Mackenzie Financial Corp Boosts Holdings in MSCI Inc. (NYSE:MSCI)

Mackenzie Financial Corp lifted its stake in shares of MSCI Inc. (NYSE:MSCI - Free Report) by 3,881.3% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 419,429 shares of the technology company's stock after purchasing an additional 408,894 shares during the quarter. Mackenzie Financial Corp owned 0.54% of MSCI worth $251,662,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Norges Bank acquired a new position in shares of MSCI during the 4th quarter worth $609,937,000. Bessemer Group Inc. increased its holdings in MSCI by 16,353.6% in the fourth 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 period. Arrowstreet Capital Limited Partnership raised its position in shares of 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 acquiring an additional 319,083 shares during the last quarter. Raymond James Financial Inc. bought a new position in MSCI during the 4th quarter worth approximately $185,003,000. Finally, Proficio Capital Partners LLC acquired a new position in MSCI in the fourth quarter valued at $126,082,000. Institutional investors own 89.97% of the company's stock.

Insider Activity at MSCI

In other MSCI news, COO Cd Baer Pettit sold 5,000 shares of the 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 completion of the transaction, the chief operating officer now owns 289,787 shares in the company, valued at $160,133,398.33. This trade represents a 1.70% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 3.31% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on MSCI. Bank of America initiated coverage on shares of MSCI in a research note on Thursday, April 10th. They issued a "neutral" rating and a $585.00 price objective for the company. Evercore ISI dropped their price target on MSCI from $673.00 to $631.00 and set an "outperform" rating on the stock in a research note on Wednesday, April 23rd. Royal Bank of Canada reissued an "outperform" rating and issued a $675.00 price objective on shares of MSCI in a research note on Wednesday, April 16th. Wells Fargo & Company lowered their target price on MSCI from $532.00 to $530.00 and set an "equal weight" rating on the stock in a research report on Wednesday, April 16th. Finally, JPMorgan Chase & Co. cut their target price on MSCI from $680.00 to $650.00 and set an "overweight" rating on the stock in a report on Wednesday, April 16th. Three investment analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat.com, MSCI currently has a consensus rating of "Moderate Buy" and an average target price of $645.36.

MSCI Trading Up 1.4%

Shares of MSCI stock traded up $7.75 during trading on Tuesday, hitting $566.42. The company's stock had a trading volume of 433,454 shares, compared to its average volume of 515,396. The company has a market cap of $43.82 billion, a PE ratio of 40.29, a P/E/G ratio of 2.61 and a beta of 1.33. The business has a fifty day moving average of $550.89 and a 200-day moving average of $578.45. MSCI Inc. has a 52 week low of $475.32 and a 52 week high of $642.45.

MSCI (NYSE:MSCI - Get Free Report) last posted its quarterly earnings data on Tuesday, April 22nd. The technology company reported $4.00 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $3.88 by $0.12. The business had revenue of $745.83 million during 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, research analysts predict that MSCI Inc. will post 16.86 EPS for the current year.

MSCI Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, May 30th. Investors of record on Friday, May 16th will be issued a $1.80 dividend. 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 1.27%. MSCI's dividend payout ratio (DPR) is presently 49.48%.

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.