California Public Employees Retirement System trimmed its position in MSCI Inc. (NYSE:MSCI) by 2.4% in the 2nd quarter, HoldingsChannel reports. The firm owned 180,130 shares of the technology company’s stock after selling 4,374 shares during the quarter. California Public Employees Retirement System’s holdings in MSCI were worth $96,024,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds also recently made changes to their positions in the company. Optimal Asset Management Inc. raised its position in MSCI by 96.1% during the first quarter. Optimal Asset Management Inc. now owns 6,529 shares of the technology company’s stock valued at $2,737,000 after acquiring an additional 3,200 shares in the last quarter. C WorldWide Group Holding A S raised its position in MSCI by 13.5% during the second quarter. C WorldWide Group Holding A S now owns 7,642 shares of the technology company’s stock valued at $4,074,000 after acquiring an additional 910 shares in the last quarter. Red Door Wealth Management LLC purchased a new position in MSCI during the second quarter valued at approximately $28,000. Bessemer Group Inc. raised its position in MSCI by 11,293.7% during the first quarter. Bessemer Group Inc. now owns 335,430 shares of the technology company’s stock valued at $140,638,000 after acquiring an additional 332,486 shares in the last quarter. Finally, Bbva USA purchased a new position in MSCI during the second quarter valued at approximately $361,000. Institutional investors own 90.61% of the company’s stock.
In related news, insider Jennifer H. Mak sold 300 shares of MSCI stock in a transaction that occurred on Friday, August 6th. The stock was sold at an average price of $622.38, for a total transaction of $186,714.00. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, COO Cd Baer Pettit sold 2,500 shares of MSCI stock in a transaction on Wednesday, August 4th. The shares were sold at an average price of $622.95, for a total value of $1,557,375.00. Following the completion of the sale, the chief operating officer now owns 251,837 shares in the company, valued at approximately $156,881,859.15. The disclosure for this sale can be found here. In the last quarter, insiders have sold 5,300 shares of company stock worth $3,254,214. 2.93% of the stock is currently owned by company insiders.
MSCI (NYSE:MSCI) last issued its quarterly earnings results on Tuesday, July 27th. The technology company reported $2.45 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $2.31 by $0.14. The firm had revenue of $498.20 million for the quarter, compared to analyst estimates of $490.25 million. MSCI had a negative return on equity of 180.78% and a net margin of 37.97%. The business’s revenue was up 21.6% on a year-over-year basis. During the same period in the previous year, the company posted $1.77 earnings per share. On average, analysts forecast that MSCI Inc. will post 9.75 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, August 31st. Investors of record on Friday, August 13th were given a dividend of $1.04 per share. This is an increase from MSCI’s previous quarterly dividend of $0.78. The ex-dividend date was Thursday, August 12th. This represents a $4.16 dividend on an annualized basis and a yield of 0.70%. MSCI’s dividend payout ratio (DPR) is presently 53.13%.
Several brokerages recently weighed in on MSCI. Oppenheimer lifted their price target on MSCI from $566.00 to $626.00 and gave the company an “outperform” rating in a research report on Wednesday, July 28th. Royal Bank of Canada raised their price objective on MSCI from $650.00 to $720.00 and gave the company an “outperform” rating in a report on Tuesday, September 21st. Zacks Investment Research raised MSCI from a “hold” rating to a “buy” rating and set a $621.00 price objective on the stock in a report on Thursday, July 29th. Morgan Stanley raised their price objective on MSCI from $523.00 to $570.00 and gave the company an “equal weight” rating in a report on Thursday, September 23rd. Finally, Deutsche Bank Aktiengesellschaft raised their price objective on MSCI from $600.00 to $650.00 and gave the company a “buy” rating in a report on Tuesday, August 3rd. Two equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of $621.43.
MSCI Company Profile
MSCI, Inc engages in the provision of investment decision support tools including indices, portfolio risk and performance analytics and corporate governance products and services. The company operates through the following business segments: Index, Analytics, Environmental, Social, and Governance (ESG), Real Estate, and Burgiss.
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