Daiwa Securities Group Inc. lessened its position in Msci Inc (NYSE:MSCI) by 7.5% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 15,054 shares of the technology company’s stock after selling 1,220 shares during the period. Daiwa Securities Group Inc.’s holdings in Msci were worth $2,219,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also recently modified their holdings of the company. FMR LLC lifted its stake in shares of Msci by 12.6% in the second quarter. FMR LLC now owns 8,714,865 shares of the technology company’s stock worth $1,441,701,000 after buying an additional 976,018 shares in the last quarter. Janus Henderson Group PLC raised its holdings in shares of Msci by 2.8% during the third quarter. Janus Henderson Group PLC now owns 2,729,359 shares of the technology company’s stock valued at $484,216,000 after purchasing an additional 73,505 shares during the last quarter. Massachusetts Financial Services Co. MA raised its holdings in shares of Msci by 35.4% during the third quarter. Massachusetts Financial Services Co. MA now owns 1,445,840 shares of the technology company’s stock valued at $256,507,000 after purchasing an additional 377,801 shares during the last quarter. Franklin Resources Inc. raised its holdings in shares of Msci by 43.3% during the third quarter. Franklin Resources Inc. now owns 1,265,588 shares of the technology company’s stock valued at $224,540,000 after purchasing an additional 382,115 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its holdings in shares of Msci by 34.2% during the third quarter. Bank of New York Mellon Corp now owns 926,585 shares of the technology company’s stock valued at $164,385,000 after purchasing an additional 235,998 shares during the last quarter. Hedge funds and other institutional investors own 94.61% of the company’s stock.
Several research analysts have recently weighed in on the stock. Zacks Investment Research raised shares of Msci from a “hold” rating to a “buy” rating and set a $193.00 price objective for the company in a report on Tuesday, February 5th. Cantor Fitzgerald boosted their price objective on shares of Msci to $188.00 and gave the company a “buy” rating in a report on Friday, February 1st. BMO Capital Markets set a $190.00 price objective on shares of Msci and gave the company a “buy” rating in a report on Saturday, February 2nd. UBS Group reissued a “buy” rating and set a $196.00 price objective (up from $159.00) on shares of Msci in a report on Friday, February 1st. Finally, Buckingham Research assumed coverage on shares of Msci in a report on Friday, January 25th. They set a “neutral” rating and a $171.00 price objective for the company. Four investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $181.50.
Msci (NYSE:MSCI) last released its quarterly earnings data on Thursday, January 31st. The technology company reported $1.31 earnings per share for the quarter, beating the consensus estimate of $1.30 by $0.01. Msci had a net margin of 35.42% and a return on equity of 125.73%. The firm had revenue of $361.69 million during the quarter, compared to analysts’ expectations of $360.95 million. As a group, research analysts predict that Msci Inc will post 5.98 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, March 15th. Shareholders of record on Friday, February 22nd will be issued a dividend of $0.58 per share. The ex-dividend date is Thursday, February 21st. This represents a $2.32 dividend on an annualized basis and a yield of 1.33%. Msci’s dividend payout ratio is currently 43.36%.
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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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