Kayne Anderson Rudnick Investment Management LLC lifted its holdings in shares of MSCI (NYSE:MSCI) by 3.3% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 450,178 shares of the technology company’s stock after buying an additional 14,514 shares during the period. Kayne Anderson Rudnick Investment Management LLC owned approximately 0.51% of MSCI worth $67,288,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also modified their holdings of the company. Cerebellum GP LLC acquired a new stake in MSCI in the fourth quarter worth approximately $125,000. Virtue Capital Management LLC bought a new position in shares of MSCI in the fourth quarter valued at $127,000. Assetmark Inc. increased its holdings in shares of MSCI by 480.1% in the fourth quarter. Assetmark Inc. now owns 1,079 shares of the technology company’s stock valued at $137,000 after buying an additional 893 shares in the last quarter. Atria Investments LLC bought a new position in shares of MSCI in the first quarter valued at $202,000. Finally, Chicago Equity Partners LLC bought a new position in shares of MSCI in the first quarter valued at $208,000. Institutional investors and hedge funds own 92.27% of the company’s stock.
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NYSE MSCI opened at $156.53 on Wednesday. The firm has a market capitalization of $14.06 billion, a price-to-earnings ratio of 39.33, a P/E/G ratio of 2.95 and a beta of 0.84. MSCI has a 1 year low of $98.21 and a 1 year high of $162.29. The company has a current ratio of 2.06, a quick ratio of 2.06 and a debt-to-equity ratio of 4.93.
MSCI (NYSE:MSCI) last announced its earnings results on Thursday, May 3rd. The technology company reported $1.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.26 by $0.05. MSCI had a net margin of 26.14% and a return on equity of 109.18%. The company had revenue of $351.32 million for the quarter, compared to the consensus estimate of $349.01 million. During the same period in the previous year, the business earned $0.88 EPS. The company’s revenue was up 16.6% on a year-over-year basis. analysts anticipate that MSCI will post 5.35 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, May 31st. Shareholders of record on Friday, May 18th will be paid a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a yield of 0.97%. The ex-dividend date is Thursday, May 17th. MSCI’s dividend payout ratio (DPR) is currently 38.19%.
In other MSCI news, insider Richard J. Napolitano sold 3,362 shares of the business’s stock in a transaction on Monday, May 7th. The shares were sold at an average price of $154.75, for a total transaction of $520,269.50. Following the sale, the insider now directly owns 12,612 shares of the company’s stock, valued at approximately $1,951,707. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 2.36% of the stock is owned by insiders.
Several research analysts have issued reports on the company. Zacks Investment Research raised MSCI from a “sell” rating to a “hold” rating in a report on Wednesday, May 9th. Morgan Stanley upped their price target on MSCI from $146.00 to $160.00 and gave the company an “equal weight” rating in a report on Friday, May 4th. ValuEngine raised MSCI from a “hold” rating to a “buy” rating in a report on Wednesday, May 2nd. Cantor Fitzgerald upped their price target on MSCI to $163.00 and gave the company an “overweight” rating in a report on Friday, February 2nd. Finally, Barclays reaffirmed a “hold” rating and issued a $150.00 price target on shares of MSCI in a report on Friday, February 2nd. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $155.67.
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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