Amundi Pioneer Asset Management Inc. grew its position in shares of Msci Inc (NYSE:MSCI) by 5.6% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 335,403 shares of the technology company’s stock after purchasing an additional 17,836 shares during the quarter. Amundi Pioneer Asset Management Inc. owned approximately 0.38% of Msci worth $49,450,000 as of its most recent filing with the SEC.
Several other hedge funds have also recently modified their holdings of the business. BlackRock Inc. boosted its stake in shares of Msci by 0.5% during the fourth quarter. BlackRock Inc. now owns 6,413,485 shares of the technology company’s stock worth $945,540,000 after buying an additional 34,795 shares during the period. Massachusetts Financial Services Co. MA boosted its stake in shares of Msci by 7.2% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 1,549,751 shares of the technology company’s stock worth $228,480,000 after buying an additional 103,911 shares during the period. Franklin Resources Inc. boosted its stake in shares of Msci by 43.3% during the third quarter. Franklin Resources Inc. now owns 1,265,588 shares of the technology company’s stock worth $224,540,000 after buying an additional 382,115 shares during the period. DSM Capital Partners LLC boosted its stake in shares of Msci by 24.6% during the fourth quarter. DSM Capital Partners LLC now owns 1,252,070 shares of the technology company’s stock worth $184,593,000 after buying an additional 247,304 shares during the period. Finally, Geode Capital Management LLC boosted its stake in shares of Msci by 2.7% during the fourth quarter. Geode Capital Management LLC now owns 1,158,543 shares of the technology company’s stock worth $170,508,000 after buying an additional 30,881 shares during the period. 92.23% of the stock is currently owned by institutional investors.
In related news, insider Scott A. Crum sold 19,000 shares of the firm’s stock in a transaction dated Friday, February 15th. The shares were 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 in the company, valued at $16,988,404.86. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. 3.10% of the stock is owned by company insiders.
Shares of NYSE:MSCI opened at $191.86 on Friday. The company has a debt-to-equity ratio of 6.80, a current ratio of 1.77 and a quick ratio of 1.77. The stock has a market capitalization of $16.25 billion, a P/E ratio of 35.86, a PEG ratio of 3.19 and a beta of 1.15. Msci Inc has a 52 week low of $134.28 and a 52 week high of $195.99.
Msci (NYSE:MSCI) last announced its quarterly earnings data on Thursday, January 31st. The technology company reported $1.31 EPS for the quarter, beating the Zacks’ consensus estimate of $1.30 by $0.01. The firm had revenue of $361.69 million during the quarter, compared to the consensus estimate of $360.95 million. Msci had a net margin of 35.42% and a return on equity of 196.12%. On average, sell-side analysts anticipate that Msci Inc will post 6.01 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Friday, February 22nd were given a $0.58 dividend. The ex-dividend date was Thursday, February 21st. This represents a $2.32 dividend on an annualized basis and a yield of 1.21%. Msci’s payout ratio is currently 43.36%.
Several equities research analysts have recently weighed in on the stock. Zacks Investment Research upgraded shares of Msci from a “hold” rating to a “buy” rating and set a $193.00 target price for the company in a research note on Tuesday, February 5th. UBS Group reiterated a “buy” rating and set a $196.00 target price (up previously from $159.00) on shares of Msci in a research note on Friday, February 1st. Buckingham Research assumed coverage on shares of Msci in a research note on Friday, January 25th. They set a “neutral” rating and a $171.00 target price for the company. Morgan Stanley decreased their target price on shares of Msci from $172.00 to $159.00 and set an “equal weight” rating for the company in a research note on Tuesday, January 8th. Finally, Barclays decreased their target price on shares of Msci from $175.00 to $165.00 and set an “overweight” rating for the company in a research note on Monday, January 7th. Four analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Msci currently has a consensus rating of “Buy” and an average target price of $186.56.
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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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