State Board of Administration of Florida Retirement System reduced its position in shares of Msci Inc (NYSE:MSCI) by 3.6% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 139,934 shares of the technology company’s stock after selling 5,170 shares during the period. State Board of Administration of Florida Retirement System’s holdings in Msci were worth $13,600,000 as of its most recent filing with the SEC.
Other large investors also recently bought and sold shares of the company. Janus Capital Management LLC raised its stake in Msci by 6.2% in the fourth quarter. Janus Capital Management LLC now owns 4,573,858 shares of the technology company’s stock worth $360,329,000 after buying an additional 266,322 shares in the last quarter. Fiera Capital Corp raised its stake in Msci by 9.0% in the fourth quarter. Fiera Capital Corp now owns 3,234,794 shares of the technology company’s stock worth $254,836,000 after buying an additional 268,093 shares in the last quarter. Norges Bank bought a new stake in Msci during the fourth quarter worth about $70,214,000. AQR Capital Management LLC raised its stake in Msci by 7.7% in the fourth quarter. AQR Capital Management LLC now owns 878,010 shares of the technology company’s stock worth $69,170,000 after buying an additional 62,936 shares in the last quarter. Finally, Northern Trust Corp raised its stake in Msci by 6.2% in the third quarter. Northern Trust Corp now owns 827,094 shares of the technology company’s stock worth $69,426,000 after buying an additional 48,643 shares in the last quarter. 99.15% of the stock is currently owned by institutional investors.
Shares of Msci Inc (NYSE:MSCI) traded down 0.44% during midday trading on Friday, hitting $97.85. The stock had a trading volume of 152,659 shares. The company has a market cap of $8.85 billion, a P/E ratio of 33.73 and a beta of 1.01. The stock has a 50 day moving average of $98.11 and a 200-day moving average of $88.42. Msci Inc has a one year low of $71.51 and a one year high of $109.29.
Msci (NYSE:MSCI) last announced its quarterly earnings results on Thursday, May 4th. The technology company reported $0.88 earnings per share for the quarter, topping analysts’ consensus estimates of $0.85 by $0.03. The business had revenue of $301.21 million for the quarter, compared to analysts’ expectations of $303.88 million. Msci had a return on equity of 51.47% and a net margin of 22.67%. The business’s quarterly revenue was up 8.0% on a year-over-year basis. During the same period in the prior year, the firm earned $0.68 EPS. Analysts forecast that Msci Inc will post $3.63 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, May 31st. Stockholders of record on Friday, May 19th will be given a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a dividend yield of 1.14%. The ex-dividend date of this dividend is Wednesday, May 17th. Msci’s payout ratio is 41.48%.
A number of equities research analysts have issued reports on MSCI shares. Cantor Fitzgerald reaffirmed a “buy” rating and issued a $100.00 price target on shares of Msci in a research report on Friday, May 5th. Zacks Investment Research raised Msci from a “hold” rating to a “buy” rating and set a $107.00 price target on the stock in a research report on Wednesday, March 15th. Morgan Stanley increased their price target on Msci from $93.00 to $98.00 and gave the company an “equal weight” rating in a research report on Monday. Finally, Credit Suisse Group AG reduced their price target on Msci from $105.00 to $94.00 and set an “outperform” rating on the stock in a research report on Friday, May 5th. One research analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $95.20.
In other news, Director Rodolphe M. Vallee sold 11,000 shares of the stock in a transaction that occurred on Monday, February 13th. The stock was sold at an average price of $92.58, for a total transaction of $1,018,380.00. Following the sale, the director now directly owns 24,912 shares in the company, valued at approximately $2,306,352.96. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Cd Baer Pettit sold 2,083 shares of the stock in a transaction that occurred on Monday, March 6th. The stock was sold at an average price of $94.96, for a total value of $197,801.68. Following the sale, the chief operating officer now owns 188,681 shares in the company, valued at $17,917,147.76. The disclosure for this sale can be found here. Insiders have sold a total of 22,649 shares of company stock worth $2,137,159 over the last quarter. Insiders own 2.07% of the company’s stock.
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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