Win Advisors Inc. purchased a new stake in MSCI Inc. (NYSE:MSCI – Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,761 shares of the technology company’s stock, valued at approximately $1,057,000.
Several other large investors have also modified their holdings of MSCI. Edgewood Management LLC grew its position in shares of MSCI by 16.9% in the third quarter. Edgewood Management LLC now owns 2,195,639 shares of the technology company’s stock valued at $1,279,904,000 after purchasing an additional 318,214 shares during the last quarter. Massachusetts Financial Services Co. MA grew its position in shares of MSCI by 14.3% in the third quarter. Massachusetts Financial Services Co. MA now owns 1,587,723 shares of the technology company’s stock valued at $925,531,000 after purchasing an additional 198,666 shares during the last quarter. Canoe Financial LP grew its position in shares of MSCI by 700.4% in the fourth quarter. Canoe Financial LP now owns 186,131 shares of the technology company’s stock valued at $111,680,000 after purchasing an additional 162,877 shares during the last quarter. Assenagon Asset Management S.A. grew its position in shares of MSCI by 358.3% in the third quarter. Assenagon Asset Management S.A. now owns 133,636 shares of the technology company’s stock valued at $77,900,000 after purchasing an additional 104,474 shares during the last quarter. Finally, Champlain Investment Partners LLC acquired a new stake in shares of MSCI in the third quarter valued at approximately $56,101,000. 89.97% of the stock is currently owned by institutional investors and hedge funds.
Insider Activity at MSCI
In other news, CEO Henry A. Fernandez acquired 2,900 shares of the business’s stock in a transaction on Thursday, December 5th. The shares were purchased at an average price of $612.80 per share, for a total transaction of $1,777,120.00. Following the acquisition, the chief executive officer now directly owns 330,379 shares of the company’s stock, valued at $202,456,251.20. This represents a 0.89 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 3.20% of the company’s stock.
MSCI Trading Up 0.4 %
MSCI (NYSE:MSCI – Get Free Report) last posted its earnings results on Wednesday, January 29th. The technology company reported $4.18 earnings per share for the quarter, beating the consensus estimate of $3.96 by $0.22. MSCI had a net margin of 38.83% and a negative return on equity of 156.08%. During the same quarter last year, the business posted $3.68 EPS. On average, analysts predict that MSCI Inc. will post 16.85 earnings per share for the current year.
MSCI Increases Dividend
The firm also recently announced a quarterly dividend, which will be paid on Friday, February 28th. Investors of record on Friday, February 14th will be issued a dividend of $1.80 per share. This is a positive change from MSCI’s previous quarterly dividend of $1.60. The ex-dividend date of this dividend is Friday, February 14th. This represents a $7.20 annualized dividend and a dividend yield of 1.23%. MSCI’s payout ratio is presently 45.52%.
Analysts Set New Price Targets
Several research firms have commented on MSCI. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $675.00 target price on shares of MSCI in a research note on Thursday, January 30th. Barclays lowered their target price on shares of MSCI from $700.00 to $675.00 and set an “overweight” rating for the company in a research note on Thursday, January 30th. JPMorgan Chase & Co. lowered their target price on shares of MSCI from $700.00 to $680.00 and set an “overweight” rating for the company in a research note on Thursday, January 30th. UBS Group lowered their target price on shares of MSCI from $695.00 to $680.00 and set a “buy” rating for the company in a research note on Wednesday, October 30th. Finally, Morgan Stanley lifted their target price on shares of MSCI from $662.00 to $695.00 and gave the stock an “overweight” rating in a research note on Thursday, December 12th. Four research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $649.23.
Check Out Our Latest Research Report on MSCI
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.
Read More
- Five stocks we like better than MSCI
- Russell 2000 Index, How Investors Use it For Profitable Trading
- Atlassian: Upside Still in Play After Impressive Earnings Spike
- What to Know About Investing in Penny Stocks
- Rocket Lab’s Growth Strategy: Small Rockets, Massive Potential
- Trading Stocks: RSI and Why it’s Useful
- Goldman Sachs vs. Morgan Stanley—Which Stock Has More Upside?
Receive News & Ratings for MSCI Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for MSCI and related companies with MarketBeat.com's FREE daily email newsletter.