Janney Montgomery Scott LLC Cuts Stake in MSCI Inc. (NYSE:MSCI)

Janney Montgomery Scott LLC cut its stake in MSCI Inc. (NYSE:MSCIGet Rating) by 40.4% in the first quarter, Holdings Channel reports. The institutional investor owned 14,022 shares of the technology company’s stock after selling 9,516 shares during the period. Janney Montgomery Scott LLC’s holdings in MSCI were worth $7,051,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of MSCI. Norges Bank purchased a new stake in MSCI in the 4th quarter valued at $437,422,000. Castleview Partners LLC purchased a new position in shares of MSCI in the 4th quarter valued at approximately $672,000. BlackRock Inc. raised its holdings in MSCI by 5.7% during the fourth quarter. BlackRock Inc. now owns 6,730,522 shares of the technology company’s stock worth $4,123,726,000 after purchasing an additional 360,156 shares during the last quarter. Allspring Global Investments Holdings LLC purchased a new position in MSCI in the 4th quarter valued at about $59,112,000. Finally, State Street Corp increased its stake in shares of MSCI by 2.2% during the 4th quarter. State Street Corp now owns 3,662,015 shares of the technology company’s stock valued at $2,243,680,000 after acquiring an additional 77,739 shares during the last quarter. 90.76% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several brokerages recently issued reports on MSCI. StockNews.com started coverage on MSCI in a research note on Thursday, March 31st. They set a “hold” rating on the stock. Barclays decreased their price objective on MSCI from $570.00 to $470.00 and set an “overweight” rating on the stock in a report on Friday, June 24th. Morgan Stanley dropped their price objective on MSCI from $515.00 to $508.00 and set an “equal weight” rating for the company in a report on Wednesday. Raymond James reduced their price target on MSCI from $515.00 to $493.00 in a research report on Friday, July 15th. Finally, Oppenheimer upped their price objective on MSCI to $507.00 and gave the company an “outperform” rating in a research note on Wednesday. Four analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, MSCI currently has an average rating of “Moderate Buy” and a consensus price target of $504.00.

MSCI Stock Performance

MSCI stock opened at $452.97 on Thursday. The stock has a market cap of $36.81 billion, a P/E ratio of 49.67 and a beta of 1.06. MSCI Inc. has a fifty-two week low of $376.41 and a fifty-two week high of $679.85. The firm’s fifty day moving average price is $422.59 and its 200-day moving average price is $467.44.

MSCI (NYSE:MSCIGet Rating) last released its earnings results on Tuesday, July 26th. The technology company reported $2.78 EPS for the quarter, beating analysts’ consensus estimates of $2.71 by $0.07. MSCI had a negative return on equity of 205.88% and a net margin of 35.65%. The business had revenue of $551.80 million for the quarter, compared to analysts’ expectations of $560.24 million. During the same quarter in the prior year, the firm earned $2.45 earnings per share. The firm’s revenue was up 10.8% on a year-over-year basis. Sell-side analysts predict that MSCI Inc. will post 11.3 earnings per share for the current year.

MSCI Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, August 31st. Investors of record on Friday, August 12th will be paid a $1.25 dividend. This is an increase from MSCI’s previous quarterly dividend of $1.04. This represents a $5.00 dividend on an annualized basis and a yield of 1.10%. The ex-dividend date of this dividend is Thursday, August 11th. MSCI’s dividend payout ratio is presently 45.61%.

MSCI Profile

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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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