Kornitzer Capital Management Inc. KS Has $33.36 Million Position in MSCI Inc (NYSE:MSCI)

Kornitzer Capital Management Inc. KS cut its position in MSCI Inc (NYSE:MSCI - Free Report) by 13.2% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 58,994 shares of the technology company's stock after selling 8,942 shares during the period. Kornitzer Capital Management Inc. KS owned about 0.08% of MSCI worth $33,361,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the company. Geode Capital Management LLC raised its stake in MSCI by 1.9% in the 4th quarter. Geode Capital Management LLC now owns 1,897,456 shares of the technology company's stock worth $1,136,563,000 after purchasing an additional 35,094 shares in the last quarter. Principal Financial Group Inc. boosted its stake in MSCI by 0.9% during the first quarter. Principal Financial Group Inc. now owns 1,626,923 shares of the technology company's stock worth $920,026,000 after acquiring an additional 13,918 shares in the last quarter. Norges Bank acquired a new position in MSCI during the fourth quarter worth $609,937,000. FMR LLC raised its holdings in MSCI by 3.1% during the fourth quarter. FMR LLC now owns 853,452 shares of the technology company's stock worth $512,079,000 after buying an additional 25,325 shares during the last quarter. Finally, Northern Trust Corp raised its holdings in shares of MSCI by 6.6% in the fourth quarter. Northern Trust Corp now owns 784,490 shares of the technology company's stock valued at $470,702,000 after purchasing an additional 48,524 shares during the last quarter. 89.97% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at MSCI

In related news, COO Cd Baer Pettit sold 5,000 shares of MSCI stock in a transaction on Monday, May 5th. The stock was sold at an average price of $552.59, for a total transaction of $2,762,950.00. Following the completion of the sale, the chief operating officer owned 289,787 shares of the company's stock, valued at approximately $160,133,398.33. This trade represents a 1.70% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 3.31% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

MSCI has been the topic of several recent analyst reports. UBS Group raised their target price on shares of MSCI from $655.00 to $700.00 and gave the stock a "buy" rating in a report on Tuesday, July 8th. Bank of America initiated coverage on shares of MSCI in a research report on Thursday, April 10th. They set a "neutral" rating and a $585.00 price target for the company. JPMorgan Chase & Co. dropped their price target on MSCI from $680.00 to $650.00 and set an "overweight" rating for the company in a research note on Wednesday, April 16th. Wells Fargo & Company increased their target price on MSCI from $530.00 to $578.00 and gave the company an "equal weight" rating in a research report on Tuesday, July 8th. Finally, Evercore ISI decreased their target price on MSCI from $673.00 to $631.00 and set an "outperform" rating for the company in a research report on Wednesday, April 23rd. Three equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to MarketBeat, MSCI currently has a consensus rating of "Moderate Buy" and a consensus price target of $651.55.

MSCI Price Performance

Shares of NYSE MSCI opened at $570.65 on Tuesday. The company has a market capitalization of $44.15 billion, a price-to-earnings ratio of 39.22, a PEG ratio of 2.81 and a beta of 1.32. MSCI Inc has a 1-year low of $486.74 and a 1-year high of $642.45. The business has a 50-day moving average of $565.09 and a 200-day moving average of $568.46.

MSCI (NYSE:MSCI - Get Free Report) last posted its earnings results on Tuesday, April 22nd. The technology company reported $4.00 EPS for the quarter, beating the consensus estimate of $3.88 by $0.12. MSCI had a negative return on equity of 145.52% and a net margin of 39.08%. The firm had revenue of $745.83 million for the quarter, compared to analysts' expectations of $746.45 million. Research analysts expect that MSCI Inc will post 16.86 EPS for the current fiscal year.

MSCI Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, May 30th. Investors of record on Friday, May 16th were given a dividend of $1.80 per share. This represents a $7.20 annualized dividend and a yield of 1.26%. The ex-dividend date of this dividend was Friday, May 16th. MSCI's payout ratio is 49.48%.

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.

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