Federated Hermes Inc. decreased its stake in shares of MSCI Inc (NYSE:MSCI - Free Report) by 20.6% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 95,000 shares of the technology company's stock after selling 24,588 shares during the period. Federated Hermes Inc. owned approximately 0.12% of MSCI worth $53,723,000 as of its most recent SEC filing.
Several other large investors have also recently bought and sold shares of the stock. Kirtland Hills Capital Management LLC grew its stake in shares of MSCI by 6.1% in the 1st quarter. Kirtland Hills Capital Management LLC now owns 4,238 shares of the technology company's stock worth $2,318,000 after purchasing an additional 245 shares during the last quarter. Meeder Asset Management Inc. increased its position in shares of MSCI by 136.4% in the first quarter. Meeder Asset Management Inc. now owns 52 shares of the technology company's stock worth $29,000 after acquiring an additional 30 shares in the last quarter. University of Texas Texas AM Investment Management Co. purchased a new position in shares of MSCI in the first quarter worth approximately $547,000. LPL Financial LLC increased its position in shares of MSCI by 4.1% in the first quarter. LPL Financial LLC now owns 47,267 shares of the technology company's stock worth $26,729,000 after acquiring an additional 1,863 shares in the last quarter. Finally, Texas Yale Capital Corp. increased its position in shares of MSCI by 0.5% in the first quarter. Texas Yale Capital Corp. now owns 30,113 shares of the technology company's stock worth $17,029,000 after acquiring an additional 163 shares in the last quarter. Institutional investors and hedge funds own 89.97% of the company's stock.
Analyst Upgrades and Downgrades
Several research analysts have recently weighed in on the stock. Wells Fargo & Company dropped their target price on shares of MSCI from $578.00 to $533.00 and set an "equal weight" rating on the stock in a research report on Wednesday, July 23rd. Oppenheimer restated a "market perform" rating on shares of MSCI in a report on Wednesday, April 23rd. Barclays decreased their price target on shares of MSCI from $675.00 to $650.00 and set an "overweight" rating for the company in a report on Friday, April 4th. UBS Group lifted their target price on shares of MSCI from $655.00 to $700.00 and gave the company a "buy" rating in a research note 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 target price for the company in a research note on Friday, July 25th. Three research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company's stock. According to data from MarketBeat, MSCI has an average rating of "Moderate Buy" and a consensus target price of $654.73.
View Our Latest Report on MSCI
MSCI Stock Down 0.7%
MSCI stock traded down $4.08 on Friday, hitting $557.28. The company's stock had a trading volume of 1,052,973 shares, compared to its average volume of 893,470. The firm has a market cap of $43.11 billion, a P/E ratio of 36.91, a price-to-earnings-growth ratio of 2.77 and a beta of 1.29. The company has a fifty day moving average price of $563.64 and a 200-day moving average price of $565.30. MSCI Inc has a one year low of $486.73 and a one year high of $642.45.
MSCI (NYSE:MSCI - Get Free Report) last announced its quarterly earnings results on Tuesday, July 22nd. The technology company reported $4.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.12 by $0.05. The firm had revenue of $772.68 million for the quarter, compared to analyst estimates of $763.06 million. MSCI had a net margin of 39.46% and a negative return on equity of 143.13%. The business's revenue for the quarter was up 9.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $3.64 EPS. Analysts anticipate that MSCI Inc will post 16.86 EPS for the current year.
MSCI Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 29th. Shareholders of record on Friday, August 15th will be issued a dividend of $1.80 per share. The ex-dividend date of this dividend is Friday, August 15th. This represents a $7.20 dividend on an annualized basis and a yield of 1.3%. MSCI's dividend payout ratio is currently 47.68%.
Insider Transactions at MSCI
In other MSCI news, COO Cd Baer Pettit sold 5,000 shares of the company's stock in a transaction dated Monday, May 5th. The shares were sold at an average price of $552.59, for a total transaction of $2,762,950.00. Following the transaction, the chief operating officer directly owned 289,787 shares in the company, valued at approximately $160,133,398.33. This represents a 1.70% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Henry A. Fernandez purchased 84 shares of the business's stock in a transaction that occurred on Friday, July 25th. The stock was purchased at an average price of $548.69 per share, for a total transaction of $46,089.96. Following the completion of the transaction, the chief executive officer directly 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 disclosure for this purchase can be found here. In the last three months, insiders have acquired 12,400 shares of company stock worth $6,731,599. Insiders own 3.31% of the company's stock.
About MSCI
(
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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