Royal London Asset Management Ltd. Decreases Position in Msci Inc (MSCI)

Royal London Asset Management Ltd. cut its holdings in shares of Msci Inc (NYSE:MSCI) by 2.4% in the third quarter, HoldingsChannel.com reports. The firm owned 35,324 shares of the technology company’s stock after selling 855 shares during the period. Royal London Asset Management Ltd.’s holdings in Msci were worth $6,267,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of MSCI. Nisa Investment Advisors LLC increased its holdings in shares of Msci by 8.0% during the 2nd quarter. Nisa Investment Advisors LLC now owns 19,057 shares of the technology company’s stock worth $3,153,000 after acquiring an additional 1,416 shares during the last quarter. Cornerstone Wealth Management LLC bought a new stake in Msci in the 2nd quarter valued at $328,000. Unigestion Holding SA bought a new stake in Msci in the 2nd quarter valued at $904,000. Janney Montgomery Scott LLC boosted its stake in Msci by 7.2% in the 2nd quarter. Janney Montgomery Scott LLC now owns 20,715 shares of the technology company’s stock valued at $3,427,000 after purchasing an additional 1,387 shares during the period. Finally, BNP Paribas Arbitrage SA boosted its stake in Msci by 73.7% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 113,214 shares of the technology company’s stock valued at $18,729,000 after purchasing an additional 48,036 shares during the period. Institutional investors own 92.58% of the company’s stock.

MSCI has been the subject of several recent research reports. Morgan Stanley set a $172.00 price target on Msci and gave the company a “hold” rating in a research note on Monday, October 15th. Barclays restated a “hold” rating and issued a $175.00 price target on shares of Msci in a research note on Sunday, August 12th. Cantor Fitzgerald boosted their price target on Msci to $192.00 and gave the company an “overweight” rating in a research note on Friday, August 3rd. BMO Capital Markets reduced their price target on Msci from $180.00 to $178.00 and set a “buy” rating for the company in a research note on Monday, November 5th. Finally, Zacks Investment Research upgraded Msci from a “sell” rating to a “hold” rating in a research note on Tuesday, August 7th. Four research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $175.29.

MSCI opened at $146.34 on Friday. The firm has a market capitalization of $12.88 billion, a P/E ratio of 36.77, a PEG ratio of 2.77 and a beta of 1.09. Msci Inc has a 1 year low of $124.08 and a 1 year high of $184.22. The company has a quick ratio of 2.75, a current ratio of 2.75 and a debt-to-equity ratio of 6.80.

Msci (NYSE:MSCI) last released its quarterly earnings results on Thursday, November 1st. The technology company reported $1.35 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.29 by $0.06. The business had revenue of $357.90 million during the quarter, compared to the consensus estimate of $359.91 million. Msci had a return on equity of 121.45% and a net margin of 29.87%. The firm’s quarterly revenue was up 11.1% on a year-over-year basis. During the same period in the previous year, the company posted $1.00 EPS. On average, research analysts expect that Msci Inc will post 5.28 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, November 30th. Stockholders of record on Friday, November 16th will be given a dividend of $0.58 per share. The ex-dividend date is Thursday, November 15th. This represents a $2.32 dividend on an annualized basis and a dividend yield of 1.59%. Msci’s payout ratio is 58.29%.

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Msci 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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