Cambridge Investment Research Advisors Inc. grew its holdings in shares of Msci Inc (NYSE:MSCI) by 184.0% in the 2nd quarter, HoldingsChannel reports. The fund owned 4,309 shares of the technology company’s stock after buying an additional 2,792 shares during the period. Cambridge Investment Research Advisors Inc.’s holdings in Msci were worth $713,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also modified their holdings of the business. Smithfield Trust Co. increased its stake in shares of Msci by 2,573.3% in the second quarter. Smithfield Trust Co. now owns 802 shares of the technology company’s stock valued at $133,000 after buying an additional 772 shares during the period. Chicago Equity Partners LLC acquired a new position in shares of Msci in the first quarter valued at approximately $208,000. Lincoln National Corp acquired a new position in shares of Msci in the first quarter valued at approximately $210,000. DAVENPORT & Co LLC acquired a new position in shares of Msci in the second quarter valued at approximately $214,000. Finally, Alps Advisors Inc. acquired a new position in shares of Msci in the second quarter valued at approximately $214,000. 91.21% of the stock is owned by hedge funds and other institutional investors.
Several research analysts have recently issued reports on MSCI shares. Morgan Stanley upped their price objective on Msci from $160.00 to $168.00 and gave the company a “$171.53” rating in a research note on Wednesday, July 18th. BMO Capital Markets started coverage on Msci in a research note on Wednesday, July 25th. They issued an “outperform” rating and a $198.00 price objective for the company. Zacks Investment Research downgraded Msci from a “hold” rating to a “sell” rating in a research note on Wednesday, July 4th. Northcoast Research reaffirmed a “neutral” rating on shares of Msci in a research note on Tuesday, June 26th. Finally, Cantor Fitzgerald upped their price objective on Msci to $192.00 and gave the company an “overweight” rating in a research note on Friday, August 3rd. Four equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $176.38.
Shares of MSCI stock opened at $177.94 on Tuesday. Msci Inc has a one year low of $112.11 and a one year high of $184.22. The company has a market capitalization of $15.68 billion, a P/E ratio of 45.56, a P/E/G ratio of 3.37 and a beta of 0.89. The company has a current ratio of 2.65, a quick ratio of 2.65 and a debt-to-equity ratio of 7.43.
Msci (NYSE:MSCI) last announced its earnings results on Thursday, August 2nd. The technology company reported $1.30 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.28 by $0.02. Msci had a return on equity of 114.65% and a net margin of 27.83%. The business had revenue of $363.05 million for the quarter, compared to analysts’ expectations of $356.01 million. During the same period in the prior year, the business posted $0.95 earnings per share. The firm’s revenue was up 14.9% on a year-over-year basis. sell-side analysts anticipate that Msci Inc will post 5.24 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Friday, August 31st. Investors of record on Friday, August 17th were issued a $0.58 dividend. The ex-dividend date of this dividend was Thursday, August 16th. This is a boost from Msci’s previous quarterly dividend of $0.38. This represents a $2.32 annualized dividend and a yield of 1.30%. Msci’s dividend payout ratio is presently 58.29%.
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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