Standard Life Aberdeen plc lessened its holdings in shares of Msci Inc (NYSE:MSCI) by 10.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 22,802 shares of the technology company’s stock after selling 2,585 shares during the quarter. Standard Life Aberdeen plc’s holdings in Msci were worth $3,312,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also modified their holdings of MSCI. BlackRock Inc. increased its stake in Msci by 0.5% in the 4th quarter. BlackRock Inc. now owns 6,413,485 shares of the technology company’s stock worth $945,540,000 after acquiring an additional 34,795 shares during the last quarter. Janus Henderson Group PLC increased its stake in Msci by 2.8% in the 3rd quarter. Janus Henderson Group PLC now owns 2,729,359 shares of the technology company’s stock worth $484,216,000 after acquiring an additional 73,505 shares during the last quarter. Massachusetts Financial Services Co. MA increased its stake in Msci by 7.2% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 1,549,751 shares of the technology company’s stock worth $228,480,000 after acquiring an additional 103,911 shares during the last quarter. Franklin Resources Inc. increased its stake in Msci by 43.3% in the 3rd quarter. Franklin Resources Inc. now owns 1,265,588 shares of the technology company’s stock worth $224,540,000 after acquiring an additional 382,115 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its stake in Msci by 34.2% in the 3rd quarter. Bank of New York Mellon Corp now owns 926,585 shares of the technology company’s stock worth $164,385,000 after acquiring an additional 235,998 shares during the last quarter. 89.06% of the stock is currently owned by institutional investors.
Several research firms have recently weighed in on MSCI. Zacks Investment Research raised Msci from a “hold” rating to a “buy” rating and set a $207.00 target price on the stock in a research report on Wednesday. BMO Capital Markets set a $190.00 target price on Msci and gave the company a “buy” rating in a research report on Saturday, February 2nd. UBS Group reissued a “buy” rating and set a $196.00 target price (up previously from $159.00) on shares of Msci in a research report on Friday, February 1st. Barclays raised Msci from an “equal weight” rating to an “overweight” rating and boosted their target price for the company from $165.00 to $175.00 in a research report on Friday, December 7th. Finally, Morgan Stanley cut their target price on Msci from $172.00 to $159.00 and set an “equal weight” rating on the stock in a research report on Tuesday, January 8th. Four investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $186.56.
Msci (NYSE:MSCI) last released its quarterly earnings results on Thursday, January 31st. The technology company reported $1.31 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.30 by $0.01. The firm had revenue of $361.69 million during the quarter, compared to analyst estimates of $360.95 million. Msci had a return on equity of 196.12% and a net margin of 35.42%. Research analysts expect that Msci Inc will post 6.01 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, March 15th. Stockholders of record on Friday, February 22nd will be given a $0.58 dividend. This represents a $2.32 annualized dividend and a dividend yield of 1.24%. The ex-dividend date of this dividend is Thursday, February 21st. Msci’s payout ratio is 43.36%.
In other news, insider Scott A. Crum sold 19,000 shares of the business’s stock in a transaction on Friday, February 15th. The stock was sold at an average price of $175.14, for a total value of $3,327,660.00. Following the completion of the transaction, the insider now directly owns 96,999 shares of the company’s stock, valued at approximately $16,988,404.86. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders own 2.36% of the company’s stock.
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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