Mitsubishi UFJ Asset Management UK Ltd. acquired a new position in shares of MSCI Inc (NYSE:MSCI) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 18,000 shares of the technology company’s stock, valued at approximately $1,854,000. MSCI makes up 1.6% of Mitsubishi UFJ Asset Management UK Ltd.’s holdings, making the stock its 25th largest position.
Several other hedge funds and other institutional investors also recently made changes to their positions in MSCI. Van ECK Associates Corp raised its position in MSCI by 6.8% in the first quarter. Van ECK Associates Corp now owns 1,494 shares of the technology company’s stock valued at $145,000 after buying an additional 95 shares during the period. OLD Mutual Customised Solutions Proprietary Ltd. raised its stake in MSCI by 115.0% in the first quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 1,505 shares of the technology company’s stock valued at $146,000 after buying an additional 805 shares during the last quarter. Pacer Advisors Inc. raised its stake in MSCI by 2.9% in the first quarter. Pacer Advisors Inc. now owns 1,639 shares of the technology company’s stock valued at $159,000 after buying an additional 46 shares during the last quarter. Copper Rock Capital Partners LLC raised its stake in MSCI by 309.1% in the second quarter. Copper Rock Capital Partners LLC now owns 2,078 shares of the technology company’s stock valued at $164,000 after buying an additional 1,570 shares during the last quarter. Finally, Two Sigma Securities LLC purchased a new stake in MSCI during the first quarter valued at $203,000. 95.87% of the stock is owned by institutional investors and hedge funds.
Shares of MSCI Inc (NYSE MSCI) traded up 0.71% during trading on Friday, reaching $111.12. 506,417 shares of the company’s stock were exchanged. The stock has a market cap of $10.01 billion, a PE ratio of 35.98 and a beta of 1.04. MSCI Inc has a 52-week low of $76.52 and a 52-week high of $113.38. The stock’s 50 day moving average price is $107.93 and its 200-day moving average price is $100.54.
MSCI (NYSE:MSCI) last released its quarterly earnings results on Thursday, August 3rd. The technology company reported $0.95 EPS for the quarter, beating the Thomson Reuters’ 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 firm had revenue of $316.08 million during the quarter, compared to analyst estimates of $314.03 million. During the same quarter in the prior year, the firm earned $0.77 EPS. The business’s revenue for the quarter was up 8.8% compared to the same quarter last year. On average, equities research analysts forecast that MSCI Inc will post $3.80 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, August 31st. Stockholders of record on Friday, August 18th will be given a dividend of $0.38 per share. The ex-dividend date is Wednesday, August 16th. This represents a $1.52 annualized dividend and a dividend yield of 1.37%. This is a positive change from MSCI’s previous quarterly dividend of $0.28. MSCI’s dividend payout ratio is presently 49.03%.
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Several research firms have recently weighed in on MSCI. UBS AG raised their price objective on shares of MSCI from $115.00 to $125.00 and gave the stock a “buy” rating in a report on Friday, August 4th. Morgan Stanley raised their price objective on shares of MSCI from $97.00 to $125.00 and gave the stock an “equal weight” rating in a report on Monday, August 7th. Barclays PLC assumed coverage on shares of MSCI in a report on Tuesday, July 18th. They set an “equal weight” rating and a $110.00 price objective for the company. BidaskClub raised shares of MSCI from a “buy” rating to a “strong-buy” rating in a research note 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 price target on the stock in a research note on Thursday, July 6th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $106.29.
In other news, COO Cd Baer Pettit sold 2,083 shares of the company’s stock in a transaction dated Monday, July 3rd. The shares were sold at an average price of $103.44, for a total transaction of $215,465.52. Following the completion of the sale, the chief operating officer now owns 180,349 shares of the company’s stock, valued at approximately $18,655,300.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders have sold a total of 6,249 shares of company stock valued at $663,581 in the last ninety days. Insiders own 2.26% of the company’s stock.
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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