Seven Eight Capital LP Sells 15,400 Shares of MSCI Inc (MSCI)
Seven Eight Capital LP decreased its stake in MSCI Inc (NYSE:MSCI) by 75.1% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 5,099 shares of the technology company’s stock after selling 15,400 shares during the period. Seven Eight Capital LP’s holdings in MSCI were worth $525,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds also recently modified their holdings of the company. Fiera Capital Corp increased its stake in shares of MSCI by 11.1% in the second quarter. Fiera Capital Corp now owns 3,750,145 shares of the technology company’s stock valued at $386,228,000 after buying an additional 375,333 shares during the period. Symphony Asset Management LLC acquired a new stake in shares of MSCI in the second quarter valued at about $876,000. Capital Fund Management S.A. increased its stake in shares of MSCI by 855.7% in the second quarter. Capital Fund Management S.A. now owns 150,481 shares of the technology company’s stock valued at $15,498,000 after buying an additional 134,735 shares during the period. Weatherstone Capital Management increased its stake in shares of MSCI by 113.0% in the second quarter. Weatherstone Capital Management now owns 6,470 shares of the technology company’s stock valued at $666,000 after buying an additional 3,432 shares during the period. Finally, AXA increased its stake in shares of MSCI by 12.0% in the second quarter. AXA now owns 48,517 shares of the technology company’s stock valued at $4,997,000 after buying an additional 5,182 shares during the period. 94.59% of the stock is owned by institutional investors.
Shares of MSCI Inc (NYSE:MSCI) opened at 113.30 on Monday. MSCI Inc has a 1-year low of $76.52 and a 1-year high of $118.06. The company’s 50-day moving average price is $112.02 and its 200 day moving average price is $103.46. The firm has a market cap of $10.20 billion, a PE ratio of 36.69 and a beta of 1.03.
MSCI (NYSE:MSCI) last released its quarterly earnings results on Thursday, August 3rd. The technology company reported $0.95 EPS for the quarter, beating analysts’ consensus estimates of $0.90 by $0.05. The business had revenue of $316.08 million during 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%. MSCI’s quarterly revenue was up 8.8% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.77 EPS. On average, analysts predict that MSCI Inc will post $3.80 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Thursday, August 31st. Shareholders of record on Friday, August 18th were given a dividend of $0.38 per share. This is a positive change from MSCI’s previous quarterly dividend of $0.28. The ex-dividend date was Wednesday, August 16th. This represents a $1.52 dividend on an annualized basis and a yield of 1.34%. MSCI’s dividend payout ratio is presently 49.03%.
In other MSCI news, COO Cd Baer Pettit sold 2,083 shares of the company’s stock in a transaction that occurred on Tuesday, September 5th. The stock was sold at an average price of $115.16, for a total transaction of $239,878.28. Following the completion of the transaction, the chief operating officer now owns 176,183 shares of the company’s stock, valued at approximately $20,289,234.28. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders have sold a total of 6,249 shares of company stock valued at $686,890 in the last ninety days. 2.26% of the stock is currently owned by corporate insiders.
Several research firms recently commented on MSCI. BidaskClub raised MSCI from a “buy” rating to a “strong-buy” rating in a research note on Thursday, July 13th. Morgan Stanley raised their target price on MSCI from $97.00 to $125.00 and gave the stock an “equal weight” rating in a research note on Monday, August 7th. Zacks Investment Research raised MSCI from a “hold” rating to a “buy” rating and set a $115.00 target price for the company in a research note on Thursday, July 6th. UBS AG raised their target price on MSCI from $115.00 to $125.00 and gave the stock a “buy” rating in a research note on Friday, August 4th. Finally, Barclays PLC began coverage on MSCI in a research note on Tuesday, July 18th. They set an “equal weight” rating and a $110.00 target price for the company. One analyst has rated the stock with a sell rating, two have given a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. MSCI currently has a consensus rating of “Buy” and an average price target 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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