HL Financial Services LLC grew its position in Msci Inc (NYSE:MSCI) by 5.8% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 43,585 shares of the technology company’s stock after purchasing an additional 2,381 shares during the quarter. HL Financial Services LLC’s holdings in Msci were worth $7,732,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Flagship Harbor Advisors LLC bought a new position in shares of Msci in the second quarter worth approximately $114,000. Harvest Fund Management Co. Ltd boosted its position in shares of Msci by 113.9% during the third quarter. Harvest Fund Management Co. Ltd now owns 800 shares of the technology company’s stock worth $142,000 after acquiring an additional 426 shares during the last quarter. Smithfield Trust Co. boosted its position in shares of Msci by 2,573.3% during the second quarter. Smithfield Trust Co. now owns 802 shares of the technology company’s stock worth $133,000 after acquiring an additional 772 shares during the last quarter. Cerebellum GP LLC bought a new position in shares of Msci during the third quarter worth $147,000. Finally, Rampart Investment Management Company LLC bought a new position in shares of Msci during the second quarter worth $152,000. Institutional investors and hedge funds own 92.03% of the company’s stock.
Shares of NYSE:MSCI opened at $145.08 on Tuesday. The company has a debt-to-equity ratio of 7.43, a current ratio of 2.65 and a quick ratio of 2.65. Msci Inc has a fifty-two week low of $123.80 and a fifty-two week high of $184.22. The firm has a market cap of $12.80 billion, a P/E ratio of 36.45, a P/E/G ratio of 2.74 and a beta of 1.09.
Msci (NYSE:MSCI) last released its quarterly earnings data on Thursday, November 1st. The technology company reported $1.35 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.29 by $0.06. Msci had a net margin of 29.87% and a return on equity of 120.58%. The business had revenue of $357.90 million during the quarter, compared to analyst estimates of $359.91 million. During the same quarter last year, the business earned $1.00 earnings per share. Msci’s quarterly revenue was up 11.1% compared to the same quarter last year. Research analysts anticipate that Msci Inc will post 5.26 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 30th. Shareholders of record on Friday, November 16th will be given a dividend of $0.58 per share. The ex-dividend date of this dividend is Thursday, November 15th. This represents a $2.32 annualized dividend and a yield of 1.60%. Msci’s dividend payout ratio (DPR) is currently 58.29%.
A number of brokerages recently weighed in on MSCI. Cantor Fitzgerald upped their target price on shares of Msci to $192.00 and gave the stock an “overweight” rating in a research report on Friday, August 3rd. BMO Capital Markets set a $178.00 target price on shares of Msci and gave the stock a “buy” rating in a research report on Monday. Morgan Stanley upped their target price on shares of Msci from $168.00 to $174.00 and gave the stock an “equal weight” rating in a research report on Friday, August 3rd. Barclays restated a “hold” rating and set a $175.00 target price on shares of Msci in a research report on Sunday, August 12th. Finally, Zacks Investment Research upgraded shares of Msci from a “sell” rating to a “hold” rating in a research report on Tuesday, August 7th. Four equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $175.29.
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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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