MSCI Inc (MSCI) Holdings Maintained by Dai Ichi Life Insurance Company Ltd
Dai Ichi Life Insurance Company Ltd held its stake in MSCI Inc (NYSE:MSCI) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 6,664 shares of the technology company’s stock at the end of the second quarter. Dai Ichi Life Insurance Company Ltd’s holdings in MSCI were worth $686,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also modified their holdings of MSCI. Penserra Capital Management LLC purchased a new position in MSCI during the second quarter worth about $101,000. Van ECK Associates Corp boosted its holdings in MSCI by 6.8% during the first quarter. Van ECK Associates Corp now owns 1,494 shares of the technology company’s stock worth $145,000 after purchasing an additional 95 shares during the last quarter. OLD Mutual Customised Solutions Proprietary Ltd. boosted its holdings 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 worth $146,000 after purchasing an additional 805 shares during the last quarter. Pacer Advisors Inc. boosted its holdings in MSCI by 2.9% during the first quarter. Pacer Advisors Inc. now owns 1,639 shares of the technology company’s stock worth $159,000 after purchasing an additional 46 shares during the last quarter. Finally, Advisor Partners LLC purchased a new position in MSCI during the second quarter worth about $211,000. Hedge funds and other institutional investors own 94.46% of the company’s stock.
MSCI Inc (NYSE:MSCI) opened at 113.30 on Friday. The company’s 50-day moving average is $112.02 and its 200 day moving average is $103.46. The stock has a market capitalization of $10.20 billion, a PE ratio of 36.69 and a beta of 1.03. MSCI Inc has a 12-month low of $76.52 and a 12-month high of $118.06.
MSCI (NYSE:MSCI) last announced its quarterly earnings data 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. MSCI had a net margin of 24.01% and a return on equity of 87.11%. The company had revenue of $316.08 million for the quarter, compared to the consensus estimate of $314.03 million. During the same period in the prior year, the firm posted $0.77 EPS. MSCI’s revenue for the quarter was up 8.8% on a year-over-year basis. On average, equities research analysts expect that MSCI Inc will post $3.80 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 31st. Investors of record on Friday, August 18th were given a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a yield of 1.34%. This is an increase from MSCI’s previous quarterly dividend of $0.28. The ex-dividend date of this dividend was Wednesday, August 16th. MSCI’s dividend payout ratio is 49.03%.
In related news, COO Cd Baer Pettit sold 2,083 shares of the stock in a transaction dated Monday, August 7th. The shares were sold at an average price of $111.16, for a total transaction of $231,546.28. Following the sale, the chief operating officer now directly owns 178,266 shares of the company’s stock, valued at approximately $19,816,048.56. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders have sold a total of 6,249 shares of company stock worth $686,890 over the last three months. 2.26% of the stock is currently owned by insiders.
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Several research firms recently weighed in on MSCI. BidaskClub cut shares of MSCI from a “strong-buy” rating to a “buy” rating in a report on Thursday, June 22nd. Zacks Investment Research upgraded shares of MSCI from a “hold” rating to a “buy” rating and set a $115.00 price target on the stock in a report on Thursday, July 6th. UBS AG boosted their price target on shares of MSCI from $115.00 to $125.00 and gave the stock a “buy” rating in a report on Friday, August 4th. Morgan Stanley restated an “equal weight” rating and set a $97.00 price target (down from $98.00) on shares of MSCI in a report on Tuesday, July 18th. Finally, Barclays PLC began coverage on shares of MSCI in a report on Tuesday, July 18th. They set an “equal weight” rating and a $110.00 price target on the stock. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, four have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $106.29.
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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