Canada Pension Plan Investment Board Has $9.02 Million Position in MSCI Inc (MSCI)
Canada Pension Plan Investment Board reduced its holdings in MSCI Inc (NYSE:MSCI) by 11.1% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 77,182 shares of the technology company’s stock after selling 9,628 shares during the period. Canada Pension Plan Investment Board owned approximately 0.09% of MSCI worth $9,023,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. OppenheimerFunds Inc. lifted its holdings in MSCI by 0.3% in the first quarter. OppenheimerFunds Inc. now owns 2,958 shares of the technology company’s stock valued at $287,000 after buying an additional 8 shares during the period. Alps Advisors Inc. lifted its holdings in MSCI by 0.3% in the second quarter. Alps Advisors Inc. now owns 4,971 shares of the technology company’s stock valued at $512,000 after buying an additional 13 shares during the period. Public Employees Retirement Association of Colorado lifted its holdings in MSCI by 0.4% in the second quarter. Public Employees Retirement Association of Colorado now owns 18,289 shares of the technology company’s stock valued at $1,884,000 after buying an additional 64 shares during the period. Toronto Dominion Bank lifted its holdings in MSCI by 13.7% in the second quarter. Toronto Dominion Bank now owns 1,113 shares of the technology company’s stock valued at $115,000 after buying an additional 134 shares during the period. Finally, Douglass Winthrop Advisors LLC lifted its holdings in MSCI by 7.1% in the second quarter. Douglass Winthrop Advisors LLC now owns 2,418 shares of the technology company’s stock valued at $249,000 after buying an additional 160 shares during the period. Institutional investors and hedge funds own 95.63% of the company’s stock.
Shares of MSCI Inc (NYSE MSCI) opened at $125.02 on Friday. MSCI Inc has a 12 month low of $76.52 and a 12 month high of $128.00. The company has a quick ratio of 1.96, a current ratio of 2.05 and a debt-to-equity ratio of 5.77. The company has a market cap of $11,260.43, a P/E ratio of 34.35, a price-to-earnings-growth ratio of 3.27 and a beta of 0.86.
MSCI (NYSE:MSCI) last issued its earnings results on Thursday, November 2nd. The technology company reported $1.00 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.97 by $0.03. MSCI had a net margin of 24.97% and a return on equity of 106.15%. The firm had revenue of $322.10 million during the quarter, compared to the consensus estimate of $322.96 million. During the same quarter in the prior year, the firm earned $0.77 earnings per share. The business’s quarterly revenue was up 11.7% on a year-over-year basis. equities research analysts forecast that MSCI Inc will post 3.82 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, November 30th. Stockholders of record on Friday, November 17th will be given a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a dividend yield of 1.22%. The ex-dividend date of this dividend is Thursday, November 16th. MSCI’s dividend payout ratio is 45.37%.
In other news, COO Cd Baer Pettit sold 2,083 shares of the stock in a transaction on Monday, October 9th. The shares were sold at an average price of $121.26, for a total transaction of $252,584.58. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 2.26% of the stock is owned by corporate insiders.
Several brokerages recently weighed in on MSCI. UBS AG increased their price objective on shares of MSCI from $125.00 to $141.00 and gave the company a “buy” rating in a report on Friday, November 3rd. Zacks Investment Research downgraded shares of MSCI from a “buy” rating to a “hold” rating in a research note on Tuesday, November 7th. Morgan Stanley upped their target price on shares of MSCI from $129.00 to $130.00 and gave the company an “equal weight” rating in a research note on Friday, November 3rd. Credit Suisse Group upped their target price on shares of MSCI from $120.00 to $141.00 and gave the company an “outperform” rating in a research note on Friday, November 3rd. Finally, Cantor Fitzgerald reaffirmed a “buy” rating and issued a $126.00 target price on shares of MSCI in a research note on Thursday, November 2nd. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $127.17.
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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