Pacer Advisors Inc. boosted its stake in Msci Inc (NYSE:MSCI) by 12.7% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 8,191 shares of the technology company’s stock after buying an additional 920 shares during the quarter. Pacer Advisors Inc.’s holdings in Msci were worth $1,956,000 at the end of the most recent quarter.
Several other large investors also recently modified their holdings of MSCI. C WorldWide Group Holding A S acquired a new stake in Msci during the second quarter valued at $182,576,000. JPMorgan Chase & Co. lifted its holdings 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 buying an additional 502,999 shares during the last quarter. American Century Companies Inc. lifted its holdings 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 buying an additional 363,875 shares during the last quarter. Artisan Partners Limited Partnership acquired a new stake in shares of Msci during the 1st quarter valued at about $31,168,000. Finally, Marshall Wace North America L.P. grew its stake in shares of Msci by 44.7% in 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 buying an additional 155,548 shares in the last quarter. 92.03% of the stock is owned by institutional investors.
Msci stock traded down $10.78 during trading hours on Tuesday, reaching $226.73. 11,032 shares of the company were exchanged, compared to its average volume of 471,947. The firm has a market cap of $20.12 billion, a price-to-earnings ratio of 42.92, a PEG ratio of 3.83 and a beta of 1.13. The stock has a 50-day moving average of $229.74 and a 200 day moving average of $220.49. Msci Inc has a 12 month low of $134.28 and a 12 month high of $247.57.
The company also recently declared a quarterly dividend, which was paid on Friday, August 30th. Shareholders of record on Friday, August 16th were issued a dividend of $0.68 per share. This represents a $2.72 dividend on an annualized basis and a yield of 1.20%. This is a boost from Msci’s previous quarterly dividend of $0.58. The ex-dividend date was Thursday, August 15th. Msci’s dividend payout ratio is 50.84%.
Several brokerages recently weighed in on MSCI. TheStreet lowered shares of Msci from a “b” rating to a “c+” rating in a research report on Tuesday, August 6th. UBS Group downgraded shares of Msci from a “buy” rating to a “neutral” rating and raised their price target for the company from $234.00 to $258.00 in a report on Monday, July 8th. Finally, Morgan Stanley lifted their price objective on shares of Msci from $223.00 to $240.00 and gave the company an “equal weight” rating in a research note on Friday, July 19th. Four research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $217.63.
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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