Renaissance Technologies LLC raised its stake in shares of Msci Inc (NYSE:MSCI) by 22.2% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 677,121 shares of the technology company’s stock after buying an additional 123,021 shares during the period. Renaissance Technologies LLC owned 0.77% of Msci worth $120,128,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently bought and sold shares of MSCI. Flagship Harbor Advisors LLC bought a new position in Msci during the second quarter valued at about $114,000. Advisors Asset Management Inc. increased its stake in shares of Msci by 8,437.5% in the second quarter. Advisors Asset Management Inc. now owns 70,776 shares of the technology company’s stock worth $135,000 after purchasing an additional 69,947 shares during the period. Harvest Fund Management Co. Ltd increased its stake in shares of Msci by 113.9% in the third quarter. Harvest Fund Management Co. Ltd now owns 800 shares of the technology company’s stock worth $142,000 after purchasing an additional 426 shares during the period. Cerebellum GP LLC bought a new position in shares of Msci in the third quarter worth about $147,000. Finally, Rampart Investment Management Company LLC bought a new position in shares of Msci in the second quarter worth about $152,000. Institutional investors own 92.42% of the company’s stock.
Msci stock opened at $149.75 on Friday. The company has a debt-to-equity ratio of 6.80, a quick ratio of 2.75 and a current ratio of 2.75. The stock has a market capitalization of $13.41 billion, a PE ratio of 37.63, a price-to-earnings-growth ratio of 2.89 and a beta of 1.07. Msci Inc has a 52 week low of $124.08 and a 52 week high of $184.22.
Msci (NYSE:MSCI) last issued its quarterly earnings results on Thursday, November 1st. The technology company reported $1.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.29 by $0.06. Msci had a return on equity of 121.45% and a net margin of 29.87%. The firm had revenue of $357.90 million for the quarter, compared to analyst estimates of $359.91 million. During the same period in the previous year, the company posted $1.00 earnings per share. The company’s quarterly revenue was up 11.1% compared to the same quarter last year. Analysts anticipate that Msci Inc will post 5.27 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Friday, November 30th. Investors 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 yield of 1.55%. Msci’s dividend payout ratio is 58.29%.
A number of equities analysts have recently commented on the company. Zacks Investment Research reiterated a “hold” rating on shares of Msci in a research note on Wednesday, November 14th. Barclays upgraded Msci from an “equal weight” rating to an “overweight” rating and lifted their price objective for the stock from $165.00 to $175.00 in a research note on Friday. BMO Capital Markets dropped their price objective 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, Morgan Stanley set a $185.00 price objective on Msci and gave the stock a “hold” rating in a research note on Thursday, September 13th. Three equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The company has an average rating of “Buy” and an average price target of $176.71.
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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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