Tudor Investment Corp ET AL Has $1.10 Million Stake in MSCI Inc (MSCI)
Tudor Investment Corp ET AL cut its position in MSCI Inc (NYSE:MSCI) by 46.1% during the first quarter, according to its most recent disclosure with the SEC. The firm owned 11,324 shares of the technology company’s stock after selling 9,703 shares during the period. Tudor Investment Corp ET AL’s holdings in MSCI were worth $1,101,000 at the end of the most recent quarter.
A number of other institutional investors have also added to or reduced their stakes in MSCI. OppenheimerFunds Inc. boosted its position in MSCI by 0.3% in the first quarter. OppenheimerFunds Inc. now owns 2,958 shares of the technology company’s stock worth $287,000 after buying an additional 8 shares during the last quarter. Private Advisor Group LLC boosted its position in MSCI by 0.6% in the first quarter. Private Advisor Group LLC now owns 3,152 shares of the technology company’s stock worth $308,000 after buying an additional 20 shares during the last quarter. PNC Financial Services Group Inc. boosted its position in MSCI by 0.4% in the first quarter. PNC Financial Services Group Inc. now owns 8,751 shares of the technology company’s stock worth $851,000 after buying an additional 38 shares during the last quarter. Pacer Advisors Inc. boosted its position in MSCI by 2.9% in the first quarter. Pacer Advisors Inc. now owns 1,639 shares of the technology company’s stock worth $159,000 after buying an additional 46 shares during the last quarter. Finally, Weatherstone Capital Management boosted its position in MSCI by 2.8% in the first quarter. Weatherstone Capital Management now owns 3,038 shares of the technology company’s stock worth $295,000 after buying an additional 82 shares during the last quarter. 95.04% of the stock is owned by institutional investors.
Shares of MSCI Inc (MSCI) traded up 0.9642% during trading on Wednesday, hitting $103.6801. The company’s stock had a trading volume of 20,347 shares. The stock has a market cap of $9.38 billion, a PE ratio of 35.7394 and a beta of 1.00. MSCI Inc has a one year low of $71.51 and a one year high of $109.29. The company has a 50-day moving average price of $101.35 and a 200-day moving average price of $92.99.
MSCI (NYSE:MSCI) last announced its quarterly earnings data on Thursday, May 4th. The technology company reported $0.88 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.85 by $0.03. MSCI had a return on equity of 72.33% and a net margin of 23.31%. The company had revenue of $301.21 million for the quarter, compared to analyst estimates of $303.88 million. During the same quarter in the previous year, the company earned $0.68 EPS. The firm’s revenue for the quarter was up 8.0% compared to the same quarter last year. Equities analysts predict that MSCI Inc will post $3.63 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, May 31st. Shareholders of record on Friday, May 19th were issued a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a yield of 1.09%. The ex-dividend date was Wednesday, May 17th. MSCI’s dividend payout ratio is presently 38.62%.
A number of equities analysts recently weighed in on the company. BidaskClub cut MSCI from a “strong-buy” rating to a “buy” rating in a report on Thursday, June 22nd. Credit Suisse Group reduced their price target on MSCI from $105.00 to $94.00 and set an “outperform” rating for the company in a report on Friday, May 5th. Cantor Fitzgerald reaffirmed a “buy” rating and issued a $100.00 price target on shares of MSCI in a report on Friday, May 5th. Morgan Stanley upped their price target on MSCI from $93.00 to $98.00 and gave the stock an “equal weight” rating in a report on Monday, May 8th. Finally, Zacks Investment Research cut MSCI from a “buy” rating to a “hold” rating in a report on Saturday, March 11th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the stock. MSCI has a consensus rating of “Hold” and a consensus price target of $95.20.
In other news, COO Cd Baer Pettit sold 2,083 shares of MSCI stock in a transaction that occurred on Monday, May 8th. The shares were sold at an average price of $99.57, for a total transaction of $207,404.31. Following the completion of the sale, the chief operating officer now directly owns 184,515 shares in the company, valued at approximately $18,372,158.55. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Over the last quarter, insiders have sold 6,249 shares of company stock valued at $627,004. Insiders own 2.26% of the company’s stock.
MSCI Inc offers products and services to support the needs of institutional investors throughout their investment processes. Its segments include Index, Analytics and All Other segment. All Other segment comprises environmental, social and governance (ESG) and Real Estate segments. Its indexes are used 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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