Cypress Asset Management Inc. TX Makes New Investment in MSCI Inc. (NYSE:MSCI)

Cypress Asset Management Inc. TX bought a new stake in MSCI Inc. (NYSE:MSCI - Free Report) in the 4th quarter, according to its most recent disclosure with the SEC. The fund bought 1,403 shares of the technology company's stock, valued at approximately $842,000.

Other hedge funds have also made changes to their positions in the company. JPMorgan Chase & Co. lifted its position in shares of MSCI by 4.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 536,211 shares of the technology company's stock worth $312,574,000 after purchasing an additional 23,050 shares during the last quarter. Nvwm LLC lifted its holdings in shares of MSCI by 3,581.3% during the fourth quarter. Nvwm LLC now owns 1,767 shares of the technology company's stock worth $1,060,000 after purchasing an additional 1,719 shares during the period. United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund grew its position in MSCI by 43.4% in the 4th quarter. United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund now owns 78,111 shares of the technology company's stock valued at $46,867,000 after buying an additional 23,649 shares during the last quarter. Rathbones Group PLC grew its position in MSCI by 3.7% in the 4th quarter. Rathbones Group PLC now owns 59,741 shares of the technology company's stock valued at $35,845,000 after buying an additional 2,123 shares during the last quarter. Finally, Fiera Capital Corp increased its stake in MSCI by 4.5% in the 4th quarter. Fiera Capital Corp now owns 1,148,615 shares of the technology company's stock valued at $689,180,000 after buying an additional 49,679 shares during the period. Institutional investors and hedge funds 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 the stock in a transaction that occurred 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 sale, the chief operating officer now directly owns 289,787 shares in the company, valued at $160,133,398.33. This trade represents a 1.70% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 3.31% of the company's stock.

MSCI Stock Performance

Shares of MSCI stock traded down $6.57 on Friday, reaching $559.43. The stock had a trading volume of 200,038 shares, compared to its average volume of 512,251. The stock has a market cap of $43.28 billion, a P/E ratio of 39.80, a price-to-earnings-growth ratio of 2.61 and a beta of 1.33. The business's 50-day moving average price is $550.88 and its two-hundred day moving average price is $578.04. MSCI Inc. has a fifty-two week low of $475.32 and a fifty-two week high of $642.45.

MSCI (NYSE:MSCI - Get Free Report) last posted its quarterly earnings results on Tuesday, April 22nd. The technology company reported $4.00 earnings per share for the quarter, topping analysts' consensus estimates of $3.88 by $0.12. The firm had revenue of $745.83 million for the quarter, compared to the consensus estimate of $746.45 million. MSCI had a net margin of 38.83% and a negative return on equity of 156.08%. As a group, equities analysts forecast that MSCI Inc. will post 16.86 earnings per share for the current fiscal year.

MSCI Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, May 30th. Stockholders of record on Friday, May 16th will be given a dividend of $1.80 per share. The ex-dividend date of this dividend is Friday, May 16th. This represents a $7.20 dividend on an annualized basis and a dividend yield of 1.29%. MSCI's payout ratio is 49.48%.

Analyst Upgrades and Downgrades

MSCI has been the topic of several recent analyst reports. JPMorgan Chase & Co. dropped their target price on MSCI from $680.00 to $650.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 16th. Wells Fargo & Company lowered their price target on shares of MSCI from $532.00 to $530.00 and set an "equal weight" rating on the stock in a research report on Wednesday, April 16th. Evercore ISI reduced their target price 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. Bank of America started coverage on MSCI in a report on Thursday, April 10th. They set a "neutral" rating and a $585.00 price objective on the stock. Finally, Barclays dropped their price target on shares of MSCI from $675.00 to $650.00 and set an "overweight" rating for the company in a research report on Friday, April 4th. Three investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price 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.