Forsta AP Fonden grew its stake in MSCI Inc. (NYSE:MSCI – Get Rating) by 34.8% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 21,300 shares of the technology company's stock after acquiring an additional 5,500 shares during the quarter. Forsta AP Fonden's holdings in MSCI were worth $10,711,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Golden State Wealth Management LLC increased its stake in shares of MSCI by 2.7% in the 4th quarter. Golden State Wealth Management LLC now owns 729 shares of the technology company's stock valued at $447,000 after acquiring an additional 19 shares during the last quarter. Glassman Wealth Services increased its stake in MSCI by 50.0% during the 4th quarter. Glassman Wealth Services now owns 60 shares of the technology company's stock worth $37,000 after purchasing an additional 20 shares in the last quarter. City Holding Co. increased its stake in MSCI by 1.1% during the 4th quarter. City Holding Co. now owns 1,938 shares of the technology company's stock worth $972,000 after purchasing an additional 22 shares in the last quarter. Veriti Management LLC increased its stake in MSCI by 1.7% during the 1st quarter. Veriti Management LLC now owns 1,321 shares of the technology company's stock worth $664,000 after purchasing an additional 22 shares in the last quarter. Finally, Carolinas Wealth Consulting LLC boosted its position in MSCI by 56.5% during the 4th quarter. Carolinas Wealth Consulting LLC now owns 72 shares of the technology company's stock worth $44,000 after acquiring an additional 26 shares during the last quarter. 90.76% of the stock is owned by institutional investors.
Get MSCI alerts:MSCI Price Performance
Shares of MSCI stock opened at $496.18 on Friday. The business has a fifty day simple moving average of $431.44 and a two-hundred day simple moving average of $464.61. MSCI Inc. has a 1 year low of $376.41 and a 1 year high of $679.85. The company has a market capitalization of $39.94 billion, a price-to-earnings ratio of 51.05 and a beta of 1.09.
MSCI (NYSE:MSCI – Get Rating) last announced its quarterly earnings results on Tuesday, July 26th. The technology company reported $2.78 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.71 by $0.07. The business had revenue of $551.80 million during the quarter, compared to the consensus estimate of $560.24 million. MSCI had a negative return on equity of 151.89% and a net margin of 36.85%. The company's quarterly revenue was up 10.8% on a year-over-year basis. During the same quarter last year, the firm posted $2.45 EPS. As a group, equities analysts anticipate that MSCI Inc. will post 11.38 earnings per share for the current fiscal year.MSCI Increases Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 31st. Shareholders of record on Friday, August 12th will be given a dividend of $1.25 per share. This is a boost from MSCI's previous quarterly dividend of $1.04. The ex-dividend date is Thursday, August 11th. This represents a $5.00 annualized dividend and a yield of 1.01%. MSCI's dividend payout ratio (DPR) is presently 42.80%.
Wall Street Analyst Weigh In
A number of equities analysts have weighed in on MSCI shares. Redburn Partners started coverage on MSCI in a research report on Tuesday, May 17th. They set a "buy" rating for the company. Oppenheimer upped their price target on MSCI to $507.00 and gave the stock an "outperform" rating in a research report on Wednesday, July 27th. Barclays reduced their price target on MSCI from $570.00 to $470.00 and set an "overweight" rating for the company in a research report on Friday, June 24th. UBS Group increased their price objective on MSCI from $514.00 to $546.00 and gave the company a "buy" rating in a report on Friday, July 29th. Finally, Deutsche Bank Aktiengesellschaft cut their price objective on MSCI from $533.00 to $477.00 in a report on Wednesday, April 27th. Four research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, MSCI currently has an average rating of "Moderate Buy" and a consensus target price of $509.25.
MSCI Company Profile
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MSCI Inc, together with its subsidiaries, provides investment decision support tools for the clients to manage their investment processes worldwide. It operates through four segments: Index, Analytics, ESG and Climate, and All Other – Private Assets. The Index segment provides indexes for use in various areas of the investment process, including indexed product creation, such as ETFs, mutual funds, annuities, futures, options, structured products, over-the-counter derivatives; performance benchmarking; portfolio construction and rebalancing; and asset allocation, as well as licenses GICS and GICS Direct.
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