Brighton Jones LLC purchased a new stake in MSCI Inc (NYSE:MSCI - Free Report) in the first quarter, according to its most recent filing with the SEC. The fund purchased 475 shares of the technology company's stock, valued at approximately $269,000.
Other institutional investors have also made changes to their positions in the company. Menard Financial Group LLC bought a new position in MSCI during the 4th quarter worth $26,000. Johnson Financial Group Inc. grew its stake in MSCI by 293.8% during the 4th quarter. Johnson Financial Group Inc. now owns 63 shares of the technology company's stock worth $38,000 after buying an additional 47 shares during the last quarter. Colonial Trust Co SC grew its stake in MSCI by 122.6% during the 4th quarter. Colonial Trust Co SC now owns 69 shares of the technology company's stock worth $42,000 after buying an additional 38 shares during the last quarter. Versant Capital Management Inc grew its stake in MSCI by 147.2% during the 1st quarter. Versant Capital Management Inc now owns 89 shares of the technology company's stock worth $50,000 after buying an additional 53 shares during the last quarter. Finally, American National Bank & Trust grew its stake in MSCI by 9,100.0% during the 1st quarter. American National Bank & Trust now owns 92 shares of the technology company's stock worth $52,000 after buying an additional 91 shares during the last quarter. 89.97% of the stock is currently owned by institutional investors.
Insider Activity
In related news, COO Cd Baer Pettit sold 5,000 shares of the stock in a transaction that occurred on Monday, May 5th. The stock was sold at an average price of $552.59, for a total transaction of $2,762,950.00. Following the completion of the sale, the chief operating officer now owns 289,787 shares in the company, valued at $160,133,398.33. This represents a 1.70% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 3.31% of the stock is currently owned by insiders.
Analysts Set New Price Targets
A number of brokerages recently commented on MSCI. Barclays lowered their price objective on MSCI from $675.00 to $650.00 and set an "overweight" rating for the company in a research note on Friday, April 4th. Wells Fargo & Company lowered their price objective on MSCI from $532.00 to $530.00 and set an "equal weight" rating for the company in a research note on Wednesday, April 16th. Oppenheimer restated a "market perform" rating on shares of MSCI in a research note on Wednesday, April 23rd. JPMorgan Chase & Co. decreased their price target on MSCI from $680.00 to $650.00 and set an "overweight" rating for the company in a research note on Wednesday, April 16th. Finally, Bank of America began coverage on MSCI in a research note on Thursday, April 10th. They issued a "neutral" rating and a $585.00 price target for the company. Three equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat, MSCI currently has an average rating of "Moderate Buy" and an average price target of $645.36.
Get Our Latest Stock Analysis on MSCI
MSCI Stock Performance
Shares of NYSE MSCI traded up $1.07 during mid-day trading on Friday, reaching $544.79. 666,095 shares of the company traded hands, compared to its average volume of 505,055. The stock has a market cap of $42.15 billion, a PE ratio of 37.44, a price-to-earnings-growth ratio of 2.72 and a beta of 1.33. The company's fifty day moving average is $554.33 and its two-hundred day moving average is $572.93. MSCI Inc has a fifty-two week low of $478.33 and a fifty-two week high of $642.45.
MSCI (NYSE:MSCI - Get Free Report) last issued its quarterly earnings data on Tuesday, April 22nd. The technology company reported $4.00 EPS for the quarter, beating 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 negative return on equity of 145.52% and a net margin of 39.08%. Research analysts forecast that MSCI Inc will post 16.86 earnings per share for the current year.
MSCI Dividend Announcement
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 1.32%. The ex-dividend date was Friday, May 16th. MSCI's dividend payout ratio is 49.48%.
MSCI Company Profile
(
Free Report)
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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