Natixis Investment Managers International Trims Position in MSCI Inc. (NYSE:MSCI)

Natixis Investment Managers International lessened its stake in MSCI Inc. (NYSE:MSCI) by 15.9% during the 2nd quarter, HoldingsChannel reports. The institutional investor owned 741 shares of the technology company’s stock after selling 140 shares during the quarter. Natixis Investment Managers International’s holdings in MSCI were worth $395,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the stock. Wedbush Securities Inc. increased its stake in MSCI by 2.9% in the 2nd quarter. Wedbush Securities Inc. now owns 637 shares of the technology company’s stock worth $340,000 after buying an additional 18 shares during the period. Wrapmanager Inc. increased its stake in MSCI by 1.9% in the 2nd quarter. Wrapmanager Inc. now owns 959 shares of the technology company’s stock worth $511,000 after buying an additional 18 shares during the period. Copeland Capital Management LLC increased its stake in MSCI by 0.9% in the 2nd quarter. Copeland Capital Management LLC now owns 2,142 shares of the technology company’s stock worth $1,142,000 after buying an additional 19 shares during the period. Lloyd Advisory Services LLC. increased its stake in MSCI by 45.5% in the 2nd quarter. Lloyd Advisory Services LLC. now owns 64 shares of the technology company’s stock worth $34,000 after buying an additional 20 shares during the period. Finally, NEXT Financial Group Inc increased its stake in MSCI by 1.9% in the 2nd quarter. NEXT Financial Group Inc now owns 1,187 shares of the technology company’s stock worth $632,000 after buying an additional 22 shares during the period. 90.61% of the stock is currently owned by institutional investors.

A number of research analysts have commented on the stock. Royal Bank of Canada raised their target price on shares of MSCI from $650.00 to $720.00 and gave the company an “outperform” rating in a research report on Tuesday, September 21st. Zacks Investment Research raised shares of MSCI from a “hold” rating to a “buy” rating and set a $621.00 target price on the stock in a research report on Thursday, July 29th. Morgan Stanley raised their target price on shares of MSCI from $523.00 to $570.00 and gave the company an “equal weight” rating in a research report on Thursday, September 23rd. Deutsche Bank Aktiengesellschaft raised their target price on shares of MSCI from $600.00 to $650.00 and gave the company a “buy” rating in a research report on Tuesday, August 3rd. Finally, Oppenheimer raised their target price on shares of MSCI from $566.00 to $626.00 and gave the company an “outperform” rating in a research report on Wednesday, July 28th. Two research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat, MSCI currently has an average rating of “Buy” and a consensus price target of $621.43.

Shares of MSCI stock traded up $13.49 on Thursday, reaching $611.79. The stock had a trading volume of 131 shares, compared to its average volume of 379,042. The company has a 50 day moving average price of $628.58 and a 200 day moving average price of $544.70. MSCI Inc. has a 1 year low of $336.03 and a 1 year high of $667.07. The stock has a market capitalization of $50.44 billion, a P/E ratio of 71.40 and a beta of 0.97.

MSCI (NYSE:MSCI) last issued its quarterly earnings data on Tuesday, July 27th. The technology company reported $2.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.31 by $0.14. MSCI had a net margin of 37.97% and a negative return on equity of 180.78%. The firm had revenue of $498.20 million for the quarter, compared to the consensus estimate of $490.25 million. During the same quarter in the previous year, the firm earned $1.77 EPS. The company’s quarterly revenue was up 21.6% compared to the same quarter last year. As a group, equities research analysts anticipate that MSCI Inc. will post 9.75 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Tuesday, August 31st. Investors of record on Friday, August 13th were paid a $1.04 dividend. The ex-dividend date of this dividend was Thursday, August 12th. This is a boost from MSCI’s previous quarterly dividend of $0.78. This represents a $4.16 dividend on an annualized basis and a yield of 0.68%. MSCI’s dividend payout ratio (DPR) is 53.13%.

In other MSCI news, COO Cd Baer Pettit sold 2,500 shares of MSCI stock in a transaction that occurred on Monday, October 4th. The shares were sold at an average price of $604.05, for a total transaction of $1,510,125.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Jennifer H. Mak sold 300 shares of MSCI stock in a transaction that occurred on Friday, August 6th. The shares were sold at an average price of $622.38, for a total transaction of $186,714.00. The disclosure for this sale can be found here. Insiders sold a total of 5,300 shares of company stock valued at $3,254,214 over the last quarter. 2.93% of the stock is owned by company insiders.

MSCI Profile

MSCI, Inc engages in the provision of investment decision support tools including indices, portfolio risk and performance analytics and corporate governance products and services. The company operates through the following business segments: Index, Analytics, Environmental, Social, and Governance (ESG), Real Estate, and Burgiss.

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Institutional Ownership by Quarter for MSCI (NYSE:MSCI)

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