MSCI Inc (NYSE:MSCI) Shares Purchased by Apollon Wealth Management LLC

Apollon Wealth Management LLC lifted its stake in shares of MSCI Inc (NYSE:MSCI - Free Report) by 9.8% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 5,501 shares of the technology company's stock after acquiring an additional 489 shares during the quarter. Apollon Wealth Management LLC's holdings in MSCI were worth $3,111,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the stock. Sunbelt Securities Inc. increased its position in shares of MSCI by 15.4% during the first quarter. Sunbelt Securities Inc. now owns 142 shares of the technology company's stock worth $80,000 after acquiring an additional 19 shares during the period. Optivise Advisory Services LLC lifted its holdings in MSCI by 3.8% during the first quarter. Optivise Advisory Services LLC now owns 540 shares of the technology company's stock worth $306,000 after buying an additional 20 shares during the period. Quotient Wealth Partners LLC boosted its position in MSCI by 5.9% during the 1st quarter. Quotient Wealth Partners LLC now owns 361 shares of the technology company's stock valued at $204,000 after acquiring an additional 20 shares in the last quarter. Whipplewood Advisors LLC boosted its position in MSCI by 16.8% during the 1st quarter. Whipplewood Advisors LLC now owns 146 shares of the technology company's stock valued at $83,000 after acquiring an additional 21 shares in the last quarter. Finally, Salvus Wealth Management LLC boosted its position in MSCI by 2.6% during the 1st quarter. Salvus Wealth Management LLC now owns 824 shares of the technology company's stock valued at $466,000 after acquiring an additional 21 shares in the last quarter. 89.97% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts have issued reports on MSCI shares. Royal Bank Of Canada reaffirmed an "outperform" rating and set a $675.00 target price on shares of MSCI in a research report on Wednesday, April 16th. Bank of America started coverage on MSCI in a research report on Thursday, April 10th. They set a "neutral" rating and a $585.00 target price on the stock. Barclays dropped their target price on MSCI from $675.00 to $650.00 and set an "overweight" rating on the stock in a research report on Friday, April 4th. UBS Group increased their target price on MSCI from $655.00 to $700.00 and gave the company a "buy" rating in a research report on Tuesday, July 8th. Finally, Evercore ISI cut their price target on shares of MSCI from $673.00 to $631.00 and set an "outperform" rating on the stock in a report on Wednesday, April 23rd. Three research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company's stock. According to data from MarketBeat.com, MSCI currently has an average rating of "Moderate Buy" and an average price target of $651.55.

Insider Buying and Selling at MSCI

In related news, COO Cd Baer Pettit sold 5,000 shares of the business's stock in a transaction on Monday, May 5th. The shares were sold at an average price of $552.59, for a total transaction of $2,762,950.00. Following the completion of the transaction, the chief operating officer directly owned 289,787 shares in the company, 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 document filed with the SEC, which is available at this hyperlink. 3.31% of the stock is owned by company insiders.

MSCI Stock Up 0.5%

Shares of MSCI traded up $2.63 during trading hours on Friday, reaching $582.81. 105,558 shares of the company traded hands, compared to its average volume of 541,511. The stock has a market capitalization of $45.09 billion, a P/E ratio of 40.01, a P/E/G ratio of 2.83 and a beta of 1.32. MSCI Inc has a 12-month low of $486.73 and a 12-month high of $642.45. The business has a fifty day moving average price of $566.28 and a 200-day moving average price of $568.33.

MSCI (NYSE:MSCI - Get Free Report) last announced its quarterly earnings data on Tuesday, April 22nd. The technology company reported $4.00 earnings per share for the quarter, beating analysts' consensus estimates of $3.88 by $0.12. The firm 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, research analysts predict that MSCI Inc will post 16.86 EPS for the current fiscal year.

MSCI Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 30th. Stockholders of record on Friday, May 16th were issued a dividend of $1.80 per share. This represents a $7.20 dividend on an annualized basis and a dividend yield of 1.24%. The ex-dividend date of this dividend 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.