TD Asset Management Inc increased its position in MSCI Inc (NYSE:MSCI - Free Report) by 196.4% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 112,214 shares of the technology company's stock after acquiring an additional 74,361 shares during the quarter. TD Asset Management Inc owned about 0.15% of MSCI worth $64,718,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Sunbelt Securities Inc. grew its stake in MSCI by 15.4% in the first quarter. Sunbelt Securities Inc. now owns 142 shares of the technology company's stock worth $80,000 after purchasing an additional 19 shares during the period. Optivise Advisory Services LLC boosted its holdings in shares of MSCI by 3.8% during the 1st quarter. Optivise Advisory Services LLC now owns 540 shares of the technology company's stock valued at $306,000 after buying an additional 20 shares in the last quarter. Quotient Wealth Partners LLC grew its position in shares of MSCI by 5.9% in the 1st quarter. Quotient Wealth Partners LLC now owns 361 shares of the technology company's stock worth $204,000 after buying an additional 20 shares during the period. Gries Financial LLC increased its stake in shares of MSCI by 1.3% in the 2nd quarter. Gries Financial LLC now owns 1,505 shares of the technology company's stock worth $868,000 after acquiring an additional 20 shares in the last quarter. Finally, Copperwynd Financial LLC increased its stake in shares of MSCI by 1.1% in the 2nd quarter. Copperwynd Financial LLC now owns 1,793 shares of the technology company's stock worth $1,034,000 after acquiring an additional 20 shares in the last quarter. Institutional investors own 89.97% of the company's stock.
Insider Activity
In related news, CEO Henry A. Fernandez purchased 84 shares of the company's stock in a transaction dated Friday, July 25th. The shares were purchased at an average price of $548.69 per share, with a total value of $46,089.96. Following the acquisition, the chief executive officer directly owned 1,279,951 shares in the company, valued at $702,296,314.19. The trade was a 0.01% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Over the last quarter, insiders have bought 12,400 shares of company stock worth $6,731,599. Company insiders own 3.31% of the company's stock.
MSCI Trading Down 0.9%
MSCI stock opened at $548.82 on Thursday. The stock's 50 day simple moving average is $563.49 and its 200 day simple moving average is $559.00. MSCI Inc has a 12-month low of $486.73 and a 12-month high of $642.45. The stock has a market capitalization of $42.46 billion, a PE ratio of 36.35, a price-to-earnings-growth ratio of 2.70 and a beta of 1.33.
MSCI (NYSE:MSCI - Get Free Report) last posted its quarterly earnings results on Tuesday, July 22nd. The technology company reported $4.17 earnings per share for the quarter, topping the consensus estimate of $4.12 by $0.05. The firm had revenue of $772.68 million during the quarter, compared to analysts' expectations of $763.06 million. MSCI had a negative return on equity of 143.13% and a net margin of 39.46%.The company's revenue was up 9.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $3.64 earnings per share. On average, research analysts predict that MSCI Inc will post 16.86 earnings per share for the current year.
MSCI Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Friday, August 29th. Shareholders of record on Friday, August 15th were paid a dividend of $1.80 per share. The ex-dividend date was Friday, August 15th. This represents a $7.20 annualized dividend and a yield of 1.3%. MSCI's dividend payout ratio is currently 47.68%.
Wall Street Analyst Weigh In
Several research firms recently commented on MSCI. JPMorgan Chase & Co. boosted their price objective on shares of MSCI from $625.00 to $655.00 and gave the stock an "overweight" rating in a research note on Wednesday, September 10th. Seaport Res Ptn raised MSCI to a "strong-buy" rating in a research report on Wednesday, October 1st. Weiss Ratings reaffirmed a "buy (b-)" rating on shares of MSCI in a research report on Wednesday, October 8th. UBS Group lifted their price objective on MSCI from $655.00 to $700.00 and gave the company a "buy" rating in a research note on Tuesday, July 8th. Finally, Evercore ISI increased their target price on MSCI from $588.00 to $611.00 and gave the stock an "outperform" rating in a research note on Tuesday. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $647.70.
Check Out Our Latest Research Report on MSCI
MSCI Profile
(
Free Report)
MSCI Inc, together with its subsidiaries, provides critical decision support tools and solutions for the investment community to manage investment processes worldwide. The Index segment provides indexes for use in various areas of the investment process, including indexed financial product, such as ETFs, mutual funds, annuities, futures, options, structured products, and over-the-counter derivatives; performance benchmarking; portfolio construction and rebalancing; and asset allocation, as well as licenses GICS and GICS Direct.
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