Meridian Wealth Management LLC acquired a new stake in shares of Msci Inc (NYSE:MSCI) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 1,551 shares of the technology company’s stock, valued at approximately $308,000.
A number of other large investors have also recently modified their holdings of MSCI. Strs Ohio grew its stake in Msci by 142.0% in the 1st quarter. Strs Ohio now owns 33,022 shares of the technology company’s stock worth $6,566,000 after buying an additional 19,375 shares in the last quarter. Fundsmith LLP purchased a new position in Msci in the 4th quarter worth approximately $21,266,000. AJO LP purchased a new position in Msci in the 1st quarter worth approximately $29,018,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its stake in Msci by 2.6% in the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 4,930 shares of the technology company’s stock worth $980,000 after buying an additional 127 shares in the last quarter. Finally, NumerixS Investment Technologies Inc grew its stake in Msci by 117.9% in the 1st quarter. NumerixS Investment Technologies Inc now owns 8,744 shares of the technology company’s stock worth $1,720,000 after buying an additional 4,732 shares in the last quarter. 91.80% of the stock is owned by institutional investors.
A number of equities analysts have commented on the stock. Morgan Stanley boosted their price target on shares of Msci from $216.00 to $223.00 and gave the stock an “equal weight” rating in a research note on Thursday. Zacks Investment Research raised shares of Msci from a “hold” rating to a “buy” rating and set a $207.00 price target for the company in a research note on Wednesday, March 13th. UBS Group boosted their price target on shares of Msci to $234.00 and gave the stock a “buy” rating in a research note on Monday, April 8th. Barclays reissued a “buy” rating and issued a $240.00 price target on shares of Msci in a research note on Sunday, May 5th. Finally, Cantor Fitzgerald boosted their price target on shares of Msci from $188.00 to $247.00 in a research note on Friday, May 3rd. Four investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $210.00.
Shares of MSCI opened at $235.78 on Monday. The company has a market capitalization of $19.97 billion, a PE ratio of 44.07, a price-to-earnings-growth ratio of 3.73 and a beta of 1.15. The company has a debt-to-equity ratio of 6.80, a current ratio of 1.63 and a quick ratio of 1.63. Msci Inc has a fifty-two week low of $134.28 and a fifty-two week high of $246.07.
Msci (NYSE:MSCI) last announced its quarterly earnings data on Thursday, May 2nd. The technology company reported $1.55 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.40 by $0.15. The firm had revenue of $371.38 million during the quarter, compared to analyst estimates of $371.48 million. Msci had a net margin of 39.27% and a return on equity of 813.48%. The business’s quarterly revenue was up 5.8% on a year-over-year basis. During the same period in the previous year, the business posted $1.31 EPS. Equities research analysts expect that Msci Inc will post 6.32 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 31st. Stockholders of record on Friday, May 17th were issued a $0.58 dividend. The ex-dividend date was Thursday, May 16th. This represents a $2.32 dividend on an annualized basis and a dividend yield of 0.98%. Msci’s payout ratio is 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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