Millennium Management LLC increased its stake in MSCI (NYSE:MSCI) by 34.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 732,450 shares of the technology company’s stock after buying an additional 185,742 shares during the period. Millennium Management LLC owned about 0.81% of MSCI worth $92,684,000 at the end of the most recent reporting period.
Several other large investors also recently modified their holdings of the stock. Sciencast Management LP bought a new stake in shares of MSCI in the fourth quarter worth $548,000. Meadow Creek Investment Management LLC increased its stake in shares of MSCI by 309.1% in the fourth quarter. Meadow Creek Investment Management LLC now owns 12,600 shares of the technology company’s stock worth $1,594,000 after buying an additional 9,520 shares during the last quarter. Ladenburg Thalmann Financial Services Inc. increased its stake in shares of MSCI by 6.2% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 26,254 shares of the technology company’s stock worth $3,323,000 after buying an additional 1,537 shares during the last quarter. Elkfork Partners LLC increased its stake in shares of MSCI by 197.5% in the fourth quarter. Elkfork Partners LLC now owns 7,200 shares of the technology company’s stock worth $911,000 after buying an additional 4,780 shares during the last quarter. Finally, HBK Investments L P increased its stake in shares of MSCI by 68.1% in the fourth quarter. HBK Investments L P now owns 17,478 shares of the technology company’s stock worth $2,212,000 after buying an additional 7,079 shares during the last quarter. Institutional investors and hedge funds own 92.10% of the company’s stock.
Several analysts have weighed in on MSCI shares. Cantor Fitzgerald boosted their target price on shares of MSCI to $163.00 and gave the company an “overweight” rating in a research note on Friday, February 2nd. Morgan Stanley boosted their target price on shares of MSCI from $135.00 to $146.00 and gave the company an “equal weight” rating in a research note on Wednesday, January 31st. Barclays reiterated a “hold” rating and set a $135.00 target price on shares of MSCI in a research note on Tuesday, December 19th. Zacks Investment Research lowered shares of MSCI from a “strong-buy” rating to a “hold” rating in a research note on Thursday. Finally, UBS reiterated a “buy” rating and set a $177.00 target price (down previously from $180.00) on shares of MSCI in a research note on Friday, March 2nd. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $153.33.
MSCI stock traded down $2.46 during trading on Friday, hitting $144.05. 1,081,436 shares of the company’s stock traded hands, compared to its average volume of 2,077,365. MSCI has a 52 week low of $95.01 and a 52 week high of $159.98. The firm has a market cap of $13,177.73, a price-to-earnings ratio of 36.19, a PEG ratio of 2.72 and a beta of 0.83. The company has a debt-to-equity ratio of 5.18, a current ratio of 2.09 and a quick ratio of 2.09.
MSCI (NYSE:MSCI) last announced its quarterly earnings results on Thursday, February 1st. The technology company reported $1.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.99 by $0.16. MSCI had a net margin of 23.86% and a return on equity of 108.68%. The company had revenue of $334.80 million during the quarter, compared to the consensus estimate of $333.68 million. During the same quarter in the previous year, the company posted $0.81 earnings per share. The company’s revenue for the quarter was up 14.3% compared to the same quarter last year. analysts expect that MSCI will post 5.4 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Thursday, March 15th. Stockholders of record on Friday, February 16th were issued a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a dividend yield of 1.06%. The ex-dividend date of this dividend was Thursday, February 15th. MSCI’s dividend payout ratio (DPR) is 38.19%.
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MSCI Company Profile
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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