Schwab Charles Investment Management Inc. increased its position in Msci Inc (NYSE:MSCI) by 4.9% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 311,854 shares of the technology company’s stock after purchasing an additional 14,559 shares during the period. Schwab Charles Investment Management Inc.’s holdings in Msci were worth $39,463,000 at the end of the most recent reporting period.
Several other large investors have also recently bought and sold shares of the stock. Gateway Investment Advisers LLC lifted its position in shares of Msci by 237.9% in the fourth quarter. Gateway Investment Advisers LLC now owns 70,676 shares of the technology company’s stock worth $8,943,000 after buying an additional 49,757 shares in the last quarter. National Pension Service purchased a new stake in shares of Msci in the fourth quarter worth about $13,610,000. Jaffetilchin Investment Partners LLC purchased a new stake in shares of Msci in the fourth quarter worth about $446,000. Prudential Financial Inc. lifted its position in shares of Msci by 9.2% in the third quarter. Prudential Financial Inc. now owns 512,698 shares of the technology company’s stock worth $59,934,000 after buying an additional 43,380 shares in the last quarter. Finally, Parametric Portfolio Associates LLC raised its position in Msci by 27.9% during the third quarter. Parametric Portfolio Associates LLC now owns 700,056 shares of the technology company’s stock valued at $81,837,000 after purchasing an additional 152,644 shares during the period. Institutional investors own 92.79% of the company’s stock.
A number of equities research analysts have issued reports on the company. Cantor Fitzgerald restated a “buy” rating and set a $142.00 price objective on shares of Msci in a research report on Tuesday, January 30th. Barclays restated a “hold” rating and set a $150.00 price objective on shares of Msci in a research report on Friday, February 2nd. Morgan Stanley upped their price objective on Msci from $135.00 to $146.00 and gave the company an “equal weight” rating in a research report on Wednesday, January 31st. Zacks Investment Research upgraded Msci from a “hold” rating to a “buy” rating and set a $143.00 price objective on the stock in a research report on Thursday, January 4th. Finally, BidaskClub downgraded Msci from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, November 1st. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $147.33.
Msci (NYSE:MSCI) last released its earnings results on Thursday, February 1st. The technology company reported $1.15 EPS for the quarter, beating analysts’ consensus estimates of $0.99 by $0.16. The firm had revenue of $334.80 million for the quarter, compared to analysts’ expectations of $333.68 million. Msci had a return on equity of 116.05% and a net margin of 23.86%. The company’s quarterly revenue was up 14.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.81 earnings per share. equities research analysts predict that Msci Inc will post 5.41 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 15th. Stockholders of record on Friday, February 16th will be paid a dividend of $0.38 per share. The ex-dividend date of this dividend is Thursday, February 15th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 1.11%. Msci’s dividend payout ratio is 45.92%.
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MSCI Inc offers products and services to support the needs of institutional investors throughout their investment processes. Its segments include Index, Analytics and All Other segment. All Other segment comprises environmental, social and governance (ESG) and Real Estate segments. Its indexes are used 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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