Msci Inc (MSCI) Position Trimmed by Artemis Investment Management LLP
Artemis Investment Management LLP reduced its position in Msci Inc (NYSE:MSCI) by 7.8% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 191,295 shares of the technology company’s stock after selling 16,170 shares during the period. Artemis Investment Management LLP’s holdings in Msci were worth $33,941,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Atria Investments LLC raised its holdings in Msci by 89.1% during the 2nd quarter. Atria Investments LLC now owns 2,555 shares of the technology company’s stock worth $423,000 after buying an additional 1,204 shares during the period. Bank of Montreal Can raised its holdings in Msci by 46.8% during the 2nd quarter. Bank of Montreal Can now owns 167,452 shares of the technology company’s stock worth $27,701,000 after buying an additional 53,412 shares during the period. World Asset Management Inc raised its holdings in Msci by 11.1% during the 2nd quarter. World Asset Management Inc now owns 6,234 shares of the technology company’s stock worth $1,031,000 after buying an additional 624 shares during the period. Nisa Investment Advisors LLC raised its holdings in Msci by 8.0% during the 2nd quarter. Nisa Investment Advisors LLC now owns 19,057 shares of the technology company’s stock worth $3,153,000 after buying an additional 1,416 shares during the period. Finally, Fred Alger Management Inc. raised its holdings in Msci by 425.9% during the 2nd quarter. Fred Alger Management Inc. now owns 25,516 shares of the technology company’s stock worth $4,221,000 after buying an additional 20,664 shares during the period. Institutional investors own 92.58% of the company’s stock.
Several analysts have issued reports on the company. Cantor Fitzgerald boosted their price objective on Msci to $192.00 and gave the stock an “overweight” rating in a report on Friday, August 3rd. Morgan Stanley boosted their price objective on Msci from $168.00 to $174.00 and gave the stock an “equal weight” rating in a report on Friday, August 3rd. BMO Capital Markets assumed coverage on Msci in a report on Wednesday, July 25th. They issued an “outperform” rating and a $198.00 target price on the stock. Barclays reiterated a “hold” rating and issued a $175.00 target price on shares of Msci in a report on Sunday, August 12th. Finally, Zacks Investment Research upgraded Msci from a “sell” rating to a “hold” rating in a report on Tuesday, August 7th. Four analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $175.29.
Msci (NYSE:MSCI) last issued its 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. The company had revenue of $357.90 million for the quarter, compared to the consensus estimate of $359.91 million. Msci had a return on equity of 121.45% and a net margin of 29.87%. The firm’s quarterly revenue was up 11.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.00 EPS. On average, sell-side analysts expect that Msci Inc will post 5.28 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, November 30th. Stockholders of record on Friday, November 16th will be issued a $0.58 dividend. The ex-dividend date of this dividend is Thursday, November 15th. This represents a $2.32 dividend on an annualized basis and a dividend yield of 1.59%. Msci’s dividend payout ratio is 58.29%.
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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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