Deroy & Devereaux Private Investment Counsel Inc. lessened its position in shares of Msci Inc (NYSE:MSCI) by 26.0% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,080 shares of the technology company’s stock after selling 380 shares during the period. Deroy & Devereaux Private Investment Counsel Inc.’s holdings in Msci were worth $215,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently added to or reduced their stakes in the business. Fundsmith LLP bought a new position in Msci in the fourth quarter valued at approximately $21,266,000. Dock Street Asset Management Inc. grew its stake in shares of Msci by 1.7% during the fourth quarter. Dock Street Asset Management Inc. now owns 61,470 shares of the technology company’s stock worth $9,063,000 after buying an additional 1,011 shares during the last quarter. Douglass Winthrop Advisors LLC grew its stake in shares of Msci by 30.5% during the fourth quarter. Douglass Winthrop Advisors LLC now owns 2,095 shares of the technology company’s stock worth $309,000 after buying an additional 490 shares during the last quarter. We Are One Seven LLC grew its stake in shares of Msci by 94.8% during the first quarter. We Are One Seven LLC now owns 1,017 shares of the technology company’s stock worth $202,000 after buying an additional 495 shares during the last quarter. Finally, Pennsylvania Trust Co lifted its holdings in shares of Msci by 48.1% during the fourth quarter. Pennsylvania Trust Co now owns 33,179 shares of the technology company’s stock worth $4,891,000 after purchasing an additional 10,775 shares during the period. Hedge funds and other institutional investors own 93.63% of the company’s stock.
MSCI has been the topic of a number of recent research reports. Morgan Stanley set a $184.00 price target on shares of Msci and gave the stock a “hold” rating in a report on Friday, March 1st. Cantor Fitzgerald lifted their price target on shares of Msci from $188.00 to $247.00 in a report on Friday, May 3rd. UBS Group boosted their target price on shares of Msci to $234.00 and gave the company a “buy” rating in a report on Monday, April 8th. Macquarie set a $188.00 target price on shares of Msci and gave the company a “hold” rating in a report on Friday, March 1st. Finally, BMO Capital Markets set a $190.00 price objective on shares of Msci and gave the company a “buy” rating in a report on Saturday, February 2nd. Four equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $209.22.
Msci (NYSE:MSCI) last issued its quarterly earnings data on Thursday, May 2nd. The technology company reported $1.55 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.40 by $0.15. The business had revenue of $371.38 million during the quarter, compared to the consensus estimate of $371.48 million. Msci had a net margin of 39.27% and a return on equity of 813.48%. The firm’s quarterly revenue was up 5.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.31 EPS. On average, equities research analysts expect that Msci Inc will post 6.27 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, May 31st. Shareholders of record on Friday, May 17th will be paid a $0.58 dividend. This represents a $2.32 dividend on an annualized basis and a yield of 1.03%. The ex-dividend date is Thursday, May 16th. Msci’s payout ratio is 43.36%.
In other Msci news, insider Scott A. Crum sold 19,000 shares of the business’s stock in a transaction dated Friday, February 15th. The shares were sold at an average price of $175.14, for a total value of $3,327,660.00. Following the transaction, the insider now directly owns 96,999 shares in the company, valued at $16,988,404.86. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 3.10% of the stock is owned by insiders.
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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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