OxFORD Asset Management LLP bought a new position in MSCI Inc (NYSE:MSCI) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 37,482 shares of the technology company’s stock, valued at approximately $4,390,000.
A number of other hedge funds and other institutional investors also recently modified their holdings of the business. KBC Group NV raised its holdings in shares of MSCI by 25.3% during the 3rd quarter. KBC Group NV now owns 120,087 shares of the technology company’s stock valued at $14,038,000 after buying an additional 24,231 shares in the last quarter. Schwab Charles Investment Management Inc. raised its holdings in shares of MSCI by 4.8% during the 3rd quarter. Schwab Charles Investment Management Inc. now owns 297,295 shares of the technology company’s stock valued at $34,754,000 after buying an additional 13,649 shares in the last quarter. Jupiter Asset Management Ltd. raised its holdings in shares of MSCI by 4.3% during the 3rd quarter. Jupiter Asset Management Ltd. now owns 152,300 shares of the technology company’s stock valued at $17,804,000 after buying an additional 6,300 shares in the last quarter. WINTON GROUP Ltd raised its holdings in shares of MSCI by 88.2% during the 3rd quarter. WINTON GROUP Ltd now owns 4,724 shares of the technology company’s stock valued at $552,000 after buying an additional 2,214 shares in the last quarter. Finally, Wells Fargo & Company MN raised its holdings in shares of MSCI by 8.6% during the 3rd quarter. Wells Fargo & Company MN now owns 246,112 shares of the technology company’s stock valued at $28,771,000 after buying an additional 19,559 shares in the last quarter. Institutional investors and hedge funds own 92.84% of the company’s stock.
A number of equities analysts recently weighed in on MSCI shares. Morgan Stanley raised their price objective on MSCI from $125.00 to $129.00 and gave the company an “equal weight” rating in a report on Monday, October 23rd. Credit Suisse Group raised their price objective on MSCI from $120.00 to $141.00 and gave the company an “outperform” rating in a report on Friday, November 3rd. BidaskClub cut MSCI from a “strong-buy” rating to a “buy” rating in a report on Wednesday, November 1st. Zacks Investment Research cut MSCI from a “buy” rating to a “hold” rating in a report on Tuesday, November 7th. Finally, Cantor Fitzgerald reissued a “buy” rating and set a $126.00 price objective on shares of MSCI in a report on Thursday, November 2nd. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. MSCI has an average rating of “Buy” and an average price target of $127.17.
Shares of MSCI Inc (MSCI) traded up $0.12 during trading on Thursday, reaching $128.12. The company’s stock had a trading volume of 77,284 shares, compared to its average volume of 504,466. The company has a quick ratio of 2.05, a current ratio of 2.05 and a debt-to-equity ratio of 5.77. The stock has a market cap of $11,561.24, a PE ratio of 35.26, a P/E/G ratio of 3.36 and a beta of 0.89. MSCI Inc has a 1-year low of $77.75 and a 1-year high of $130.58.
MSCI (NYSE:MSCI) last announced its quarterly earnings results on Thursday, November 2nd. The technology company reported $1.00 EPS for the quarter, topping the Zacks’ consensus estimate of $0.97 by $0.03. The business had revenue of $322.10 million for the quarter, compared to analysts’ expectations of $322.96 million. MSCI had a return on equity of 106.15% and a net margin of 24.97%. The business’s quarterly revenue was up 11.7% on a year-over-year basis. During the same period in the previous year, the firm earned $0.77 EPS. sell-side analysts forecast that MSCI Inc will post 3.82 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Thursday, November 30th. Shareholders of record on Friday, November 17th were paid a $0.38 dividend. The ex-dividend date of this dividend was Thursday, November 16th. This represents a $1.52 dividend on an annualized basis and a yield of 1.19%. MSCI’s dividend payout ratio (DPR) is currently 45.37%.
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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