Public Employees Retirement Association of Colorado lifted its holdings in MSCI Inc. (NYSE:MSCI) by 12.1% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 410,388 shares of the technology company’s stock after acquiring an additional 44,346 shares during the period. MSCI accounts for about 1.0% of Public Employees Retirement Association of Colorado’s portfolio, making the stock its 20th biggest holding. Public Employees Retirement Association of Colorado’s holdings in MSCI were worth $218,770,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Red Door Wealth Management LLC bought a new position in MSCI during the second quarter valued at approximately $28,000. Jacobi Capital Management LLC boosted its stake in MSCI by 59.0% during the second quarter. Jacobi Capital Management LLC now owns 62 shares of the technology company’s stock valued at $33,000 after buying an additional 23 shares during the last quarter. Lloyd Advisory Services LLC. boosted its stake in MSCI by 45.5% during the second quarter. Lloyd Advisory Services LLC. now owns 64 shares of the technology company’s stock valued at $34,000 after buying an additional 20 shares during the last quarter. Ameritas Investment Company LLC bought a new position in MSCI during the first quarter valued at approximately $36,000. Finally, SRS Capital Advisors Inc. bought a new position in MSCI during the second quarter valued at approximately $38,000. 90.61% of the stock is owned by hedge funds and other institutional investors.
A number of equities analysts recently commented on the company. Deutsche Bank Aktiengesellschaft increased their price target on MSCI from $600.00 to $650.00 and gave the company a “buy” rating in a research note on Tuesday, August 3rd. Barclays raised their price objective on MSCI from $545.00 to $700.00 and gave the company an “overweight” rating in a research note 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 research note on Tuesday, September 21st. Zacks Investment Research raised MSCI from a “hold” rating to a “buy” rating and set a $621.00 price objective for the company in a research note on Thursday, July 29th. Finally, Morgan Stanley raised their price objective on MSCI from $523.00 to $570.00 and gave the company an “equal weight” rating in a research note on Thursday, September 23rd. Two analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of $621.43.
Shares of NYSE:MSCI traded up $12.70 during trading on Thursday, hitting $611.00. The company had a trading volume of 4,801 shares, compared to its average volume of 379,042. The company has a fifty day simple moving average of $628.58 and a two-hundred day simple moving average of $544.70. MSCI Inc. has a one year low of $336.03 and a one year high of $667.07. The stock has a market cap of $50.37 billion, a price-to-earnings ratio of 71.40 and a beta of 0.97.
MSCI (NYSE:MSCI) last issued its quarterly earnings results on Tuesday, July 27th. The technology company reported $2.45 earnings per share for the quarter, topping the consensus estimate of $2.31 by $0.14. MSCI had a negative return on equity of 180.78% and a net margin of 37.97%. The firm had revenue of $498.20 million for the quarter, compared to the consensus estimate of $490.25 million. During the same period in the prior year, the business posted $1.77 earnings per share. The company’s revenue for the quarter was up 21.6% on a year-over-year basis. As a group, research analysts anticipate that MSCI Inc. will post 9.75 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, August 31st. Stockholders of record on Friday, August 13th were issued a $1.04 dividend. This represents a $4.16 annualized dividend and a dividend yield of 0.68%. This is an increase from MSCI’s previous quarterly dividend of $0.78. The ex-dividend date was Thursday, August 12th. MSCI’s dividend payout ratio is presently 53.13%.
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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