Kornitzer Capital Management Inc. KS decreased its position in shares of MSCI Inc (NYSE:MSCI) by 3.4% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 338,956 shares of the technology company’s stock after selling 11,880 shares during the period. Kornitzer Capital Management Inc. KS owned about 0.37% of MSCI worth $34,909,000 at the end of the most recent reporting period.
Other hedge funds have also bought and sold shares of the company. Van ECK Associates Corp raised its stake in shares of MSCI by 6.8% in the first quarter. Van ECK Associates Corp now owns 1,494 shares of the technology company’s stock valued at $145,000 after buying an additional 95 shares during the last quarter. OLD Mutual Customised Solutions Proprietary Ltd. raised its stake in shares of MSCI by 115.0% in the first quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 1,505 shares of the technology company’s stock valued at $146,000 after buying an additional 805 shares during the last quarter. Pacer Advisors Inc. raised its stake in shares of MSCI by 2.9% in the first quarter. Pacer Advisors Inc. now owns 1,639 shares of the technology company’s stock valued at $159,000 after buying an additional 46 shares during the last quarter. Copper Rock Capital Partners LLC raised its stake in MSCI by 309.1% in the second quarter. Copper Rock Capital Partners LLC now owns 2,078 shares of the technology company’s stock valued at $164,000 after buying an additional 1,570 shares in the last quarter. Finally, Two Sigma Securities LLC bought a new stake in MSCI during the first quarter valued at about $203,000. 95.18% of the stock is owned by institutional investors and hedge funds.
Shares of MSCI Inc (NYSE MSCI) traded down 0.12% during trading on Friday, reaching $107.13. The company had a trading volume of 529,865 shares. The firm has a market capitalization of $9.65 billion, a PE ratio of 34.69 and a beta of 1.04. MSCI Inc has a 1-year low of $76.52 and a 1-year high of $113.38. The firm has a 50-day moving average of $107.00 and a 200 day moving average of $99.55.
MSCI (NYSE:MSCI) last posted its earnings results on Thursday, August 3rd. The technology company reported $0.95 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.90 by $0.05. The firm had revenue of $316.08 million during the quarter, compared to analysts’ expectations of $314.03 million. MSCI had a net margin of 24.01% and a return on equity of 87.11%. The company’s revenue was up 8.8% compared to the same quarter last year. During the same period in the previous year, the company earned $0.77 earnings per share. Analysts expect that MSCI Inc will post $3.80 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, August 31st. Stockholders of record on Friday, August 18th will be paid a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a dividend yield of 1.42%. This is a boost from MSCI’s previous quarterly dividend of $0.28. The ex-dividend date of this dividend is Wednesday, August 16th. MSCI’s payout ratio is presently 36.13%.
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Several brokerages have recently commented on MSCI. UBS AG reiterated a “buy” rating and issued a $114.00 target price (up from $99.00) on shares of MSCI in a research report on Friday, May 5th. Morgan Stanley boosted their price objective on MSCI from $97.00 to $125.00 and gave the stock an “equal weight” rating in a research note on Monday, August 7th. BidaskClub raised MSCI from a “buy” rating to a “strong-buy” rating in a research note on Thursday, July 13th. Zacks Investment Research raised MSCI from a “hold” rating to a “buy” rating and set a $115.00 price objective on the stock in a research note on Thursday, July 6th. Finally, Cantor Fitzgerald reissued a “buy” rating and set a $100.00 price objective on shares of MSCI in a research note on Monday, May 15th. One research analyst has rated the stock with a sell rating, two have issued a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $106.29.
In related news, COO Cd Baer Pettit sold 2,083 shares of the company’s stock in a transaction on Monday, July 3rd. The shares were sold at an average price of $103.44, for a total transaction of $215,465.52. Following the completion of the transaction, the chief operating officer now directly owns 180,349 shares in the company, valued at approximately $18,655,300.56. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Insiders sold 6,249 shares of company stock valued at $663,581 over the last 90 days. 2.26% of the stock is owned by corporate insiders.
MSCI Inc offers products and services to support the needs of institutional investors throughout their investment processes. Its segments include Index, Analytics and All Other segment. All Other segment comprises environmental, social and governance (ESG) and Real Estate segments. Its indexes are used 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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