Ostrum Asset Management bought a new stake in Msci Inc (NYSE:MSCI) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 4,385 shares of the technology company’s stock, valued at approximately $655,000.
A number of other institutional investors and hedge funds have also bought and sold shares of MSCI. Virtue Capital Management LLC acquired a new position in shares of Msci during the 4th quarter valued at $127,000. Assetmark Inc. increased its position in shares of Msci by 480.1% during the 4th quarter. Assetmark Inc. now owns 1,079 shares of the technology company’s stock valued at $137,000 after purchasing an additional 893 shares during the period. Atria Investments LLC acquired a new position in shares of Msci during the 1st quarter valued at $202,000. Chicago Equity Partners LLC acquired a new position in shares of Msci during the 1st quarter valued at $208,000. Finally, Lincoln National Corp acquired a new position in shares of Msci during the 1st quarter valued at $210,000. Hedge funds and other institutional investors own 92.49% of the company’s stock.
Several equities analysts have recently issued reports on the company. UBS Group lifted their price target on Msci from $173.00 to $187.00 and gave the company a “buy” rating in a research report on Tuesday, June 5th. Zacks Investment Research upgraded Msci from a “sell” rating to a “hold” rating in a report on Wednesday, May 9th. ValuEngine upgraded Msci from a “hold” rating to a “buy” rating in a report on Wednesday, May 2nd. Morgan Stanley lifted their target price on Msci from $146.00 to $160.00 and gave the stock an “equal weight” rating in a report on Friday, May 4th. Finally, Cantor Fitzgerald restated a “buy” rating and issued a $163.00 target price on shares of Msci in a report on Thursday, May 3rd. Three analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $157.33.
Msci (NYSE:MSCI) last issued its earnings results on Thursday, May 3rd. The technology company reported $1.31 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.26 by $0.05. The business had revenue of $351.32 million for the quarter, compared to analysts’ expectations of $349.01 million. Msci had a return on equity of 109.18% and a net margin of 26.14%. The company’s quarterly revenue was up 16.6% on a year-over-year basis. During the same period in the previous year, the firm posted $0.88 EPS. research analysts expect that Msci Inc will post 5.32 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Thursday, May 31st. Investors of record on Friday, May 18th were issued a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a dividend yield of 0.88%. The ex-dividend date was Thursday, May 17th. Msci’s payout ratio is 38.19%.
In other news, insider Richard J. Napolitano sold 3,362 shares of the firm’s stock in a transaction on Monday, May 7th. The stock was sold at an average price of $154.75, for a total value of $520,269.50. Following the completion of the sale, the insider now owns 12,612 shares of the company’s stock, valued at $1,951,707. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 2.36% of the company’s stock.
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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