Nationwide Fund Advisors boosted its holdings in shares of MSCI Inc (NYSE:MSCI) by 68.6% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 400,163 shares of the technology company’s stock after purchasing an additional 162,774 shares during the quarter. Nationwide Fund Advisors owned about 0.44% of MSCI worth $41,213,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Penserra Capital Management LLC purchased a new stake in MSCI during the second quarter valued at $101,000. Van ECK Associates Corp raised its stake in MSCI by 6.8% during the first quarter. Van ECK Associates Corp now owns 1,494 shares of the technology company’s stock valued at $145,000 after purchasing an additional 95 shares in the last quarter. OLD Mutual Customised Solutions Proprietary Ltd. raised its stake in MSCI by 115.0% during 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 purchasing an additional 805 shares in the last quarter. Pacer Advisors Inc. raised its stake in MSCI by 2.9% during the first quarter. Pacer Advisors Inc. now owns 1,639 shares of the technology company’s stock valued at $159,000 after purchasing an additional 46 shares in the last quarter. Finally, Copper Rock Capital Partners LLC raised its stake in MSCI by 309.1% during the second quarter. Copper Rock Capital Partners LLC now owns 2,078 shares of the technology company’s stock valued at $164,000 after purchasing an additional 1,570 shares in the last quarter. 94.46% of the stock is currently owned by institutional investors.

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A number of research firms recently issued reports on MSCI. Morgan Stanley upped their price target on shares of MSCI from $97.00 to $125.00 and gave the company an “equal weight” rating in a research note on Monday, August 7th. UBS AG increased their target price on shares of MSCI from $115.00 to $125.00 and gave the company a “buy” rating in a research note on Friday, August 4th. Barclays PLC began coverage on shares of MSCI in a research note on Tuesday, July 18th. They issued an “equal weight” rating and a $110.00 target price on the stock. BidaskClub raised shares of MSCI from a “buy” rating to a “strong-buy” rating in a research note on Thursday, July 13th. Finally, Zacks Investment Research raised shares of MSCI from a “hold” rating to a “buy” rating and set a $115.00 target price on the stock in a research note on Thursday, July 6th. One 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’s stock. MSCI presently has an average rating of “Buy” and an average target price of $106.29.

MSCI Inc (NYSE:MSCI) traded down 1.28% on Thursday, hitting $112.83. 230,333 shares of the stock were exchanged. The firm has a market cap of $10.16 billion, a PE ratio of 36.54 and a beta of 1.03. The stock’s 50 day moving average price is $111.72 and its 200 day moving average price is $103.18. MSCI Inc has a 52-week low of $76.52 and a 52-week high of $118.06.

MSCI (NYSE:MSCI) last issued its quarterly earnings data on Thursday, August 3rd. The technology company reported $0.95 earnings per share (EPS) for the quarter, beating the 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 87.11%. MSCI’s revenue was up 8.8% on a year-over-year basis. During the same period in the previous year, the firm earned $0.77 EPS. Equities research analysts forecast that MSCI Inc will post $3.80 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 31st. Investors of record on Friday, August 18th were issued a $0.38 dividend. This is a positive change from MSCI’s previous quarterly dividend of $0.28. This represents a $1.52 annualized dividend and a yield of 1.33%. The ex-dividend date was Wednesday, August 16th. MSCI’s payout ratio is 49.03%.

In related news, COO Cd Baer Pettit sold 2,083 shares of the business’s stock in a transaction dated Monday, August 7th. The shares were sold at an average price of $111.16, for a total value of $231,546.28. Following the sale, the chief operating officer now directly owns 178,266 shares in the company, valued at approximately $19,816,048.56. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Over the last 90 days, insiders sold 6,249 shares of company stock worth $686,890. 2.26% of the stock is owned by insiders.

MSCI 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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Institutional Ownership by Quarter for MSCI (NYSE:MSCI)

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