Worldquant Millennium Quantitative Strategies LLC Takes $5.11 Million Position in Msci Inc (MSCI)

Worldquant Millennium Quantitative Strategies LLC acquired a new stake in shares of Msci Inc (NYSE:MSCI) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 30,865 shares of the technology company’s stock, valued at approximately $5,106,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Flagship Harbor Advisors LLC bought a new stake in Msci during the second quarter valued at approximately $114,000. Smithfield Trust Co. grew its position in Msci by 2,573.3% during the second quarter. Smithfield Trust Co. now owns 802 shares of the technology company’s stock valued at $133,000 after buying an additional 772 shares during the period. Rampart Investment Management Company LLC bought a new stake in Msci during the second quarter valued at approximately $152,000. Point72 Hong Kong Ltd bought a new stake in Msci during the second quarter valued at approximately $207,000. Finally, Chicago Equity Partners LLC bought a new stake in Msci during the first quarter valued at approximately $208,000. 91.21% of the stock is owned by hedge funds and other institutional investors.

MSCI opened at $182.18 on Friday. The company has a market capitalization of $15.68 billion, a price-to-earnings ratio of 45.77, a PEG ratio of 3.37 and a beta of 0.89. Msci Inc has a 1-year low of $112.11 and a 1-year high of $184.22. The company has a debt-to-equity ratio of 7.43, a current ratio of 2.65 and a quick ratio of 2.65.

Msci (NYSE:MSCI) last posted its quarterly earnings results on Thursday, August 2nd. The technology company reported $1.30 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.28 by $0.02. The business had revenue of $363.05 million during the quarter, compared to analyst estimates of $356.01 million. Msci had a net margin of 27.83% and a return on equity of 114.65%. The company’s revenue was up 14.9% on a year-over-year basis. During the same period in the prior year, the business posted $0.95 earnings per share. equities research analysts anticipate that Msci Inc will post 5.24 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Friday, August 31st. Investors of record on Friday, August 17th were given a dividend of $0.58 per share. This is a positive change from Msci’s previous quarterly dividend of $0.38. The ex-dividend date was Thursday, August 16th. This represents a $2.32 dividend on an annualized basis and a dividend yield of 1.27%. Msci’s dividend payout ratio is currently 58.29%.

A number of equities analysts have weighed in on the stock. Barclays reiterated a “hold” rating and issued a $175.00 price target on shares of Msci in a research report on Sunday, August 12th. Morgan Stanley upped their price target on shares of Msci from $160.00 to $168.00 and gave the stock a “$171.53” rating in a research report on Wednesday, July 18th. Cantor Fitzgerald upped their price target on shares of Msci to $192.00 and gave the stock an “overweight” rating in a research report on Friday, August 3rd. Zacks Investment Research lowered shares of Msci from a “hold” rating to a “sell” rating in a research report on Wednesday, July 4th. Finally, BMO Capital Markets assumed coverage on shares of Msci in a research report on Wednesday, July 25th. They issued an “outperform” rating and a $198.00 price target for the company. Four analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $176.38.

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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Institutional Ownership by Quarter for Msci (NYSE:MSCI)

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