Westwood Holdings Group Inc. raised its holdings in shares of Msci Inc (NYSE:MSCI) by 215.3% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 9,953 shares of the technology company’s stock after purchasing an additional 6,796 shares during the period. Westwood Holdings Group Inc.’s holdings in Msci were worth $1,979,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also made changes to their positions in MSCI. Strs Ohio increased its position in shares of Msci by 142.0% during the first quarter. Strs Ohio now owns 33,022 shares of the technology company’s stock valued at $6,566,000 after acquiring an additional 19,375 shares in the last quarter. Fundsmith LLP purchased a new stake in Msci in the fourth quarter worth approximately $21,266,000. AJO LP purchased a new stake in Msci in the first quarter worth approximately $29,018,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its holdings in Msci by 2.6% in the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 4,930 shares of the technology company’s stock worth $980,000 after purchasing an additional 127 shares during the last quarter. Finally, We Are One Seven LLC boosted its holdings in Msci by 94.8% in the first quarter. We Are One Seven LLC now owns 1,017 shares of the technology company’s stock worth $202,000 after purchasing an additional 495 shares during the last quarter. 91.80% of the stock is owned by institutional investors and hedge funds.
Several brokerages recently issued reports on MSCI. Morgan Stanley raised their target price on shares of Msci from $216.00 to $223.00 and gave the stock an “equal weight” rating in a report on Thursday. Barclays restated a “buy” rating and issued a $240.00 target price on shares of Msci in a report on Sunday, May 5th. Cantor Fitzgerald raised their target price on shares of Msci from $188.00 to $247.00 in a report on Friday, May 3rd. Zacks Investment Research upgraded shares of Msci from a “hold” rating to a “buy” rating and set a $207.00 target price on the stock in a report on Wednesday, March 13th. Finally, Macquarie set a $188.00 target price on shares of Msci and gave the stock a “hold” rating in a report on Friday, March 1st. Four analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $210.00.
Shares of Msci stock opened at $235.78 on Friday. The firm has a market cap of $19.88 billion, a PE ratio of 44.07, a price-to-earnings-growth ratio of 3.71 and a beta of 1.15. Msci Inc has a 1-year low of $134.28 and a 1-year high of $246.07. The company has a debt-to-equity ratio of 6.80, a quick ratio of 1.63 and a current ratio of 1.63.
Msci (NYSE:MSCI) last issued its quarterly earnings results on Thursday, May 2nd. The technology company reported $1.55 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.40 by $0.15. The business had revenue of $371.38 million for the quarter, compared to analysts’ expectations of $371.48 million. Msci had a net margin of 39.27% and a return on equity of 813.48%. The company’s revenue was up 5.8% compared to the same quarter last year. During the same quarter last year, the company posted $1.31 EPS. As a group, equities analysts expect that Msci Inc will post 6.32 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Friday, May 31st. Stockholders of record on Friday, May 17th were paid a dividend of $0.58 per share. This represents a $2.32 annualized dividend and a dividend yield of 0.98%. The ex-dividend date of this dividend was Thursday, May 16th. Msci’s dividend payout ratio is presently 43.36%.
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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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