Findlay Park Partners LLP grew its holdings in shares of MSCI Inc (NYSE:MSCI) by 89.3% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,685,489 shares of the technology company’s stock after acquiring an additional 795,000 shares during the quarter. MSCI accounts for approximately 1.8% of Findlay Park Partners LLP’s holdings, making the stock its 22nd biggest holding. Findlay Park Partners LLP owned approximately 1.87% of MSCI worth $173,589,000 at the end of the most recent quarter.
Several other hedge funds have also bought and sold shares of MSCI. Penserra Capital Management LLC purchased a new position in shares of MSCI in the second quarter worth $101,000. Van ECK Associates Corp increased 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 worth $145,000 after buying an additional 95 shares during the period. OLD Mutual Customised Solutions Proprietary Ltd. increased 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 worth $146,000 after buying an additional 805 shares during the period. Pacer Advisors Inc. increased 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 worth $159,000 after buying an additional 46 shares during the period. Finally, Copper Rock Capital Partners LLC increased its stake in shares of MSCI by 309.1% in the second quarter. Copper Rock Capital Partners LLC now owns 2,078 shares of the technology company’s stock worth $164,000 after buying an additional 1,570 shares during the period. 94.46% of the stock is currently owned by hedge funds and other institutional investors.
MSCI Inc (NYSE MSCI) traded down 1.43% during mid-day trading on Thursday, reaching $112.66. 224,862 shares of the company traded hands. The company’s 50 day moving average price is $111.72 and its 200 day moving average price is $103.18. MSCI Inc has a 12-month low of $76.52 and a 12-month high of $118.06. The firm has a market capitalization of $10.15 billion, a P/E ratio of 36.48 and a beta of 1.03.
MSCI (NYSE:MSCI) last released its quarterly earnings results on Thursday, August 3rd. The technology company reported $0.95 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.90 by $0.05. MSCI had a return on equity of 87.11% and a net margin of 24.01%. The company had revenue of $316.08 million for the quarter, compared to analyst estimates of $314.03 million. During the same quarter in the prior year, the firm posted $0.77 EPS. MSCI’s quarterly revenue was up 8.8% compared to the same quarter last year. Equities research analysts predict that MSCI Inc will post $3.80 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Thursday, August 31st. Investors of record on Friday, August 18th were issued a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a yield of 1.33%. The ex-dividend date was Wednesday, August 16th. This is a positive change from MSCI’s previous quarterly dividend of $0.28. MSCI’s dividend payout ratio is presently 49.03%.
Several research analysts recently commented on MSCI shares. Morgan Stanley lifted their target price on shares of MSCI from $97.00 to $125.00 and gave the stock an “equal weight” rating in a research note on Monday, August 7th. Zacks Investment Research raised shares of MSCI from a “hold” rating to a “buy” rating and set a $115.00 target price on the stock in a research note on Thursday, July 6th. Barclays PLC started coverage on shares of MSCI in a research note on Tuesday, July 18th. They issued an “equal weight” rating and a $110.00 target price on the stock. UBS AG lifted their target price on shares of MSCI from $115.00 to $125.00 and gave the stock a “buy” rating in a research note on Friday, August 4th. Finally, BidaskClub downgraded shares of MSCI from a “strong-buy” rating to a “buy” rating in a research note on Thursday, June 22nd. One research analyst has rated the stock with a sell rating, two have given a hold rating, four have given a buy rating and one has given a strong buy rating to the company’s stock. MSCI currently has a consensus rating of “Buy” and a consensus target price of $106.29.
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In related news, COO Cd Baer Pettit sold 2,083 shares of the stock in a transaction on Monday, August 7th. The stock was sold at an average price of $111.16, for a total transaction of $231,546.28. Following the sale, the chief operating officer now owns 178,266 shares in the company, valued at approximately $19,816,048.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Insiders have sold a total of 6,249 shares of company stock worth $686,890 in the last 90 days. 2.26% of the stock is currently owned by insiders.
MSCI Company Profile
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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