Jump Financial LLC Grows Position in MSCI Inc $MSCI

Key Points

• Jump Financial LLC has significantly increased its stake in MSCI Inc by 218.6% in Q1, amassing holdings valued at approximately $27.61 million.
• MSCI reported a 9.1% revenue increase year-over-year, with a quarterly revenue of $772.68 million and earnings per share surpassing estimates.
• The company announced a quarterly dividend of $1.80 per share, which translates to an annual yield of 1.3%.

Jump Financial LLC increased its holdings in MSCI Inc (NYSE:MSCI - Free Report) by 218.6% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 48,828 shares of the technology company's stock after purchasing an additional 33,500 shares during the period. Jump Financial LLC owned approximately 0.06% of MSCI worth $27,612,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Menard Financial Group LLC bought a new stake in MSCI in the fourth quarter worth $26,000. Olde Wealth Management LLC bought a new position in MSCI during the first quarter valued at $27,000. Meeder Asset Management Inc. increased its position in MSCI by 136.4% during the first quarter. Meeder Asset Management Inc. now owns 52 shares of the technology company's stock valued at $29,000 after acquiring an additional 30 shares during the last quarter. Johnson Financial Group Inc. increased its position in MSCI by 293.8% during the fourth quarter. Johnson Financial Group Inc. now owns 63 shares of the technology company's stock valued at $38,000 after acquiring an additional 47 shares during the last quarter. Finally, Migdal Insurance & Financial Holdings Ltd. increased its position in MSCI by 50.0% during the first quarter. Migdal Insurance & Financial Holdings Ltd. now owns 66 shares of the technology company's stock valued at $37,000 after acquiring an additional 22 shares during the last quarter. Institutional investors own 89.97% of the company's stock.

Insiders Place Their Bets

In other MSCI news, CEO Henry A. Fernandez acquired 84 shares of the stock in a transaction that occurred on Friday, July 25th. The stock was bought at an average cost of $548.69 per share, with a total value of $46,089.96. Following the completion of the purchase, the chief executive officer directly owned 1,279,951 shares in the company, valued at $702,296,314.19. The trade was a 0.01% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders have bought 12,400 shares of company stock valued at $6,731,599 over the last ninety days. 3.31% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of research analysts have weighed in on MSCI shares. Wells Fargo & Company cut their price objective 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. JPMorgan Chase & Co. boosted their price objective on shares of MSCI from $650.00 to $680.00 and gave the company an "overweight" rating in a research report on Monday, July 21st. UBS Group boosted their price objective on shares of MSCI from $655.00 to $700.00 and gave the company a "buy" rating in a research 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 objective on the stock in a research report on Friday, July 25th. Ten equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $654.73.

MSCI Trading Down 0.1%

Shares of MSCI traded down $0.61 during trading hours on Wednesday, reaching $570.82. 332,904 shares of the company traded hands, compared to its average volume of 601,529. The firm has a market cap of $44.16 billion, a price-to-earnings ratio of 37.80, a PEG ratio of 2.80 and a beta of 1.29. MSCI Inc has a 12-month low of $486.73 and a 12-month high of $642.45. The stock's fifty day moving average price is $564.37 and its 200 day moving average price is $560.16.

MSCI (NYSE:MSCI - Get Free Report) last issued 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. The firm had revenue of $772.68 million during 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 was up 9.1% on a year-over-year basis. During the same period in the previous year, the firm earned $3.64 earnings per share. On average, research analysts forecast that MSCI Inc will post 16.86 earnings per share for the current year.

MSCI Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 29th. Investors of record on Friday, August 15th will be paid a $1.80 dividend. 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 47.68%.

MSCI Company 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.