Bowie Capital Management LLC Has $6,179,000 Stake in MSCI Inc (MSCI)
Bowie Capital Management LLC held its position in shares of MSCI Inc (NYSE:MSCI) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 60,000 shares of the technology company’s stock at the close of the second quarter. MSCI makes up 1.7% of Bowie Capital Management LLC’s holdings, making the stock its 12th largest position. Bowie Capital Management LLC owned approximately 0.07% of MSCI worth $6,179,000 as of its most recent SEC filing.
Other large investors have also bought and sold shares of the company. Penserra Capital Management LLC acquired a new position in MSCI during the second quarter valued at $101,000. Van ECK Associates Corp raised its position 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 buying an additional 95 shares during the period. OLD Mutual Customised Solutions Proprietary Ltd. raised its position 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 buying an additional 805 shares during the period. Pacer Advisors Inc. raised its position 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 buying an additional 46 shares during the period. Finally, Copper Rock Capital Partners LLC raised its position 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 buying an additional 1,570 shares during the period. 94.59% of the stock is currently owned by hedge funds and other institutional investors.
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Shares of MSCI Inc (NYSE MSCI) traded up 0.17% on Thursday, reaching $114.49. The company’s stock had a trading volume of 49,428 shares. The stock has a market cap of $10.31 billion, a PE ratio of 37.08 and a beta of 1.03. MSCI Inc has a 1-year low of $76.52 and a 1-year high of $118.06. The company’s 50 day moving average is $112.24 and its 200-day moving average is $103.84.
MSCI (NYSE:MSCI) last issued 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 company had revenue of $316.08 million for 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%. The company’s quarterly revenue was up 8.8% compared to the same quarter last year. During the same period in the previous year, the company posted $0.77 earnings per share. On average, equities analysts predict that MSCI Inc will post $3.80 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Thursday, August 31st. Stockholders of record on Friday, August 18th were issued a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a dividend yield of 1.33%. This is a positive change from MSCI’s previous quarterly dividend of $0.28. The ex-dividend date was Wednesday, August 16th. MSCI’s payout ratio is 49.03%.
Several research firms recently weighed in on MSCI. BidaskClub lowered MSCI from a “strong-buy” rating to a “buy” rating in a research report on Thursday, June 22nd. Zacks Investment Research raised MSCI from a “hold” rating to a “buy” rating and set a $115.00 price target on the stock in a research report on Thursday, July 6th. UBS AG upped their price target on MSCI from $115.00 to $125.00 and gave the company a “buy” rating in a research report on Friday, August 4th. Morgan Stanley reissued an “equal weight” rating and set a $97.00 price target (down from $98.00) on shares of MSCI in a research report on Tuesday, July 18th. Finally, Barclays PLC began coverage on MSCI in a research report on Tuesday, July 18th. They set an “equal weight” rating and a $110.00 price target on the stock. One equities 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. The company presently has an average rating of “Buy” and an average target price of $106.29.
In other news, COO Cd Baer Pettit sold 2,083 shares of the business’s stock in a transaction dated Monday, August 7th. The stock was 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 $19,816,048.56. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Over the last 90 days, insiders sold 6,249 shares of company stock worth $686,890. Corporate insiders own 2.26% of the company’s stock.
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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