Canada Pension Plan Investment Board Increases Stock Position in MSCI Inc. (NYSE:MSCI)

Canada Pension Plan Investment Board boosted its holdings in MSCI Inc. (NYSE:MSCIFree Report) by 49.2% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 49,867 shares of the technology company’s stock after acquiring an additional 16,440 shares during the quarter. Canada Pension Plan Investment Board owned 0.06% of MSCI worth $25,586,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the business. Oppenheimer Asset Management Inc. lifted its position in MSCI by 0.8% during the second quarter. Oppenheimer Asset Management Inc. now owns 2,512 shares of the technology company’s stock valued at $1,179,000 after purchasing an additional 19 shares during the period. KB Financial Partners LLC lifted its holdings in shares of MSCI by 8.1% during the 2nd quarter. KB Financial Partners LLC now owns 253 shares of the technology company’s stock valued at $119,000 after buying an additional 19 shares during the period. Penserra Capital Management LLC boosted its stake in shares of MSCI by 5.4% in the 4th quarter. Penserra Capital Management LLC now owns 412 shares of the technology company’s stock worth $190,000 after buying an additional 21 shares during the last quarter. Angeles Wealth Management LLC grew its holdings in shares of MSCI by 2.1% in the fourth quarter. Angeles Wealth Management LLC now owns 1,027 shares of the technology company’s stock worth $478,000 after acquiring an additional 21 shares during the period. Finally, First Manhattan Co. increased its position in MSCI by 0.7% during the fourth quarter. First Manhattan Co. now owns 3,021 shares of the technology company’s stock valued at $1,405,000 after acquiring an additional 21 shares during the last quarter. 88.61% of the stock is currently owned by hedge funds and other institutional investors.

MSCI Stock Performance

MSCI stock opened at $592.42 on Friday. The company’s fifty day moving average price is $553.87 and its 200-day moving average price is $533.01. MSCI Inc. has a one year low of $451.55 and a one year high of $617.39. The company has a market capitalization of $46.85 billion, a PE ratio of 41.14, a price-to-earnings-growth ratio of 2.99 and a beta of 1.10.

MSCI (NYSE:MSCIGet Free Report) last announced its quarterly earnings results on Tuesday, January 30th. The technology company reported $3.68 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.29 by $0.39. The company had revenue of $690.11 million for the quarter, compared to the consensus estimate of $662.64 million. MSCI had a net margin of 45.42% and a negative return on equity of 103.00%. MSCI’s revenue for the quarter was up 19.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.84 EPS. On average, research analysts predict that MSCI Inc. will post 14.75 EPS for the current fiscal year.

MSCI Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, February 29th. Shareholders of record on Friday, February 16th will be given a dividend of $1.60 per share. The ex-dividend date is Thursday, February 15th. This represents a $6.40 annualized dividend and a yield of 1.08%. This is a positive change from MSCI’s previous quarterly dividend of $1.38. MSCI’s dividend payout ratio (DPR) is 38.33%.

Analyst Ratings Changes

MSCI has been the topic of several research reports. Wells Fargo & Company raised their target price on MSCI from $615.00 to $660.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 31st. JPMorgan Chase & Co. cut their target price on shares of MSCI from $610.00 to $600.00 and set an “overweight” rating for the company in a research report on Wednesday, October 18th. The Goldman Sachs Group increased their price target on shares of MSCI from $544.00 to $617.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 31st. Morgan Stanley raised shares of MSCI from an “equal weight” rating to an “overweight” rating and boosted their price objective for the company from $526.00 to $600.00 in a research report on Wednesday, December 13th. Finally, Edward Jones started coverage on MSCI in a report on Friday, December 22nd. They issued a “buy” rating on the stock. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and nine have assigned a buy rating to the company. According to MarketBeat, MSCI presently has an average rating of “Hold” and an average target price of $584.21.

Check Out Our Latest Stock Analysis on MSCI

MSCI Company Profile

(Free Report)

MSCI Inc, together with its subsidiaries, provides investment decision support tools for the clients to manage their investment processes worldwide. It operates through four segments: Index, Analytics, ESG and Climate, and All Other Private Assets. The Index segment provides indexes for use in various areas of the investment process, including indexed product creation, such as ETFs, mutual funds, annuities, futures, options, structured products, over-the-counter derivatives; performance benchmarking; portfolio construction and rebalancing; and asset allocation, as well as licenses GICS and GICS Direct.

See Also

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Institutional Ownership by Quarter for MSCI (NYSE:MSCI)

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