BB&T Securities LLC purchased a new stake in MSCI Inc (NYSE:MSCI) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 2,305 shares of the technology company’s stock, valued at approximately $237,000.
Several other hedge funds also recently bought and sold shares of the company. Vanguard Group Inc. lifted its stake in shares of MSCI by 2.1% in the 1st quarter. Vanguard Group Inc. now owns 8,620,375 shares of the technology company’s stock valued at $837,814,000 after purchasing an additional 174,154 shares during the period. BlackRock Inc. lifted its stake in shares of MSCI by 5,307.1% in the 1st quarter. BlackRock Inc. now owns 8,220,286 shares of the technology company’s stock valued at $798,929,000 after purchasing an additional 8,068,258 shares during the period. Morgan Stanley lifted its stake in shares of MSCI by 5.0% in the 1st quarter. Morgan Stanley now owns 3,360,760 shares of the technology company’s stock valued at $326,631,000 after purchasing an additional 160,690 shares during the period. Bank of New York Mellon Corp increased its position in shares of MSCI by 6.8% in the 1st quarter. Bank of New York Mellon Corp now owns 1,144,345 shares of the technology company’s stock valued at $111,219,000 after buying an additional 73,287 shares in the last quarter. Finally, Findlay Park Partners LLP increased its position in shares of MSCI by 322.5% in the 1st quarter. Findlay Park Partners LLP now owns 890,489 shares of the technology company’s stock valued at $86,547,000 after buying an additional 679,729 shares in the last quarter. 94.46% of the stock is currently owned by institutional investors.
In other news, COO Cd Baer Pettit sold 2,083 shares of the company’s stock in a transaction dated Monday, August 7th. The shares were sold at an average price of $111.16, for a total transaction of $231,546.28. Following the transaction, the chief operating officer now owns 178,266 shares in the company, valued at $19,816,048.56. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders have sold 6,249 shares of company stock worth $686,890 in the last quarter. Company insiders own 2.26% of the company’s stock.
MSCI Inc (MSCI) traded down 0.46% during trading on Friday, reaching $112.94. The company’s stock had a trading volume of 115,226 shares. The stock’s 50-day moving average is $111.92 and its 200 day moving average is $103.33. The company has a market cap of $10.17 billion, a P/E ratio of 36.57 and a beta of 1.03. MSCI Inc has a 12 month low of $76.52 and a 12 month high of $118.06.
MSCI (NYSE:MSCI) last announced its quarterly earnings data on Thursday, August 3rd. The technology company reported $0.95 earnings per share for the quarter, beating the consensus estimate of $0.90 by $0.05. MSCI had a net margin of 24.01% and a return on equity of 87.11%. The firm had revenue of $316.08 million for the quarter, compared to analyst estimates of $314.03 million. During the same quarter in the prior year, the business earned $0.77 earnings per share. The business’s quarterly revenue was up 8.8% compared to the same quarter last year. On average, equities analysts forecast that MSCI Inc will post $3.80 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 31st. Stockholders of record on Friday, August 18th were issued a dividend of $0.38 per share. The ex-dividend date was Wednesday, August 16th. This represents a $1.52 annualized dividend and a dividend yield of 1.34%. This is a positive change from MSCI’s previous quarterly dividend of $0.28. MSCI’s dividend payout ratio is currently 49.03%.
A number of research firms recently commented on MSCI. BidaskClub cut shares of MSCI from a “strong-buy” rating to a “buy” rating in a research report on Thursday, June 22nd. Zacks Investment Research upgraded shares of MSCI from a “hold” rating to a “buy” rating and set a $115.00 price objective for the company in a research report on Thursday, July 6th. UBS AG upped their price objective on shares of MSCI from $115.00 to $125.00 and gave the company a “buy” rating in a research report on Friday, August 4th. Morgan Stanley restated an “equal weight” rating and issued a $97.00 price objective (down previously from $98.00) on shares of MSCI in a research report on Tuesday, July 18th. Finally, Barclays PLC began coverage on shares of MSCI in a research report on Tuesday, July 18th. They issued an “equal weight” rating and a $110.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company’s stock. MSCI presently has an average rating of “Buy” and an average target price of $106.29.
MSCI Inc offers products and services to support the needs of institutional investors throughout their investment processes. Its segments include Index, Analytics and All Other segment. All Other segment comprises environmental, social and governance (ESG) and Real Estate segments. Its indexes are used 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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