Strycker View Capital LLC acquired a new stake in MSCI Inc (NYSE:MSCI) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 85,000 shares of the technology company’s stock, valued at approximately $8,754,000. MSCI comprises 4.4% of Strycker View Capital LLC’s investment portfolio, making the stock its 12th largest position. Strycker View Capital LLC owned 0.09% of MSCI as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently modified their holdings of MSCI. Cigna Investments Inc. New raised its position in shares of MSCI by 108.5% in the second quarter. Cigna Investments Inc. New now owns 8,036 shares of the technology company’s stock valued at $828,000 after buying an additional 4,182 shares during the period. HL Financial Services LLC raised its position in shares of MSCI by 4.9% in the second quarter. HL Financial Services LLC now owns 78,811 shares of the technology company’s stock valued at $8,117,000 after buying an additional 3,694 shares during the period. Advisor Partners LLC bought a new position in shares of MSCI during the second quarter valued at approximately $211,000. Stratos Wealth Partners LTD. acquired a new stake in MSCI during the second quarter worth $527,000. Finally, Sei Investments Co. increased its stake in MSCI by 2.3% in the second quarter. Sei Investments Co. now owns 195,861 shares of the technology company’s stock worth $20,172,000 after buying an additional 4,411 shares in the last quarter. Institutional investors and hedge funds own 95.87% of the company’s stock.
Shares of MSCI Inc (MSCI) traded up 0.71% during mid-day trading on Friday, reaching $111.12. 506,417 shares of the company traded hands. The stock has a market capitalization of $10.01 billion, a PE ratio of 35.98 and a beta of 1.04. The firm has a 50 day moving average of $107.93 and a 200-day moving average of $100.54. MSCI Inc has a 52 week low of $76.52 and a 52 week high of $113.38.
MSCI (NYSE:MSCI) last announced its earnings results on Thursday, August 3rd. The technology company reported $0.95 EPS for the quarter, topping the Zacks’ consensus estimate of $0.90 by $0.05. The business had revenue of $316.08 million during the quarter, compared to the consensus estimate of $314.03 million. MSCI had a net margin of 24.01% and a return on equity of 87.11%. The firm’s revenue was up 8.8% on a year-over-year basis. During the same period in the previous year, the company posted $0.77 earnings per share. On average, equities research analysts expect that MSCI Inc will post $3.80 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, August 31st. Shareholders of record on Friday, August 18th will be issued a $0.38 dividend. The ex-dividend date of this dividend is 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 yield of 1.37%. MSCI’s payout ratio is currently 49.03%.
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A number of analysts have recently weighed in on the stock. UBS AG upped their target price on shares of MSCI from $115.00 to $125.00 and gave the stock a “buy” rating in a research report on Friday, August 4th. Morgan Stanley upped their target price on shares of MSCI from $97.00 to $125.00 and gave the stock an “equal weight” rating in a research report on Monday, August 7th. Barclays PLC assumed coverage on shares of MSCI in a research report on Tuesday, July 18th. They issued an “equal weight” rating and a $110.00 target price on the stock. BidaskClub raised shares of MSCI from a “buy” rating to a “strong-buy” rating in a research report on Thursday, July 13th. Finally, Zacks Investment Research raised shares of MSCI from a “hold” rating to a “buy” rating and set a $115.00 target price on the stock in a research report on Thursday, July 6th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, four have given a buy rating and one has assigned a strong buy rating to the stock. MSCI presently has an average rating of “Buy” and a consensus price target of $106.29.
In other MSCI news, COO Cd Baer Pettit sold 2,083 shares of the business’s stock in a transaction dated Monday, July 3rd. The shares were sold at an average price of $103.44, for a total value of $215,465.52. Following the completion of the transaction, the chief operating officer now directly owns 180,349 shares in the company, valued at $18,655,300.56. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders sold 6,249 shares of company stock valued at $663,581 over the last quarter. 2.26% of the stock is currently 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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