ClariVest Asset Management LLC Has $2.11 Million Holdings in Msci Inc (MSCI)
ClariVest Asset Management LLC cut its position in shares of Msci Inc (NYSE:MSCI) by 27.9% during the third quarter, HoldingsChannel.com reports. The firm owned 11,900 shares of the technology company’s stock after selling 4,600 shares during the quarter. ClariVest Asset Management LLC’s holdings in Msci were worth $2,111,000 at the end of the most recent quarter.
Other hedge funds have also recently modified their holdings of the company. Flagship Harbor Advisors LLC purchased a new position in Msci during the second quarter worth about $114,000. Advisors Asset Management Inc. raised its stake in Msci by 8,437.5% during the second quarter. Advisors Asset Management Inc. now owns 70,776 shares of the technology company’s stock worth $135,000 after purchasing an additional 69,947 shares during the period. Harvest Fund Management Co. Ltd raised its stake in Msci by 113.9% during the third quarter. Harvest Fund Management Co. Ltd now owns 800 shares of the technology company’s stock worth $142,000 after purchasing an additional 426 shares during the period. Cerebellum GP LLC purchased a new position in Msci during the third quarter worth about $147,000. Finally, Rampart Investment Management Company LLC purchased a new position in Msci during the second quarter worth about $152,000. 92.58% of the stock is currently owned by institutional investors.
A number of equities analysts have commented on the stock. Zacks Investment Research reaffirmed a “hold” rating on shares of Msci in a research note on Wednesday, November 14th. BMO Capital Markets assumed coverage on shares of Msci in a research note on Wednesday, July 25th. They set an “outperform” rating and a $198.00 target price on the stock. Barclays reduced their target price on shares of Msci from $175.00 to $165.00 and set an “equal weight” rating on the stock in a research note on Friday, November 2nd. Morgan Stanley lifted their target price on shares of Msci from $168.00 to $174.00 and gave the stock an “equal weight” rating in a research note on Friday, August 3rd. Finally, Cantor Fitzgerald lifted their price target on shares of Msci to $192.00 and gave the company an “overweight” rating in a research report on Friday, August 3rd. Four research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $175.29.
Msci (NYSE:MSCI) last announced its quarterly earnings results on Thursday, November 1st. The technology company reported $1.35 earnings per share for the quarter, beating analysts’ consensus estimates of $1.29 by $0.06. Msci had a net margin of 29.87% and a return on equity of 121.45%. The business had revenue of $357.90 million during the quarter, compared to analysts’ expectations of $359.91 million. During the same period last year, the business earned $1.00 earnings per share. The business’s revenue for the quarter was up 11.1% on a year-over-year basis. As a group, equities research analysts predict that Msci Inc will post 5.28 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, November 30th. Shareholders of record on Friday, November 16th will be given a dividend of $0.58 per share. This represents a $2.32 dividend on an annualized basis and a dividend yield of 1.59%. The ex-dividend date of this dividend is Thursday, November 15th. Msci’s dividend payout ratio is presently 58.29%.
MSCI Inc, together with its subsidiaries, provides investment decision support tools for the clients to manage their investment processes worldwide. The company operates through four segments: Index, Analytics, ESG, and Real Estate. The Index segment primarily provides equity indexes for use 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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