Canoe Financial LP Has $108.99 Million Position in MSCI Inc (NYSE:MSCI)

Canoe Financial LP grew its holdings in MSCI Inc (NYSE:MSCI - Free Report) by 3.5% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 192,731 shares of the technology company's stock after purchasing an additional 6,600 shares during the period. MSCI makes up about 1.7% of Canoe Financial LP's portfolio, making the stock its 25th biggest position. Canoe Financial LP owned about 0.25% of MSCI worth $108,989,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Menard Financial Group LLC bought a new stake in MSCI during the 4th quarter worth $26,000. Johnson Financial Group Inc. grew its position 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 acquiring an additional 47 shares during the last quarter. Colonial Trust Co SC grew its position 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 acquiring an additional 38 shares during the last quarter. Versant Capital Management Inc grew its position 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 acquiring an additional 53 shares during the last quarter. Finally, American National Bank & Trust grew its position 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 acquiring an additional 91 shares during the last quarter. Institutional investors own 89.97% of the company's stock.

Insider Buying and Selling at MSCI

In related news, COO Cd Baer Pettit sold 5,000 shares of MSCI stock in a transaction 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 sale, the chief operating officer now owns 289,787 shares of the company's stock, valued at approximately $160,133,398.33. This trade represents a 1.70% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 3.31% of the company's stock.

MSCI Stock Performance

Shares of NYSE:MSCI traded up $1.07 during midday trading on Friday, reaching $544.79. The company's stock had a trading volume of 666,095 shares, compared to its average volume of 505,055. The firm has a market capitalization of $42.15 billion, a price-to-earnings ratio of 37.44, a PEG ratio of 2.72 and a beta of 1.33. The firm has a 50 day moving average price of $554.33 and a two-hundred day moving average price of $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 announced its quarterly earnings data on Tuesday, April 22nd. The technology company reported $4.00 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.88 by $0.12. The company had revenue of $745.83 million for the quarter, compared to the consensus estimate of $746.45 million. MSCI had a negative return on equity of 145.52% and a net margin of 39.08%. As a group, research analysts anticipate that MSCI Inc will post 16.86 earnings per share for the current year.

MSCI Announces Dividend

The company 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. The ex-dividend date was Friday, May 16th. This represents a $7.20 annualized dividend and a yield of 1.32%. MSCI's payout ratio is currently 49.48%.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on MSCI shares. Oppenheimer restated a "market perform" rating on shares of MSCI in a research report on Wednesday, April 23rd. JPMorgan Chase & Co. reduced their price target on MSCI from $680.00 to $650.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 16th. Bank of America initiated coverage on MSCI in a research report on Thursday, April 10th. They issued a "neutral" rating and a $585.00 price target on the stock. Evercore ISI reduced their price target on MSCI from $673.00 to $631.00 and set an "outperform" rating on the stock in a research report on Wednesday, April 23rd. Finally, Royal Bank Of Canada reiterated an "outperform" rating and issued a $675.00 price target on shares of MSCI in a research report on Wednesday, April 16th. Three research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $645.36.

MSCI 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.