Park Avenue Securities LLC acquired a new position in Msci Inc (NYSE:MSCI) during the 3rd quarter, HoldingsChannel.com reports. The institutional investor acquired 1,117 shares of the technology company’s stock, valued at approximately $201,000.
Other institutional investors also recently made changes to their positions in the company. Flagship Harbor Advisors LLC acquired a new stake in Msci during the second quarter worth $114,000. Harvest Fund Management Co. Ltd boosted its stake in Msci by 113.9% during the third quarter. Harvest Fund Management Co. Ltd now owns 800 shares of the technology company’s stock worth $142,000 after buying an additional 426 shares in the last quarter. Smithfield Trust Co. boosted its stake in Msci by 2,573.3% during the second quarter. Smithfield Trust Co. now owns 802 shares of the technology company’s stock worth $133,000 after buying an additional 772 shares in the last quarter. Cerebellum GP LLC acquired a new stake in Msci during the third quarter worth $147,000. Finally, Rampart Investment Management Company LLC acquired a new stake in Msci during the second quarter worth $152,000. Institutional investors and hedge funds own 92.03% of the company’s stock.
A number of equities research analysts have weighed in on MSCI shares. Morgan Stanley set a $185.00 price target on shares of Msci and gave the stock a “hold” rating in a research note on Thursday, September 13th. Barclays decreased their price target on shares of Msci from $175.00 to $165.00 and set an “equal weight” rating on the stock in a research note on Friday, November 2nd. BMO Capital Markets decreased their price target on shares of Msci from $180.00 to $178.00 and set a “buy” rating on the stock in a research note on Monday, November 5th. Zacks Investment Research upgraded shares of Msci from a “sell” rating to a “hold” rating in a research note on Tuesday, August 7th. Finally, Cantor Fitzgerald lifted their price target on shares of Msci to $192.00 and gave the stock an “overweight” rating in a research note on Friday, August 3rd. Four analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Msci has an average rating of “Buy” and a consensus target price of $175.29.
Msci (NYSE:MSCI) last posted its quarterly earnings results on Thursday, November 1st. The technology company reported $1.35 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.29 by $0.06. The firm had revenue of $357.90 million for the quarter, compared to the consensus estimate of $359.91 million. Msci had a net margin of 29.87% and a return on equity of 121.45%. The business’s revenue was up 11.1% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.00 earnings per share. On average, sell-side analysts anticipate that Msci Inc will post 5.27 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 30th. Shareholders of record on Friday, November 16th will be issued a dividend of $0.58 per share. The ex-dividend date of this dividend is Thursday, November 15th. This represents a $2.32 dividend on an annualized basis and a dividend yield of 1.55%. Msci’s payout ratio is presently 58.29%.
TRADEMARK VIOLATION WARNING: This piece was published by WKRB News and is the sole property of of WKRB News. If you are reading this piece on another publication, it was illegally copied and republished in violation of United States and international trademark & copyright laws. The legal version of this piece can be accessed at https://www.wkrb13.com/2018/11/10/1117-shares-in-msci-inc-msci-acquired-by-park-avenue-securities-llc.html.
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.
Further Reading: What is a bull market?
Want to see what other hedge funds are holding MSCI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Msci Inc (NYSE:MSCI).
Receive News & Ratings for Msci Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Msci and related companies with MarketBeat.com's FREE daily email newsletter.