Credit Agricole S A reduced its holdings in shares of MSCI Inc (NYSE:MSCI - Free Report) by 44.9% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 34,595 shares of the technology company's stock after selling 28,164 shares during the quarter. Credit Agricole S A's holdings in MSCI were worth $19,563,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds have also recently added to or reduced their stakes in MSCI. Guggenheim Capital LLC increased its holdings in MSCI by 9.5% during the 4th quarter. Guggenheim Capital LLC now owns 1,861 shares of the technology company's stock valued at $1,117,000 after acquiring an additional 161 shares in the last quarter. Forum Financial Management LP increased its holdings in MSCI by 6.1% during the 4th quarter. Forum Financial Management LP now owns 553 shares of the technology company's stock valued at $332,000 after acquiring an additional 32 shares in the last quarter. First Trust Advisors LP increased its holdings in MSCI by 5,053.6% during the 4th quarter. First Trust Advisors LP now owns 30,406 shares of the technology company's stock valued at $18,244,000 after acquiring an additional 29,816 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in MSCI by 2.1% during the 4th quarter. Dimensional Fund Advisors LP now owns 267,049 shares of the technology company's stock valued at $160,234,000 after acquiring an additional 5,602 shares in the last quarter. Finally, BI Asset Management Fondsmaeglerselskab A S purchased a new position in MSCI during the 4th quarter valued at about $1,932,000. 89.97% of the stock is currently owned by hedge funds and other institutional investors.
Insider Transactions at MSCI
In related news, CEO Henry A. Fernandez bought 84 shares of the stock in a transaction that occurred on Friday, July 25th. The stock was purchased at an average cost of $548.69 per share, for a total transaction of $46,089.96. Following the completion of the acquisition, the chief executive officer owned 1,279,951 shares in the company, valued at $702,296,314.19. This trade represents a 0.01% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders have purchased 12,400 shares of company stock valued at $6,731,599 in the last ninety days. 3.31% of the stock is currently owned by insiders.
Analyst Ratings Changes
MSCI has been the subject of several recent research reports. Wells Fargo & Company dropped their target price on shares of MSCI from $578.00 to $533.00 and set an "equal weight" rating for the company in a report on Wednesday, July 23rd. JPMorgan Chase & Co. lifted their price target on shares of MSCI from $650.00 to $680.00 and gave the stock an "overweight" rating in a report on Monday, July 21st. UBS Group lifted their price target on shares of MSCI from $655.00 to $700.00 and gave the stock a "buy" rating in a report on Tuesday, July 8th. Finally, Raymond James Financial upgraded shares of MSCI from a "market perform" rating to an "outperform" rating and set a $650.00 price target for the company in a report on Friday, July 25th. Ten research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $654.73.
View Our Latest Stock Report on MSCI
MSCI Stock Performance
MSCI stock traded up $6.3540 during trading on Friday, reaching $573.6240. The company had a trading volume of 380,090 shares, compared to its average volume of 803,549. MSCI Inc has a 12-month low of $486.73 and a 12-month high of $642.45. The stock's 50 day moving average price is $563.35 and its two-hundred day moving average price is $560.45. The firm has a market capitalization of $44.38 billion, a price-to-earnings ratio of 37.99, a PEG ratio of 2.77 and a beta of 1.29.
MSCI (NYSE:MSCI - Get Free Report) last released its earnings results on Tuesday, July 22nd. The technology company reported $4.17 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $4.12 by $0.05. MSCI had a net margin of 39.46% and a negative return on equity of 143.13%. The firm had revenue of $772.68 million during the quarter, compared to the consensus estimate of $763.06 million. During the same period in the previous year, the firm earned $3.64 earnings per share. MSCI's revenue was up 9.1% compared to the same quarter last year. As a group, research analysts expect that MSCI Inc will post 16.86 earnings per share for the current year.
MSCI Dividend Announcement
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 issued a $1.80 dividend. This represents a $7.20 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date is Friday, August 15th. MSCI's payout ratio is presently 47.68%.
MSCI Profile
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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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