111 Capital Buys Shares of 891 MSCI Inc $MSCI

Key Points

• 111 Capital has acquired a new stake in MSCI Inc, purchasing 891 shares for approximately $514,000 in the second quarter.
• Analysts have varying opinions on MSCI, with JPMorgan Chase raising their price target to $655 and UBS Group lifting theirs to $700, while Wells Fargo decreased it to $533.
• MSCI recently declared a quarterly dividend of $1.80 per share, representing an annualized dividend yield of 1.3% with a payout ratio of 47.68%.

111 Capital bought a new stake in shares of MSCI Inc (NYSE:MSCI - Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 891 shares of the technology company's stock, valued at approximately $514,000.

Several other large investors have also modified their holdings of MSCI. Olde Wealth Management LLC purchased a new position in shares of MSCI during the first quarter valued at approximately $27,000. Meeder Asset Management Inc. boosted its position in shares of MSCI by 136.4% during the first quarter. Meeder Asset Management Inc. now owns 52 shares of the technology company's stock valued at $29,000 after buying an additional 30 shares during the period. Steph & Co. purchased a new position in shares of MSCI during the second quarter valued at approximately $35,000. Migdal Insurance & Financial Holdings Ltd. boosted its position in shares of MSCI by 50.0% during the first quarter. Migdal Insurance & Financial Holdings Ltd. now owns 66 shares of the technology company's stock valued at $37,000 after buying an additional 22 shares during the period. Finally, Banque Transatlantique SA boosted its position in shares of MSCI by 355.6% during the first quarter. Banque Transatlantique SA now owns 82 shares of the technology company's stock valued at $43,000 after buying an additional 64 shares during the period. Hedge funds and other institutional investors own 89.97% of the company's stock.

Analyst Ratings Changes

Several brokerages have issued reports on MSCI. JPMorgan Chase & Co. boosted their target price on MSCI from $625.00 to $655.00 and gave the company an "overweight" rating in a research report on Wednesday, September 10th. Wells Fargo & Company decreased their price target on shares of MSCI from $578.00 to $533.00 and set an "equal weight" rating for the company in a research note on Wednesday, July 23rd. Raymond James Financial raised shares of MSCI from a "market perform" rating to an "outperform" rating and set a $650.00 price target for the company in a research note on Friday, July 25th. UBS Group lifted their price target on shares of MSCI from $655.00 to $700.00 and gave the company a "buy" rating in a research note on Tuesday, July 8th. Finally, Seaport Res Ptn raised shares of MSCI to a "strong-buy" rating in a research note on Wednesday, October 1st. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $652.45.

MSCI Stock Up 0.0%

Shares of NYSE:MSCI opened at $560.95 on Monday. The company has a market capitalization of $43.40 billion, a price-to-earnings ratio of 37.15, a price-to-earnings-growth ratio of 2.73 and a beta of 1.33. MSCI Inc has a 52 week low of $486.73 and a 52 week high of $642.45. The firm has a 50 day moving average of $563.68 and a 200 day moving average of $559.42.

MSCI (NYSE:MSCI - Get Free Report) last issued its quarterly earnings data on Tuesday, July 22nd. The technology company reported $4.17 EPS for the quarter, topping analysts' consensus estimates of $4.12 by $0.05. The company had revenue of $772.68 million during the quarter, compared to the consensus estimate of $763.06 million. MSCI had a net margin of 39.46% and a negative return on equity of 143.13%. MSCI's revenue for the quarter was up 9.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $3.64 earnings per share. On average, sell-side analysts expect that MSCI Inc will post 16.86 EPS for the current year.

MSCI Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, August 29th. Stockholders of record on Friday, August 15th were given a dividend of $1.80 per share. The ex-dividend date of this dividend was Friday, August 15th. This represents a $7.20 dividend on an annualized basis and a dividend yield of 1.3%. MSCI's dividend payout ratio is presently 47.68%.

Insider Activity

In other MSCI news, CEO Henry A. Fernandez purchased 9,916 shares of MSCI stock in a transaction dated Thursday, July 24th. The shares were acquired at an average cost of $544.70 per share, with a total value of $5,401,245.20. Following the completion of the transaction, the chief executive officer owned 1,279,867 shares in the company, valued at approximately $697,143,554.90. This trade represents a 0.78% increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders acquired 12,400 shares of company stock worth $6,731,599 over the last 90 days. Corporate insiders own 3.31% of the company's stock.

About MSCI

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.

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