New Mexico Educational Retirement Board lessened its holdings in Msci Inc (NYSE:MSCI) by 5.5% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 6,900 shares of the technology company’s stock after selling 400 shares during the quarter. New Mexico Educational Retirement Board’s holdings in Msci were worth $1,648,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also modified their holdings of the business. Dimensional Fund Advisors LP increased its holdings in Msci by 2.3% during the fourth quarter. Dimensional Fund Advisors LP now owns 553,440 shares of the technology company’s stock worth $81,591,000 after buying an additional 12,563 shares during the last quarter. Geode Capital Management LLC increased its holdings in 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 last quarter. Conning Inc. purchased a new stake in Msci during the first quarter worth about $272,000. Mercer Global Advisors Inc. ADV purchased a new stake in Msci during the first quarter worth about $880,000. Finally, Investec Asset Management LTD increased its holdings in Msci by 4.4% during the first quarter. Investec Asset Management LTD now owns 32,722 shares of the technology company’s stock worth $6,506,000 after buying an additional 1,368 shares during the last quarter. 92.07% of the stock is owned by institutional investors and hedge funds.
Msci stock traded down $3.00 during mid-day trading on Friday, hitting $233.00. 791,160 shares of the company traded hands, compared to its average volume of 562,894. Msci Inc has a one year low of $134.28 and a one year high of $247.57. The stock has a market cap of $19.91 billion, a price-to-earnings ratio of 43.55, a price-to-earnings-growth ratio of 3.73 and a beta of 1.12. The stock has a fifty day moving average price of $232.23 and a 200-day moving average price of $215.33.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 30th. Shareholders of record on Friday, August 16th will be given a dividend of $0.68 per share. This is an increase from Msci’s previous quarterly dividend of $0.58. This represents a $2.72 dividend on an annualized basis and a yield of 1.17%. The ex-dividend date of this dividend is Thursday, August 15th. Msci’s payout ratio is presently 50.84%.
A number of research firms recently issued reports on MSCI. Morgan Stanley raised their price objective on shares of Msci from $223.00 to $240.00 and gave the stock an “equal weight” rating in a report on Friday, July 19th. Barclays restated a “buy” rating and set a $240.00 price objective on shares of Msci in a report on Sunday, May 5th. UBS Group downgraded shares of Msci from a “buy” rating to a “neutral” rating and lifted their target price for the stock from $234.00 to $258.00 in a research note on Monday, July 8th. Cantor Fitzgerald lifted their target price on shares of Msci from $188.00 to $247.00 in a research note on Friday, May 3rd. Finally, TheStreet downgraded shares of Msci from a “b” rating to a “c+” rating in a research note on Tuesday, August 6th. Four equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $217.63.
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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