MSCI Inc (MSCI) Shares Sold by Korea Investment CORP
Korea Investment CORP decreased its stake in MSCI Inc (NYSE:MSCI) by 32.8% during the second quarter, Holdings Channel reports. The fund owned 67,000 shares of the technology company’s stock after selling 32,700 shares during the period. Korea Investment CORP’s holdings in MSCI were worth $6,900,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors have also modified their holdings of MSCI. Vanguard Group Inc. boosted its stake in MSCI by 2.1% in the first quarter. Vanguard Group Inc. now owns 8,620,375 shares of the technology company’s stock valued at $837,814,000 after buying an additional 174,154 shares during the period. BlackRock Inc. boosted its stake in MSCI by 5,307.1% in the first quarter. BlackRock Inc. now owns 8,220,286 shares of the technology company’s stock valued at $798,929,000 after buying an additional 8,068,258 shares during the period. Morgan Stanley boosted its stake in MSCI by 5.0% in the first quarter. Morgan Stanley now owns 3,360,760 shares of the technology company’s stock valued at $326,631,000 after buying an additional 160,690 shares during the period. Bank of New York Mellon Corp boosted its stake in MSCI by 6.8% in the first quarter. Bank of New York Mellon Corp now owns 1,144,345 shares of the technology company’s stock valued at $111,219,000 after buying an additional 73,287 shares during the period. Finally, Findlay Park Partners LLP boosted its stake in MSCI by 322.5% in the first quarter. Findlay Park Partners LLP now owns 890,489 shares of the technology company’s stock valued at $86,547,000 after buying an additional 679,729 shares during the period. 95.18% of the stock is owned by hedge funds and other institutional investors.
Shares of MSCI Inc (NYSE:MSCI) opened at 107.26 on Friday. The company has a 50-day moving average price of $106.89 and a 200 day moving average price of $99.37. The company has a market capitalization of $9.66 billion, a PE ratio of 34.73 and a beta of 1.04. MSCI Inc has a one year low of $76.52 and a one year high of $113.38.
MSCI (NYSE:MSCI) last announced its quarterly earnings data on Thursday, August 3rd. The technology company reported $0.95 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.90 by $0.05. The company had revenue of $316.08 million for the quarter, compared to analysts’ expectations of $314.03 million. MSCI had a return on equity of 87.11% and a net margin of 24.01%. MSCI’s revenue for the quarter was up 8.8% compared to the same quarter last year. During the same period last year, the firm posted $0.77 EPS. Equities analysts anticipate that MSCI Inc will post $3.80 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, August 31st. Investors 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 yield of 1.42%. This is a positive change from MSCI’s previous quarterly dividend of $0.28. The ex-dividend date of this dividend is Wednesday, August 16th. MSCI’s dividend payout ratio (DPR) is presently 36.13%.
MSCI has been the topic of several research reports. Zacks Investment Research cut MSCI from a “buy” rating to a “hold” rating in a report on Thursday, April 13th. Cantor Fitzgerald restated a “buy” rating and set a $100.00 price target on shares of MSCI in a report on Friday, May 5th. UBS AG restated a “buy” rating and set a $114.00 price target (up from $99.00) on shares of MSCI in a report on Friday, May 5th. Credit Suisse Group reduced their price target on MSCI from $105.00 to $94.00 and set an “outperform” rating on the stock in a report on Friday, May 5th. Finally, Morgan Stanley boosted their price target on MSCI from $93.00 to $98.00 and gave the stock an “equal weight” rating in a report on Monday, May 8th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. MSCI has an average rating of “Buy” and an average price target of $106.29.
In related news, COO Cd Baer Pettit sold 2,083 shares of the firm’s stock in a transaction that occurred on Monday, August 7th. The stock was sold at an average price of $111.16, for a total transaction of $231,546.28. Following the transaction, the chief operating officer now directly owns 178,266 shares in the company, valued at approximately $19,816,048.56. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Over the last 90 days, insiders have sold 6,249 shares of company stock worth $663,581. 2.26% of the stock is owned by corporate insiders.
MSCI Company Profile
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.
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