Investec Asset Management North America Inc. Sells 406 Shares of Msci Inc (MSCI)
Investec Asset Management North America Inc. cut its position in shares of Msci Inc (NYSE:MSCI) by 1.1% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 36,039 shares of the technology company’s stock after selling 406 shares during the quarter. Investec Asset Management North America Inc.’s holdings in Msci were worth $5,962,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Hartford Investment Management Co. grew its holdings in shares of Msci by 867.1% during the second quarter. Hartford Investment Management Co. now owns 14,265 shares of the technology company’s stock worth $2,360,000 after buying an additional 12,790 shares in the last quarter. Bayesian Capital Management LP purchased a new stake in shares of Msci during the first quarter worth about $1,047,000. Wetherby Asset Management Inc. purchased a new stake in shares of Msci during the first quarter worth about $311,000. DnB Asset Management AS grew its holdings in shares of Msci by 4.7% during the second quarter. DnB Asset Management AS now owns 11,200 shares of the technology company’s stock worth $1,853,000 after buying an additional 500 shares in the last quarter. Finally, Principal Financial Group Inc. grew its holdings in shares of Msci by 0.8% during the first quarter. Principal Financial Group Inc. now owns 936,127 shares of the technology company’s stock worth $139,922,000 after buying an additional 6,983 shares in the last quarter. Institutional investors and hedge funds own 91.25% of the company’s stock.
A number of equities research analysts have recently commented on MSCI shares. ValuEngine upgraded shares of Msci from a “hold” rating to a “buy” rating in a report on Wednesday, May 2nd. Cantor Fitzgerald reissued a “buy” rating and issued a $163.00 target price on shares of Msci in a research report on Thursday, May 3rd. Morgan Stanley raised their target price on shares of Msci from $146.00 to $160.00 and gave the stock an “equal weight” rating in a research report on Friday, May 4th. Zacks Investment Research raised shares of Msci from a “sell” rating to a “hold” rating in a research report on Wednesday, May 9th. Finally, UBS Group raised their target price on shares of Msci from $173.00 to $187.00 and gave the stock a “buy” rating in a research report on Tuesday, June 5th. Four equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $175.00.
Msci (NYSE:MSCI) last released its earnings results on Thursday, August 2nd. The technology company reported $1.30 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.28 by $0.02. Msci had a net margin of 27.83% and a return on equity of 114.65%. The business had revenue of $363.05 million for the quarter, compared to analysts’ expectations of $356.01 million. During the same period last year, the company earned $0.95 earnings per share. The company’s quarterly revenue was up 14.9% on a year-over-year basis. equities research analysts anticipate that Msci Inc will post 5.24 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, August 31st. Investors of record on Friday, August 17th will be given a $0.58 dividend. The ex-dividend date is Thursday, August 16th. This is a boost from Msci’s previous quarterly dividend of $0.38. This represents a $2.32 annualized dividend and a dividend yield of 1.31%. Msci’s dividend payout ratio (DPR) is currently 58.29%.
Msci Company Profile
MSCI Inc, together with its subsidiaries, provides investment decision support tools for the clients to manage their investment processes worldwide. The company operates through four segments: Index, Analytics, ESG, and Real Estate. The Index segment primarily provides equity indexes for use 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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