Lincoln National Corp purchased a new position in MSCI (NYSE:MSCI) in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 1,406 shares of the technology company’s stock, valued at approximately $210,000.
A number of other hedge funds also recently added to or reduced their stakes in MSCI. BlackRock Inc. grew its stake in MSCI by 5.4% in the 4th quarter. BlackRock Inc. now owns 8,900,049 shares of the technology company’s stock worth $1,126,212,000 after buying an additional 456,004 shares in the last quarter. Renaissance Technologies LLC grew its stake in MSCI by 72.3% in the 4th quarter. Renaissance Technologies LLC now owns 748,115 shares of the technology company’s stock worth $94,666,000 after buying an additional 313,894 shares in the last quarter. Goldman Sachs Group Inc. grew its stake in MSCI by 26.4% in the 4th quarter. Goldman Sachs Group Inc. now owns 1,321,578 shares of the technology company’s stock worth $167,233,000 after buying an additional 276,026 shares in the last quarter. Millennium Management LLC grew its stake in MSCI by 34.0% in the 4th quarter. Millennium Management LLC now owns 732,450 shares of the technology company’s stock worth $92,684,000 after buying an additional 185,742 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA purchased a new position in MSCI in the 1st quarter worth approximately $19,401,000. 92.27% of the stock is owned by institutional investors and hedge funds.
In other news, insider Richard J. Napolitano sold 3,362 shares of the business’s stock in a transaction that occurred on Monday, May 7th. The shares were sold at an average price of $154.75, for a total value of $520,269.50. Following the completion of the sale, the insider now directly owns 12,612 shares in the company, valued at approximately $1,951,707. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 2.26% of the company’s stock.
Shares of MSCI opened at $159.34 on Friday. The company has a market capitalization of $14.17 billion, a PE ratio of 36.08, a price-to-earnings-growth ratio of 2.99 and a beta of 0.84. The company has a debt-to-equity ratio of 4.93, a current ratio of 2.06 and a quick ratio of 2.06. MSCI has a fifty-two week low of $99.82 and a fifty-two week high of $162.29.
MSCI (NYSE:MSCI) last announced its quarterly earnings data on Thursday, May 3rd. The technology company reported $1.31 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.26 by $0.05. The firm had revenue of $351.32 million during the quarter, compared to analyst estimates of $349.01 million. MSCI had a net margin of 26.14% and a return on equity of 109.18%. The business’s quarterly revenue was up 16.6% on a year-over-year basis. During the same period in the previous year, the business posted $0.88 EPS. equities research analysts expect that MSCI will post 5.32 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 31st. Stockholders of record on Friday, May 18th will be issued a $0.38 dividend. The ex-dividend date is Thursday, May 17th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 0.95%. MSCI’s payout ratio is 38.19%.
MSCI has been the subject of a number of research reports. Cantor Fitzgerald boosted their price target on shares of MSCI to $163.00 and gave the stock an “overweight” rating in a research note on Friday, February 2nd. UBS reissued a “buy” rating and issued a $177.00 price target (down previously from $180.00) on shares of MSCI in a research note on Friday, March 2nd. Zacks Investment Research cut shares of MSCI from a “strong-buy” rating to a “hold” rating in a research note on Thursday, April 5th. Morgan Stanley boosted their price target on shares of MSCI from $135.00 to $146.00 and gave the stock an “equal weight” rating in a research note on Wednesday, January 31st. Finally, Barclays reissued a “hold” rating and issued a $150.00 price target on shares of MSCI in a research note on Friday, February 2nd. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. MSCI has a consensus rating of “Buy” and a consensus price target of $155.67.
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.
Want to see what other hedge funds are holding MSCI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for MSCI (NYSE:MSCI).
Receive News & Ratings for MSCI Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for MSCI and related companies with MarketBeat.com's FREE daily email newsletter.