Standard Life Aberdeen plc cut its position in Msci Inc (NYSE:MSCI) by 10.2% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 22,802 shares of the technology company’s stock after selling 2,585 shares during the period. Standard Life Aberdeen plc’s holdings in Msci were worth $3,312,000 at the end of the most recent quarter.
Other hedge funds have also recently made changes to their positions in the company. Mn Services Vermogensbeheer B.V. boosted its position in Msci by 247.0% during the fourth quarter. Mn Services Vermogensbeheer B.V. now owns 48,772 shares of the technology company’s stock worth $6,290,000 after purchasing an additional 34,716 shares in the last quarter. Advisor Group Inc. lifted its position in shares of Msci by 11.0% in the fourth quarter. Advisor Group Inc. now owns 11,830 shares of the technology company’s stock valued at $1,745,000 after acquiring an additional 1,174 shares in the last quarter. Ontario Teachers Pension Plan Board lifted its position in shares of Msci by 35.1% in the fourth quarter. Ontario Teachers Pension Plan Board now owns 6,288 shares of the technology company’s stock valued at $927,000 after acquiring an additional 1,632 shares in the last quarter. AlphaCrest Capital Management LLC purchased a new position in shares of Msci in the fourth quarter valued at approximately $319,000. Finally, Bank of Nova Scotia lifted its position in shares of Msci by 5.0% in the fourth quarter. Bank of Nova Scotia now owns 18,958 shares of the technology company’s stock valued at $2,795,000 after acquiring an additional 899 shares in the last quarter. 89.06% of the stock is currently owned by institutional investors and hedge funds.
In related news, insider Scott A. Crum sold 19,000 shares of the stock in a transaction that occurred 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 sale, the insider now owns 96,999 shares of the company’s stock, valued at $16,988,404.86. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 2.36% of the stock is currently owned by company insiders.
NYSE:MSCI opened at $186.81 on Friday. Msci Inc has a one year low of $134.28 and a one year high of $193.94. The company has a quick ratio of 1.77, a current ratio of 1.77 and a debt-to-equity ratio of 6.80. The company has a market capitalization of $15.66 billion, a P/E ratio of 34.92, a P/E/G ratio of 3.08 and a beta of 1.15.
Msci (NYSE:MSCI) last posted its quarterly earnings results on Thursday, January 31st. The technology company reported $1.31 EPS for the quarter, beating the consensus estimate of $1.30 by $0.01. Msci had a return on equity of 196.12% and a net margin of 35.42%. The firm had revenue of $361.69 million during the quarter, compared to analysts’ expectations of $360.95 million. As a group, equities research analysts anticipate 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. Investors of record on Friday, February 22nd will be issued a $0.58 dividend. The ex-dividend date is Thursday, February 21st. This represents a $2.32 annualized dividend and a dividend yield of 1.24%. Msci’s dividend payout ratio is presently 43.36%.
MSCI has been the topic of several research reports. Zacks Investment Research upgraded Msci from a “hold” rating to a “buy” rating and set a $193.00 target price on the stock in a research report on Tuesday, February 5th. 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 restated a “buy” rating and issued a $196.00 target price (up previously from $159.00) on shares of Msci in a research report on Friday, February 1st. Cantor Fitzgerald raised their target price on Msci to $188.00 and gave the company a “buy” rating in a research report on Friday, February 1st. Finally, Morgan Stanley decreased 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 assigned a buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $186.56.
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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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