BIT Capital GmbH Takes $472,000 Position in MSCI Inc (NYSE:MSCI)

Key Points

• BIT Capital GmbH has purchased 835 shares of MSCI Inc, valued at approximately $472,000, marking a new stake in the company.
• MSCI reported an earnings per share (EPS) of $4.17 for the last quarter, exceeding analysts' expectations, and its revenue grew by 9.1% year-over-year.
• The company declared a quarterly dividend of $1.80 per share, with an expected annual yield of 1.3%, set to be paid out in August.

BIT Capital GmbH purchased a new stake in MSCI Inc (NYSE:MSCI - Free Report) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 835 shares of the technology company's stock, valued at approximately $472,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Menard Financial Group LLC acquired a new stake in shares of MSCI during the 4th quarter valued at $26,000. Olde Wealth Management LLC acquired a new stake in shares of MSCI during the first quarter valued at about $27,000. Meeder Asset Management Inc. grew its holdings in shares of 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 purchasing an additional 30 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. increased its stake 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 valued at $37,000 after buying an additional 22 shares during the period. Finally, Johnson Financial Group Inc. raised its holdings in MSCI by 293.8% in the 4th quarter. Johnson Financial Group Inc. now owns 63 shares of the technology company's stock valued at $38,000 after buying an additional 47 shares during the last quarter. Institutional investors and hedge funds own 89.97% of the company's stock.

MSCI Price Performance

Shares of NYSE:MSCI traded down $7.96 during mid-day trading on Tuesday, hitting $564.08. The company had a trading volume of 142,539 shares, compared to its average volume of 600,500. The firm has a fifty day moving average price of $563.89 and a 200 day moving average price of $564.45. The company has a market capitalization of $43.64 billion, a PE ratio of 37.44, a price-to-earnings-growth ratio of 2.33 and a beta of 1.29. MSCI Inc has a one year low of $486.73 and a one year high of $642.45.

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

MSCI Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, August 29th. Investors of record on Friday, August 15th will be paid a dividend of $1.80 per share. The ex-dividend date of this dividend is Friday, August 15th. This represents a $7.20 annualized dividend and a yield of 1.3%. MSCI's dividend payout ratio is currently 47.68%.

Insider Transactions at MSCI

In related news, CEO Henry A. Fernandez bought 9,916 shares of the business's stock in a transaction that occurred on Thursday, July 24th. The shares were acquired at an average cost of $544.70 per share, with a total value of $5,401,245.20. Following the completion of the purchase, the chief executive officer directly owned 1,279,867 shares in the company, valued at $697,143,554.90. The trade was a 0.78% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders have acquired 12,400 shares of company stock worth $6,731,599 over the last 90 days. 3.31% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on MSCI shares. Oppenheimer restated a "market perform" rating on shares of MSCI in a research report on Wednesday, April 23rd. UBS Group raised their target price on MSCI from $655.00 to $700.00 and gave the stock a "buy" rating in a research report on Tuesday, July 8th. JPMorgan Chase & Co. upped their price target on MSCI from $650.00 to $680.00 and gave the company an "overweight" rating in a research report on Monday, July 21st. Wells Fargo & Company lowered their price objective 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. Finally, Raymond James Financial raised MSCI from a "market perform" rating to an "outperform" rating and set a $650.00 price objective on the stock in a research note on Friday, July 25th. Three investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $654.73.

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.