Marks Group Wealth Management Inc Has $12.62 Million Position in MSCI Inc (NYSE:MSCI)

Marks Group Wealth Management Inc increased its holdings in shares of MSCI Inc (NYSE:MSCI - Free Report) by 3.5% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 22,316 shares of the technology company's stock after acquiring an additional 753 shares during the period. MSCI makes up 1.2% of Marks Group Wealth Management Inc's investment portfolio, making the stock its 10th largest holding. Marks Group Wealth Management Inc's holdings in MSCI were worth $12,620,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Ritholtz Wealth Management boosted its stake in MSCI by 23.2% in the 1st quarter. Ritholtz Wealth Management now owns 812 shares of the technology company's stock worth $459,000 after purchasing an additional 153 shares in the last quarter. Golden State Wealth Management LLC lifted its position in MSCI by 336.4% in the 1st quarter. Golden State Wealth Management LLC now owns 96 shares of the technology company's stock valued at $54,000 after acquiring an additional 74 shares in the last quarter. United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund boosted its stake in MSCI by 43.4% during the 4th quarter. United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund now owns 78,111 shares of the technology company's stock valued at $46,867,000 after purchasing an additional 23,649 shares during the last quarter. Rathbones Group PLC increased its holdings in shares of MSCI by 3.7% in the 4th quarter. Rathbones Group PLC now owns 59,741 shares of the technology company's stock worth $35,845,000 after purchasing an additional 2,123 shares in the last quarter. Finally, NorthRock Partners LLC purchased a new position in MSCI in the 4th quarter worth about $556,000. Hedge funds and other institutional investors own 89.97% of the company's stock.

Wall Street Analyst Weigh In

MSCI has been the topic of a number of recent analyst reports. Oppenheimer reaffirmed a "market perform" rating on shares of MSCI in a report on Wednesday, April 23rd. JPMorgan Chase & Co. dropped their target price on shares of MSCI from $680.00 to $650.00 and set an "overweight" rating on the stock in a report on Wednesday, April 16th. UBS Group boosted 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. Wells Fargo & Company raised their price target on MSCI from $530.00 to $578.00 and gave the stock an "equal weight" rating in a research note on Tuesday, July 8th. Finally, Royal Bank Of Canada reiterated an "outperform" rating and set a $675.00 price objective on shares of MSCI in a research report on Wednesday, April 16th. Three equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company's stock. According to data from MarketBeat.com, MSCI has an average rating of "Moderate Buy" and an average price target of $651.55.

MSCI Stock Down 2.7%

NYSE:MSCI traded down $15.54 on Friday, reaching $565.12. 635,341 shares of the company's stock traded hands, compared to its average volume of 508,166. The stock has a 50-day simple moving average of $564.68 and a 200-day simple moving average of $569.03. MSCI Inc has a 12 month low of $486.74 and a 12 month high of $642.45. The firm has a market cap of $43.72 billion, a PE ratio of 38.84, a P/E/G ratio of 2.81 and a beta of 1.32.

MSCI (NYSE:MSCI - Get Free Report) last issued its earnings results on Tuesday, April 22nd. The technology company reported $4.00 earnings per share (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 company had revenue of $745.83 million for the quarter, compared to the consensus estimate of $746.45 million. On average, equities analysts anticipate that MSCI Inc will post 16.86 earnings per share for the current year.

MSCI Dividend Announcement

The business also recently announced 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 annualized dividend and a yield of 1.27%. MSCI's payout ratio is 49.48%.

Insider Buying and Selling at MSCI

In related news, COO Cd Baer Pettit sold 5,000 shares of the business'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 sale, the chief operating officer directly owned 289,787 shares in the company, valued at approximately $160,133,398.33. The trade was a 1.70% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 3.31% of the stock is currently owned by insiders.

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.