Short Interest in Msci Inc (NYSE:MSCI) Decreases By 7.3%
Msci Inc (NYSE:MSCI) was the target of a large drop in short interest in the month of July. As of July 31st, there was short interest totalling 1,111,600 shares, a drop of 7.3% from the June 30th total of 1,199,600 shares. Based on an average trading volume of 537,700 shares, the short-interest ratio is presently 2.1 days. Approximately 1.4% of the company’s shares are short sold.
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Next Capital Management LLC bought a new stake in shares of Msci in the 2nd quarter worth about $25,000. Capital Investment Advisory Services LLC bought a new stake in shares of Msci in the 2nd quarter worth about $33,000. CSat Investment Advisory L.P. increased its position in shares of Msci by 113.6% in the 2nd quarter. CSat Investment Advisory L.P. now owns 220 shares of the technology company’s stock worth $53,000 after purchasing an additional 117 shares during the last quarter. Commonwealth Bank of Australia increased its position in shares of Msci by 32.0% in the 2nd quarter. Commonwealth Bank of Australia now owns 231 shares of the technology company’s stock worth $53,000 after purchasing an additional 56 shares during the last quarter. Finally, Ossiam bought a new stake in shares of Msci in the 2nd quarter worth about $59,000. 92.13% of the stock is owned by institutional investors.
A number of brokerages have recently commented on MSCI. Morgan Stanley raised their target price on shares of Msci from $223.00 to $240.00 and gave the company an “equal weight” rating in a research note on Friday, July 19th. TheStreet downgraded shares of Msci from a “b” rating to a “c+” rating in a research note on Tuesday, August 6th. UBS Group downgraded shares of Msci from a “buy” rating to a “neutral” rating and raised their target price for the company from $234.00 to $258.00 in a research note on Monday, July 8th. Barclays reaffirmed a “buy” rating and set a $240.00 price target on shares of Msci in a research note on Sunday, May 5th. Finally, Cantor Fitzgerald lifted their price target on shares of Msci from $188.00 to $247.00 in a research note on Friday, May 3rd. Four investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Msci currently has a consensus rating of “Buy” and an average target price of $217.63.
Msci (NYSE:MSCI) last released its quarterly earnings results on Thursday, August 1st. The technology company reported $1.54 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.51 by $0.03. Msci had a net margin of 39.27% and a negative return on equity of 599.92%. The firm had revenue of $385.56 million for the quarter, compared to the consensus estimate of $382.81 million. During the same quarter in the previous year, the firm posted $1.30 EPS. The firm’s quarterly revenue was up 6.2% on a year-over-year basis. On average, equities research analysts anticipate that Msci will post 6.31 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, August 30th. Stockholders of record on Friday, August 16th will be given a $0.68 dividend. The ex-dividend date is Thursday, August 15th. This represents a $2.72 annualized dividend and a dividend yield of 1.22%. This is an increase from Msci’s previous quarterly dividend of $0.58. Msci’s payout ratio is presently 43.36%.
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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