Msci Inc (MSCI) Holdings Cut by State Board of Administration of Florida Retirement System

State Board of Administration of Florida Retirement System trimmed its holdings in shares of Msci Inc (NYSE:MSCI) by 1.4% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 134,992 shares of the technology company’s stock after selling 1,907 shares during the period. State Board of Administration of Florida Retirement System’s holdings in Msci were worth $23,949,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also made changes to their positions in the company. Private Advisor Group LLC acquired a new position in Msci in the 2nd quarter valued at about $461,000. Colony Group LLC increased its position in Msci by 5.5% in the 2nd quarter. Colony Group LLC now owns 10,331 shares of the technology company’s stock valued at $1,709,000 after acquiring an additional 541 shares during the period. Cambridge Investment Research Advisors Inc. increased its position in Msci by 184.0% in the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 4,309 shares of the technology company’s stock valued at $713,000 after acquiring an additional 2,792 shares during the period. Hartford Investment Management Co. increased its position in Msci by 867.1% in the 2nd quarter. Hartford Investment Management Co. now owns 14,265 shares of the technology company’s stock valued at $2,360,000 after acquiring an additional 12,790 shares during the period. Finally, Sentry Investment Management LLC increased its position in Msci by 8.5% in the 2nd quarter. Sentry Investment Management LLC now owns 5,890 shares of the technology company’s stock valued at $974,000 after acquiring an additional 461 shares during the period. 92.03% of the stock is owned by institutional investors.

NYSE MSCI opened at $151.85 on Thursday. The company has a debt-to-equity ratio of 6.80, a quick ratio of 2.65 and a current ratio of 2.75. Msci Inc has a 12-month low of $123.80 and a 12-month high of $184.22. The company has a market cap of $13.01 billion, a price-to-earnings ratio of 38.15, a price-to-earnings-growth ratio of 2.81 and a beta of 1.09.

Msci (NYSE:MSCI) last released its earnings results on Thursday, November 1st. The technology company reported $1.35 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.29 by $0.06. Msci had a return on equity of 121.45% and a net margin of 29.87%. The company had revenue of $357.90 million for the quarter, compared to analysts’ expectations of $359.91 million. During the same quarter in the previous year, the firm posted $1.00 EPS. The firm’s quarterly revenue was up 11.1% on a year-over-year basis. As a group, equities research analysts forecast that Msci Inc will post 5.27 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 30th. Shareholders of record on Friday, November 16th will be given a dividend of $0.58 per share. This represents a $2.32 annualized dividend and a yield of 1.53%. The ex-dividend date of this dividend is Thursday, November 15th. Msci’s payout ratio is 58.29%.

MSCI has been the topic of several recent research reports. Morgan Stanley boosted their price target on Msci from $160.00 to $168.00 and gave the company a “$171.53” rating in a research report on Wednesday, July 18th. BMO Capital Markets dropped their price target on Msci from $180.00 to $178.00 and set a “buy” rating on the stock in a research report on Monday. Barclays dropped their price target on Msci from $175.00 to $165.00 and set an “equal weight” rating on the stock in a research report on Friday, November 2nd. Zacks Investment Research upgraded Msci from a “sell” rating to a “hold” rating in a research report on Tuesday, August 7th. Finally, Cantor Fitzgerald boosted their price target on Msci to $192.00 and gave the company an “overweight” rating in a research report on Friday, August 3rd. Four investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Msci has a consensus rating of “Buy” and a consensus target price of $175.29.

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About Msci

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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