Cubist Systematic Strategies LLC Purchases 57,809 Shares of Msci Inc (NYSE:MSCI)

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Cubist Systematic Strategies LLC lifted its position in Msci Inc (NYSE:MSCI) by 2,102.9% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 60,558 shares of the technology company’s stock after purchasing an additional 57,809 shares during the quarter. Cubist Systematic Strategies LLC owned 0.07% of Msci worth $14,461,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Point72 Asset Management L.P. purchased a new position in shares of Msci in the second quarter valued at about $143,000. California State Teachers Retirement System increased its stake in Msci by 0.3% during the second quarter. California State Teachers Retirement System now owns 139,312 shares of the technology company’s stock worth $33,266,000 after acquiring an additional 410 shares during the last quarter. Zurich Insurance Group Ltd FI increased its stake in Msci by 16.3% during the second quarter. Zurich Insurance Group Ltd FI now owns 38,407 shares of the technology company’s stock worth $9,171,000 after acquiring an additional 5,373 shares during the last quarter. AQR Capital Management LLC increased its stake in Msci by 5.7% during the second quarter. AQR Capital Management LLC now owns 126,881 shares of the technology company’s stock worth $30,298,000 after acquiring an additional 6,865 shares during the last quarter. Finally, Man Group plc increased its stake in Msci by 26.8% during the second quarter. Man Group plc now owns 499,154 shares of the technology company’s stock worth $119,193,000 after acquiring an additional 105,428 shares during the last quarter. 91.75% of the stock is currently owned by institutional investors and hedge funds.

Several equities research analysts have weighed in on MSCI shares. UBS Group cut Msci from a “buy” rating to a “neutral” rating and boosted their price objective for the stock from $234.00 to $258.00 in a research note on Monday, July 8th. TheStreet raised Msci from a “c+” rating to a “b-” rating in a research note on Monday, September 9th. Finally, Morgan Stanley upped their target price on Msci from $223.00 to $240.00 and gave the company an “equal weight” rating in a research note on Friday, July 19th. Four investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $217.63.

Shares of MSCI traded down $1.67 during mid-day trading on Friday, reaching $233.72. 3,391 shares of the company’s stock traded hands, compared to its average volume of 560,812. The stock has a market cap of $20.34 billion, a P/E ratio of 43.72, a P/E/G ratio of 3.81 and a beta of 1.13. The stock’s 50-day moving average is $228.93 and its two-hundred day moving average is $222.77. Msci Inc has a 12 month low of $134.28 and a 12 month high of $247.57.

Msci (NYSE:MSCI) last released 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. Msci had a negative return on equity of 599.92% and a net margin of 39.27%. The firm had revenue of $385.56 million for the quarter, compared to analysts’ expectations of $382.81 million. During the same quarter in the prior year, the firm posted $1.30 earnings per share. The company’s quarterly revenue was up 6.2% on a year-over-year basis. As a group, equities research analysts forecast that Msci Inc will post 6.31 EPS for the current 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 $0.68 dividend. The ex-dividend date was Thursday, August 15th. This represents a $2.72 annualized dividend and a yield of 1.16%. This is a boost from Msci’s previous quarterly dividend of $0.58. Msci’s dividend payout ratio is 50.84%.

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.

Read More: What is the Book Value of a Share?

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Institutional Ownership by Quarter for Msci (NYSE:MSCI)

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