Rampart Investment Management Company LLC boosted its stake in shares of Msci Inc (NYSE:MSCI) by 145.6% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,562 shares of the technology company’s stock after buying an additional 926 shares during the quarter. Rampart Investment Management Company LLC’s holdings in Msci were worth $521,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. Massachusetts Financial Services Co. MA raised its stake in shares of Msci by 1.9% during the first quarter. Massachusetts Financial Services Co. MA now owns 2,548,997 shares of the technology company’s stock worth $736,559,000 after acquiring an additional 48,074 shares in the last quarter. Polen Capital Management LLC boosted its holdings in shares of Msci by 2.5% during the 1st quarter. Polen Capital Management LLC now owns 2,166,322 shares of the technology company’s stock valued at $625,980,000 after buying an additional 53,342 shares in the last quarter. Capital International Investors boosted its stake in Msci by 27.6% in the 1st quarter. Capital International Investors now owns 929,104 shares of the technology company’s stock worth $268,474,000 after purchasing an additional 201,185 shares in the last quarter. 1832 Asset Management L.P. boosted its stake in Msci by 256.9% in the 1st quarter. 1832 Asset Management L.P. now owns 673,770 shares of the technology company’s stock worth $199,273,000 after purchasing an additional 484,992 shares in the last quarter. Finally, Legal & General Group Plc boosted its stake in Msci by 6.6% in the 1st quarter. Legal & General Group Plc now owns 599,391 shares of the technology company’s stock worth $173,132,000 after purchasing an additional 37,358 shares in the last quarter. Institutional investors own 91.74% of the company’s stock.
In other news, COO Cd Baer Pettit sold 2,500 shares of the firm’s stock in a transaction on Thursday, June 4th. The stock was sold at an average price of $317.15, for a total transaction of $792,875.00. Following the transaction, the chief operating officer now owns 285,815 shares in the company, valued at $90,646,227.25. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Scott A. Crum sold 3,500 shares of the firm’s stock in a transaction dated Thursday, July 30th. The shares were sold at an average price of $376.69, for a total value of $1,318,415.00. Following the sale, the insider now directly owns 29,279 shares in the company, valued at approximately $11,029,106.51. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 11,000 shares of company stock worth $3,898,240. Insiders own 2.94% of the company’s stock.
A number of equities analysts have weighed in on MSCI shares. BMO Capital Markets boosted their target price on Msci from $346.00 to $501.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 8th. UBS Group upped their price target on shares of Msci from $342.00 to $375.00 and gave the company a “neutral” rating in a research report on Wednesday, July 29th. Zacks Investment Research lowered shares of Msci from a “buy” rating to a “hold” rating and set a $383.00 price target for the company. in a research report on Thursday, August 6th. Morgan Stanley upped their price target on shares of Msci from $337.00 to $366.00 and gave the company an “equal weight” rating in a research report on Wednesday, July 29th. Finally, Deutsche Bank assumed coverage on shares of Msci in a research report on Friday, July 17th. They set a “hold” rating for the company. Seven equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $348.00.
MSCI stock opened at $356.41 on Friday. The firm has a market cap of $30.10 billion, a price-to-earnings ratio of 58.14 and a beta of 0.95. Msci Inc has a twelve month low of $210.34 and a twelve month high of $398.49. The business’s fifty day simple moving average is $364.54 and its two-hundred day simple moving average is $321.72.
Msci (NYSE:MSCI) last announced its quarterly earnings results on Tuesday, July 28th. The technology company reported $1.77 EPS for the quarter, beating the consensus estimate of $1.68 by $0.09. The firm had revenue of $409.60 million for the quarter, compared to analyst estimates of $410.25 million. Msci had a negative return on equity of 268.97% and a net margin of 32.14%. The business’s revenue for the quarter was up 6.4% on a year-over-year basis. During the same quarter last year, the firm posted $1.54 earnings per share. As a group, equities research analysts forecast that Msci Inc will post 7.27 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Monday, August 31st. Stockholders of record on Friday, August 14th will be paid a dividend of $0.78 per share. The ex-dividend date is Thursday, August 13th. This represents a $3.12 annualized dividend and a dividend yield of 0.88%. This is a positive change from Msci’s previous quarterly dividend of $0.68. Msci’s dividend payout ratio (DPR) is currently 42.24%.
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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