Msci Inc (NYSE:MSCI) Position Lifted by Profund Advisors LLC

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Profund Advisors LLC lifted its holdings in Msci Inc (NYSE:MSCI) by 36.8% during the second quarter, HoldingsChannel reports. The institutional investor owned 2,220 shares of the technology company’s stock after purchasing an additional 597 shares during the period. Profund Advisors LLC’s holdings in Msci were worth $530,000 as of its most recent filing with the SEC.

Several other institutional investors have also bought and sold shares of MSCI. Next Capital Management LLC bought a new stake in Msci in the 2nd quarter valued at about $25,000. Capital Investment Advisory Services LLC acquired a new position in Msci during the 2nd quarter valued at about $33,000. Commonwealth Bank of Australia increased its stake in Msci by 32.0% during the 2nd quarter. Commonwealth Bank of Australia now owns 231 shares of the technology company’s stock valued at $53,000 after buying an additional 56 shares during the period. Ossiam acquired a new position in Msci during the 2nd quarter valued at about $59,000. Finally, Advisory Services Network LLC increased its stake in Msci by 686.7% during the 2nd quarter. Advisory Services Network LLC now owns 354 shares of the technology company’s stock valued at $84,000 after buying an additional 309 shares during the period. Institutional investors own 91.75% of the company’s stock.

MSCI has been the topic of several research analyst reports. TheStreet raised shares of Msci from a “c+” rating to a “b-” rating in a research note on Monday, September 9th. UBS Group cut shares of Msci from a “buy” rating to a “neutral” rating and raised their target price for the company from $234.00 to $258.00 in a research note on Monday, July 8th. Finally, Morgan Stanley raised their target price on shares of Msci from $223.00 to $240.00 and gave the company an “equal weight” rating in a research note on Friday, July 19th. Four analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Msci currently has an average rating of “Buy” and an average price target of $217.63.

Shares of MSCI traded up $1.35 during mid-day trading on Thursday, hitting $235.10. The company’s stock had a trading volume of 9,759 shares, compared to its average volume of 545,078. The firm has a 50-day moving average price of $228.80 and a 200 day moving average price of $222.54. The stock has a market capitalization of $19.95 billion, a price-to-earnings ratio of 43.96, a PEG ratio of 3.65 and a beta of 1.13. Msci Inc has a fifty-two week low of $134.28 and a fifty-two week high of $247.57.

Msci (NYSE:MSCI) last announced its quarterly earnings data on Thursday, August 1st. The technology company reported $1.54 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.51 by $0.03. The company had revenue of $385.56 million for the quarter, compared to analysts’ expectations of $382.81 million. Msci had a net margin of 39.27% and a negative return on equity of 599.92%. The business’s revenue was up 6.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.30 EPS. Equities research analysts forecast that Msci Inc will post 6.31 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 30th. Stockholders of record on Friday, August 16th were paid a $0.68 dividend. The ex-dividend date was Thursday, August 15th. This represents a $2.72 annualized dividend and a dividend yield of 1.16%. This is a boost from Msci’s previous quarterly dividend of $0.58. Msci’s payout ratio is currently 50.84%.

Msci Profile

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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Institutional Ownership by Quarter for Msci (NYSE:MSCI)

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