Icon Advisers Inc. Co. boosted its holdings in shares of Msci Inc (NYSE:MSCI) by 110.2% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 12,400 shares of the technology company’s stock after purchasing an additional 6,500 shares during the period. Icon Advisers Inc. Co.’s holdings in Msci were worth $2,200,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also made changes to their positions in the company. Flagship Harbor Advisors LLC bought a new position in Msci during the second quarter worth about $114,000. Smithfield Trust Co. lifted its stake in Msci by 2,573.3% during the second quarter. Smithfield Trust Co. now owns 802 shares of the technology company’s stock worth $133,000 after purchasing an additional 772 shares during the period. Advisors Asset Management Inc. lifted its stake in Msci by 8,437.5% during the second quarter. Advisors Asset Management Inc. now owns 70,776 shares of the technology company’s stock worth $135,000 after purchasing an additional 69,947 shares during the period. Harvest Fund Management Co. Ltd lifted its stake in Msci by 113.9% during the third quarter. Harvest Fund Management Co. Ltd now owns 800 shares of the technology company’s stock worth $142,000 after purchasing an additional 426 shares during the period. Finally, Cerebellum GP LLC bought a new position in Msci during the third quarter worth about $147,000. Hedge funds and other institutional investors own 92.03% of the company’s stock.
Shares of Msci stock opened at $151.85 on Thursday. The company has a debt-to-equity ratio of 6.80, a current ratio of 2.75 and a quick ratio of 2.65. The company has a market capitalization of $13.01 billion, a P/E ratio of 28.92, a P/E/G ratio of 2.81 and a beta of 1.09. Msci Inc has a fifty-two week low of $123.80 and a fifty-two week high of $184.22.
The business also recently declared a quarterly dividend, which will be paid on Friday, November 30th. Investors of record on Friday, November 16th will be issued a $0.58 dividend. This represents a $2.32 dividend on an annualized basis and a dividend yield of 1.53%. The ex-dividend date is Thursday, November 15th. Msci’s dividend payout ratio is currently 58.29%.
A number of research analysts have recently issued reports on MSCI shares. Morgan Stanley lifted their target price on shares of Msci from $160.00 to $168.00 and gave the company a “$171.53” rating in a research note on Wednesday, July 18th. BMO Capital Markets cut their target price on shares of Msci from $180.00 to $178.00 and set a “buy” rating for the company in a research note on Monday. Barclays cut their target price on shares of Msci from $175.00 to $165.00 and set an “equal weight” rating for the company in a research note on Friday, November 2nd. Zacks Investment Research upgraded shares of Msci from a “sell” rating to a “hold” rating in a research note on Tuesday, August 7th. Finally, Cantor Fitzgerald lifted their target price on shares of Msci to $192.00 and gave the company an “overweight” rating in a research note on Friday, August 3rd. Four investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Msci presently has a consensus rating of “Buy” and a consensus target price of $175.29.
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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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