividend payout ratio is currently 43.36%.
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Msci Company Profile
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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