Stratos Wealth Partners LTD. Invests $527,000 in MSCI Inc (NYSE:MSCI)
Stratos Wealth Partners LTD. acquired a new stake in shares of MSCI Inc (NYSE:MSCI) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 5,115 shares of the technology company’s stock, valued at approximately $527,000.
Several other institutional investors have also made changes to their positions in MSCI. Gulf International Bank UK Ltd increased its position in shares of MSCI by 1.1% in the first quarter. Gulf International Bank UK Ltd now owns 26,940 shares of the technology company’s stock valued at $2,618,000 after buying an additional 300 shares during the last quarter. Mitsubishi UFJ Asset Management UK Ltd. acquired a new position in shares of MSCI during the second quarter valued at approximately $1,854,000. Capstone Asset Management Co. increased its position in shares of MSCI by 1.4% in the first quarter. Capstone Asset Management Co. now owns 10,109 shares of the technology company’s stock valued at $982,000 after buying an additional 140 shares during the last quarter. Schwab Charles Investment Management Inc. increased its position in shares of MSCI by 8.0% in the first quarter. Schwab Charles Investment Management Inc. now owns 321,205 shares of the technology company’s stock valued at $31,218,000 after buying an additional 23,785 shares during the last quarter. Finally, Nikko Asset Management Americas Inc. increased its position in shares of MSCI by 63.6% in the first quarter. Nikko Asset Management Americas Inc. now owns 3,600 shares of the technology company’s stock valued at $350,000 after buying an additional 1,400 shares during the last quarter. Institutional investors and hedge funds own 95.18% of the company’s stock.
Shares of MSCI Inc (MSCI) opened at 111.17 on Monday. The stock has a market capitalization of $10.06 billion, a P/E ratio of 38.32 and a beta of 1.04. MSCI Inc has a 52-week low of $76.52 and a 52-week high of $113.38. The company has a 50 day moving average price of $105.87 and a 200-day moving average price of $98.31.
MSCI (NYSE:MSCI) last released its quarterly earnings results on Thursday, August 3rd. The technology company reported $0.95 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.90 by $0.05. The firm had revenue of $316.08 million for the quarter, compared to analyst estimates of $314.03 million. MSCI had a net margin of 24.01% and a return on equity of 82.82%. The business’s revenue for the quarter was up 8.8% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.77 EPS. On average, analysts predict that MSCI Inc will post $3.67 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, August 31st. Stockholders of record on Friday, August 18th will be given a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a dividend yield of 1.37%. The ex-dividend date is Wednesday, August 16th. This is a positive change from MSCI’s previous quarterly dividend of $0.28. MSCI’s payout ratio is presently 36.13%.
Several equities analysts have recently commented on MSCI shares. Zacks Investment Research downgraded MSCI from a “buy” rating to a “hold” rating in a research report on Thursday, April 13th. Cantor Fitzgerald restated a “buy” rating and issued a $100.00 price objective on shares of MSCI in a research report on Monday, May 15th. Morgan Stanley boosted their price objective on MSCI from $93.00 to $98.00 and gave the company an “equal weight” rating in a research report on Monday, May 8th. Barclays PLC started coverage on MSCI in a research report on Tuesday, July 18th. They issued an “equal weight” rating and a $110.00 price objective on the stock. Finally, Credit Suisse Group lowered their price objective on MSCI from $105.00 to $94.00 and set an “outperform” rating on the stock in a research report on Monday, May 15th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $102.29.
In other news, COO Cd Baer Pettit sold 2,083 shares of MSCI stock in a transaction that occurred on Monday, July 3rd. The shares were sold at an average price of $103.44, for a total transaction of $215,465.52. Following the sale, the chief operating officer now owns 180,349 shares of the company’s stock, valued at approximately $18,655,300.56. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 2.26% of the stock is currently owned by insiders.
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.
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.