Marshall Wace North America L.P. Buys 68,174 Shares of Msci Inc (MSCI)

Marshall Wace North America L.P. boosted its stake in shares of Msci Inc (NYSE:MSCI) by 16.8% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 473,708 shares of the technology company’s stock after buying an additional 68,174 shares during the quarter. Marshall Wace North America L.P.’s holdings in Msci were worth $84,041,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in MSCI. FMR LLC increased its stake in Msci by 12.6% in the second quarter. FMR LLC now owns 8,714,865 shares of the technology company’s stock worth $1,441,701,000 after purchasing an additional 976,018 shares during the period. American Century Companies Inc. increased its stake in Msci by 67.8% in the second quarter. American Century Companies Inc. now owns 1,737,968 shares of the technology company’s stock worth $287,512,000 after purchasing an additional 702,241 shares during the period. Franklin Resources Inc. increased its stake in Msci by 43.3% in the third quarter. Franklin Resources Inc. now owns 1,265,588 shares of the technology company’s stock worth $224,540,000 after purchasing an additional 382,115 shares during the period. Massachusetts Financial Services Co. MA increased its stake in Msci by 35.4% in the third quarter. Massachusetts Financial Services Co. MA now owns 1,445,840 shares of the technology company’s stock worth $256,507,000 after purchasing an additional 377,801 shares during the period. Finally, Eagle Asset Management Inc. purchased a new stake in Msci in the third quarter worth $62,111,000. Institutional investors and hedge funds own 92.42% of the company’s stock.

A number of analysts have weighed in on MSCI shares. Barclays reiterated a “hold” rating and issued a $175.00 target price on shares of Msci in a research note on Sunday, August 12th. Morgan Stanley set a $185.00 target price on Msci and gave the stock a “hold” rating in a research note on Thursday, September 13th. BMO Capital Markets reduced their target price on Msci from $180.00 to $178.00 and set a “buy” rating on the stock in a research note on Monday, November 5th. Finally, Zacks Investment Research reiterated a “hold” rating on shares of Msci in a research note on Wednesday, November 14th. Four analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $175.29.

MSCI stock traded down $2.00 during midday trading on Thursday, reaching $152.32. The company’s stock had a trading volume of 779,970 shares, compared to its average volume of 759,512. 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 Inc has a 1 year low of $124.08 and a 1 year high of $184.22. The firm has a market cap of $13.59 billion, a price-to-earnings ratio of 38.27, a PEG ratio of 2.93 and a beta of 1.07.

Msci (NYSE:MSCI) last released its earnings results on Thursday, November 1st. The technology company reported $1.35 earnings per share for the quarter, topping analysts’ consensus estimates of $1.29 by $0.06. The business had revenue of $357.90 million for the quarter, compared to analyst estimates of $359.91 million. Msci had a return on equity of 121.45% and a net margin of 29.87%. The business’s revenue was up 11.1% compared to the same quarter last year. During the same quarter last year, the firm posted $1.00 earnings per share. Research analysts expect that Msci Inc will post 5.28 EPS for the current year.

The company also recently declared a quarterly dividend, which was paid on Friday, November 30th. Stockholders of record on Friday, November 16th were paid a dividend of $0.58 per share. The ex-dividend date of this dividend was Thursday, November 15th. This represents a $2.32 annualized dividend and a dividend yield of 1.52%. Msci’s dividend payout ratio is currently 58.29%.

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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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