Prospera Financial Services Inc grew its position in MSCI Inc. (NYSE:MSCI – Get Rating) by 31.3% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 562 shares of the technology company’s stock after purchasing an additional 134 shares during the quarter. Prospera Financial Services Inc’s holdings in MSCI were worth $237,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently made changes to their positions in MSCI. Bishop Rock Capital L.P. grew its position in shares of MSCI by 18,898.0% in the second quarter. Bishop Rock Capital L.P. now owns 3,918,722 shares of the technology company’s stock valued at $9,508,000 after purchasing an additional 3,898,095 shares during the last quarter. Price T Rowe Associates Inc. MD grew its position in shares of MSCI by 128.4% in the second quarter. Price T Rowe Associates Inc. MD now owns 3,412,649 shares of the technology company’s stock valued at $1,406,523,000 after purchasing an additional 1,918,640 shares during the last quarter. Capital Research Global Investors grew its position in shares of MSCI by 312.3% in the first quarter. Capital Research Global Investors now owns 852,913 shares of the technology company’s stock valued at $428,913,000 after purchasing an additional 646,050 shares during the last quarter. Durable Capital Partners LP grew its position in shares of MSCI by 26.3% in the first quarter. Durable Capital Partners LP now owns 1,208,281 shares of the technology company’s stock valued at $607,620,000 after purchasing an additional 251,686 shares during the last quarter. Finally, Renaissance Technologies LLC increased its holdings in MSCI by 953.4% in the 1st quarter. Renaissance Technologies LLC now owns 233,021 shares of the technology company’s stock worth $117,182,000 after purchasing an additional 210,900 shares in the last quarter. Institutional investors and hedge funds own 88.18% of the company’s stock.
Analyst Upgrades and Downgrades
A number of equities analysts have issued reports on MSCI shares. StockNews.com started coverage on MSCI in a report on Wednesday, October 12th. They issued a “hold” rating for the company. Atlantic Securities upped their target price on MSCI from $444.00 to $498.00 in a report on Monday, November 7th. Raymond James upped their target price on MSCI from $499.00 to $514.00 and gave the stock an “outperform” rating in a report on Wednesday, October 26th. Morgan Stanley increased their price target on MSCI from $500.00 to $518.00 and gave the company an “equal weight” rating in a research note on Wednesday, January 4th. Finally, Oppenheimer decreased their price target on MSCI to $504.00 in a research note on Wednesday, October 5th. Four analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $529.20.
MSCI Price Performance
MSCI (NYSE:MSCI – Get Rating) last released its earnings results on Tuesday, October 25th. The technology company reported $2.85 EPS for the quarter, topping the consensus estimate of $2.76 by $0.09. MSCI had a negative return on equity of 115.88% and a net margin of 38.23%. The business had revenue of $560.64 million during the quarter, compared to analysts’ expectations of $564.96 million. Equities analysts expect that MSCI Inc. will post 11.32 earnings per share for the current year.
MSCI Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 30th. Investors of record on Thursday, November 10th were paid a dividend of $1.25 per share. The ex-dividend date was Wednesday, November 9th. This represents a $5.00 annualized dividend and a yield of 0.99%. MSCI’s dividend payout ratio is currently 48.22%.
Insider Buying and Selling
In related news, CFO Andrew C. Wiechmann sold 1,100 shares of the firm’s stock in a transaction that occurred on Thursday, November 3rd. The stock was sold at an average price of $453.38, for a total transaction of $498,718.00. Following the completion of the sale, the chief financial officer now owns 15,908 shares of the company’s stock, valued at $7,212,369.04. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other MSCI news, insider Scott A. Crum sold 7,500 shares of the stock in a transaction that occurred on Thursday, October 27th. The stock was sold at an average price of $460.00, for a total value of $3,450,000.00. Following the transaction, the insider now owns 19,908 shares in the company, valued at $9,157,680. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CFO Andrew C. Wiechmann sold 1,100 shares of the stock in a transaction that occurred on Thursday, November 3rd. The stock was sold at an average price of $453.38, for a total value of $498,718.00. Following the completion of the transaction, the chief financial officer now owns 15,908 shares in the company, valued at approximately $7,212,369.04. The disclosure for this sale can be found here. 3.02% of the stock is currently owned by insiders.
MSCI Inc, together with its subsidiaries, provides investment decision support tools for the clients to manage their investment processes worldwide. It operates through four segments: Index, Analytics, ESG and Climate, and All Other – Private Assets. The Index segment provides indexes for use in various areas of the investment process, including indexed product creation, such as ETFs, mutual funds, annuities, futures, options, structured products, over-the-counter derivatives; performance benchmarking; portfolio construction and rebalancing; and asset allocation, as well as licenses GICS and GICS Direct.
- Get a free copy of the StockNews.com research report on MSCI (MSCI)
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