619 Shares in MSCI Inc (NYSE:MSCI) Acquired by Allegiance Financial Group Advisory Services LLC

Allegiance Financial Group Advisory Services LLC purchased a new stake in MSCI Inc (NYSE:MSCI - Free Report) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 619 shares of the technology company's stock, valued at approximately $350,000.

Several other hedge funds also recently added to or reduced their stakes in MSCI. Proficio Capital Partners LLC acquired a new position in shares of MSCI in the fourth quarter worth about $210,000. Envestnet Portfolio Solutions Inc. raised its position in shares of MSCI by 2.1% in the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 4,391 shares of the technology company's stock worth $2,635,000 after acquiring an additional 89 shares during the period. Parallel Advisors LLC raised its position in shares of MSCI by 10.3% in the fourth quarter. Parallel Advisors LLC now owns 791 shares of the technology company's stock worth $475,000 after acquiring an additional 74 shares during the period. Thrivent Financial for Lutherans raised its position in shares of MSCI by 62.3% in the fourth quarter. Thrivent Financial for Lutherans now owns 58,061 shares of the technology company's stock worth $34,837,000 after acquiring an additional 22,285 shares during the period. Finally, Advisors Asset Management Inc. raised its position in shares of MSCI by 49.6% in the fourth quarter. Advisors Asset Management Inc. now owns 5,087 shares of the technology company's stock worth $3,052,000 after acquiring an additional 1,686 shares during the period. 89.97% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at MSCI

In other news, COO Cd Baer Pettit sold 5,000 shares of the business's stock in a transaction that occurred on Monday, May 5th. The shares were sold at an average price of $552.59, for a total value of $2,762,950.00. Following the completion of the transaction, the chief operating officer owned 289,787 shares of the company's stock, valued at $160,133,398.33. The trade was a 1.70% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 3.31% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the stock. Royal Bank Of Canada restated an "outperform" rating and set a $675.00 price target on shares of MSCI in a research report on Wednesday, April 16th. Evercore ISI cut their price objective on shares of MSCI from $673.00 to $631.00 and set an "outperform" rating for the company in a report on Wednesday, April 23rd. Oppenheimer reiterated a "market perform" rating on shares of MSCI in a report on Wednesday, April 23rd. UBS Group increased their price objective on shares of MSCI from $655.00 to $700.00 and gave the company a "buy" rating in a report on Tuesday, July 8th. Finally, JPMorgan Chase & Co. cut their price objective on shares of MSCI from $680.00 to $650.00 and set an "overweight" rating for the company in a report on Wednesday, April 16th. Three research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $651.55.

MSCI Stock Performance

NYSE MSCI traded down $2.62 during trading on Friday, reaching $577.56. The company's stock had a trading volume of 584,883 shares, compared to its average volume of 510,589. The firm has a market cap of $44.69 billion, a price-to-earnings ratio of 39.69, a P/E/G ratio of 2.87 and a beta of 1.32. MSCI Inc has a twelve month low of $486.74 and a twelve month high of $642.45. The business's fifty day moving average price is $566.71 and its 200-day moving average price is $568.17.

MSCI (NYSE:MSCI - Get Free Report) last issued its quarterly earnings results on Tuesday, April 22nd. The technology company reported $4.00 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $3.88 by $0.12. The business had revenue of $745.83 million for the quarter, compared to analyst estimates of $746.45 million. MSCI had a net margin of 39.08% and a negative return on equity of 145.52%. As a group, sell-side analysts forecast that MSCI Inc will post 16.86 EPS for the current fiscal year.

MSCI Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, May 30th. Shareholders of record on Friday, May 16th were issued a $1.80 dividend. This represents a $7.20 annualized dividend and a dividend yield of 1.25%. The ex-dividend date was Friday, May 16th. MSCI's dividend payout ratio (DPR) is presently 49.48%.

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.