Spectrum Management Group Inc. boosted its holdings in Msci Inc (NYSE:MSCI) by 5.1% during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 8,610 shares of the technology company’s stock after acquiring an additional 415 shares during the quarter. Spectrum Management Group Inc.’s holdings in Msci were worth $2,056,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also made changes to their positions in MSCI. C WorldWide Group Holding A S bought a new position in Msci in the 2nd quarter worth about $182,576,000. JPMorgan Chase & Co. increased its position in shares of Msci by 223.4% during the 1st quarter. JPMorgan Chase & Co. now owns 728,117 shares of the technology company’s stock valued at $144,779,000 after purchasing an additional 502,999 shares during the last quarter. American Century Companies Inc. increased its position in shares of Msci by 22.5% during the 1st quarter. American Century Companies Inc. now owns 1,979,124 shares of the technology company’s stock valued at $393,529,000 after purchasing an additional 363,875 shares during the last quarter. Artisan Partners Limited Partnership bought a new position in shares of Msci during the 1st quarter valued at about $31,168,000. Finally, Marshall Wace North America L.P. increased its position in shares of Msci by 44.7% during the 1st quarter. Marshall Wace North America L.P. now owns 503,784 shares of the technology company’s stock valued at $100,171,000 after purchasing an additional 155,548 shares during the last quarter. Institutional investors and hedge funds own 92.13% of the company’s stock.
Several brokerages have recently commented on MSCI. TheStreet lowered Msci from a “b” rating to a “c+” rating in a research report on Tuesday, August 6th. Morgan Stanley increased their price objective on Msci from $223.00 to $240.00 and gave the company an “equal weight” rating in a research report on Friday, July 19th. Cantor Fitzgerald increased their price objective on Msci from $188.00 to $247.00 in a research report on Friday, May 3rd. Barclays reiterated a “buy” rating and set a $240.00 price objective on shares of Msci in a research report on Sunday, May 5th. Finally, UBS Group lowered Msci from a “buy” rating to a “neutral” rating and increased their price objective for the company from $234.00 to $258.00 in a research report on Monday, July 8th. Four analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $217.63.
Msci (NYSE:MSCI) last issued its earnings results on Thursday, August 1st. The technology company reported $1.54 earnings per share for the quarter, beating the consensus estimate of $1.51 by $0.03. The company had revenue of $385.56 million during the quarter, compared to analysts’ expectations of $382.81 million. Msci had a negative return on equity of 599.92% and a net margin of 39.27%. Msci’s quarterly revenue was up 6.2% compared to the same quarter last year. During the same period in the prior year, the business posted $1.30 EPS. As a group, sell-side analysts expect that Msci Inc will post 6.31 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, August 30th. Investors of record on Friday, August 16th will be issued a dividend of $0.68 per share. The ex-dividend date is Thursday, August 15th. This is a boost from Msci’s previous quarterly dividend of $0.58. This represents a $2.72 annualized dividend and a yield of 1.20%. Msci’s dividend payout ratio is currently 43.36%.
Msci Company Profile
MSCI Inc, together with its subsidiaries, provides investment decision support tools for the clients to manage their investment processes worldwide. The company operates through four segments: Index, Analytics, ESG, and Real Estate. The Index segment primarily provides equity indexes for use 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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