Oakbrook Investments LLC boosted its holdings in MSCI Inc (NYSE:MSCI) by 18.6% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 7,985 shares of the technology company’s stock after purchasing an additional 1,250 shares during the quarter. Oakbrook Investments LLC’s holdings in MSCI were worth $933,000 as of its most recent SEC filing.
A number of other hedge funds have also bought and sold shares of MSCI. Mitsubishi UFJ Asset Management UK Ltd. bought a new position in shares of MSCI during the 2nd quarter valued at approximately $1,854,000. Nationwide Fund Advisors boosted its position in shares of MSCI by 68.6% during the 2nd quarter. Nationwide Fund Advisors now owns 400,163 shares of the technology company’s stock valued at $41,213,000 after acquiring an additional 162,774 shares during the last quarter. Capital Fund Management S.A. boosted its position in shares of MSCI by 855.7% during the 2nd quarter. Capital Fund Management S.A. now owns 150,481 shares of the technology company’s stock valued at $15,498,000 after acquiring an additional 134,735 shares during the last quarter. Prudential Financial Inc. boosted its position in shares of MSCI by 27.4% during the 2nd quarter. Prudential Financial Inc. now owns 469,318 shares of the technology company’s stock valued at $48,335,000 after acquiring an additional 101,000 shares during the last quarter. Finally, Birinyi Associates Inc. boosted its position in shares of MSCI by 18.2% during the 2nd quarter. Birinyi Associates Inc. now owns 3,250 shares of the technology company’s stock valued at $335,000 after acquiring an additional 500 shares during the last quarter. Institutional investors and hedge funds own 95.63% of the company’s stock.
In related news, COO Cd Baer Pettit sold 2,083 shares of the firm’s stock in a transaction dated Monday, October 9th. The stock was sold at an average price of $121.26, for a total transaction of $252,584.58. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. 2.26% of the stock is owned by company insiders.
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MSCI Inc (MSCI) traded down $2.86 on Friday, hitting $125.02. The stock had a trading volume of 312,000 shares, compared to its average volume of 515,980. MSCI Inc has a fifty-two week low of $76.52 and a fifty-two week high of $128.00. The company has a quick ratio of 1.96, a current ratio of 2.05 and a debt-to-equity ratio of 5.77. The company has a market cap of $11,518.00, a P/E ratio of 35.13, a price-to-earnings-growth ratio of 3.35 and a beta of 0.86.
MSCI (NYSE:MSCI) last posted its quarterly earnings results on Thursday, November 2nd. The technology company reported $1.00 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.97 by $0.03. MSCI had a return on equity of 106.15% and a net margin of 24.97%. The business had revenue of $322.10 million for the quarter, compared to the consensus estimate of $322.96 million. During the same quarter in the prior year, the company earned $0.77 EPS. The business’s revenue was up 11.7% compared to the same quarter last year. equities analysts forecast that MSCI Inc will post 3.82 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, November 30th. Investors of record on Friday, November 17th will be given a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a yield of 1.22%. The ex-dividend date is Thursday, November 16th. MSCI’s payout ratio is currently 45.37%.
Several research firms recently weighed in on MSCI. Zacks Investment Research lowered MSCI from a “buy” rating to a “hold” rating in a report on Tuesday. Morgan Stanley restated an “equal weight” rating and set a $97.00 price target (down previously from $98.00) on shares of MSCI in a report on Tuesday, July 18th. Barclays PLC began coverage on MSCI in a report on Tuesday, July 18th. They set an “equal weight” rating and a $110.00 price target on the stock. UBS AG increased their price target on MSCI from $115.00 to $125.00 and gave the company a “buy” rating in a report on Friday, August 4th. Finally, Credit Suisse Group increased their price target on MSCI from $120.00 to $141.00 and gave the company an “outperform” rating in a report on Friday, November 3rd. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $127.17.
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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