The Manufacturers Life Insurance Company lowered its stake in MSCI Inc (NYSE:MSCI – Free Report) by 10.3% during the first quarter, Holdings Channel reports. The firm owned 38,418 shares of the technology company’s stock after selling 4,407 shares during the period. The Manufacturers Life Insurance Company’s holdings in MSCI were worth $20,708,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also bought and sold shares of MSCI. Norges Bank bought a new position in MSCI in the fourth quarter valued at approximately $528,560,000. Carolina Wealth Advisors LLC bought a new stake in MSCI during the fourth quarter worth $1,302,000. SBI Okasan Asset Management Co.Ltd. acquired a new stake in shares of MSCI in the 4th quarter valued at $1,406,000. Retail Employees Superannuation Pty Ltd as trustee for Retail Employees Superannuation Trust acquired a new stake in shares of MSCI in the 4th quarter valued at $13,636,000. Finally, FourThought Financial Partners LLC increased its stake in shares of MSCI by 19.0% in the 4th quarter. FourThought Financial Partners LLC now owns 11,674 shares of the technology company’s stock valued at $6,697,000 after purchasing an additional 1,862 shares during the last quarter. Institutional investors and hedge funds own 89.97% of the company’s stock.
Analyst Upgrades and Downgrades
MSCI has been the subject of a number of research analyst reports. Weiss Ratings cut MSCI from a “buy (b)” rating to a “buy (b-)” rating in a report on Thursday. UBS Group set a $615.00 target price on MSCI in a research report on Wednesday, July 22nd. Bank of America boosted their target price on MSCI from $715.00 to $730.00 and gave the stock a “buy” rating in a research note on Friday, July 10th. JPMorgan Chase & Co. increased their target price on shares of MSCI from $700.00 to $742.00 and gave the stock an “overweight” rating in a report on Monday, July 20th. Finally, Evercore set a $722.00 price target on shares of MSCI in a research note on Wednesday, July 22nd. One investment analyst has rated the stock with a Strong Buy rating and eleven have assigned a Buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of $709.50.
MSCI Stock Performance
Shares of MSCI opened at $573.83 on Friday. MSCI Inc has a 52 week low of $501.08 and a 52 week high of $644.77. The stock has a market capitalization of $41.72 billion, a price-to-earnings ratio of 31.39, a PEG ratio of 2.18 and a beta of 1.24. The stock has a fifty day moving average of $596.03 and a 200-day moving average of $576.61.
MSCI (NYSE:MSCI – Get Free Report) last issued its quarterly earnings data on Tuesday, July 21st. The technology company reported $4.94 earnings per share for the quarter, missing analysts’ consensus estimates of $4.99 by ($0.05). MSCI had a negative return on equity of 55.19% and a net margin of 40.74%.The firm had revenue of $867.00 million for the quarter, compared to the consensus estimate of $870.71 million. During the same quarter in the prior year, the firm earned $4.17 EPS. The company’s revenue was up 12.2% on a year-over-year basis. As a group, equities analysts forecast that MSCI Inc will post 19.61 EPS for the current year.
MSCI Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Friday, August 28th. Stockholders of record on Friday, August 14th will be issued a dividend of $2.05 per share. This represents a $8.20 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date is Friday, August 14th. MSCI’s payout ratio is 44.86%.
MSCI Profile
MSCI Inc is a global provider of investment decision support tools and services for the financial industry. The company is best known for its family of market indexes, which are widely used as benchmarks by asset managers and as the basis for exchange-traded funds and other passive products. In addition to index construction and licensing, MSCI offers portfolio analytics, risk models, factor and performance attribution tools, and a suite of data and technology solutions designed to support portfolio management and trading.
Beyond traditional indexing and risk analytics, MSCI has expanded into environmental, social and governance (ESG) research and ratings, offering data, scores and screening tools that help investors integrate sustainability considerations into investment processes.
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