Dorsey Wright & Associates Buys New Stake in MSCI Inc (MSCI)
Dorsey Wright & Associates bought a new stake in shares of MSCI Inc (NYSE:MSCI) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 46,080 shares of the technology company’s stock, valued at approximately $5,387,000. MSCI makes up 1.2% of Dorsey Wright & Associates’ investment portfolio, making the stock its 17th largest holding. Dorsey Wright & Associates owned about 0.05% of MSCI at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. New York State Common Retirement Fund lifted its position in MSCI by 8.0% during the third quarter. New York State Common Retirement Fund now owns 222,128 shares of the technology company’s stock valued at $25,967,000 after purchasing an additional 16,428 shares in the last quarter. CIBC Asset Management Inc lifted its position in MSCI by 1.6% during the third quarter. CIBC Asset Management Inc now owns 29,574 shares of the technology company’s stock valued at $3,457,000 after purchasing an additional 468 shares in the last quarter. Zweig DiMenna Associates LLC purchased a new position in MSCI during the third quarter valued at $468,000. Sei Investments Co. lifted its position in shares of MSCI by 0.3% in the third quarter. Sei Investments Co. now owns 196,511 shares of the technology company’s stock valued at $22,972,000 after acquiring an additional 650 shares in the last quarter. Finally, Candriam Luxembourg S.C.A. purchased a new position in shares of MSCI in the third quarter valued at about $468,000. Institutional investors own 95.64% of the company’s stock.
Shares of MSCI Inc (NYSE MSCI) traded down $2.86 during midday trading on Monday, reaching $125.02. The company’s stock had a trading volume of 312,000 shares, compared to its average volume of 515,980. The company has a quick ratio of 2.05, a current ratio of 2.05 and a debt-to-equity ratio of 5.77. MSCI Inc has a 52 week low of $76.52 and a 52 week high of $128.00. The company has a market capitalization of $11,260.41, a PE ratio of 34.35, a P/E/G ratio of 3.27 and a beta of 0.86.
MSCI (NYSE:MSCI) last issued its quarterly earnings data on Thursday, November 2nd. The technology company reported $1.00 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.97 by $0.03. MSCI had a return on equity of 106.15% and a net margin of 24.97%. The company had revenue of $322.10 million for the quarter, compared to analysts’ expectations of $322.96 million. During the same period in the previous year, the firm posted $0.77 earnings per share. The firm’s revenue for the quarter was up 11.7% on a year-over-year basis. equities analysts predict that MSCI Inc will post 3.82 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, November 30th. Shareholders of record on Friday, November 17th will be paid a dividend of $0.38 per share. The ex-dividend date of this dividend is Thursday, November 16th. This represents a $1.52 annualized dividend and a yield of 1.22%. MSCI’s payout ratio is currently 45.37%.
In other MSCI news, COO Cd Baer Pettit sold 2,083 shares of the business’s stock in a transaction that occurred on Monday, October 9th. The stock was sold at an average price of $121.26, for a total transaction of $252,584.58. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 2.26% of the company’s stock.
MSCI has been the topic of several research analyst reports. Morgan Stanley boosted their price objective on MSCI from $125.00 to $129.00 and gave the company an “equal weight” rating in a research report on Monday, October 23rd. Barclays PLC began coverage on MSCI in a research report on Tuesday, July 18th. They issued an “equal weight” rating and a $110.00 target price on the stock. UBS AG boosted their target price on MSCI from $115.00 to $125.00 and gave the stock a “buy” rating in a research report on Friday, August 4th. BidaskClub downgraded MSCI from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, November 1st. Finally, Credit Suisse Group boosted their target price on MSCI from $120.00 to $141.00 and gave the stock an “outperform” rating in a research report on Friday, November 3rd. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $127.17.
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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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