2 weeks Ago By ABMN Staff
Scientech Research LLC boosted its holdings in shares of MSCI Inc. ( NYSE:MSCI – Free Report ) by 188.3% during the second quarter, Holdings Channel reports.
The firm owned 2,249 shares of the technology company’s stock after acquiring an additional 1,469 shares during the quarter. Scientech Research LLC’s holdings in MSCI were worth $1,083,000 at the end of the most recent quarter. Other hedge funds and other institutional investors have also bought and sold shares of the company.
Principal Financial Group Inc. raised its holdings in shares of MSCI by 74.9% during the second quarter.
Principal Financial Group Inc. now owns 1,456,194 shares of the technology company’s stock valued at $701,522,000 after acquiring an additional 623,712 shares in the last quarter. PineStone Asset Management Inc.
increased its position in MSCI by 129.4% during the 2nd quarter. PineStone Asset Management Inc.
now owns 730,986 shares of the technology company’s stock valued at $352,153,000 after purchasing an additional 412,389 shares during the period. Public Employees Retirement Association of Colorado raised its holdings in MSCI by 3,600.0% in the 4th quarter.
Public Employees Retirement Association of Colorado now owns 253,636 shares of the technology company’s stock worth $143,469,000 after purchasing an additional 246,781 shares in the last quarter. Findlay Park Partners LLP purchased a new stake in shares of MSCI in the 1st quarter worth about $114,836,000. Finally, Manning & Napier Advisors LLC bought a new stake in shares of MSCI during the 2nd quarter valued at about $91,748,000.
Institutional investors own 89.97% of the company’s stock. Analyst Upgrades and Downgrades MSCI has been the subject of a number of research reports.
Morgan Stanley increased their price target on shares of MSCI from $615.00 to $640.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 24th.
Argus increased their target price on MSCI from $520.00 to $600.00 and gave the stock a “buy” rating in a research report on Friday, July 26th.
UBS Group lifted their price target on MSCI from $575.00 to $585.00 and gave the company a “buy” rating in a research report on Tuesday, July 9th.
Royal Bank of Canada reaffirmed an “outperform” rating and issued a $638.00 price target on shares of MSCI in a research note on Wednesday, July 24th. Finally, Barclays raised their price objective on MSCI from $650.
00 to $700.00 and gave the company an “overweight” rating in a research report on Friday, September 13th. Seven equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock.
Based on data from MarketBeat, MSCI presently has a consensus rating of “Moderate Buy” and an average price target of $591.00. MSCI Price Performance Shares of MSCI stock opened at $576.
10 on Friday. The stock has a market cap of $45.64 billion, a price-to-earnings ratio of 39.
32, a PEG ratio of 2.98 and a beta of 1.11.
MSCI Inc. has a 1 year low of $439.95 and a 1 year high of $617.
39. The firm’s 50-day moving average is $553.76 and its 200 day moving average is $522.
22. MSCI ( NYSE:MSCI – Get Free Report ) last issued its earnings results on Tuesday, July 23rd. The technology company reported $3.
64 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.55 by $0.09.
The firm had revenue of $707.90 million for the quarter, compared to the consensus estimate of $696.41 million.
MSCI had a net margin of 43.86% and a negative return on equity of 143.09%.
The business’s revenue was up 14.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $3.
26 earnings per share. On average, equities analysts expect that MSCI Inc. will post 14.
79 EPS for the current fiscal year. MSCI Dividend Announcement The firm also recently announced a quarterly dividend, which was paid on Friday, August 30th. Shareholders of record on Friday, August 16th were paid a dividend of $1.
60 per share. The ex-dividend date of this dividend was Friday, August 16th. This represents a $6.
40 annualized dividend and a yield of 1.11%. MSCI’s dividend payout ratio is 43.
69%. About MSCI ( Free Report ) MSCI Inc, together with its subsidiaries, provides critical decision support tools and solutions for the investment community to manage investment processes worldwide. The Index segment provides indexes for use in various areas of the investment process, including indexed financial product, such as ETFs, mutual funds, annuities, futures, options, structured products, and over-the-counter derivatives; performance benchmarking; portfolio construction and rebalancing; and asset allocation, as well as licenses GICS and GICS Direct.
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