Conning Inc. cut its stake in shares of MSCI Inc (NYSE:MSCI – Free Report) by 4.8% in the second quarter, according to its most recent disclosure with the SEC. The firm owned 437 shares of the technology company’s stock after selling 22 shares during the period. Conning Inc.’s holdings in MSCI were worth $252,000 at the end of the most recent quarter.
Several other hedge funds have also recently modified their holdings of the stock. Harbor Capital Advisors Inc. raised its stake in MSCI by 39.2% in the 1st quarter. Harbor Capital Advisors Inc. now owns 1,762 shares of the technology company’s stock valued at $996,000 after purchasing an additional 496 shares during the last quarter. GAMMA Investing LLC raised its holdings in MSCI by 8.4% in the 1st quarter. GAMMA Investing LLC now owns 894 shares of the technology company’s stock valued at $506,000 after acquiring an additional 69 shares during the last quarter. Integrated Advisors Network LLC raised its holdings in MSCI by 13.6% in the 1st quarter. Integrated Advisors Network LLC now owns 868 shares of the technology company’s stock valued at $491,000 after acquiring an additional 104 shares during the last quarter. CX Institutional raised its holdings in MSCI by 13.2% in the 1st quarter. CX Institutional now owns 447 shares of the technology company’s stock valued at $253,000 after acquiring an additional 52 shares during the last quarter. Finally, NorthCrest Asset Manangement LLC acquired a new stake in MSCI in the 1st quarter valued at about $678,000. Institutional investors and hedge funds own 89.97% of the company’s stock.
Insider Buying and Selling
In related news, CEO Henry A. Fernandez acquired 9,916 shares of the stock in a transaction dated Thursday, July 24th. The stock was acquired at an average cost of $544.70 per share, with a total value of $5,401,245.20. Following the completion of the transaction, the chief executive officer owned 1,279,867 shares in the company, valued at $697,143,554.90. This represents a 0.78% increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Over the last ninety days, insiders acquired 12,400 shares of company stock worth $6,731,599. Insiders own 3.31% of the company’s stock.
Wall Street Analysts Forecast Growth
View Our Latest Stock Report on MSCI
MSCI Trading Down 2.1%
Shares of NYSE MSCI opened at $546.69 on Friday. The stock has a market capitalization of $42.29 billion, a PE ratio of 36.20, a PEG ratio of 2.67 and a beta of 1.33. The stock has a fifty day simple moving average of $564.01 and a 200-day simple moving average of $559.22. MSCI Inc has a twelve month low of $486.73 and a twelve month high of $642.45.
MSCI (NYSE:MSCI – Get Free Report) last announced its quarterly earnings data on Tuesday, July 22nd. The technology company reported $4.17 earnings per share for the quarter, beating analysts’ consensus estimates of $4.12 by $0.05. The firm had revenue of $772.68 million during the quarter, compared to analysts’ expectations of $763.06 million. MSCI had a net margin of 39.46% and a negative return on equity of 143.13%. The business’s quarterly revenue was up 9.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $3.64 earnings per share. On average, equities analysts predict that MSCI Inc will post 16.86 earnings per share for the current year.
MSCI Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Friday, August 29th. Investors of record on Friday, August 15th were paid a dividend of $1.80 per share. This represents a $7.20 annualized dividend and a yield of 1.3%. The ex-dividend date of this dividend was Friday, August 15th. MSCI’s payout ratio is presently 47.68%.
MSCI Company Profile
MSCI Inc, together with its subsidiaries, provides critical decision support tools and solutions for the investment community to manage investment processes worldwide. The Index segment provides indexes for use in various areas of the investment process, including indexed financial product, such as ETFs, mutual funds, annuities, futures, options, structured products, and over-the-counter derivatives; performance benchmarking; portfolio construction and rebalancing; and asset allocation, as well as licenses GICS and GICS Direct.
Recommended Stories
- Five stocks we like better than MSCI
- How to Calculate Options Profits
- Bassett Furniture: Buy Now, Sit Back, and Collect Dividends
- How to Invest in the Best Canadian StocksĀ
- AST SpaceMobile’s Big Win: Shares Soar on New Deal With Verizon
- Most active stocks: Dollar volume vs share volume
- Catch the Next Bitcoin Rally With These 3 ETFs
Receive News & Ratings for MSCI Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for MSCI and related companies with MarketBeat.com's FREE daily email newsletter.