Douglass Winthrop Advisors LLC Raises Stake in MSCI Inc (MSCI)
Douglass Winthrop Advisors LLC boosted its stake in MSCI Inc (NYSE:MSCI) by 7.1% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 2,418 shares of the technology company’s stock after buying an additional 160 shares during the period. Douglass Winthrop Advisors LLC’s holdings in MSCI were worth $249,000 as of its most recent SEC filing.
A number of other institutional investors have also recently modified their holdings of the company. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. boosted its position in shares of MSCI by 9.0% in the first quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 17,884 shares of the technology company’s stock valued at $1,738,000 after buying an additional 1,472 shares in the last quarter. Canada Pension Plan Investment Board boosted its position in shares of MSCI by 932.6% in the first quarter. Canada Pension Plan Investment Board now owns 38,310 shares of the technology company’s stock valued at $3,723,000 after buying an additional 34,600 shares in the last quarter. Oregon Public Employees Retirement Fund boosted its position in shares of MSCI by 0.7% in the first quarter. Oregon Public Employees Retirement Fund now owns 57,433 shares of the technology company’s stock valued at $5,582,000 after buying an additional 400 shares in the last quarter. Sumitomo Mitsui Asset Management Company LTD boosted its position in shares of MSCI by 12.8% in the first quarter. Sumitomo Mitsui Asset Management Company LTD now owns 7,212 shares of the technology company’s stock valued at $700,000 after buying an additional 820 shares in the last quarter. Finally, Russell Investments Group Ltd. boosted its position in shares of MSCI by 27.3% in the first quarter. Russell Investments Group Ltd. now owns 743,504 shares of the technology company’s stock valued at $72,275,000 after buying an additional 159,381 shares in the last quarter. 95.87% of the stock is owned by hedge funds and other institutional investors.
MSCI Inc (NYSE:MSCI) opened at 111.12 on Friday. The stock has a market cap of $10.01 billion, a P/E ratio of 35.98 and a beta of 1.04. The firm’s 50-day moving average price is $107.93 and its 200 day moving average price is $100.54. MSCI Inc has a 52-week low of $76.52 and a 52-week high of $113.38.
MSCI (NYSE:MSCI) last announced its quarterly earnings data on Thursday, August 3rd. The technology company reported $0.95 EPS for the quarter, beating analysts’ consensus estimates of $0.90 by $0.05. MSCI had a return on equity of 87.11% and a net margin of 24.01%. The company had revenue of $316.08 million during the quarter, compared to the consensus estimate of $314.03 million. During the same quarter in the prior year, the firm earned $0.77 EPS. The company’s quarterly revenue was up 8.8% compared to the same quarter last year. Equities analysts predict that MSCI Inc will post $3.80 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, August 31st. Stockholders of record on Friday, August 18th will be given a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a dividend yield of 1.37%. The ex-dividend date of this dividend is Wednesday, August 16th. This is an increase from MSCI’s previous quarterly dividend of $0.28. MSCI’s dividend payout ratio is 49.03%.
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Several equities analysts recently issued reports on the company. UBS AG lifted their price objective on MSCI from $115.00 to $125.00 and gave the stock a “buy” rating in a report on Friday, August 4th. Morgan Stanley lifted their price objective on MSCI from $97.00 to $125.00 and gave the stock an “equal weight” rating in a report on Monday, August 7th. Barclays PLC assumed coverage on MSCI in a report on Tuesday, July 18th. They set an “equal weight” rating and a $110.00 price objective for the company. BidaskClub raised MSCI from a “buy” rating to a “strong-buy” rating in a report on Thursday, July 13th. Finally, Zacks Investment Research raised MSCI from a “hold” rating to a “buy” rating and set a $115.00 price objective for the company in a report on Thursday, July 6th. One analyst has rated the stock with a sell rating, two have issued a hold rating, four have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $106.29.
In other news, COO Cd Baer Pettit sold 2,083 shares of the stock in a transaction on Monday, July 3rd. The stock was sold at an average price of $103.44, for a total transaction of $215,465.52. Following the completion of the sale, the chief operating officer now owns 180,349 shares in the company, valued at approximately $18,655,300.56. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders have sold a total of 6,249 shares of company stock valued at $663,581 in the last quarter. Insiders own 2.26% of the company’s stock.
MSCI Company Profile
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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