Dock Street Asset Management Inc. Has $21.11 Million Position in MSCI Inc (NYSE:MSCI)

Dock Street Asset Management Inc. lowered its holdings in MSCI Inc (NYSE:MSCI - Free Report) by 5.1% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 37,330 shares of the technology company's stock after selling 2,016 shares during the quarter. MSCI accounts for about 2.5% of Dock Street Asset Management Inc.'s investment portfolio, making the stock its 14th biggest position. Dock Street Asset Management Inc.'s holdings in MSCI were worth $21,110,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the business. Norges Bank bought a new position in shares of MSCI during the fourth quarter valued at $609,937,000. Bessemer Group Inc. lifted its holdings in MSCI by 16,353.6% during the 4th quarter. Bessemer Group Inc. now owns 587,557 shares of the technology company's stock valued at $352,539,000 after purchasing an additional 583,986 shares during the last quarter. GAMMA Investing LLC boosted its position in MSCI by 61,179.6% in the first quarter. GAMMA Investing LLC now owns 505,557 shares of the technology company's stock valued at $285,892,000 after buying an additional 504,732 shares in the last quarter. Mackenzie Financial Corp boosted its position in MSCI by 3,881.3% in the fourth quarter. Mackenzie Financial Corp now owns 419,429 shares of the technology company's stock valued at $251,662,000 after buying an additional 408,894 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership grew its stake in MSCI by 169.4% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 507,413 shares of the technology company's stock worth $304,453,000 after buying an additional 319,083 shares during the last quarter. Institutional investors and hedge funds own 89.97% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on MSCI shares. Barclays decreased their price target on MSCI from $675.00 to $650.00 and set an "overweight" rating on the stock in a research report on Friday, April 4th. Royal Bank Of Canada restated an "outperform" rating and issued a $675.00 target price on shares of MSCI in a research note on Wednesday, April 16th. Wells Fargo & Company raised their target price on MSCI from $530.00 to $578.00 and gave the company an "equal weight" rating in a research note on Tuesday, July 8th. Oppenheimer reiterated a "market perform" rating on shares of MSCI in a research report on Wednesday, April 23rd. Finally, Evercore ISI decreased their price objective 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. Three 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, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $651.55.

MSCI Price Performance

Shares of NYSE MSCI traded down $15.54 during mid-day trading on Friday, hitting $565.12. The company's stock had a trading volume of 635,341 shares, compared to its average volume of 508,166. MSCI Inc has a one year low of $486.74 and a one year high of $642.45. The company's fifty day simple moving average is $564.68 and its 200-day simple moving average is $569.03. The stock has a market cap of $43.72 billion, a price-to-earnings ratio of 38.84, a price-to-earnings-growth ratio of 2.81 and a beta of 1.32.

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 firm had revenue of $745.83 million for the quarter, compared to analysts' expectations of $746.45 million. MSCI had a net margin of 39.08% and a negative return on equity of 145.52%. On average, sell-side analysts predict that MSCI Inc will post 16.86 EPS for the current year.

MSCI Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 30th. Investors of record on Friday, May 16th were paid a dividend of $1.80 per share. The ex-dividend date was Friday, May 16th. This represents a $7.20 dividend on an annualized basis and a dividend yield of 1.27%. MSCI's dividend payout ratio (DPR) is presently 49.48%.

Insider Transactions at MSCI

In other news, COO Cd Baer Pettit sold 5,000 shares of the company's stock in a transaction dated Monday, May 5th. The stock was 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 directly owned 289,787 shares of the company's stock, valued at $160,133,398.33. This represents a 1.70% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Company insiders own 3.31% of the company's stock.

About MSCI

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.