Profund Advisors LLC Grows Stake in Msci Inc (NYSE:MSCI)

Profund Advisors LLC grew its holdings in Msci Inc (NYSE:MSCI) by 36.8% in the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 2,220 shares of the technology company’s stock after buying an additional 597 shares during the quarter. Profund Advisors LLC’s holdings in Msci were worth $530,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Commonwealth Bank of Australia increased its stake in shares of Msci by 32.0% during the second quarter. Commonwealth Bank of Australia now owns 231 shares of the technology company’s stock worth $53,000 after acquiring an additional 56 shares during the period. PFG Advisors increased its stake in shares of 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 acquiring an additional 60 shares during the period. Keybank National Association OH increased its stake in shares of 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 acquiring an additional 68 shares during the period. Flagship Harbor Advisors LLC increased its stake in shares of 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 acquiring an additional 69 shares during the period. Finally, World Asset Management Inc increased its stake in shares of 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 acquiring an additional 72 shares during the period. Institutional investors and hedge funds own 91.75% of the company’s stock.

Shares of NYSE MSCI traded up $1.35 on Thursday, hitting $235.10. The company’s stock had a trading volume of 9,759 shares, compared to its average volume of 545,078. Msci Inc has a 12-month low of $134.28 and a 12-month high of $247.57. The company has a market capitalization of $19.95 billion, a price-to-earnings ratio of 43.96, a price-to-earnings-growth ratio of 3.65 and a beta of 1.13. The stock has a 50 day moving average of $228.80 and a 200-day moving average of $222.54.

Msci (NYSE:MSCI) last announced its quarterly earnings results on Thursday, August 1st. The technology company reported $1.54 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.51 by $0.03. The company had revenue of $385.56 million for the quarter, compared to the consensus estimate of $382.81 million. Msci had a net margin of 39.27% and a negative return on equity of 599.92%. The company’s revenue for the quarter was up 6.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.30 earnings per share. On average, sell-side analysts forecast that Msci Inc will post 6.31 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 30th. Investors of record on Friday, August 16th were paid 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 dividend yield of 1.16%. Msci’s dividend payout ratio is presently 50.84%.

MSCI has been the topic of a number of recent analyst reports. TheStreet upgraded shares of Msci from a “c+” rating to a “b-” rating in a research note on Monday, September 9th. UBS Group lowered shares of Msci from a “buy” rating to a “neutral” rating and upped their target price for the stock from $234.00 to $258.00 in a research report on Monday, July 8th. Finally, Morgan Stanley upped their target price on shares of Msci from $223.00 to $240.00 and gave the stock an “equal weight” rating in a research report on Friday, July 19th. Four equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Msci has an average rating of “Buy” and an average target price of $217.63.

About Msci

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.

Further Reading: What Does a Sell-Side Analyst Rating Mean?

Institutional Ownership by Quarter for Msci (NYSE:MSCI)

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