United Capital Financial Advisers LLC grew its holdings in shares of Msci Inc (NYSE:MSCI) by 65.4% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 45,844 shares of the technology company’s stock after purchasing an additional 18,121 shares during the period. United Capital Financial Advisers LLC owned approximately 0.05% of Msci worth $10,947,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in MSCI. Profund Advisors LLC grew its holdings in shares of Msci by 36.8% in the 2nd quarter. Profund Advisors LLC now owns 2,220 shares of the technology company’s stock worth $530,000 after acquiring an additional 597 shares during the period. APG Asset Management N.V. grew its holdings in shares of Msci by 330.2% in the 2nd quarter. APG Asset Management N.V. now owns 88,200 shares of the technology company’s stock worth $18,494,000 after acquiring an additional 67,700 shares during the period. Natixis grew its holdings in shares of Msci by 516.2% in the 2nd quarter. Natixis now owns 210,978 shares of the technology company’s stock worth $50,379,000 after acquiring an additional 176,739 shares during the period. Ossiam acquired a new stake in shares of Msci in the 2nd quarter worth approximately $59,000. Finally, Seeyond grew its holdings in shares of Msci by 114.2% in the 2nd quarter. Seeyond now owns 3,280 shares of the technology company’s stock worth $783,000 after acquiring an additional 1,749 shares during the period. Institutional investors own 92.03% of the company’s stock.
A number of equities research analysts recently weighed in on MSCI shares. UBS Group cut Msci from a “buy” rating to a “neutral” rating and upped their price target for the stock from $234.00 to $258.00 in a report on Monday, July 8th. Morgan Stanley upped their price target on Msci from $223.00 to $240.00 and gave the stock an “equal weight” rating in a report on Friday, July 19th. Finally, TheStreet upgraded Msci from a “c+” rating to a “b-” rating in a report on Monday, September 9th. Four analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Msci has a consensus rating of “Buy” and an average target price of $217.63.
Shares of MSCI traded down $2.75 on Friday, reaching $229.64. The stock had a trading volume of 542,520 shares, compared to its average volume of 539,708. The firm has a 50-day moving average of $229.14 and a 200 day moving average of $221.25. The firm has a market capitalization of $19.68 billion, a PE ratio of 42.92, a PEG ratio of 3.68 and a beta of 1.13. Msci Inc has a twelve month low of $134.28 and a twelve month high of $247.57.
Msci (NYSE:MSCI) last announced its earnings results on Thursday, August 1st. The technology company reported $1.54 EPS for the quarter, beating analysts’ consensus estimates of $1.51 by $0.03. The firm had revenue of $385.56 million for the quarter, compared to analysts’ expectations of $382.81 million. Msci had a negative return on equity of 599.92% and a net margin of 39.27%. Msci’s quarterly revenue was up 6.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.30 EPS. As a group, equities analysts anticipate that Msci Inc will post 6.31 EPS for the current year.
The business also recently announced a quarterly dividend, which was paid on Friday, August 30th. Shareholders of record on Friday, August 16th were issued a dividend of $0.68 per share. This represents a $2.72 dividend on an annualized basis and a yield of 1.18%. The ex-dividend date of this dividend was Thursday, August 15th. This is a boost from Msci’s previous quarterly dividend of $0.58. Msci’s dividend payout ratio is 50.84%.
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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