MSCI Inc (MSCI) Shares Bought by Nikko Asset Management Americas Inc.
Nikko Asset Management Americas Inc. increased its stake in MSCI Inc (NYSE:MSCI) by 1,291.7% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 50,100 shares of the technology company’s stock after buying an additional 46,500 shares during the period. Nikko Asset Management Americas Inc.’s holdings in MSCI were worth $5,160,000 as of its most recent filing with the SEC.
A number of other hedge funds also recently made changes to their positions in MSCI. Van ECK Associates Corp increased its stake in shares of MSCI by 6.8% in the first quarter. Van ECK Associates Corp now owns 1,494 shares of the technology company’s stock valued at $145,000 after buying an additional 95 shares during the period. OLD Mutual Customised Solutions Proprietary Ltd. increased its stake in shares of MSCI by 115.0% in the first quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 1,505 shares of the technology company’s stock valued at $146,000 after buying an additional 805 shares during the period. Pacer Advisors Inc. increased its stake in shares of MSCI by 2.9% in the first quarter. Pacer Advisors Inc. now owns 1,639 shares of the technology company’s stock valued at $159,000 after buying an additional 46 shares during the period. Copper Rock Capital Partners LLC increased its stake in shares of MSCI by 309.1% in the second quarter. Copper Rock Capital Partners LLC now owns 2,078 shares of the technology company’s stock valued at $164,000 after buying an additional 1,570 shares during the period. Finally, Two Sigma Securities LLC bought a new stake in shares of MSCI during the first quarter valued at approximately $203,000. Hedge funds and other institutional investors own 95.87% of the company’s stock.
Shares of MSCI Inc (NYSE:MSCI) opened at 111.12 on Friday. The firm has a market capitalization of $10.01 billion, a P/E ratio of 35.98 and a beta of 1.04. MSCI Inc has a 12-month low of $76.52 and a 12-month high of $113.38. The stock has a 50 day moving average of $107.93 and a 200-day moving average of $100.54.
MSCI (NYSE:MSCI) last released its quarterly earnings results on Thursday, August 3rd. The technology company reported $0.95 EPS for the quarter, beating analysts’ consensus estimates of $0.90 by $0.05. The business had revenue of $316.08 million during the quarter, compared to analyst estimates of $314.03 million. MSCI had a return on equity of 87.11% and a net margin of 24.01%. MSCI’s quarterly revenue was up 8.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.77 EPS. On average, equities research analysts predict that MSCI Inc will post $3.80 EPS for the current fiscal year.
The firm also recently announced 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. The ex-dividend date of this dividend is Wednesday, August 16th. This is a positive change from MSCI’s previous quarterly dividend of $0.28. This represents a $1.52 annualized dividend and a dividend yield of 1.37%. MSCI’s dividend payout ratio (DPR) is currently 49.03%.
MSCI has been the topic of a number of recent research reports. Zacks Investment Research upgraded shares of MSCI from a “hold” rating to a “buy” rating and set a $115.00 price objective on the stock in a report on Thursday, July 6th. BidaskClub downgraded shares of MSCI from a “strong-buy” rating to a “buy” rating in a report on Thursday, June 22nd. UBS AG reiterated a “buy” rating and issued a $114.00 price objective (up from $99.00) on shares of MSCI in a report on Friday, May 5th. Cantor Fitzgerald reiterated a “buy” rating and issued a $100.00 price objective on shares of MSCI in a report on Friday, May 5th. Finally, Morgan Stanley reiterated an “equal weight” rating and issued a $97.00 price objective (down from $98.00) on shares of MSCI in a report on Tuesday, July 18th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, four have given a buy rating and one has issued a strong buy rating to the company. MSCI presently has an average rating of “Buy” and an average price target of $106.29.
In other news, COO Cd Baer Pettit sold 2,083 shares of the firm’s stock in a transaction on Monday, June 5th. The stock was sold at an average price of $103.97, for a total transaction of $216,569.51. Following the completion of the sale, the chief operating officer now directly owns 182,432 shares of the company’s stock, valued at approximately $18,967,455.04. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Over the last ninety days, insiders have sold 6,249 shares of company stock valued at $663,581. Insiders own 2.26% of the company’s stock.
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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