MSCI Inc (MSCI) Shares Bought by Dimensional Fund Advisors LP
Dimensional Fund Advisors LP boosted its stake in shares of MSCI Inc (NYSE:MSCI) by 0.2% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 496,006 shares of the technology company’s stock after purchasing an additional 862 shares during the period. Dimensional Fund Advisors LP owned approximately 0.55% of MSCI worth $51,087,000 at the end of the most recent reporting period.
A number of other large investors also recently added to or reduced their stakes in MSCI. OppenheimerFunds Inc. grew its position in MSCI by 0.3% during the 1st quarter. OppenheimerFunds Inc. now owns 2,958 shares of the technology company’s stock worth $287,000 after purchasing an additional 8 shares during the last quarter. PNC Financial Services Group Inc. grew its position in MSCI by 0.4% during the 1st quarter. PNC Financial Services Group Inc. now owns 8,751 shares of the technology company’s stock worth $851,000 after purchasing an additional 38 shares during the last quarter. Thrivent Financial For Lutherans grew its position in MSCI by 4.7% during the 1st quarter. Thrivent Financial For Lutherans now owns 16,910 shares of the technology company’s stock worth $1,643,000 after purchasing an additional 760 shares during the last quarter. MARSHALL WACE ASIA Ltd purchased a new stake in MSCI during the 1st quarter worth approximately $494,000. Finally, Marshall Wace North America L.P. purchased a new stake in MSCI during the 1st quarter worth approximately $494,000. 94.45% of the stock is currently owned by institutional investors.
In other news, COO Cd Baer Pettit sold 2,083 shares of the firm’s stock in a transaction that occurred on Monday, August 7th. The shares were sold at an average price of $111.16, for a total transaction of $231,546.28. Following the transaction, 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 legal filing with the SEC, which is accessible through this hyperlink. Over the last 90 days, insiders have sold 6,249 shares of company stock worth $724,009. Insiders own 2.26% of the company’s stock.
Shares of MSCI Inc (NYSE:MSCI) opened at 122.00 on Friday. The stock has a 50 day moving average of $117.49 and a 200 day moving average of $107.36. MSCI Inc has a 12-month low of $76.52 and a 12-month high of $123.18. The stock has a market capitalization of $10.99 billion, a P/E ratio of 39.51 and a beta of 1.03.
MSCI (NYSE:MSCI) last announced its earnings results on Thursday, August 3rd. The technology company reported $0.95 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.90 by $0.05. The business 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%. The company’s revenue for the quarter was up 8.8% compared to the same quarter last year. During the same period last year, the firm posted $0.77 earnings per share. Equities research analysts anticipate that MSCI Inc will post $3.80 EPS for the current fiscal year.
Several analysts have weighed in on the stock. BidaskClub raised shares of MSCI from a “buy” rating to a “strong-buy” rating in a research report on Thursday, July 13th. Morgan Stanley reissued an “equal weight” rating and set a $97.00 target price (down previously from $98.00) on shares of MSCI in a research report on Tuesday, July 18th. UBS AG boosted their target price on shares of MSCI from $115.00 to $125.00 and gave the stock a “buy” rating in a research report on Friday, August 4th. Barclays PLC assumed coverage on shares of MSCI in a research report on Tuesday, July 18th. They set an “equal weight” rating and a $110.00 target price on the stock. 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 report on Thursday, July 6th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, four have given a buy rating and one has issued a strong buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $111.50.
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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