CIBC Asset Management Inc cut its holdings in Msci Inc (NYSE:MSCI) by 2.4% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 28,854 shares of the technology company’s stock after selling 720 shares during the quarter. CIBC Asset Management Inc’s holdings in Msci were worth $3,651,000 as of its most recent SEC filing.
Other institutional investors have also bought and sold shares of the company. Dupont Capital Management Corp purchased a new stake in shares of Msci in the third quarter valued at approximately $105,000. Cerebellum GP LLC acquired a new stake in shares of Msci in the fourth quarter worth approximately $125,000. Toronto Dominion Bank boosted its stake in shares of Msci by 13.7% in the second quarter. Toronto Dominion Bank now owns 1,113 shares of the technology company’s stock worth $115,000 after acquiring an additional 134 shares during the last quarter. Tocqueville Asset Management L.P. acquired a new stake in shares of Msci in the third quarter worth approximately $201,000. Finally, Lourd Capital LLC acquired a new stake in shares of Msci in the fourth quarter worth approximately $219,000. Institutional investors and hedge funds own 92.05% of the company’s stock.
A number of analysts have recently issued reports on the company. Barclays reaffirmed a “hold” rating and issued a $150.00 price target on shares of Msci in a research note on Friday, February 2nd. Cantor Fitzgerald lifted their price target on Msci to $163.00 and gave the stock an “overweight” rating in a research note on Friday, February 2nd. Morgan Stanley lifted their price target on Msci from $135.00 to $146.00 and gave the stock an “equal weight” rating in a research note on Wednesday, January 31st. UBS Group lifted their price target on Msci from $125.00 to $141.00 and gave the stock a “buy” rating in a research note on Friday, November 3rd. Finally, Zacks Investment Research lowered Msci from a “buy” rating to a “hold” rating in a research note on Tuesday, November 7th. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $147.33.
Msci (NYSE:MSCI) last released its quarterly earnings data on Thursday, February 1st. The technology company reported $1.15 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.99 by $0.16. The company had revenue of $334.80 million for the quarter, compared to analyst estimates of $333.68 million. Msci had a return on equity of 116.05% and a net margin of 23.86%. The firm’s revenue for the quarter was up 14.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.81 earnings per share. equities analysts forecast that Msci Inc will post 5.41 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 15th. Shareholders of record on Friday, February 16th will be paid a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a yield of 1.04%. The ex-dividend date of this dividend is Thursday, February 15th. Msci’s dividend payout ratio (DPR) is currently 45.78%.
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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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