Cambridge Financial Group Inc. trimmed its holdings in shares of Msci Inc (NYSE:MSCI) by 4.0% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 25,259 shares of the technology company’s stock after selling 1,040 shares during the period. Msci accounts for about 4.9% of Cambridge Financial Group Inc.’s investment portfolio, making the stock its biggest holding. Cambridge Financial Group Inc.’s holdings in Msci were worth $7,299,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also bought and sold shares of the company. Global Retirement Partners LLC increased its stake in Msci by 21.6% in the first quarter. Global Retirement Partners LLC now owns 197 shares of the technology company’s stock valued at $57,000 after purchasing an additional 35 shares in the last quarter. Gideon Capital Advisors Inc. increased its stake in Msci by 1.8% in the fourth quarter. Gideon Capital Advisors Inc. now owns 2,068 shares of the technology company’s stock valued at $534,000 after purchasing an additional 37 shares in the last quarter. Ellevest Inc. increased its stake in Msci by 42.4% in the first quarter. Ellevest Inc. now owns 131 shares of the technology company’s stock valued at $38,000 after purchasing an additional 39 shares in the last quarter. Segment Wealth Management LLC increased its stake in Msci by 3.0% in the first quarter. Segment Wealth Management LLC now owns 1,360 shares of the technology company’s stock valued at $393,000 after purchasing an additional 40 shares in the last quarter. Finally, Private Capital Group LLC increased its stake in Msci by 6.2% in the first quarter. Private Capital Group LLC now owns 752 shares of the technology company’s stock valued at $217,000 after purchasing an additional 44 shares in the last quarter. 91.01% of the stock is owned by institutional investors and hedge funds.
Several brokerages have commented on MSCI. Wells Fargo & Co upped their target price on shares of Msci from $270.00 to $335.00 and gave the company an “overweight” rating in a research note on Friday, January 31st. William Blair reissued a “market perform” rating on shares of Msci in a research report on Friday, January 24th. Morgan Stanley increased their price objective on shares of Msci from $299.00 to $314.00 and gave the stock an “equal weight” rating in a research report on Wednesday, April 29th. BMO Capital Markets increased their price objective on shares of Msci from $311.00 to $346.00 and gave the stock an “outperform” rating in a research report on Thursday, April 30th. Finally, UBS Group lowered their price objective on shares of Msci from $299.00 to $268.00 and set a “neutral” rating for the company in a research report on Friday, March 13th. Five research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Msci presently has a consensus rating of “Buy” and a consensus price target of $302.89.
MSCI traded up $4.62 during trading hours on Friday, hitting $337.97. 356,495 shares of the company’s stock were exchanged, compared to its average volume of 514,778. Msci Inc has a 1-year low of $206.82 and a 1-year high of $356.66. The stock’s 50-day moving average is $319.04 and its two-hundred day moving average is $284.04. The stock has a market cap of $27.87 billion, a price-to-earnings ratio of 54.16 and a beta of 0.97.
Msci (NYSE:MSCI) last announced its earnings results on Tuesday, April 28th. The technology company reported $1.90 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.68 by $0.22. Msci had a net margin of 33.28% and a negative return on equity of 286.63%. The business had revenue of $416.78 million during the quarter, compared to analysts’ expectations of $406.36 million. During the same quarter in the prior year, the company posted $1.55 earnings per share. The firm’s revenue was up 12.2% on a year-over-year basis. As a group, sell-side analysts anticipate that Msci Inc will post 7.06 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, May 29th. Investors of record on Friday, May 15th will be issued a dividend of $0.68 per share. This represents a $2.72 annualized dividend and a yield of 0.80%. The ex-dividend date is Thursday, May 14th. Msci’s payout ratio is 42.24%.
In related news, COO Cd Baer Pettit sold 1,903 shares of the stock in a transaction on Monday, April 6th. The shares were sold at an average price of $286.43, for a total transaction of $545,076.29. Following the completion of the transaction, the chief operating officer now owns 290,845 shares in the company, valued at $83,306,733.35. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders have sold 6,903 shares of company stock valued at $2,123,051 in the last 90 days. 2.94% of the stock is currently owned by corporate insiders.
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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