MorganRosel Wealth Management LLC acquired a new stake in shares of Msci Inc (NYSE:MSCI) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 3,219 shares of the technology company’s stock, valued at approximately $701,000.
A number of other large investors have also recently added to or reduced their stakes in MSCI. Next Capital Management LLC bought a new stake in shares of Msci in the second quarter worth approximately $25,000. Squar Milner Financial Services LLC purchased a new position in shares of Msci in the third quarter worth approximately $28,000. Capital Investment Advisory Services LLC purchased a new position in shares of Msci in the second quarter worth approximately $33,000. Coastal Investment Advisors Inc. purchased a new position in shares of Msci in the third quarter worth approximately $39,000. Finally, Commonwealth Bank of Australia boosted its holdings in shares of Msci by 32.0% in the second quarter. Commonwealth Bank of Australia now owns 231 shares of the technology company’s stock worth $53,000 after buying an additional 56 shares during the last quarter. Institutional investors and hedge funds own 91.42% of the company’s stock.
Shares of MSCI stock traded down $1.68 during mid-day trading on Friday, hitting $245.00. The company had a trading volume of 367,146 shares, compared to its average volume of 561,695. Msci Inc has a 52-week low of $134.28 and a 52-week high of $249.25. The stock’s 50 day moving average price is $226.15 and its 200-day moving average price is $229.46. The company has a market capitalization of $20.20 billion, a P/E ratio of 45.79, a P/E/G ratio of 3.72 and a beta of 1.14.
Msci (NYSE:MSCI) last released its earnings results on Thursday, October 31st. The technology company reported $1.68 EPS for the quarter, topping the consensus estimate of $1.59 by $0.09. Msci had a net margin of 39.20% and a negative return on equity of 243.52%. The firm had revenue of $394.25 million for the quarter, compared to the consensus estimate of $387.79 million. During the same quarter in the previous year, the firm earned $1.35 earnings per share. The company’s quarterly revenue was up 10.2% compared to the same quarter last year. As a group, equities analysts expect that Msci Inc will post 6.41 earnings per share for the current year.
The firm also recently declared a dividend, which will be paid on Wednesday, November 27th. Investors of record on Friday, November 15th will be given a $0.68 dividend. The ex-dividend date is Thursday, November 14th. Msci’s dividend payout ratio is presently 50.84%.
In related news, Director Benjamin F. Dupont sold 8,000 shares of the business’s stock in a transaction on Tuesday, November 5th. The shares were sold at an average price of $238.51, for a total value of $1,908,080.00. Following the sale, the director now owns 17,095 shares in the company, valued at $4,077,328.45. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 3.10% of the company’s stock.
A number of equities analysts recently issued reports on the stock. ValuEngine downgraded shares of Msci from a “buy” rating to a “hold” rating in a report on Wednesday, October 2nd. Morgan Stanley raised their price objective on shares of Msci from $223.00 to $240.00 and gave the stock an “equal weight” rating in a report on Friday, July 19th. BMO Capital Markets lifted their price target on shares of Msci from $252.00 to $268.00 and gave the company an “outperform” rating in a report on Monday, November 4th. Zacks Investment Research raised shares of Msci from a “sell” rating to a “hold” rating and set a $258.00 price target on the stock in a report on Monday, November 4th. Finally, Buckingham Research lowered their price target on shares of Msci from $222.00 to $218.00 and set a “neutral” rating on the stock in a report on Friday, October 11th. Seven equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Msci currently has a consensus rating of “Hold” and a consensus target price of $240.20.
Msci Company 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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