Atlantic Trust Group LLC Buys 2,975 Shares of MSCI Inc (MSCI)
Atlantic Trust Group LLC grew its stake in shares of MSCI Inc (NYSE:MSCI) by 4.9% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 63,602 shares of the technology company’s stock after acquiring an additional 2,975 shares during the period. Atlantic Trust Group LLC owned 0.07% of MSCI worth $6,551,000 at the end of the most recent reporting period.
Several other large investors also recently bought and sold shares of the business. Meiji Yasuda Life Insurance Co lifted its position in shares of MSCI by 8.1% during the second quarter. Meiji Yasuda Life Insurance Co now owns 4,020 shares of the technology company’s stock worth $414,000 after acquiring an additional 300 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC lifted its position in shares of MSCI by 3.6% during the second quarter. Kayne Anderson Rudnick Investment Management LLC now owns 417,311 shares of the technology company’s stock worth $42,980,000 after acquiring an additional 14,327 shares in the last quarter. JPMorgan Chase & Co. lifted its position in shares of MSCI by 12.7% during the second quarter. JPMorgan Chase & Co. now owns 1,147,347 shares of the technology company’s stock worth $118,165,000 after acquiring an additional 129,131 shares in the last quarter. Artemis Investment Management LLP lifted its position in shares of MSCI by 56.5% during the second quarter. Artemis Investment Management LLP now owns 172,397 shares of the technology company’s stock worth $17,752,000 after acquiring an additional 62,231 shares in the last quarter. Finally, Delta Lloyd Asset Management N.V. purchased a new stake in shares of MSCI during the second quarter worth $1,381,000. Hedge funds and other institutional investors own 94.46% of the company’s stock.
In related news, COO Cd Baer Pettit sold 2,083 shares of the company’s stock in a transaction dated Monday, July 3rd. The shares were sold at an average price of $103.44, for a total transaction of $215,465.52. Following the transaction, the chief operating officer now directly owns 180,349 shares in the company, valued at approximately $18,655,300.56. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders have sold a total of 6,249 shares of company stock worth $686,890 over the last quarter. 2.26% of the stock is currently owned by insiders.
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Shares of MSCI Inc (NYSE:MSCI) opened at 112.09 on Thursday. The stock has a market cap of $10.09 billion, a P/E ratio of 36.30 and a beta of 1.03. MSCI Inc has a 12 month low of $76.52 and a 12 month high of $115.77. The company has a 50 day moving average price of $110.85 and a 200-day moving average price of $102.58.
MSCI (NYSE:MSCI) last issued its quarterly earnings results on Thursday, August 3rd. The technology company reported $0.95 EPS for the quarter, beating the consensus estimate of $0.90 by $0.05. The company had revenue of $316.08 million for the quarter, compared to the consensus estimate of $314.03 million. MSCI had a net margin of 24.01% and a return on equity of 87.11%. The firm’s revenue was up 8.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.77 EPS. On average, equities research analysts predict that MSCI Inc will post $3.80 earnings per share for the current year.
The company also recently declared a quarterly dividend, which was paid on Thursday, August 31st. Investors of record on Friday, August 18th were issued a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a yield of 1.36%. This is an increase from MSCI’s previous quarterly dividend of $0.28. The ex-dividend date was Wednesday, August 16th. MSCI’s dividend payout ratio is presently 49.03%.
Several research firms have issued reports on MSCI. BidaskClub upgraded MSCI from a “buy” rating to a “strong-buy” rating in a research report on Thursday, July 13th. Credit Suisse Group dropped their target price on MSCI from $105.00 to $94.00 and set an “outperform” rating on the stock in a research report on Monday, May 15th. Morgan Stanley restated an “equal weight” rating and set a $97.00 target price (down previously from $98.00) on shares of MSCI in a research report on Tuesday, July 18th. Barclays PLC began coverage on MSCI in a research report on Tuesday, July 18th. They issued an “equal weight” rating and a $110.00 price objective on the stock. Finally, UBS AG increased their price objective on MSCI from $115.00 to $125.00 and gave the stock a “buy” rating in a research report on Friday, August 4th. One analyst has rated the stock with a sell rating, two have given a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $106.29.
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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