Rampart Investment Management Company LLC lifted its stake in Msci Inc (NYSE:MSCI) by 36.1% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,086 shares of the technology company’s stock after acquiring an additional 288 shares during the quarter. Rampart Investment Management Company LLC’s holdings in Msci were worth $259,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Commonwealth Bank of Australia increased its position in 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 buying an additional 56 shares during the last quarter. PFG Advisors increased its position 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 buying an additional 60 shares during the last quarter. Keybank National Association OH increased its position 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 buying an additional 68 shares during the last quarter. Flagship Harbor Advisors LLC increased its position 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 buying an additional 69 shares during the last quarter. Finally, World Asset Management Inc increased its position 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 buying an additional 72 shares during the last quarter. 91.75% of the stock is currently owned by institutional investors and hedge funds.
Several equities analysts have commented on the stock. Morgan Stanley increased 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. UBS Group downgraded Msci from a “buy” rating to a “neutral” rating and raised their price target for the company from $234.00 to $258.00 in a research report on Monday, July 8th. Finally, TheStreet raised Msci from a “c+” rating to a “b-” rating in a research report on Monday, September 9th. Four analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $217.63.
Shares of NYSE:MSCI traded down $9.66 during midday trading on Friday, hitting $225.73. The company’s stock had a trading volume of 862,307 shares, compared to its average volume of 570,454. The stock has a market capitalization of $19.80 billion, a price-to-earnings ratio of 42.19, a PEG ratio of 3.71 and a beta of 1.13. The stock’s 50 day simple moving average is $228.91 and its 200 day simple moving average is $222.97. Msci Inc has a fifty-two week low of $134.28 and a fifty-two week high of $247.57.
Msci (NYSE:MSCI) last issued its quarterly earnings results on Thursday, August 1st. The technology company reported $1.54 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ 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 negative return on equity of 599.92% and a net margin of 39.27%. The firm’s revenue was up 6.2% compared to the same quarter last year. During the same period last year, the business posted $1.30 earnings per share. Analysts forecast that Msci Inc will post 6.31 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Friday, August 30th. Stockholders of record on Friday, August 16th were given a $0.68 dividend. This is an increase from Msci’s previous quarterly dividend of $0.58. This represents a $2.72 annualized dividend and a dividend yield of 1.20%. The ex-dividend date was Thursday, August 15th. Msci’s dividend payout ratio (DPR) is currently 50.84%.
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: Price-Sales Ratio
Want to see what other hedge funds are holding MSCI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Msci Inc (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.