Allspring Global Investments Holdings LLC increased its holdings in MSCI Inc. (NYSE: MSCI – Free Report ) by 7.7% in the first quarter, according to its latest filing with the SEC. The firm bought an additional 3,465 shares during the quarter and now owns 48,601 shares of the technology company’s stock. Allspring Global Investments Holdings LLC now owns 0.06% of MSCI worth $27,239,000, according to its latest filing with the SEC.
Several other large investors also modified their holdings in the stock. Norges Bank acquired a new stake in MSCI shares worth $496,541,000 in the fourth quarter. Impax Asset Management Group increased its holdings in MSCI by 803.9% in the fourth quarter. Impax Asset Management Group now owns 587,978 shares of the technology company’s stock valued at $331,906,000 after purchasing an additional 522,926 shares in the last quarter. Colorado Public Employees Retirement Association increased its holdings in MSCI by 3,600.0% in the fourth quarter. Colorado Public Employees Retirement Association now owns 253,636 shares of the technology company’s stock valued at $143,469,000 after purchasing an additional 246,781 shares in the last quarter. American Century Companies increased its holdings in MSCI by 32.5% in the third quarter. The firm now owns 959,894 shares of the technology company’s stock valued at $492,502,000. It purchased an additional 235,290 shares in the last quarter. Finally, Wellington Management Group increased its holdings in MSCI by 14.0% in the third quarter. Wellington Management Group now owns 1,460,634 shares of the technology company’s stock valued at $749,422,000. It purchased an additional 179,508 shares in the last quarter. 89.97% of the stock is held by institutional investors.
MSCI Price Performance
MSCI shares opened trading at $495.24 on Friday. The company has a market cap of $39.23 billion, a P/E ratio of 33.80, a PEG ratio of 2.53 and a beta of 1.10. MSCI Inc.’s one-year low is $439.95 and its one-year high is $617.39. The company’s 50-day simple moving average is $486.89 and its 200-day simple moving average is $529.39.
MSCI (NYSE:MSCI – Get free report ) last released its earnings results on Tuesday, April 23rd. The technology company reported quarterly EPS of $3.52, beating the consensus estimate of $3.44 by $0.08. The business’s quarterly revenue was $680 million, beating the consensus estimate of $685.47 million. MSCI’s ROE was -121.86% and net margin was 44.55%. MSCI’s revenue grew 14.8% year-over-year. EPS during the same period last year was $3.14. Sell-side analysts on average expect MSCI Inc. to post EPS of $14.66 for the current fiscal year.
MSCI Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Friday, May 31. Investors of record on Friday, May 17th were paid a $1.60 dividend. This equates to an annualized dividend of $6.40, or a yield of 1.29%. The ex-dividend date is Thursday, May 16th. MSCI’s Dividend Payout Ratio (DPR) is currently at 43.69%.
Insider trading
In related news, insider Scott A. Cram sold 9,000 shares of the company’s stock in a transaction that occurred on Tuesday, April 30th. The shares were sold at an average price of $471.69, for a total value of $4,245,210.00. Following the completion of the transaction, the insider now owns 12,831 shares of the company’s stock, valued at approximately $6,052,254.39. The transaction was disclosed in a filing with the Securities and Exchange Commission, which can be accessed on the SEC’s website. In related news, insider Scott A. Cram sold 9,000 shares of the company’s stock in a transaction that occurred on Tuesday, April 30th. The shares were sold at an average price of $471.69, for a total value of $4,245,210.00. Following the completion of the transaction, the insider now owns 12,831 shares of the company’s stock, valued at approximately $6,052,254.39. The transaction was disclosed in a filing with the Securities and Exchange Commission, which can be accessed on the SEC’s website. Additionally, CEO Henry A. Fernandez purchased 13,000 shares of the company’s stock in a transaction on Thursday, April 25th. The shares were acquired at an average price of $465.92 per share, for a total value of $6,056,960.00. Following the transaction, the CEO now directly owns 327,479 shares of the company’s stock, valued at approximately $152,579,015.68. The disclosure for this purchase can be found here. 3.20% of the stock is now owned by company insiders.
Analysts Set New Price Targets
Several equity analysts have offered their opinions on MSCI stock. Redburn Atlantic raised MSCI from a “neutral” rating to a “buy” and set a $485 price target in a report on Monday, May 13th. Barclays lowered their price target on MSCI from $700 to $600 and set an “overweight” rating on the stock in a report on Wednesday, April 24th. Morgan Stanley lowered their price target on MSCI from $671 to $615 and set an “overweight” rating on the stock in a report on Wednesday, April 24th. Royal Bank reaffirmed an “outperform” rating on MSCI shares and set a $638 price target in a research note on Tuesday, June 25th. Finally, Goldman Sachs Group cut their price target on MSCI from $615.00 to $526.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 24. One analyst has rated the stock with a sell rating, seven have rated it with a hold rating, and ten have rated it with a buy rating. According to MarketBeat.com, the company currently has a “moderate buy” consensus rating with a consensus price target of $570.53.
Get the latest MSCI reports
MSCI Profile
(Free report)
MSCI Inc, together with its subsidiaries, provides the investment community with critical decision support tools and solutions for managing the investment process worldwide. The Index division offers indexes for use in various areas of the investment process, including index financial products such as ETFs, mutual funds, annuities, futures, options, structured products and over-the-counter derivatives, performance benchmarking, portfolio construction and rebalancing, asset allocation, as well as GICS and GICS Direct licenses.
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