Oppenheimer Asset Management Inc. reduced its holdings in shares of Msci Inc (NYSE:MSCI) by 17.2% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 3,573 shares of the technology company’s stock after selling 740 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in Msci were worth $634,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other large investors have also made changes to their positions in the company. Flagship Harbor Advisors LLC bought a new position in shares of Msci during the second quarter valued at $114,000. Smithfield Trust Co. lifted its holdings in shares of Msci by 2,573.3% during the second quarter. Smithfield Trust Co. now owns 802 shares of the technology company’s stock valued at $133,000 after purchasing an additional 772 shares in the last quarter. Cerebellum GP LLC purchased a new stake in Msci during the third quarter valued at $147,000. Rampart Investment Management Company LLC purchased a new stake in Msci during the second quarter valued at $152,000. Finally, Point72 Hong Kong Ltd purchased a new stake in Msci during the second quarter valued at $207,000. 92.03% of the stock is currently owned by hedge funds and other institutional investors.
Msci stock opened at $147.77 on Wednesday. The firm has a market cap of $12.80 billion, a P/E ratio of 37.13, a PEG ratio of 2.74 and a beta of 1.09. The company has a debt-to-equity ratio of 7.43, a current ratio of 2.65 and a quick ratio of 2.65. Msci Inc has a one year low of $123.80 and a one year high of $184.22.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 30th. Investors 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 yield of 1.57%. The ex-dividend date of this dividend is Thursday, November 15th. Msci’s dividend payout ratio (DPR) is presently 58.29%.
A number of analysts recently commented on the company. Morgan Stanley set a $185.00 price objective on Msci and gave the company a “hold” rating in a research report on Thursday, September 13th. Zacks Investment Research upgraded Msci from a “sell” rating to a “hold” rating in a research report on Tuesday, August 7th. Barclays reiterated a “hold” rating and set a $175.00 price objective on shares of Msci in a research report on Sunday, August 12th. BMO Capital Markets assumed coverage on Msci in a research report on Wednesday, July 25th. They set an “outperform” rating and a $198.00 price objective for the company. Finally, Cantor Fitzgerald upped their price objective on Msci to $192.00 and gave the company an “overweight” rating in a research report on Friday, August 3rd. Four investment 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 an average rating of “Buy” and a consensus price target of $175.29.
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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