Ossiam Acquires Shares of 248 Msci Inc (NYSE:MSCI)
Ossiam acquired a new stake in Msci Inc (NYSE:MSCI) in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund acquired 248 shares of the technology company’s stock, valued at approximately $59,000.
A number of other hedge funds also recently made changes to their positions in the business. AJO LP bought a new position in Msci in the first quarter worth $29,018,000. Bank of New York Mellon Corp boosted its position in Msci by 1.4% in the second quarter. Bank of New York Mellon Corp now owns 837,959 shares of the technology company’s stock worth $200,096,000 after purchasing an additional 11,727 shares during the last quarter. NumerixS Investment Technologies Inc boosted its position in Msci by 117.9% in the first quarter. NumerixS Investment Technologies Inc now owns 8,744 shares of the technology company’s stock worth $1,720,000 after purchasing an additional 4,732 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its position in Msci by 2.6% in the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 4,930 shares of the technology company’s stock worth $980,000 after purchasing an additional 127 shares during the last quarter. Finally, Mitsubishi UFJ Securities Holdings Co. Ltd. purchased a new position in Msci in the second quarter worth about $272,000. Hedge funds and other institutional investors own 92.03% of the company’s stock.
Shares of NYSE MSCI traded down $2.75 during trading on Friday, hitting $229.64. The company had a trading volume of 542,520 shares, compared to its average volume of 520,709. The stock has a 50 day simple moving average of $229.14 and a 200 day simple moving average of $221.25. Msci Inc has a 12 month low of $134.28 and a 12 month high of $247.57. The firm has a market capitalization of $19.20 billion, a P/E ratio of 42.92, a price-to-earnings-growth ratio of 3.59 and a beta of 1.13.
The business also recently disclosed a quarterly dividend, which was paid on Friday, August 30th. Stockholders of record on Friday, August 16th were paid a $0.68 dividend. The ex-dividend date was Thursday, August 15th. This represents a $2.72 annualized dividend and a dividend yield of 1.18%. This is an increase from Msci’s previous quarterly dividend of $0.58. Msci’s dividend payout ratio (DPR) is 50.84%.
MSCI has been the topic of several research reports. Morgan Stanley raised their target price on Msci from $223.00 to $240.00 and gave the stock an “equal weight” rating in a research report on Friday, July 19th. UBS Group cut Msci from a “buy” rating to a “neutral” rating and raised their target price for the stock from $234.00 to $258.00 in a research report on Monday, July 8th. Finally, TheStreet raised Msci from a “c+” rating to a “b-” rating in a research report on Monday, September 9th. Four analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $217.63.
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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