ARP Americas LP Takes $300,000 Position in Msci Inc (NYSE:MSCI)

ARP Americas LP bought a new stake in Msci Inc (NYSE:MSCI) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 898 shares of the technology company’s stock, valued at approximately $300,000.

Several other hedge funds also recently bought and sold shares of MSCI. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in Msci in the fourth quarter worth $1,517,000. Quadrant Capital Group LLC increased its position in Msci by 92.9% in the fourth quarter. Quadrant Capital Group LLC now owns 164 shares of the technology company’s stock worth $38,000 after buying an additional 79 shares during the last quarter. State of Alaska Department of Revenue increased its position in Msci by 8.0% in the first quarter. State of Alaska Department of Revenue now owns 41,188 shares of the technology company’s stock worth $11,901,000 after buying an additional 3,055 shares during the last quarter. IBM Retirement Fund increased its position in Msci by 61.1% in the first quarter. IBM Retirement Fund now owns 1,933 shares of the technology company’s stock worth $559,000 after buying an additional 733 shares during the last quarter. Finally, Diversified Trust Co bought a new position in shares of Msci in the first quarter worth $257,000. Institutional investors own 91.74% of the company’s stock.

In other Msci news, insider Scott A. Crum sold 3,500 shares of the stock in a transaction dated Thursday, July 30th. The shares were sold at an average price of $376.69, for a total transaction of $1,318,415.00. Following the completion of the transaction, the insider now owns 29,279 shares of the company’s stock, valued at approximately $11,029,106.51. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Cd Baer Pettit sold 2,500 shares of the firm’s stock in a transaction dated Monday, May 4th. The stock was sold at an average price of $316.08, for a total transaction of $790,200.00. Following the completion of the sale, the chief operating officer now directly owns 287,480 shares of the company’s stock, valued at approximately $90,866,678.40. The disclosure for this sale can be found here. Insiders sold a total of 11,000 shares of company stock valued at $3,770,165 over the last 90 days. 2.94% of the stock is currently owned by company insiders.

MSCI stock traded up $1.44 during midday trading on Friday, hitting $375.98. The company’s stock had a trading volume of 763,989 shares, compared to its average volume of 447,375. The company has a market cap of $31.45 billion, a PE ratio of 61.33 and a beta of 0.94. The firm’s 50-day moving average is $353.33 and its 200-day moving average is $315.44. Msci Inc has a 12 month low of $206.82 and a 12 month high of $398.49.

Msci (NYSE:MSCI) last announced its earnings results on Tuesday, July 28th. The technology company reported $1.77 earnings per share for the quarter, beating analysts’ consensus estimates of $1.68 by $0.09. The business had revenue of $409.60 million during the quarter, compared to analyst estimates of $410.25 million. Msci had a net margin of 32.14% and a negative return on equity of 268.97%. The company’s quarterly revenue was up 6.4% compared to the same quarter last year. During the same period in the previous year, the business earned $1.54 EPS. On average, equities analysts predict that Msci Inc will post 7.27 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, August 31st. Stockholders of record on Friday, August 14th will be paid a $0.78 dividend. This represents a $3.12 annualized dividend and a dividend yield of 0.83%. This is a positive change from Msci’s previous quarterly dividend of $0.68. The ex-dividend date is Thursday, August 13th. Msci’s dividend payout ratio is 42.24%.

A number of equities analysts have recently commented on MSCI shares. UBS Group raised their price target on Msci from $342.00 to $375.00 and gave the stock a “neutral” rating in a report on Wednesday. Deutsche Bank started coverage on Msci in a report on Friday, July 17th. They issued a “hold” rating for the company. Zacks Investment Research raised Msci from a “hold” rating to a “buy” rating and set a $369.00 price target for the company in a report on Tuesday, July 7th. BMO Capital Markets raised their price target on Msci from $346.00 to $501.00 and gave the stock an “outperform” rating in a report on Wednesday, July 8th. Finally, Morgan Stanley raised their price target on Msci from $337.00 to $366.00 and gave the stock an “equal weight” rating in a report on Wednesday. Six analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $346.44.

Msci Profile

MSCI Inc, together with its subsidiaries, provides investment decision support tools for the clients to manage their investment processes worldwide. The company operates through four segments: Index, Analytics, ESG, and Real Estate. The Index segment primarily provides equity indexes for use 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.

Featured Article: Return on Investment (ROI)

Institutional Ownership by Quarter for Msci (NYSE:MSCI)

Receive News & Ratings for Msci Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Msci and related companies with MarketBeat.com's FREE daily email newsletter.