Victory Capital Management Inc. increased its stake in shares of MSCI Inc. (NYSE:MSCI) by 13.3% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 469,351 shares of the technology company’s stock after acquiring an additional 55,166 shares during the quarter. Victory Capital Management Inc. owned about 0.57% of MSCI worth $167,455,000 at the end of the most recent quarter.
Other institutional investors have also added to or reduced their stakes in the company. BlackRock Inc. increased its stake in MSCI by 1.0% in the 3rd quarter. BlackRock Inc. now owns 6,792,642 shares of the technology company’s stock worth $2,423,478,000 after buying an additional 64,278 shares during the period. FMR LLC boosted its stake in MSCI by 18.7% during the 2nd quarter. FMR LLC now owns 3,528,952 shares of the technology company’s stock worth $1,178,035,000 after purchasing an additional 556,688 shares during the last quarter. Winslow Capital Management LLC boosted its position in shares of MSCI by 93.0% during the 2nd quarter. Winslow Capital Management LLC now owns 734,295 shares of the technology company’s stock valued at $245,123,000 after acquiring an additional 353,857 shares during the last quarter. Bank of New York Mellon Corp raised its holdings in MSCI by 2.1% in the 2nd quarter. Bank of New York Mellon Corp now owns 609,774 shares of the technology company’s stock valued at $203,553,000 after buying an additional 12,415 shares during the period. Finally, Neuberger Berman Group LLC increased its stake in MSCI by 11.6% during the second quarter. Neuberger Berman Group LLC now owns 537,916 shares of the technology company’s stock worth $179,542,000 after purchasing an additional 55,818 shares during the period. 91.86% of the stock is currently owned by institutional investors.
In related news, COO Cd Baer Pettit sold 2,500 shares of the business’s stock in a transaction that occurred on Monday, October 5th. The stock was sold at an average price of $350.37, for a total transaction of $875,925.00. Following the completion of the transaction, the chief operating officer now owns 275,539 shares in the company, valued at approximately $96,540,599.43. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders have sold a total of 7,500 shares of company stock valued at $2,705,075 in the last 90 days. Insiders own 2.94% of the company’s stock.
Several equities research analysts have recently weighed in on the company. UBS Group increased their price objective on MSCI from $342.00 to $375.00 and gave the company a “neutral” rating in a report on Wednesday, July 29th. Morgan Stanley upped their price target on MSCI from $384.00 to $391.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 28th. Zacks Investment Research cut MSCI from a “buy” rating to a “hold” rating and set a $383.00 price target for the company. in a research note on Thursday, August 6th. Finally, Oppenheimer started coverage on MSCI in a research note on Monday, October 5th. They set an “outperform” rating and a $416.00 price target for the company. Five investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. MSCI currently has a consensus rating of “Buy” and a consensus target price of $372.78.
Shares of MSCI traded down $2.03 during mid-day trading on Tuesday, hitting $395.57. The stock had a trading volume of 3,037 shares, compared to its average volume of 597,343. The company has a market cap of $32.96 billion, a PE ratio of 59.43 and a beta of 0.85. The company’s fifty day simple moving average is $364.80 and its two-hundred day simple moving average is $353.12. MSCI Inc. has a fifty-two week low of $218.65 and a fifty-two week high of $437.35.
MSCI (NYSE:MSCI) last issued its earnings results on Tuesday, October 27th. The technology company reported $2.20 EPS for the quarter, topping the consensus estimate of $1.83 by $0.37. MSCI had a negative return on equity of 226.94% and a net margin of 34.28%. The company had revenue of $425.33 million during the quarter, compared to analyst estimates of $424.48 million. During the same quarter last year, the firm earned $1.68 EPS. The business’s revenue was up 7.9% on a year-over-year basis. On average, equities analysts anticipate that MSCI Inc. will post 7.81 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, November 30th. Investors of record on Friday, November 13th will be given a dividend of $0.78 per share. The ex-dividend date of this dividend is Thursday, November 12th. This represents a $3.12 dividend on an annualized basis and a yield of 0.79%. MSCI’s dividend payout ratio is currently 48.45%.
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, broker-dealer structured products, and asset allocation.
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