Jensen Investment Management Inc. Increases Stock Position in MSCI Inc. (NYSE:MSCI)

Jensen Investment Management Inc. raised its position in shares of MSCI Inc. (NYSE:MSCI) by 51.2% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 9,270 shares of the technology company’s stock after buying an additional 3,140 shares during the quarter. Jensen Investment Management Inc.’s holdings in MSCI were worth $4,466,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Vanguard Group Inc. increased its holdings in shares of MSCI by 0.4% during the first quarter. Vanguard Group Inc. now owns 8,719,381 shares of the technology company’s stock valued at $4,886,777,000 after acquiring an additional 36,043 shares in the last quarter. Capital International Investors increased its holdings in shares of MSCI by 0.5% during the first quarter. Capital International Investors now owns 1,734,519 shares of the technology company’s stock valued at $972,111,000 after acquiring an additional 9,304 shares in the last quarter. Principal Financial Group Inc. increased its holdings in shares of MSCI by 74.9% during the second quarter. Principal Financial Group Inc. now owns 1,456,194 shares of the technology company’s stock valued at $701,522,000 after acquiring an additional 623,712 shares in the last quarter. Sustainable Growth Advisers LP increased its holdings in shares of MSCI by 1.8% during the first quarter. Sustainable Growth Advisers LP now owns 1,323,058 shares of the technology company’s stock valued at $741,508,000 after acquiring an additional 23,217 shares in the last quarter. Finally, Brown Advisory Inc. increased its holdings in shares of MSCI by 4.4% during the fourth quarter. Brown Advisory Inc. now owns 1,038,761 shares of the technology company’s stock valued at $587,575,000 after acquiring an additional 44,234 shares in the last quarter. Hedge funds and other institutional investors own 89.97% of the company’s stock.

MSCI Stock Down 0.0 %

Shares of MSCI stock traded down $0.23 during trading hours on Friday, reaching $570.43. 39,299 shares of the stock traded hands, compared to its average volume of 563,221. The company has a 50 day moving average price of $533.98 and a 200 day moving average price of $522.22. The firm has a market capitalization of $45.19 billion, a price-to-earnings ratio of 38.95, a P/E/G ratio of 3.16 and a beta of 1.11. MSCI Inc. has a one year low of $439.95 and a one year high of $617.39.

MSCI (NYSE:MSCI) last released its quarterly earnings results on Tuesday, July 23rd. The technology company reported $3.64 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.55 by $0.09. The business had revenue of $707.90 million during the quarter, compared to the consensus estimate of $696.41 million. MSCI had a negative return on equity of 143.09% and a net margin of 43.86%. The business’s quarterly revenue was up 14.0% compared to the same quarter last year. During the same period in the previous year, the company posted $3.26 EPS. Sell-side analysts anticipate that MSCI Inc. will post 14.79 earnings per share for the current year.

MSCI Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 30th. Stockholders of record on Friday, August 16th were given a dividend of $1.60 per share. The ex-dividend date of this dividend was Friday, August 16th. This represents a $6.40 dividend on an annualized basis and a dividend yield of 1.12%. MSCI’s payout ratio is currently 43.69%.

Analyst Ratings Changes

Several equities analysts have recently weighed in on MSCI shares. Royal Bank of Canada restated an “outperform” rating and set a $638.00 price target on shares of MSCI in a report on Wednesday, July 24th. The Goldman Sachs Group raised their price target on MSCI from $526.00 to $590.00 and gave the company a “neutral” rating in a report on Wednesday, July 24th. Argus lifted their price objective on MSCI from $520.00 to $600.00 and gave the stock a “buy” rating in a report on Friday, July 26th. Barclays lifted their price objective on MSCI from $600.00 to $650.00 and gave the stock an “overweight” rating in a report on Wednesday, July 24th. Finally, Morgan Stanley lifted their price objective on MSCI from $615.00 to $640.00 and gave the stock an “overweight” rating in a report on Wednesday, July 24th. Eight analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat, MSCI currently has a consensus rating of “Moderate Buy” and an average target price of $584.79.

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.