618 Shares in MSCI Inc $MSCI Purchased by Bourgeon Capital Management LLC

Key Points

• Bourgeon Capital Management LLC purchased 618 shares of MSCI Inc, valued at approximately $356,000, during the second quarter.
• MSCI has a consensus rating of "Moderate Buy" from investment analysts, with a target price averaging $652.45.
• The company recently announced a quarterly dividend of $1.80, representing an annualized dividend yield of 1.3%.

Bourgeon Capital Management LLC bought a new position in shares of MSCI Inc (NYSE:MSCI - Free Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor bought 618 shares of the technology company's stock, valued at approximately $356,000.

Several other hedge funds have also recently bought and sold shares of MSCI. Vanguard Group Inc. lifted its stake in MSCI by 5.9% during the 1st quarter. Vanguard Group Inc. now owns 9,376,852 shares of the technology company's stock worth $5,302,610,000 after acquiring an additional 518,833 shares in the last quarter. AQR Capital Management LLC lifted its stake in MSCI by 355.7% during the 1st quarter. AQR Capital Management LLC now owns 660,690 shares of the technology company's stock worth $365,976,000 after acquiring an additional 515,713 shares in the last quarter. Bank Julius Baer & Co. Ltd Zurich raised its position in MSCI by 605,802.9% in the 1st quarter. Bank Julius Baer & Co. Ltd Zurich now owns 212,066 shares of the technology company's stock valued at $129,903,000 after purchasing an additional 212,031 shares in the last quarter. Jacobs Levy Equity Management Inc. acquired a new stake in MSCI in the 1st quarter valued at about $119,408,000. Finally, Nuveen LLC acquired a new stake in MSCI in the 1st quarter valued at about $117,879,000. Institutional investors and hedge funds own 89.97% of the company's stock.

Wall Street Analyst Weigh In

MSCI has been the topic of a number of analyst reports. Wells Fargo & Company reduced their price target on MSCI from $578.00 to $533.00 and set an "equal weight" rating on the stock in a research report on Wednesday, July 23rd. JPMorgan Chase & Co. increased their price target on MSCI from $625.00 to $655.00 and gave the company an "overweight" rating in a research report on Wednesday, September 10th. Raymond James Financial raised MSCI from a "market perform" rating to an "outperform" rating and set a $650.00 price target on the stock in a research report on Friday, July 25th. Finally, UBS Group increased their price target on MSCI from $655.00 to $700.00 and gave the company a "buy" rating in a research report on Tuesday, July 8th. Ten investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, MSCI has a consensus rating of "Moderate Buy" and a consensus target price of $652.45.

MSCI Trading Up 0.5%

MSCI stock opened at $568.48 on Tuesday. The company has a market capitalization of $43.98 billion, a P/E ratio of 37.65, a PEG ratio of 2.76 and a beta of 1.34. MSCI Inc has a twelve month low of $486.73 and a twelve month high of $642.45. The business has a 50 day simple moving average of $561.83 and a 200-day simple moving average of $559.62.

MSCI (NYSE:MSCI - Get Free Report) last posted its quarterly earnings data on Tuesday, July 22nd. The technology company reported $4.17 earnings per share for the quarter, beating the consensus estimate 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 company's revenue was up 9.1% compared to the same quarter last year. During the same period in the prior year, the company earned $3.64 earnings per share. Research analysts predict that MSCI Inc will post 16.86 EPS for the current fiscal year.

MSCI Dividend Announcement

The business also recently announced 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 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 presently 47.68%.

Insider Activity

In related news, CEO Henry A. Fernandez bought 9,916 shares of the company's stock in a transaction dated Thursday, July 24th. The shares were acquired at an average price of $544.70 per share, with a total value 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 trade represents a 0.78% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders purchased a total of 12,400 shares of company stock valued at $6,731,599 over the last quarter. 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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