Victory Capital Management Inc. raised its stake in shares of MSCI Inc. (NYSE:MSCI) by 5.6% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,917 shares of the company’s stock after buying an additional 528 shares during the period. Victory Capital Management Inc.’s holdings in MSCI were worth $765,000 at the end of the most recent reporting period.
A number of other institutional investors have also added to or reduced their stakes in MSCI. Norges Bank purchased a new stake in shares of MSCI during the fourth quarter valued at $70,655,000. American Century Companies Inc. increased its stake in shares of MSCI by 287.3% in the second quarter. American Century Companies Inc. now owns 1,186,899 shares of the company’s stock valued at $91,534,000 after buying an additional 880,449 shares in the last quarter. Emerald Acquisition Ltd. purchased a new stake in shares of MSCI during the second quarter valued at $56,019,000. State Street Corp increased its stake in shares of MSCI by 15.9% in the first quarter. State Street Corp now owns 2,947,090 shares of the company’s stock valued at $218,324,000 after buying an additional 403,307 shares in the last quarter. Finally, UBS Asset Management Americas Inc. increased its stake in shares of MSCI by 426.4% in the first quarter. UBS Asset Management Americas Inc. now owns 468,905 shares of the company’s stock valued at $34,736,000 after buying an additional 379,832 shares in the last quarter. Institutional investors and hedge funds own 95.32% of the company’s stock.
MSCI Inc. (NYSE:MSCI) traded up 0.15% during mid-day trading on Monday, hitting $86.53. 165,743 shares of the stock were exchanged. MSCI Inc. has a 12-month low of $56.87 and a 12-month high of $90.79. The company has a 50 day moving average of $87.14 and a 200 day moving average of $79.03. The firm has a market cap of $8.19 billion, a P/E ratio of 35.38 and a beta of 1.02.
MSCI (NYSE:MSCI) last posted its earnings results on Thursday, July 28th. The company reported $0.77 EPS for the quarter, beating the Zacks’ consensus estimate of $0.72 by $0.05. MSCI had a net margin of 22.60% and a return on equity of 34.95%. The company had revenue of $290.60 million for the quarter, compared to analysts’ expectations of $286.46 million. During the same quarter in the prior year, the company posted $0.56 earnings per share. MSCI’s revenue for the quarter was up 7.4% compared to the same quarter last year. On average, equities analysts anticipate that MSCI Inc. will post $2.92 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, August 31st. Shareholders of record on Monday, August 15th were paid a dividend of $0.28 per share. The ex-dividend date was Thursday, August 11th. This is a positive change from MSCI’s previous quarterly dividend of $0.22. This represents a $1.12 dividend on an annualized basis and a yield of 1.30%. MSCI’s dividend payout ratio is 45.71%.
Several brokerages have recently weighed in on MSCI. Cantor Fitzgerald reissued a “buy” rating on shares of MSCI in a research note on Friday, August 19th. Credit Suisse Group AG reaffirmed a “buy” rating and issued a $88.00 price target on shares of MSCI in a research note on Friday, July 29th. Finally, Zacks Investment Research downgraded shares of MSCI from a “buy” rating to a “hold” rating in a research note on Friday, August 5th. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $80.50.
In related news, Director Benjamin F. Dupont sold 5,307 shares of the company’s stock in a transaction that occurred on Tuesday, August 30th. The shares were sold at an average price of $89.61, for a total transaction of $475,560.27. Following the sale, the director now directly owns 21,708 shares in the company, valued at $1,945,253.88. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Holdings L.P. Valueact sold 125,000 shares of the company’s stock in a transaction that occurred on Wednesday, September 21st. The stock was sold at an average price of $86.23, for a total transaction of $10,778,750.00. The disclosure for this sale can be found here. Company insiders own 2.07% of the company’s stock.
MSCI Inc (MSCI), together with its subsidiaries, offers content, applications and services to support the needs of institutional investors throughout their investment processes. The Company’s operating segment includes Index, Analytics and All Other segment. All Other segment comprises ESG and Real Estate segments.
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