615 Shares in MSCI Inc $MSCI Purchased by waypoint wealth counsel

Key Points

• Waypoint Wealth Counsel acquired a new position in MSCI Inc, purchasing 615 shares valued at approximately $355,000 during the second quarter.
• MSCI's stock has been performing well, with a recent opening price of $546.69 and a market capitalization of $42.29 billion.
• The company reported earnings per share (EPS) of $4.17, exceeding analysts' expectations, with a dividend yield of 1.3% announced in its recent quarterly dividend.

waypoint wealth counsel acquired a new position in shares of MSCI Inc (NYSE:MSCI - Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 615 shares of the technology company's stock, valued at approximately $355,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Olde Wealth Management LLC purchased a new stake in MSCI in the 1st quarter worth approximately $27,000. Meeder Asset Management Inc. lifted its stake in MSCI by 136.4% in the 1st quarter. Meeder Asset Management Inc. now owns 52 shares of the technology company's stock worth $29,000 after purchasing an additional 30 shares in the last quarter. Steph & Co. purchased a new stake in shares of MSCI in the second quarter worth $35,000. Migdal Insurance & Financial Holdings Ltd. raised its position in shares of MSCI by 50.0% in 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, Banque Transatlantique SA raised its position in shares of MSCI by 355.6% in the first quarter. Banque Transatlantique SA now owns 82 shares of the technology company's stock worth $43,000 after buying an additional 64 shares in the last quarter. 89.97% of the stock is owned by hedge funds and other institutional investors.

MSCI Stock Performance

MSCI stock opened at $546.69 on Friday. The company has a market capitalization of $42.29 billion, a PE ratio of 36.20, a price-to-earnings-growth ratio of 2.67 and a beta of 1.33. MSCI Inc has a one year low of $486.73 and a one year high of $642.45. The company's 50 day moving average price is $564.01 and its two-hundred day moving average price is $559.22.

MSCI (NYSE:MSCI - Get Free Report) last issued its earnings results 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 for the quarter, compared to analysts' expectations of $763.06 million. MSCI had a net margin of 39.46% and a negative return on equity of 143.13%. The firm's revenue was up 9.1% compared to the same quarter last year. During the same quarter last year, the company earned $3.64 EPS. On average, research analysts predict that MSCI Inc will post 16.86 EPS for the current year.

MSCI Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 29th. Stockholders of record on Friday, August 15th were issued a $1.80 dividend. The ex-dividend date was Friday, August 15th. This represents a $7.20 annualized dividend and a dividend yield of 1.3%. MSCI's payout ratio is currently 47.68%.

Wall Street Analyst Weigh In

Several analysts have weighed in on the company. Weiss Ratings reaffirmed a "buy (b-)" rating on shares of MSCI in a report on Wednesday. UBS Group raised their target price 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. Raymond James Financial raised shares of MSCI from a "market perform" rating to an "outperform" rating and set a $650.00 target price on the stock in a research note on Friday, July 25th. Seaport Res Ptn raised shares of MSCI to a "strong-buy" rating in a research note on Wednesday, October 1st. Finally, Wells Fargo & Company lowered their price objective on shares of MSCI from $578.00 to $533.00 and set an "equal weight" rating on the stock in a research report on Wednesday, July 23rd. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, MSCI has a consensus rating of "Moderate Buy" and an average price target of $649.70.

Insider Activity at MSCI

In related news, CEO Henry A. Fernandez acquired 9,916 shares of the firm's stock in a transaction dated Thursday, July 24th. The shares were purchased at an average price of $544.70 per share, for a total transaction of $5,401,245.20. Following the completion of the acquisition, the chief executive officer owned 1,279,867 shares in the company, valued at approximately $697,143,554.90. This represents a 0.78% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available at this link. Insiders bought a total of 12,400 shares of company stock valued at $6,731,599 in the last quarter. 3.31% of the stock is currently owned by insiders.

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.

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