Dimensional Fund Advisors LP Increases Position in MSCI Inc. (MSCI)
Dimensional Fund Advisors LP raised its stake in shares of MSCI Inc. (NYSE:MSCI) by 1.3% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 494,282 shares of the company’s stock after buying an additional 6,184 shares during the period. Dimensional Fund Advisors LP owned approximately 0.52% of MSCI worth $38,114,000 as of its most recent SEC filing.
Several other institutional investors have also added to or reduced their stakes in the stock. Teacher Retirement System of Texas increased its position in MSCI by 351.3% in the second quarter. Teacher Retirement System of Texas now owns 23,975 shares of the company’s stock valued at $1,849,000 after buying an additional 18,663 shares during the period. Kayne Anderson Rudnick Investment Management LLC increased its position in MSCI by 4.8% in the second quarter. Kayne Anderson Rudnick Investment Management LLC now owns 447,071 shares of the company’s stock valued at $34,478,000 after buying an additional 20,429 shares during the period. Denver Investment Advisors LLC acquired a new position in MSCI during the second quarter valued at approximately $1,893,000. Victory Capital Management Inc. increased its position in MSCI by 5.6% in the second quarter. Victory Capital Management Inc. now owns 9,917 shares of the company’s stock valued at $765,000 after buying an additional 528 shares during the period. Finally, JPMorgan Chase & Co. increased its position in MSCI by 11.0% in the second quarter. JPMorgan Chase & Co. now owns 1,326,592 shares of the company’s stock valued at $102,307,000 after buying an additional 131,172 shares during the period. Institutional investors and hedge funds own 95.31% of the company’s stock.
MSCI Inc. (NYSE:MSCI) opened at 83.00 on Wednesday. The firm has a market cap of $7.85 billion, a P/E ratio of 33.93 and a beta of 0.96. MSCI Inc. has a 1-year low of $60.36 and a 1-year high of $90.79. The stock has a 50 day moving average price of $85.16 and a 200 day moving average price of $80.58.
MSCI (NYSE:MSCI) last announced its quarterly earnings data on Thursday, July 28th. The company reported $0.77 earnings per share for the quarter, topping the consensus estimate of $0.72 by $0.05. MSCI had a return on equity of 34.95% and a net margin of 22.60%. The company earned $290.60 million during the quarter, compared to analyst estimates of $286.46 million. During the same quarter last year, the firm posted $0.56 EPS. The firm’s revenue for the quarter was up 7.4% on a year-over-year basis. On average, analysts anticipate that MSCI Inc. will post $2.92 EPS for the current year.
Several equities research analysts recently weighed in on MSCI shares. Zacks Investment Research cut shares of MSCI from a “buy” rating to a “hold” rating in a research report on Wednesday, June 29th. Credit Suisse Group AG began coverage on shares of MSCI in a report on Monday, July 11th. They issued an “outperform” rating and a $88.00 target price for the company. Cantor Fitzgerald set a $86.00 target price on shares of MSCI and gave the stock a “buy” rating in a report on Thursday, July 28th. Finally, Evercore ISI cut shares of MSCI from a “hold” rating to a “sell” rating and dropped their target price for the stock from $81.00 to $75.00 in a report on Tuesday, October 11th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the company. MSCI presently has a consensus rating of “Hold” and an average target price of $80.57.
In related news, Director Benjamin F. Dupont sold 5,307 shares of MSCI stock in a transaction dated Tuesday, August 30th. The stock was sold at an average price of $89.61, for a total value of $475,560.27. Following the completion of the sale, the director now owns 21,708 shares of the company’s stock, valued at approximately $1,945,253.88. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, COO Cd Baer Pettit sold 26,815 shares of MSCI stock in a transaction dated Monday, August 22nd. The shares were sold at an average price of $87.20, for a total value of $2,338,268.00. Following the transaction, the chief operating officer now directly owns 230,685 shares of the company’s stock, valued at approximately $20,115,732. The disclosure for this sale can be found here. 2.07% of the stock is owned by corporate insiders.
MSCI Inc (MSCI), together with its subsidiaries, offers content, applications and services to support the needs of institutional investors throughout their investment processes. The Company’s operating segment includes Index, Analytics and All Other segment. All Other segment comprises ESG and Real Estate segments.
Receive News & Ratings for MSCI Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for MSCI Inc. and related companies with MarketBeat.com's FREE daily email newsletter.