State Board of Administration of Florida Retirement System Decreases Stake in Msci Inc (NYSE:MSCI)

State Board of Administration of Florida Retirement System lowered its stake in Msci Inc (NYSE:MSCI) by 3.1% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 128,469 shares of the technology company’s stock after selling 4,170 shares during the quarter. State Board of Administration of Florida Retirement System owned approximately 0.15% of Msci worth $30,677,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently modified their holdings of the business. Keybank National Association OH boosted its stake in Msci by 4.5% in the 1st quarter. Keybank National Association OH now owns 1,570 shares of the technology company’s stock worth $312,000 after purchasing an additional 68 shares during the period. Flagship Harbor Advisors LLC boosted its position in shares of Msci by 14.0% during the 2nd quarter. Flagship Harbor Advisors LLC now owns 562 shares of the technology company’s stock valued at $134,000 after acquiring an additional 69 shares during the last quarter. World Asset Management Inc boosted its position in shares of Msci by 1.2% during the 2nd quarter. World Asset Management Inc now owns 5,889 shares of the technology company’s stock valued at $1,406,000 after acquiring an additional 72 shares during the last quarter. ETF Managers Group LLC boosted its position in shares of Msci by 8.9% during the 1st quarter. ETF Managers Group LLC now owns 964 shares of the technology company’s stock valued at $192,000 after acquiring an additional 79 shares during the last quarter. Finally, NN Investment Partners Holdings N.V. boosted its position in shares of Msci by 0.4% during the 2nd quarter. NN Investment Partners Holdings N.V. now owns 19,756 shares of the technology company’s stock valued at $4,717,000 after acquiring an additional 84 shares during the last quarter. Institutional investors and hedge funds own 92.07% of the company’s stock.

A number of analysts have recently issued reports on the company. UBS Group downgraded Msci from a “buy” rating to a “neutral” rating and lifted their price target for the company from $234.00 to $258.00 in a research report on Monday, July 8th. Morgan Stanley lifted their price target on Msci from $223.00 to $240.00 and gave the company an “equal weight” rating in a research report on Friday, July 19th. Cantor Fitzgerald lifted their price target on Msci from $188.00 to $247.00 in a research report on Friday, May 3rd. Barclays reiterated a “buy” rating and set a $240.00 price target on shares of Msci in a research report on Sunday, May 5th. Finally, TheStreet downgraded Msci from a “b” rating to a “c+” rating in a research report on Tuesday, August 6th. Four investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $217.63.

NYSE:MSCI traded down $1.64 during mid-day trading on Friday, reaching $234.36. The stock had a trading volume of 2,763 shares, compared to its average volume of 612,709. The firm has a 50 day moving average price of $232.46 and a two-hundred day moving average price of $215.03. The stock has a market capitalization of $19.99 billion, a P/E ratio of 43.93, a P/E/G ratio of 3.67 and a beta of 1.12. Msci Inc has a one year low of $134.28 and a one year high of $247.57.

Msci (NYSE:MSCI) last released its earnings results on Thursday, August 1st. The technology company reported $1.54 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.51 by $0.03. The company had revenue of $385.56 million during the quarter, compared to the consensus estimate of $382.81 million. Msci had a negative return on equity of 599.92% and a net margin of 39.27%. Msci’s quarterly revenue was up 6.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.30 EPS. Equities research analysts anticipate that Msci Inc will post 6.31 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, August 30th. Investors of record on Friday, August 16th will be given a $0.68 dividend. This is an increase from Msci’s previous quarterly dividend of $0.58. The ex-dividend date of this dividend is Thursday, August 15th. This represents a $2.72 dividend on an annualized basis and a yield of 1.16%. Msci’s payout ratio is presently 50.84%.

About Msci

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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Institutional Ownership by Quarter for Msci (NYSE:MSCI)

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