Sei Investments Co. Purchases 650 Shares of MSCI Inc (MSCI)
Sei Investments Co. boosted its position in MSCI Inc (NYSE:MSCI) by 0.3% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 196,511 shares of the technology company’s stock after acquiring an additional 650 shares during the period. Sei Investments Co. owned 0.22% of MSCI worth $22,972,000 at the end of the most recent quarter.
A number of other institutional investors have also recently bought and sold shares of the stock. Candriam Luxembourg S.C.A. bought a new position in MSCI in the third quarter valued at about $468,000. Prudential Financial Inc. boosted its holdings in MSCI by 9.2% in the third quarter. Prudential Financial Inc. now owns 512,698 shares of the technology company’s stock valued at $59,934,000 after acquiring an additional 43,380 shares during the last quarter. Trillium Asset Management LLC boosted its holdings in MSCI by 2.1% in the third quarter. Trillium Asset Management LLC now owns 121,438 shares of the technology company’s stock valued at $14,196,000 after acquiring an additional 2,500 shares during the last quarter. State of Tennessee Treasury Department boosted its holdings in MSCI by 57.7% in the third quarter. State of Tennessee Treasury Department now owns 82,000 shares of the technology company’s stock valued at $9,586,000 after acquiring an additional 30,000 shares during the last quarter. Finally, State of Wisconsin Investment Board boosted its holdings in MSCI by 2.3% in the third quarter. State of Wisconsin Investment Board now owns 76,245 shares of the technology company’s stock valued at $8,913,000 after acquiring an additional 1,720 shares during the last quarter. Institutional investors and hedge funds own 95.64% of the company’s stock.
A number of equities analysts have issued reports on the company. Zacks Investment Research cut MSCI from a “buy” rating to a “hold” rating in a report on Tuesday, November 7th. Morgan Stanley restated an “equal weight” rating and set a $97.00 target price (down previously from $98.00) on shares of MSCI in a report on Tuesday, July 18th. Barclays PLC initiated 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. UBS AG raised their price target on MSCI from $115.00 to $125.00 and gave the stock a “buy” rating in a research report on Friday, August 4th. Finally, BidaskClub lowered MSCI from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, November 1st. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $127.17.
Shares of MSCI Inc (NYSE:MSCI) opened at $125.46 on Tuesday. MSCI Inc has a 1 year low of $76.52 and a 1 year high of $128.00. The stock has a market capitalization of $11,260.41, a P/E ratio of 34.35, a P/E/G ratio of 3.27 and a beta of 0.86. The company has a debt-to-equity ratio of 5.77, a current ratio of 2.05 and a quick ratio of 2.05.
MSCI (NYSE:MSCI) last announced its earnings results on Thursday, November 2nd. The technology company reported $1.00 earnings per share (EPS) for the quarter, beating the Zacks’ 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 business had revenue of $322.10 million for the quarter, compared to analyst estimates of $322.96 million. During the same quarter last year, the firm earned $0.77 EPS. MSCI’s revenue for the quarter was up 11.7% compared to the same quarter last year. equities analysts expect that MSCI Inc will post 3.82 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, November 30th. Investors of record on Friday, November 17th will be given a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a yield of 1.21%. The ex-dividend date is Thursday, November 16th. MSCI’s dividend payout ratio is presently 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 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 of the company’s stock, valued at approximately $20,289,234.28. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.26% of the stock is currently owned by company insiders.
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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