Findlay Park Partners LLP grew its position in shares of MSCI Inc (NYSE:MSCI) by 89.3% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,685,489 shares of the technology company’s stock after acquiring an additional 795,000 shares during the period. MSCI comprises 1.8% of Findlay Park Partners LLP’s portfolio, making the stock its 22nd largest position. Findlay Park Partners LLP owned 1.87% of MSCI worth $173,589,000 at the end of the most recent quarter.
Other hedge funds also recently added to or reduced their stakes in the company. Penserra Capital Management LLC purchased a new stake in MSCI in the second quarter worth about $101,000. Van ECK Associates Corp lifted its position in MSCI by 6.8% during the first quarter. Van ECK Associates Corp now owns 1,494 shares of the technology company’s stock valued at $145,000 after purchasing an additional 95 shares during the period. OLD Mutual Customised Solutions Proprietary Ltd. lifted its position in MSCI by 115.0% during 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 purchasing an additional 805 shares during the period. Pacer Advisors Inc. lifted its position in MSCI by 2.9% during the first quarter. Pacer Advisors Inc. now owns 1,639 shares of the technology company’s stock valued at $159,000 after purchasing an additional 46 shares during the period. Finally, Copper Rock Capital Partners LLC lifted its position in MSCI by 309.1% during the second quarter. Copper Rock Capital Partners LLC now owns 2,078 shares of the technology company’s stock valued at $164,000 after purchasing an additional 1,570 shares during the period. 94.59% of the stock is owned by institutional investors.
MSCI (NYSE:MSCI) last issued its quarterly earnings results on Thursday, August 3rd. The technology company reported $0.95 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.90 by $0.05. The business had revenue of $316.08 million for 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 business’s quarterly revenue was up 8.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.77 earnings per share.
The firm also recently declared a quarterly dividend, which was paid on Thursday, August 31st. Stockholders of record on Friday, August 18th were given a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a dividend yield of 1.33%. The ex-dividend date was Wednesday, August 16th. This is a boost from MSCI’s previous quarterly dividend of $0.28. MSCI’s dividend payout ratio is currently 49.03%.
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MSCI has been the topic of a number of research analyst reports. Barclays PLC initiated coverage on shares of MSCI in a research report on Tuesday, July 18th. They set an “equal weight” rating and a $110.00 price objective on the stock. BidaskClub downgraded shares of MSCI from a “strong-buy” rating to a “buy” rating in a research report on Thursday, June 22nd. Morgan Stanley restated an “equal weight” rating and set a $97.00 price objective (down previously from $98.00) on shares of MSCI in a research report on Tuesday, July 18th. UBS AG increased their price objective on shares of MSCI from $115.00 to $125.00 and gave the company a “buy” rating in a research report on Friday, August 4th. Finally, Zacks Investment Research upgraded shares of MSCI from a “hold” rating to a “buy” rating and set a $115.00 price objective on the stock in a research report on Thursday, July 6th. One investment 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. MSCI currently has a consensus rating of “Buy” and a consensus price target of $106.29.
In other news, COO Cd Baer Pettit sold 2,083 shares of the stock in a transaction dated Monday, August 7th. The shares were 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 of the company’s stock, valued at $19,816,048.56. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders have sold 6,249 shares of company stock worth $686,890 in the last three months. Corporate insiders own 2.26% of the company’s stock.
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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