Commerce Bank raised its position in MSCI Inc (NYSE:MSCI) by 24.8% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,739 shares of the technology company’s stock after purchasing an additional 942 shares during the quarter. Commerce Bank’s holdings in MSCI were worth $488,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in MSCI. Shell Asset Management Co. increased its position in shares of MSCI by 4.2% during the first quarter. Shell Asset Management Co. now owns 4,944 shares of the technology company’s stock worth $481,000 after acquiring an additional 199 shares during the period. Sumitomo Mitsui Asset Management Company LTD increased its holdings in MSCI by 12.8% in the first quarter. Sumitomo Mitsui Asset Management Company LTD now owns 7,212 shares of the technology company’s stock valued at $700,000 after buying an additional 820 shares during the last quarter. Canada Pension Plan Investment Board increased its holdings in MSCI by 932.6% in the first quarter. Canada Pension Plan Investment Board now owns 38,310 shares of the technology company’s stock valued at $3,723,000 after buying an additional 34,600 shares during the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. increased its holdings in MSCI by 9.0% in the first quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 17,884 shares of the technology company’s stock valued at $1,738,000 after buying an additional 1,472 shares during the last quarter. Finally, Commerzbank Aktiengesellschaft FI increased its holdings in MSCI by 19.3% in the first quarter. Commerzbank Aktiengesellschaft FI now owns 5,749 shares of the technology company’s stock valued at $559,000 after buying an additional 930 shares during the last quarter. 94.59% of the stock is currently owned by institutional investors.
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Several equities analysts have issued reports on MSCI shares. Morgan Stanley upped their price objective on shares of MSCI from $97.00 to $125.00 and gave the company an “equal weight” rating in a research note on Monday, August 7th. UBS AG increased their target price on shares of MSCI from $115.00 to $125.00 and gave the stock a “buy” rating in a research note on Friday, August 4th. Barclays PLC assumed coverage on shares of MSCI in a research note on Tuesday, July 18th. They set an “equal weight” rating and a $110.00 target price for the company. BidaskClub upgraded shares of MSCI from a “buy” rating to a “strong-buy” rating in a research note on Thursday, July 13th. Finally, 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. One research analyst has rated the stock with a sell rating, two have issued a hold rating, four have given a buy rating and one has assigned a strong buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $106.29.
MSCI Inc (NYSE:MSCI) opened at 117.42 on Friday. The stock has a market capitalization of $10.57 billion, a PE ratio of 38.02 and a beta of 1.03. The firm has a 50-day moving average of $112.24 and a 200-day moving average of $103.84. MSCI Inc has a one year low of $76.52 and a one year high of $118.06.
MSCI (NYSE:MSCI) last posted its quarterly earnings data on Thursday, August 3rd. The technology company reported $0.95 earnings per share (EPS) for the quarter, beating the Zacks’ 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 company had revenue of $316.08 million for the quarter, compared to the consensus estimate of $314.03 million. During the same period last year, the company earned $0.77 earnings per share. The firm’s revenue was up 8.8% compared to the same quarter last year. On average, equities research analysts forecast that MSCI Inc will post $3.80 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 31st. Stockholders of record on Friday, August 18th were issued a $0.38 dividend. The ex-dividend date of this dividend was Wednesday, August 16th. This is an increase from MSCI’s previous quarterly dividend of $0.28. This represents a $1.52 dividend on an annualized basis and a dividend yield of 1.29%. MSCI’s dividend payout ratio (DPR) is 49.03%.
In other news, COO Cd Baer Pettit sold 2,083 shares of MSCI stock in a transaction that occurred on Monday, August 7th. The shares were sold at an average price of $111.16, for a total value of $231,546.28. Following the sale, the chief operating officer now directly owns 178,266 shares in the company, valued at $19,816,048.56. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders sold 6,249 shares of company stock worth $686,890 over the last quarter. 2.26% of the stock is owned by corporate insiders.
MSCI Company Profile
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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