Clarius Group LLC raised its holdings in MSCI Inc. (NYSE:MSCI) by 8.2% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 900 shares of the technology company’s stock after buying an additional 68 shares during the quarter. Clarius Group LLC’s holdings in MSCI were worth $377,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also modified their holdings of the business. CX Institutional lifted its stake in MSCI by 28.6% in the first quarter. CX Institutional now owns 126 shares of the technology company’s stock valued at $53,000 after buying an additional 28 shares during the period. Shilanski & Associates Inc. raised its holdings in MSCI by 1.0% during the fourth quarter. Shilanski & Associates Inc. now owns 3,165 shares of the technology company’s stock worth $1,413,000 after buying an additional 30 shares during the last quarter. Intellectus Partners LLC raised its holdings in MSCI by 3.6% during the fourth quarter. Intellectus Partners LLC now owns 995 shares of the technology company’s stock worth $444,000 after buying an additional 35 shares during the last quarter. Penserra Capital Management LLC raised its holdings in MSCI by 26.5% during the fourth quarter. Penserra Capital Management LLC now owns 172 shares of the technology company’s stock worth $76,000 after buying an additional 36 shares during the last quarter. Finally, AMG National Trust Bank raised its holdings in MSCI by 0.3% during the fourth quarter. AMG National Trust Bank now owns 11,808 shares of the technology company’s stock worth $5,272,000 after buying an additional 37 shares during the last quarter. 89.29% of the stock is currently owned by hedge funds and other institutional investors.
In related news, COO Cd Baer Pettit sold 2,500 shares of the firm’s stock in a transaction dated Monday, April 5th. The shares were sold at an average price of $430.66, for a total transaction of $1,076,650.00. Following the completion of the sale, the chief operating officer now owns 261,802 shares in the company, valued at $112,747,649.32. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 2.94% of the company’s stock.
MSCI (NYSE:MSCI) last announced its earnings results on Tuesday, April 27th. The technology company reported $2.46 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $2.25 by $0.21. MSCI had a net margin of 34.28% and a negative return on equity of 226.94%. The company had revenue of $478.40 million during the quarter, compared to the consensus estimate of $470.34 million. During the same quarter in the prior year, the company posted $1.90 earnings per share. The firm’s revenue for the quarter was up 14.8% on a year-over-year basis. On average, equities research analysts predict that MSCI Inc. will post 7.84 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 28th. Investors of record on Friday, May 14th will be issued a dividend of $0.78 per share. The ex-dividend date is Thursday, May 13th. This represents a $3.12 dividend on an annualized basis and a yield of 0.64%. MSCI’s dividend payout ratio (DPR) is presently 48.45%.
Several research analysts have weighed in on MSCI shares. Morgan Stanley upped their price objective on shares of MSCI from $448.00 to $473.00 and gave the stock an “equal weight” rating in a report on Wednesday, April 28th. Deutsche Bank Aktiengesellschaft upped their price objective on shares of MSCI from $475.00 to $525.00 and gave the stock a “buy” rating in a report on Wednesday, April 28th. UBS Group upgraded shares of MSCI from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $452.00 to $463.00 in a report on Monday, February 1st. Finally, Oppenheimer upped their price objective on shares of MSCI from $493.00 to $533.00 and gave the stock an “outperform” rating in a report on Wednesday, April 28th. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $481.14.
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 Index, Analytics, and All Other segments. The Index segment primarily provides indexes for use in various areas of the investment process, including indexed product creation, such as ETFs, mutual funds, annuities, futures, options, structured products, over-the-counter derivatives; performance benchmarking; portfolio construction and rebalancing; and asset allocation, as well as licenses GICS and GICS Direct.
Read More: Return on Investment (ROI)
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