Quantum Capital Management LLC NJ lifted its position in shares of MSCI Inc. (NYSE:MSCI) by 0.7% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 43,194 shares of the technology company’s stock after purchasing an additional 312 shares during the quarter. MSCI accounts for approximately 2.8% of Quantum Capital Management LLC NJ’s portfolio, making the stock its 15th largest holding. Quantum Capital Management LLC NJ owned 0.05% of MSCI worth $23,026,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently modified their holdings of the company. BlackRock Inc. raised its position in MSCI by 4.9% during the first quarter. BlackRock Inc. now owns 6,726,412 shares of the technology company’s stock worth $2,820,249,000 after acquiring an additional 315,551 shares during the period. Price T Rowe Associates Inc. MD grew its holdings in shares of MSCI by 28.2% during the first quarter. Price T Rowe Associates Inc. MD now owns 3,798,659 shares of the technology company’s stock worth $1,592,702,000 after buying an additional 834,479 shares in the last quarter. Bamco Inc. NY grew its holdings in shares of MSCI by 0.4% during the first quarter. Bamco Inc. NY now owns 2,238,157 shares of the technology company’s stock worth $938,414,000 after buying an additional 9,655 shares in the last quarter. Capital International Investors grew its holdings in shares of MSCI by 3.9% during the first quarter. Capital International Investors now owns 1,381,591 shares of the technology company’s stock worth $579,234,000 after buying an additional 52,256 shares in the last quarter. Finally, Geode Capital Management LLC grew its holdings in shares of MSCI by 1.5% during the first quarter. Geode Capital Management LLC now owns 1,379,447 shares of the technology company’s stock worth $576,875,000 after buying an additional 20,334 shares in the last quarter. 90.61% of the stock is currently owned by institutional investors and hedge funds.
Shares of NYSE:MSCI traded up $10.20 on Tuesday, hitting $644.79. The company’s stock had a trading volume of 3,164 shares, compared to its average volume of 386,778. MSCI Inc. has a 12 month low of $336.03 and a 12 month high of $667.07. The company has a market capitalization of $53.16 billion, a price-to-earnings ratio of 76.16 and a beta of 0.97. The stock’s 50-day moving average is $616.87 and its two-hundred day moving average is $521.63.
The business also recently announced a quarterly dividend, which was paid on Tuesday, August 31st. Stockholders of record on Friday, August 13th were issued a dividend of $1.04 per share. This represents a $4.16 annualized dividend and a dividend yield of 0.65%. This is an increase from MSCI’s previous quarterly dividend of $0.78. The ex-dividend date of this dividend was Thursday, August 12th. MSCI’s dividend payout ratio is currently 53.13%.
In related news, COO Cd Baer Pettit sold 2,500 shares of the firm’s stock in a transaction that occurred on Wednesday, August 4th. The stock was sold at an average price of $622.95, for a total transaction of $1,557,375.00. Following the completion of the transaction, the chief operating officer now owns 251,837 shares in the company, valued at approximately $156,881,859.15. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Jennifer H. Mak sold 300 shares of the firm’s stock in a transaction that occurred on Friday, August 6th. The stock was sold at an average price of $622.38, for a total value of $186,714.00. The disclosure for this sale can be found here. 2.93% of the stock is currently owned by corporate insiders.
Several brokerages have weighed in on MSCI. Deutsche Bank Aktiengesellschaft increased their target price on shares of MSCI from $600.00 to $650.00 and gave the stock a “buy” rating in a research note on Tuesday, August 3rd. Zacks Investment Research raised shares of MSCI from a “hold” rating to a “buy” rating and set a $621.00 target price on the stock in a report on Thursday, July 29th. Barclays increased their price target on shares of MSCI from $545.00 to $700.00 and gave the company an “overweight” rating in a research note on Wednesday, July 28th. Oppenheimer raised their target price on shares of MSCI from $566.00 to $626.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 28th. Finally, Morgan Stanley lifted their price objective on shares of MSCI from $480.00 to $523.00 and gave the company an “equal weight” rating in a research report on Wednesday, July 28th. Two investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of $614.71.
MSCI, Inc engages in the provision of investment decision support tools including indices, portfolio risk and performance analytics and corporate governance products and services. The company operates through the following business segments: Index, Analytics, Environmental, Social, and Governance (ESG), Real Estate, and Burgiss.
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