Raymond James Financial Services Advisors Inc. raised its position in shares of MSCI Inc. (NYSE:MSCI – Get Rating) by 23.1% in the fourth quarter, Holdings Channel reports. The firm owned 7,183 shares of the technology company’s stock after buying an additional 1,347 shares during the period. Raymond James Financial Services Advisors Inc.’s holdings in MSCI were worth $3,346,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. RB Capital Management LLC increased its position in MSCI by 16.5% in the 1st quarter. RB Capital Management LLC now owns 1,276 shares of the technology company’s stock worth $642,000 after buying an additional 181 shares during the period. Markel Corp increased its position in MSCI by 3.4% in the 1st quarter. Markel Corp now owns 141,700 shares of the technology company’s stock worth $71,258,000 after buying an additional 4,700 shares during the period. Healthcare of Ontario Pension Plan Trust Fund increased its position in MSCI by 42.2% in the 1st quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 1,237 shares of the technology company’s stock worth $622,000 after buying an additional 367 shares during the period. Cibc World Market Inc. increased its position in MSCI by 6.0% in the 1st quarter. Cibc World Market Inc. now owns 1,831 shares of the technology company’s stock worth $921,000 after buying an additional 104 shares during the period. Finally, Prudential PLC bought a new position in MSCI in the 1st quarter worth approximately $701,000. 88.18% of the stock is owned by hedge funds and other institutional investors.
Analyst Ratings Changes
Several brokerages have recently weighed in on MSCI. Raymond James lifted their price objective on MSCI from $549.00 to $574.00 and gave the stock an “outperform” rating in a report on Thursday, April 13th. Morgan Stanley lifted their price objective on MSCI from $543.00 to $551.00 and gave the stock an “equal weight” rating in a report on Monday, March 27th. Deutsche Bank Aktiengesellschaft decreased their price objective on MSCI from $560.00 to $522.00 in a report on Wednesday, April 26th. UBS Group decreased their price objective on MSCI from $611.00 to $570.00 in a report on Wednesday, April 26th. Finally, SpectralCast reaffirmed a “maintains” rating on shares of MSCI in a research note on Wednesday, April 26th. Three research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $567.50.
MSCI Stock Down 0.5 %
MSCI (NYSE:MSCI – Get Rating) last released its earnings results on Tuesday, April 25th. The technology company reported $3.14 earnings per share for the quarter, topping analysts’ consensus estimates of $2.91 by $0.23. The company had revenue of $592.20 million during the quarter, compared to the consensus estimate of $593.92 million. MSCI had a negative return on equity of 93.49% and a net margin of 38.62%. The firm’s quarterly revenue was up 5.8% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.98 earnings per share. As a group, equities research analysts anticipate that MSCI Inc. will post 12.92 earnings per share for the current fiscal year.
MSCI Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 31st. Investors of record on Friday, May 12th will be issued a $1.38 dividend. The ex-dividend date is Thursday, May 11th. This represents a $5.52 dividend on an annualized basis and a yield of 1.17%. MSCI’s dividend payout ratio is presently 50.60%.
MSCI Company Profile
MSCI, Inc engages in the provision of investment decision support tools including indices, portfolio risk and performance analytics and corporate governance products and services. It operates through the following segments: Index, Analytics, ESG and Climate, and All Other-Private Assets. The Index segment focuses on the investment process, including developing indexed financial products.
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