Meiji Yasuda Asset Management Co Ltd. Acquires New Holdings in Msci Inc (NYSE:MSCI)

Meiji Yasuda Asset Management Co Ltd. purchased a new position in shares of Msci Inc (NYSE:MSCI) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 1,160 shares of the technology company’s stock, valued at approximately $387,000.

Several other institutional investors have also recently added to or reduced their stakes in the business. Creative Financial Designs Inc. ADV bought a new position in shares of Msci during the 2nd quarter worth approximately $28,000. Altshuler Shaham Ltd raised its holdings in Msci by 512.5% during the 1st quarter. Altshuler Shaham Ltd now owns 98 shares of the technology company’s stock worth $28,000 after buying an additional 82 shares during the period. First Horizon Advisors Inc. raised its holdings in Msci by 34.6% during the 2nd quarter. First Horizon Advisors Inc. now owns 109 shares of the technology company’s stock worth $36,000 after buying an additional 28 shares during the period. Shine Investment Advisory Services Inc. raised its holdings in Msci by 57.7% during the 2nd quarter. Shine Investment Advisory Services Inc. now owns 164 shares of the technology company’s stock worth $55,000 after buying an additional 60 shares during the period. Finally, Balentine LLC acquired a new stake in Msci during the 1st quarter worth about $56,000. 91.86% of the stock is currently owned by institutional investors.

Shares of MSCI traded down $16.42 during trading hours on Friday, reaching $344.04. The company had a trading volume of 8,361 shares, compared to its average volume of 406,595. The firm has a 50 day simple moving average of $371.41 and a 200-day simple moving average of $329.23. The company has a market capitalization of $31.66 billion, a price-to-earnings ratio of 58.80 and a beta of 0.85. Msci Inc has a 12-month low of $210.34 and a 12-month high of $398.49.

Msci (NYSE:MSCI) last issued its quarterly earnings data on Tuesday, July 28th. The technology company reported $1.77 EPS for the quarter, beating the Zacks’ consensus estimate of $1.68 by $0.09. The firm had revenue of $409.60 million for the quarter, compared to analysts’ expectations of $410.25 million. Msci had a net margin of 32.14% and a negative return on equity of 268.97%. The firm’s revenue was up 6.4% on a year-over-year basis. During the same period in the prior year, the company earned $1.54 EPS. Equities research analysts predict that Msci Inc will post 7.27 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, August 31st. Investors of record on Friday, August 14th were paid a $0.78 dividend. This represents a $3.12 dividend on an annualized basis and a yield of 0.91%. This is a boost from Msci’s previous quarterly dividend of $0.68. The ex-dividend date of this dividend was Thursday, August 13th. Msci’s dividend payout ratio is presently 48.45%.

In other Msci news, COO Cd Baer Pettit sold 2,500 shares of the firm’s stock in a transaction dated Monday, July 6th. The shares were sold at an average price of $347.47, for a total transaction of $868,675.00. Following the sale, the chief operating officer now directly owns 283,045 shares of the company’s stock, valued at approximately $98,349,646.15. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Scott A. Crum sold 3,500 shares of the firm’s stock in a transaction dated Thursday, July 30th. The stock was sold at an average price of $376.69, for a total transaction of $1,318,415.00. Following the sale, the insider now directly owns 29,279 shares in the company, valued at $11,029,106.51. The disclosure for this sale can be found here. Over the last three months, insiders sold 8,500 shares of company stock worth $3,105,365. 2.94% of the stock is owned by corporate insiders.

Several analysts have recently commented on the company. BMO Capital Markets increased 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. Morgan Stanley raised their price target on Msci from $337.00 to $366.00 and gave the company an “equal weight” rating in a report on Wednesday, July 29th. Deutsche Bank started coverage on Msci in a report on Friday, July 17th. They issued a “hold” rating on the stock. Zacks Investment Research cut Msci from a “buy” rating to a “hold” rating and set a $383.00 price target on the stock. in a report on Thursday, August 6th. Finally, UBS Group raised their price target on Msci from $342.00 to $375.00 and gave the company a “neutral” rating in a report on Wednesday, July 29th. Seven investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $348.00.

About Msci

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.

Further Reading: Diversification in Investing

Institutional Ownership by Quarter for Msci (NYSE:MSCI)

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