Elkfork Partners LLC decreased its holdings in shares of Msci Inc (NYSE:MSCI) by 46.6% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,442 shares of the technology company’s stock after selling 2,134 shares during the period. Elkfork Partners LLC’s holdings in Msci were worth $583,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in MSCI. C WorldWide Group Holding A S acquired a new position in Msci during the second quarter worth $182,576,000. JPMorgan Chase & Co. grew its stake in shares of Msci by 223.4% in the 1st quarter. JPMorgan Chase & Co. now owns 728,117 shares of the technology company’s stock worth $144,779,000 after acquiring an additional 502,999 shares in the last quarter. American Century Companies Inc. grew its stake in shares of Msci by 22.5% in the 1st quarter. American Century Companies Inc. now owns 1,979,124 shares of the technology company’s stock worth $393,529,000 after acquiring an additional 363,875 shares in the last quarter. Artisan Partners Limited Partnership bought a new stake in shares of Msci in the 1st quarter worth $31,168,000. Finally, Marshall Wace North America L.P. grew its stake in shares of Msci by 44.7% in the 1st quarter. Marshall Wace North America L.P. now owns 503,784 shares of the technology company’s stock worth $100,171,000 after acquiring an additional 155,548 shares in the last quarter. Hedge funds and other institutional investors own 91.75% of the company’s stock.
Several research firms have recently issued reports on MSCI. TheStreet upgraded shares of Msci from a “c+” rating to a “b-” rating in a research note on Monday, September 9th. Morgan Stanley increased their price target on shares of Msci from $223.00 to $240.00 and gave the company an “equal weight” rating in a research report on Friday, July 19th. Atlantic Securities assumed coverage on shares of Msci in a research report on Wednesday. They set a “neutral” rating and a $235.00 price target for the company. Finally, UBS Group lowered shares of Msci from a “buy” rating to a “neutral” rating and increased their price target for the company from $234.00 to $258.00 in a research report on Monday, July 8th. Five research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $219.56.
Shares of Msci stock opened at $215.89 on Friday. Msci Inc has a 12-month low of $134.28 and a 12-month high of $247.57. The company has a market cap of $18.29 billion, a price-to-earnings ratio of 40.35, a PEG ratio of 3.60 and a beta of 1.13. The company’s 50-day moving average price is $229.80 and its 200-day moving average price is $224.32.
Msci (NYSE:MSCI) last announced its quarterly earnings results on Thursday, August 1st. The technology company reported $1.54 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.51 by $0.03. The firm had revenue of $385.56 million for the quarter, compared to the consensus estimate of $382.81 million. Msci had a net margin of 39.27% and a negative return on equity of 599.92%. The company’s revenue for the quarter was up 6.2% on a year-over-year basis. During the same period in the prior year, the firm posted $1.30 earnings per share. As a group, equities research analysts expect that Msci Inc will post 6.3 EPS for the current year.
The business also recently announced a quarterly dividend, which was paid on Friday, August 30th. Investors of record on Friday, August 16th were paid a $0.68 dividend. This is an increase from Msci’s previous quarterly dividend of $0.58. This represents a $2.72 dividend on an annualized basis and a yield of 1.26%. The ex-dividend date was Thursday, August 15th. Msci’s dividend payout ratio (DPR) is currently 50.84%.
Msci Company 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.
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