Tyers Asset Management LLC cut its position in shares of Msci Inc (NYSE:MSCI) by 72.3% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,272 shares of the technology company’s stock after selling 5,920 shares during the quarter. Tyers Asset Management LLC’s holdings in Msci were worth $376,000 at the end of the most recent quarter.
A number of other hedge funds have also recently bought and sold shares of the business. FMR LLC increased its holdings in shares of Msci by 12.6% in the 2nd quarter. FMR LLC now owns 8,714,865 shares of the technology company’s stock valued at $1,441,701,000 after purchasing an additional 976,018 shares during the period. Massachusetts Financial Services Co. MA increased its holdings in shares of Msci by 722.8% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 1,068,039 shares of the technology company’s stock valued at $176,685,000 after purchasing an additional 938,236 shares during the period. American Century Companies Inc. increased its holdings in shares of Msci by 67.8% in the 2nd quarter. American Century Companies Inc. now owns 1,737,968 shares of the technology company’s stock valued at $287,512,000 after purchasing an additional 702,241 shares during the period. BlackRock Inc. increased its holdings in shares of Msci by 5.1% in the 1st quarter. BlackRock Inc. now owns 9,350,846 shares of the technology company’s stock valued at $1,397,671,000 after purchasing an additional 450,797 shares during the period. Finally, Legal & General Group Plc increased its holdings in shares of Msci by 167.5% in the 1st quarter. Legal & General Group Plc now owns 425,588 shares of the technology company’s stock valued at $63,613,000 after purchasing an additional 266,468 shares during the period. 91.21% of the stock is owned by institutional investors.
A number of equities analysts have recently weighed in on the company. Wells Fargo & Co upped their target price on Msci from $170.00 to $190.00 and gave the company an “outperform” rating in a report on Monday, June 25th. Zacks Investment Research upgraded Msci from a “sell” rating to a “hold” rating in a report on Wednesday, May 9th. Northcoast Research reiterated a “neutral” rating on shares of Msci in a report on Tuesday, June 26th. UBS Group upped their target price on Msci from $173.00 to $187.00 and gave the company a “buy” rating in a report on Tuesday, June 5th. Finally, BMO Capital Markets assumed coverage on Msci in a report on Wednesday, July 25th. They issued an “outperform” rating and a $198.00 target price on the stock. Four analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $175.00.
NYSE:MSCI opened at $182.23 on Wednesday. Msci Inc has a 52 week low of $111.45 and a 52 week high of $183.45. The company has a market capitalization of $16.01 billion, a P/E ratio of 45.79, a PEG ratio of 3.44 and a beta of 0.89. The company has a debt-to-equity ratio of 7.43, a quick ratio of 2.65 and a current ratio of 2.65.
Msci (NYSE:MSCI) last released its quarterly earnings data on Thursday, August 2nd. The technology company reported $1.30 EPS for the quarter, topping analysts’ consensus estimates of $1.28 by $0.02. Msci had a return on equity of 114.65% and a net margin of 27.83%. The firm had revenue of $363.05 million for the quarter, compared to the consensus estimate of $356.01 million. During the same quarter in the prior year, the company posted $0.95 earnings per share. The firm’s revenue was up 14.9% on a year-over-year basis. sell-side analysts anticipate that Msci Inc will post 5.24 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, August 31st. Investors of record on Friday, August 17th were issued a $0.58 dividend. The ex-dividend date of this dividend was Thursday, August 16th. This represents a $2.32 dividend on an annualized basis and a yield of 1.27%. This is an increase from Msci’s previous quarterly dividend of $0.38. Msci’s dividend payout ratio is currently 58.29%.
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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