3,131 Shares in MSCI Inc $MSCI Bought by Katamaran Capital LLP

Key Points

• Katamaran Capital LLP acquired 3,131 shares of MSCI Inc., valued at approximately $1.8 million, marking it as the 20th largest position in their portfolio.
• CEO Henry A. Fernandez purchased 84 shares at an average price of $548.69, increasing his total holdings to nearly 1.28 million shares, valued at over $702 million.
• MSCI's stock is currently rated as a Moderate Buy by analysts, with an average price target of $649.70, despite a recent price drop of 1.6%.

Katamaran Capital LLP acquired a new position in shares of MSCI Inc (NYSE:MSCI - Free Report) in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 3,131 shares of the technology company's stock, valued at approximately $1,806,000. MSCI comprises about 1.7% of Katamaran Capital LLP's investment portfolio, making the stock its 20th biggest position.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Olde Wealth Management LLC acquired a new position in MSCI during the first quarter worth $27,000. Meeder Asset Management Inc. increased its position in MSCI by 136.4% during the first quarter. Meeder Asset Management Inc. now owns 52 shares of the technology company's stock worth $29,000 after buying an additional 30 shares in the last quarter. Steph & Co. purchased a new position in MSCI during the second quarter worth $35,000. Migdal Insurance & Financial Holdings Ltd. increased its position in MSCI by 50.0% during the first quarter. Migdal Insurance & Financial Holdings Ltd. now owns 66 shares of the technology company's stock worth $37,000 after buying an additional 22 shares in the last quarter. Finally, HWG Holdings LP purchased a new position in MSCI during the first quarter worth $44,000. 89.97% of the stock is owned by institutional investors and hedge funds.

Insider Activity at MSCI

In other MSCI news, CEO Henry A. Fernandez acquired 84 shares of the stock in a transaction dated Friday, July 25th. The stock was acquired at an average price of $548.69 per share, with a total value of $46,089.96. Following the completion of the transaction, the chief executive officer directly owned 1,279,951 shares in the company, valued at approximately $702,296,314.19. This trade represents a 0.01% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders acquired a total of 12,400 shares of company stock valued at $6,731,599 over the last ninety days. 3.31% of the stock is owned by insiders.

Analysts Set New Price Targets

Several equities analysts have weighed in on MSCI shares. Weiss Ratings reissued a "buy (b-)" rating on shares of MSCI in a research report on Wednesday. Wells Fargo & Company dropped their price target on MSCI from $578.00 to $533.00 and set an "equal weight" rating for the company in a research report on Wednesday, July 23rd. JPMorgan Chase & Co. raised their price target on MSCI from $625.00 to $655.00 and gave the stock an "overweight" rating in a research report on Wednesday, September 10th. Seaport Res Ptn raised MSCI to a "strong-buy" rating in a research report on Wednesday, October 1st. Finally, UBS Group raised their price target on MSCI from $655.00 to $700.00 and gave the stock a "buy" rating in a research report on Tuesday, July 8th. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $649.70.

MSCI Stock Down 1.6%

Shares of NYSE:MSCI opened at $558.10 on Friday. The company has a market cap of $43.17 billion, a P/E ratio of 36.96, a P/E/G ratio of 2.77 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 business has a fifty day simple moving average of $564.23 and a 200-day simple moving average of $559.49.

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

MSCI Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 29th. Stockholders of record on Friday, August 15th were given a $1.80 dividend. 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 payout ratio is currently 47.68%.

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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