Candriam Luxembourg S.C.A. purchased a new stake in MSCI Inc (NYSE:MSCI) in the third quarter, according to the company in its most recent filing with the SEC. The firm purchased 4,000 shares of the technology company’s stock, valued at approximately $468,000.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. boosted its position in shares of MSCI by 1.4% in the second quarter. Vanguard Group Inc. now owns 8,741,917 shares of the technology company’s stock worth $900,330,000 after acquiring an additional 121,542 shares during the last quarter. Janus Henderson Group PLC raised its holdings in MSCI by 41,366.8% in the second quarter. Janus Henderson Group PLC now owns 3,794,624 shares of the technology company’s stock valued at $390,808,000 after buying an additional 3,785,473 shares during the period. Fiera Capital Corp raised its holdings in MSCI by 11.1% in the second quarter. Fiera Capital Corp now owns 3,750,145 shares of the technology company’s stock valued at $386,228,000 after buying an additional 375,333 shares during the period. Findlay Park Partners LLP raised its stake in shares of MSCI by 89.3% during the second quarter. Findlay Park Partners LLP now owns 1,685,489 shares of the technology company’s stock valued at $173,589,000 after purchasing an additional 795,000 shares during the period. Finally, JPMorgan Chase & Co. raised its stake in shares of MSCI by 12.7% during the second quarter. JPMorgan Chase & Co. now owns 1,147,347 shares of the technology company’s stock valued at $118,165,000 after purchasing an additional 129,131 shares during the period. Institutional investors and hedge funds own 92.84% of the company’s stock.
In related news, COO Cd Baer Pettit sold 2,083 shares of the firm’s stock in a transaction dated Monday, October 9th. The stock was sold at an average price of $121.26, for a total value of $252,584.58. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 2.26% of the stock is currently owned by corporate insiders.
MSCI (NYSE:MSCI) last announced its quarterly earnings results on Thursday, November 2nd. The technology company reported $1.00 earnings per share for the quarter, beating analysts’ consensus estimates of $0.97 by $0.03. The firm had revenue of $322.10 million for the quarter, compared to analysts’ expectations of $322.96 million. MSCI had a return on equity of 106.15% and a net margin of 24.97%. The business’s revenue was up 11.7% compared to the same quarter last year. During the same period in the prior year, the business posted $0.77 earnings per share. equities analysts anticipate that MSCI Inc will post 3.82 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Thursday, November 30th. Stockholders of record on Friday, November 17th were issued a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a dividend yield of 1.19%. The ex-dividend date was Thursday, November 16th. MSCI’s payout ratio is presently 45.37%.
MSCI has been the subject of several analyst reports. Morgan Stanley boosted their price target on shares of MSCI from $125.00 to $129.00 and gave the company an “equal weight” rating in a report on Monday, October 23rd. Credit Suisse Group boosted their price target on shares of MSCI from $120.00 to $141.00 and gave the stock an “outperform” rating in a research report on Friday, November 3rd. BidaskClub downgraded MSCI from a “strong-buy” rating to a “buy” rating in a report on Wednesday, November 1st. Zacks Investment Research downgraded MSCI from a “buy” rating to a “hold” rating in a report on Tuesday, November 7th. Finally, Cantor Fitzgerald reaffirmed a “buy” rating and set a $126.00 target price on shares of MSCI in a research note on Thursday, November 2nd. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. MSCI has a consensus rating of “Buy” and an average target price of $127.17.
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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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