First Allied Advisory Services Inc. increased its stake in Msci Inc (NYSE:MSCI) by 25.9% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,816 shares of the technology company’s stock after acquiring an additional 374 shares during the quarter. First Allied Advisory Services Inc.’s holdings in Msci were worth $364,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Strs Ohio grew its stake in Msci by 142.0% in the first quarter. Strs Ohio now owns 33,022 shares of the technology company’s stock valued at $6,566,000 after purchasing an additional 19,375 shares in the last quarter. Fundsmith LLP acquired a new stake in shares of Msci in the fourth quarter worth about $21,266,000. We Are One Seven LLC lifted its position in shares of Msci by 94.8% in the first quarter. We Are One Seven LLC now owns 1,017 shares of the technology company’s stock worth $202,000 after buying an additional 495 shares during the last quarter. YCG LLC lifted its position in shares of Msci by 4.6% in the fourth quarter. YCG LLC now owns 145,156 shares of the technology company’s stock worth $21,400,000 after buying an additional 6,448 shares during the last quarter. Finally, Montag & Caldwell LLC acquired a new position in shares of Msci during the 4th quarter worth about $425,000. Institutional investors and hedge funds own 91.80% of the company’s stock.
Several research firms recently weighed in on MSCI. Morgan Stanley boosted their price objective on Msci from $216.00 to $223.00 and gave the stock an “equal weight” rating in a research report on Thursday. Zacks Investment Research upgraded Msci from a “hold” rating to a “buy” rating and set a $207.00 price target on the stock in a research note on Wednesday, March 13th. UBS Group boosted their price target on Msci to $234.00 and gave the company a “buy” rating in a research note on Monday, April 8th. Barclays restated a “buy” rating and set a $240.00 price target on shares of Msci in a research note on Sunday, May 5th. Finally, Cantor Fitzgerald boosted their price target on Msci from $188.00 to $247.00 in a research note on Friday, May 3rd. Four investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $210.00.
Msci (NYSE:MSCI) last released its quarterly earnings data on Thursday, May 2nd. The technology company reported $1.55 earnings per share for the quarter, beating the consensus estimate of $1.40 by $0.15. Msci had a return on equity of 813.48% and a net margin of 39.27%. The company had revenue of $371.38 million for the quarter, compared to analyst estimates of $371.48 million. During the same period in the prior year, the company posted $1.31 EPS. The company’s revenue was up 5.8% compared to the same quarter last year. Equities research analysts expect that Msci Inc will post 6.32 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, May 31st. Stockholders of record on Friday, May 17th were paid a $0.58 dividend. The ex-dividend date was Thursday, May 16th. This represents a $2.32 annualized dividend and a dividend yield of 0.98%. Msci’s dividend payout ratio is currently 43.36%.
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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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