Icon Advisers Inc. Co. Holds Holdings in MSCI Inc (MSCI)
Icon Advisers Inc. Co. held its stake in shares of MSCI Inc (NYSE:MSCI) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,900 shares of the technology company’s stock at the close of the 2nd quarter. Icon Advisers Inc. Co.’s holdings in MSCI were worth $711,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also modified their holdings of the company. Penserra Capital Management LLC acquired a new stake in MSCI in the second quarter valued at approximately $101,000. Van ECK Associates Corp grew its holdings in 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 purchasing an additional 95 shares during the period. OLD Mutual Customised Solutions Proprietary Ltd. grew its holdings in 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 purchasing an additional 805 shares during the period. Pacer Advisors Inc. grew its holdings in 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 purchasing an additional 46 shares during the period. Finally, Advisor Partners LLC acquired a new stake in MSCI in the second quarter valued at approximately $211,000. 94.59% of the stock is currently owned by institutional investors.
In other MSCI news, COO Cd Baer Pettit sold 2,083 shares of the business’s stock in a transaction that occurred on Tuesday, September 5th. The stock was sold at an average price of $115.16, for a total transaction of $239,878.28. Following the transaction, the chief operating officer now owns 176,183 shares in the company, valued at approximately $20,289,234.28. The transaction 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 in the last quarter. 2.26% of the stock is currently owned by insiders.
MSCI Inc (MSCI) opened at 113.30 on Monday. The stock has a 50 day moving average price of $112.02 and a 200 day moving average price of $103.46. MSCI Inc has a 52-week low of $76.52 and a 52-week high of $118.06. The stock has a market cap of $10.20 billion, a P/E ratio of 36.69 and a beta of 1.03.
MSCI (NYSE:MSCI) last released its earnings results on Thursday, August 3rd. The technology company reported $0.95 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.90 by $0.05. MSCI had a return on equity of 87.11% and a net margin of 24.01%. The company had revenue of $316.08 million for the quarter, compared to analysts’ expectations of $314.03 million. During the same quarter in the previous year, the firm posted $0.77 EPS. The firm’s quarterly revenue was up 8.8% on a year-over-year basis. On average, equities research analysts forecast that MSCI Inc will post $3.80 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Thursday, August 31st. Shareholders of record on Friday, August 18th were given a dividend of $0.38 per share. This is a boost from MSCI’s previous quarterly dividend of $0.28. The ex-dividend date was Wednesday, August 16th. This represents a $1.52 annualized dividend and a yield of 1.34%. MSCI’s payout ratio is presently 49.03%.
MSCI has been the topic of several research analyst reports. UBS AG raised their price objective on MSCI from $115.00 to $125.00 and gave the company a “buy” rating in a report on Friday, August 4th. Zacks Investment Research raised 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 lowered MSCI from a “strong-buy” rating to a “buy” rating in a report on Thursday, June 22nd. Morgan Stanley raised their price objective on MSCI from $97.00 to $125.00 and gave the company an “equal weight” rating in a report on Monday, August 7th. Finally, Barclays PLC initiated coverage on MSCI in a report on Tuesday, July 18th. They issued an “equal weight” rating and a $110.00 price objective on the stock. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $106.29.
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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