Seeyond Increases Stock Holdings in Msci Inc (NYSE:MSCI)

Seeyond raised its stake in Msci Inc (NYSE:MSCI) by 114.2% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 3,280 shares of the technology company’s stock after purchasing an additional 1,749 shares during the quarter. Seeyond’s holdings in Msci were worth $783,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in MSCI. Commonwealth Bank of Australia lifted its holdings in shares of Msci by 32.0% in the 2nd quarter. Commonwealth Bank of Australia now owns 231 shares of the technology company’s stock valued at $53,000 after buying an additional 56 shares during the period. PFG Advisors raised its holdings in Msci by 1.0% during the second quarter. PFG Advisors now owns 5,900 shares of the technology company’s stock worth $1,400,000 after purchasing an additional 60 shares during the last quarter. Keybank National Association OH raised its holdings in Msci by 4.5% during the first quarter. Keybank National Association OH now owns 1,570 shares of the technology company’s stock worth $312,000 after purchasing an additional 68 shares during the last quarter. Flagship Harbor Advisors LLC raised its holdings in Msci by 14.0% during the second quarter. Flagship Harbor Advisors LLC now owns 562 shares of the technology company’s stock worth $134,000 after purchasing an additional 69 shares during the last quarter. Finally, World Asset Management Inc raised its holdings in Msci by 1.2% during the second quarter. World Asset Management Inc now owns 5,889 shares of the technology company’s stock worth $1,406,000 after purchasing an additional 72 shares during the last quarter. Institutional investors own 92.03% of the company’s stock.

Msci stock traded down $5.43 during mid-day trading on Friday, hitting $226.96. 215,889 shares of the company were exchanged, compared to its average volume of 510,556. The business’s 50 day simple moving average is $229.25 and its two-hundred day simple moving average is $221.00. The company has a market capitalization of $19.35 billion, a P/E ratio of 42.42, a PEG ratio of 3.62 and a beta of 1.13. Msci Inc has a 12-month low of $134.28 and a 12-month high of $247.57.

Msci (NYSE:MSCI) last released its quarterly earnings results on Thursday, August 1st. The technology company reported $1.54 earnings per share for the quarter, topping the consensus estimate of $1.51 by $0.03. The company had revenue of $385.56 million during the quarter, compared to the consensus estimate of $382.81 million. Msci had a negative return on equity of 599.92% and a net margin of 39.27%. Msci’s revenue was up 6.2% compared to the same quarter last year. During the same quarter last year, the business posted $1.30 earnings per share. Analysts forecast that Msci Inc will post 6.31 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Friday, August 30th. Shareholders of record on Friday, August 16th were given a dividend of $0.68 per share. This is an increase from Msci’s previous quarterly dividend of $0.58. The ex-dividend date of this dividend was Thursday, August 15th. This represents a $2.72 annualized dividend and a yield of 1.20%. Msci’s dividend payout ratio (DPR) is presently 50.84%.

Several equities analysts recently issued reports on the company. Morgan Stanley lifted their price objective on Msci from $223.00 to $240.00 and gave the stock an “equal weight” rating in a report on Friday, July 19th. UBS Group cut Msci from a “buy” rating to a “neutral” rating and lifted their price objective for the stock from $234.00 to $258.00 in a report on Monday, July 8th. Finally, TheStreet raised Msci from a “c+” rating to a “b-” rating in a report on Monday. Four research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $217.63.

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.

Recommended Story: How prevalent are 12b-1 fees?

Institutional Ownership by Quarter for Msci (NYSE:MSCI)

Receive News & Ratings for Msci Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Msci and related companies with MarketBeat.com's FREE daily email newsletter.