Angeles Investment Advisors LLC lifted its position in shares of MSCI Inc. (NYSE:MSCI) by 14.5% during the first quarter, Holdings Channel.com reports. The firm owned 2,135 shares of the technology company’s stock after acquiring an additional 270 shares during the period. Angeles Investment Advisors LLC’s holdings in MSCI were worth $895,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors also recently added to or reduced their stakes in the company. Semmax Financial Advisors Inc. acquired a new stake in MSCI in the 1st quarter valued at $25,000. Wealthcare Advisory Partners LLC acquired a new stake in MSCI in the 1st quarter valued at $28,000. Vantage Consulting Group Inc acquired a new stake in MSCI in the 4th quarter valued at $33,000. Concord Wealth Partners acquired a new stake in MSCI in the 4th quarter valued at $34,000. Finally, CVA Family Office LLC acquired a new stake in MSCI in the 1st quarter valued at $34,000. 89.88% of the stock is currently owned by hedge funds and other institutional investors.
In related news, COO Cd Baer Pettit sold 2,500 shares of the firm’s stock in a transaction dated Tuesday, May 4th. The stock was sold at an average price of $484.11, for a total transaction of $1,210,275.00. Following the completion of the sale, the chief operating officer now directly owns 259,380 shares of the company’s stock, valued at approximately $125,568,451.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.93% of the stock is currently owned by company insiders.
Shares of NYSE MSCI traded up $8.11 during trading on Thursday, hitting $572.97. 1,680 shares of the company were exchanged, compared to its average volume of 335,588. MSCI Inc. has a 12-month low of $336.03 and a 12-month high of $571.95. The company’s fifty day moving average is $505.01. The stock has a market cap of $47.22 billion, a price-to-earnings ratio of 72.89 and a beta of 0.97.
MSCI (NYSE:MSCI) last posted its quarterly earnings results on Tuesday, April 27th. The technology company reported $2.46 EPS for the quarter, topping the consensus estimate of $2.25 by $0.21. MSCI had a negative return on equity of 173.63% and a net margin of 37.02%. The business had revenue of $478.40 million for the quarter, compared to analyst estimates of $470.34 million. During the same quarter in the previous year, the firm earned $1.90 EPS. The company’s quarterly revenue was up 14.8% compared to the same quarter last year. As a group, equities analysts expect that MSCI Inc. will post 9.62 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 28th. Investors of record on Friday, May 14th were given a dividend of $0.78 per share. This represents a $3.12 dividend on an annualized basis and a dividend yield of 0.54%. The ex-dividend date was Thursday, May 13th. MSCI’s payout ratio is 39.85%.
MSCI Inc, together with its subsidiaries, provides investment decision support tools for the clients to manage their investment processes worldwide. The company operates through Index, Analytics, and All Other segments. The Index segment primarily 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.
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