BlackRock Inc. Lowers Stake in Msci Inc (MSCI)
BlackRock Inc. reduced its position in shares of Msci Inc (NYSE:MSCI) by 30.3% in the second quarter, Holdings Channel reports. The fund owned 6,512,884 shares of the technology company’s stock after selling 2,837,962 shares during the quarter. BlackRock Inc. owned approximately 0.07% of Msci worth $1,077,427,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently bought and sold shares of MSCI. Global X Management Co. LLC bought a new stake in Msci in the first quarter worth $229,000. Wells Fargo & Company MN lifted its position in Msci by 11.0% in the first quarter. Wells Fargo & Company MN now owns 309,172 shares of the technology company’s stock worth $46,211,000 after buying an additional 30,700 shares during the last quarter. Sentry Investment Management LLC bought a new stake in Msci in the first quarter worth $811,000. Sumitomo Mitsui Trust Holdings Inc. lifted its position in Msci by 6.5% in the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 430,489 shares of the technology company’s stock worth $64,345,000 after buying an additional 26,111 shares during the last quarter. Finally, Westpac Banking Corp lifted its position in Msci by 26.8% in the first quarter. Westpac Banking Corp now owns 55,544 shares of the technology company’s stock worth $8,302,000 after buying an additional 11,753 shares during the last quarter. Hedge funds and other institutional investors own 91.25% of the company’s stock.
A number of analysts recently issued reports on the company. Wells Fargo & Co raised their price target on Msci from $170.00 to $190.00 and gave the stock an “outperform” rating in a research report on Monday, June 25th. Zacks Investment Research upgraded Msci from a “sell” rating to a “hold” rating in a research report on Wednesday, May 9th. Northcoast Research restated a “neutral” rating on shares of Msci in a research report on Tuesday, June 26th. UBS Group raised their price target on Msci from $173.00 to $187.00 and gave the stock a “buy” rating in a research report on Tuesday, June 5th. Finally, Morgan Stanley raised their price target on Msci from $146.00 to $160.00 and gave the stock an “equal weight” rating in a research report on Friday, May 4th. Four equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $175.00.
Msci (NYSE:MSCI) last released its earnings results on Thursday, August 2nd. The technology company reported $1.30 earnings per share for the quarter, topping the consensus estimate of $1.28 by $0.02. Msci had a return on equity of 114.65% and a net margin of 27.83%. The business had revenue of $363.05 million during the quarter, compared to the consensus estimate of $356.01 million. During the same period last year, the company earned $0.95 earnings per share. The business’s revenue for the quarter was up 14.9% compared to the same quarter last year. sell-side analysts anticipate that Msci Inc will post 5.24 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, August 31st. Stockholders of record on Friday, August 17th will be given a dividend of $0.58 per share. This represents a $2.32 annualized dividend and a dividend yield of 1.31%. This is an increase from Msci’s previous quarterly dividend of $0.38. The ex-dividend date of this dividend is Thursday, August 16th. Msci’s dividend payout ratio (DPR) is 58.29%.
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.
Featured Story: How Do I Invest in Dividend Stocks
Want to see what other hedge funds are holding MSCI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Msci Inc (NYSE:MSCI).
Receive News & Ratings for Msci Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Msci and related companies with MarketBeat.com's FREE daily email newsletter.