Weatherstone Capital Management Purchases 3,432 Shares of MSCI Inc (MSCI)
Weatherstone Capital Management boosted its position in shares of MSCI Inc (NYSE:MSCI) by 113.0% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 6,470 shares of the technology company’s stock after purchasing an additional 3,432 shares during the quarter. MSCI comprises 0.4% of Weatherstone Capital Management’s holdings, making the stock its 25th biggest position. Weatherstone Capital Management’s holdings in MSCI were worth $666,000 at the end of the most recent quarter.
Other large investors have also recently made changes to their positions in the company. Penserra Capital Management LLC bought a new stake in MSCI during the 2nd quarter worth about $101,000. Van ECK Associates Corp raised its holdings in MSCI by 6.8% during the 1st quarter. Van ECK Associates Corp now owns 1,494 shares of the technology company’s stock worth $145,000 after purchasing an additional 95 shares during the last quarter. OLD Mutual Customised Solutions Proprietary Ltd. raised its holdings in MSCI by 115.0% during the 1st quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 1,505 shares of the technology company’s stock worth $146,000 after purchasing an additional 805 shares during the last quarter. Pacer Advisors Inc. raised its holdings in MSCI by 2.9% during the 1st quarter. Pacer Advisors Inc. now owns 1,639 shares of the technology company’s stock worth $159,000 after purchasing an additional 46 shares during the last quarter. Finally, Copper Rock Capital Partners LLC raised its holdings in MSCI by 309.1% during the 2nd quarter. Copper Rock Capital Partners LLC now owns 2,078 shares of the technology company’s stock worth $164,000 after purchasing an additional 1,570 shares during the last quarter. 94.46% of the stock is owned by hedge funds and other institutional investors.
Shares of MSCI Inc (MSCI) traded up 0.76% during mid-day trading on Friday, hitting $114.89. The stock had a trading volume of 396,339 shares. MSCI Inc has a 1-year low of $76.52 and a 1-year high of $115.93. The stock’s 50-day moving average is $111.25 and its 200-day moving average is $102.75. The firm has a market capitalization of $10.35 billion, a PE ratio of 37.21 and a beta of 1.03.
MSCI (NYSE:MSCI) last posted its quarterly earnings data on Thursday, August 3rd. The technology company reported $0.95 EPS for the quarter, topping the Zacks’ consensus estimate of $0.90 by $0.05. The company had revenue of $316.08 million for the quarter, compared to analyst estimates of $314.03 million. MSCI had a return on equity of 87.11% and a net margin of 24.01%. The firm’s quarterly revenue was up 8.8% on a year-over-year basis. During the same period in the previous year, the firm earned $0.77 earnings per share. Equities analysts expect that MSCI Inc will post $3.80 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 31st. Investors of record on Friday, August 18th were paid a $0.38 dividend. This is a positive change from MSCI’s previous quarterly dividend of $0.28. This represents a $1.52 dividend on an annualized basis and a dividend yield of 1.32%. The ex-dividend date of this dividend was Wednesday, August 16th. MSCI’s payout ratio is currently 49.03%.
In related news, COO Cd Baer Pettit sold 2,083 shares of MSCI stock in a transaction that occurred on Monday, August 7th. The stock was sold at an average price of $111.16, for a total value of $231,546.28. Following the transaction, the chief operating officer now directly owns 178,266 shares of the company’s stock, valued at $19,816,048.56. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Over the last ninety days, insiders sold 6,249 shares of company stock worth $686,890. 2.26% of the stock is owned by insiders.
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Several brokerages have weighed in on MSCI. UBS AG boosted 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 boosted 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 began 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 a consensus rating of “Buy” and an average target price of $106.29.
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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