Pitcairn Co. bought a new stake in shares of Msci Inc (NYSE:MSCI) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 638 shares of the technology company’s stock, valued at approximately $213,000.
A number of other large investors have also made changes to their positions in the stock. Creative Financial Designs Inc. ADV acquired a new position in shares of Msci in the second quarter valued at about $28,000. Altshuler Shaham Ltd increased its holdings in shares of Msci by 512.5% in the first quarter. Altshuler Shaham Ltd now owns 98 shares of the technology company’s stock valued at $28,000 after purchasing an additional 82 shares during the period. Shine Investment Advisory Services Inc. increased its holdings in shares of Msci by 82.5% in the first quarter. Shine Investment Advisory Services Inc. now owns 104 shares of the technology company’s stock valued at $30,000 after purchasing an additional 47 shares during the period. JCIC Asset Management Inc. acquired a new position in shares of Msci in the first quarter valued at about $30,000. Finally, Ellevest Inc. increased its holdings in shares of Msci by 42.4% in the first quarter. Ellevest Inc. now owns 131 shares of the technology company’s stock valued at $38,000 after purchasing an additional 39 shares during the period. 91.74% of the stock is currently owned by institutional investors.
MSCI has been the topic of a number of research reports. UBS Group increased their price objective on Msci from $342.00 to $375.00 and gave the company a “neutral” rating in a report on Wednesday. Deutsche Bank began coverage on Msci in a report on Friday, July 17th. They issued a “hold” rating on the stock. BMO Capital Markets raised their target price on Msci from $346.00 to $501.00 and gave the stock an “outperform” rating in a report on Wednesday, July 8th. Zacks Investment Research raised Msci from a “hold” rating to a “buy” rating and set a $369.00 target price on the stock in a report on Tuesday, July 7th. Finally, Morgan Stanley raised their target price on Msci from $337.00 to $366.00 and gave the stock an “equal weight” rating in a report on Wednesday. Six equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $346.44.
In other news, insider Scott A. Crum sold 3,500 shares of the firm’s stock in a transaction that occurred on Thursday, July 30th. The stock was sold at an average price of $376.69, for a total value of $1,318,415.00. Following the transaction, the insider now owns 29,279 shares in the company, valued at $11,029,106.51. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, COO Cd Baer Pettit sold 2,500 shares of the firm’s stock in a transaction that occurred on Thursday, June 4th. The shares were sold at an average price of $317.15, for a total value of $792,875.00. Following the completion of the transaction, the chief operating officer now owns 285,815 shares in the company, valued at approximately $90,646,227.25. The disclosure for this sale can be found here. In the last 90 days, insiders sold 11,000 shares of company stock worth $3,770,165. Company insiders own 2.94% of the company’s stock.
Shares of MSCI stock opened at $375.98 on Friday. The company has a market capitalization of $31.45 billion, a P/E ratio of 53.56 and a beta of 0.94. The business’s 50 day moving average is $353.33 and its two-hundred day moving average is $315.44. Msci Inc has a 12-month low of $206.82 and a 12-month high of $398.49.
Msci (NYSE:MSCI) last issued its quarterly earnings results on Tuesday, July 28th. The technology company reported $1.77 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.68 by $0.09. The company had revenue of $409.60 million for the quarter, compared to the consensus estimate of $410.25 million. Msci had a negative return on equity of 268.97% and a net margin of 32.14%. Msci’s revenue for the quarter was up 6.4% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.54 earnings per share. Equities research analysts anticipate that Msci Inc will post 7.27 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Monday, August 31st. Stockholders of record on Friday, August 14th will be given a $0.78 dividend. This represents a $3.12 annualized dividend and a dividend yield of 0.83%. The ex-dividend date is Thursday, August 13th. This is an increase from Msci’s previous quarterly dividend of $0.68. Msci’s dividend payout ratio (DPR) is 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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