Msci Inc (MSCI) Position Boosted by Wells Fargo & Company MN
Wells Fargo & Company MN boosted its holdings in shares of Msci Inc (NYSE:MSCI) by 13.1% in the fourth quarter, HoldingsChannel.com reports. The fund owned 278,472 shares of the technology company’s stock after acquiring an additional 32,360 shares during the quarter. Wells Fargo & Company MN’s holdings in Msci were worth $35,238,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Victory Capital Management Inc. raised its position in Msci by 386.3% during the 3rd quarter. Victory Capital Management Inc. now owns 325,299 shares of the technology company’s stock valued at $38,027,000 after purchasing an additional 258,402 shares in the last quarter. Parametric Portfolio Associates LLC raised its position in Msci by 27.9% during the 3rd quarter. Parametric Portfolio Associates LLC now owns 700,056 shares of the technology company’s stock valued at $81,837,000 after purchasing an additional 152,644 shares in the last quarter. Allianz Asset Management GmbH raised its position in Msci by 1,752.8% during the 3rd quarter. Allianz Asset Management GmbH now owns 150,265 shares of the technology company’s stock valued at $17,566,000 after purchasing an additional 142,155 shares in the last quarter. National Pension Service bought a new stake in Msci during the 4th quarter valued at $13,610,000. Finally, First Trust Advisors LP raised its position in Msci by 97.3% during the 4th quarter. First Trust Advisors LP now owns 168,926 shares of the technology company’s stock valued at $21,376,000 after purchasing an additional 83,313 shares in the last quarter. Institutional investors own 92.43% of the company’s stock.
A number of equities research analysts have weighed in on MSCI shares. Barclays reaffirmed a “hold” rating and set a $135.00 target price on shares of Msci in a research report on Tuesday, December 19th. Zacks Investment Research raised Msci from a “hold” rating to a “buy” rating and set a $143.00 target price for the company in a research report on Thursday, January 4th. Cantor Fitzgerald lifted their target price on Msci to $163.00 and gave the company an “overweight” rating in a research report on Friday, February 2nd. Morgan Stanley lifted their target price on Msci from $135.00 to $146.00 and gave the company an “equal weight” rating in a research report on Wednesday, January 31st. Finally, UBS Group reaffirmed a “buy” rating and set a $177.00 target price (down from $180.00) on shares of Msci in a research report on Friday. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $153.33.
Msci (NYSE:MSCI) last released its quarterly earnings results on Thursday, February 1st. The technology company reported $1.15 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.99 by $0.16. The firm had revenue of $334.80 million during the quarter, compared to analyst estimates of $333.68 million. Msci had a return on equity of 108.68% and a net margin of 23.86%. The business’s revenue for the quarter was up 14.3% compared to the same quarter last year. During the same period in the previous year, the company posted $0.81 EPS. equities research analysts predict that Msci Inc will post 5.41 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, March 15th. Stockholders of record on Friday, February 16th will be given a $0.38 dividend. This represents a $1.52 annualized dividend and a dividend yield of 1.06%. The ex-dividend date is Thursday, February 15th. Msci’s payout ratio is 45.78%.
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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