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MSCI Inc $MSCI Shares Acquired by NorthRock Partners LLC

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Key Points

  • NorthRock Partners LLC increased its stake in MSCI Inc by 63.6%, owning a total of 1,417 shares valued at approximately $817,000 as reported in their latest SEC filing.
  • CEO Henry A. Fernandez purchased 9,916 shares of MSCI stock for a total of $5.4 million, bringing his total ownership to over 1.27 million shares, valued at around $697 million.
  • Several analysts have adjusted their price targets for MSCI, with Evercore ISI raising its target from $588 to $611 and JPMorgan Chase from $625 to $655, reflecting a general positive outlook on the stock.
  • MarketBeat previews top five stocks to own in November.

NorthRock Partners LLC grew its holdings in MSCI Inc (NYSE:MSCI - Free Report) by 63.6% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,417 shares of the technology company's stock after purchasing an additional 551 shares during the period. NorthRock Partners LLC's holdings in MSCI were worth $817,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently bought and sold shares of MSCI. GAMMA Investing LLC lifted its stake in MSCI by 8.4% during the 1st quarter. GAMMA Investing LLC now owns 894 shares of the technology company's stock worth $506,000 after acquiring an additional 69 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted its stake in MSCI by 105.4% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 13,762 shares of the technology company's stock worth $7,783,000 after acquiring an additional 7,063 shares in the last quarter. Ritholtz Wealth Management lifted its stake in MSCI by 23.2% during the 1st quarter. Ritholtz Wealth Management now owns 812 shares of the technology company's stock worth $459,000 after acquiring an additional 153 shares in the last quarter. Brighton Jones LLC acquired a new position in MSCI during the 1st quarter worth about $269,000. Finally, Janney Montgomery Scott LLC lifted its stake in MSCI by 31.3% during the 1st quarter. Janney Montgomery Scott LLC now owns 3,759 shares of the technology company's stock worth $2,126,000 after acquiring an additional 897 shares in the last quarter. Institutional investors and hedge funds own 89.97% of the company's stock.

Insider Activity at MSCI

In other MSCI news, CEO Henry A. Fernandez acquired 9,916 shares of the company's stock in a transaction dated Thursday, July 24th. The shares were acquired at an average price of $544.70 per share, for a total transaction of $5,401,245.20. Following the acquisition, the chief executive officer owned 1,279,867 shares in the company, valued at $697,143,554.90. The trade was a 0.78% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In the last quarter, insiders bought 12,400 shares of company stock valued at $6,731,599. Corporate insiders own 3.31% of the company's stock.

Wall Street Analyst Weigh In

Several research firms recently issued reports on MSCI. Evercore ISI increased their target price on MSCI from $588.00 to $611.00 and gave the stock an "outperform" rating in a research note on Tuesday. JPMorgan Chase & Co. increased their target price on MSCI from $625.00 to $655.00 and gave the stock an "overweight" rating in a research note on Wednesday, September 10th. Seaport Res Ptn raised MSCI to a "strong-buy" rating in a research note on Wednesday, October 1st. Wells Fargo & Company cut their price target on MSCI from $578.00 to $533.00 and set an "equal weight" rating on the stock in a report on Wednesday, July 23rd. Finally, Weiss Ratings restated a "buy (b-)" rating on shares of MSCI in a report on Wednesday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, MSCI has a consensus rating of "Moderate Buy" and a consensus price target of $647.70.

View Our Latest Analysis on MSCI

MSCI Price Performance

Shares of NYSE MSCI opened at $554.14 on Wednesday. The stock's 50-day moving average is $563.46 and its two-hundred day moving average is $559.07. MSCI Inc has a 1-year low of $486.73 and a 1-year high of $642.45. The company has a market cap of $42.87 billion, a price-to-earnings ratio of 36.70, a price-to-earnings-growth ratio of 2.68 and a beta of 1.33.

MSCI (NYSE:MSCI - Get Free Report) last released its quarterly earnings data on Tuesday, July 22nd. The technology company reported $4.17 EPS for the quarter, beating analysts' consensus estimates of $4.12 by $0.05. MSCI had a negative return on equity of 143.13% and a net margin of 39.46%.The business had revenue of $772.68 million for the quarter, compared to the consensus estimate of $763.06 million. During the same quarter in the prior year, the business posted $3.64 EPS. The business's revenue for the quarter was up 9.1% on a year-over-year basis. Equities research analysts anticipate that MSCI Inc will post 16.86 earnings per share for the current fiscal year.

MSCI Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 29th. Stockholders of record on Friday, August 15th were issued a $1.80 dividend. The ex-dividend date was Friday, August 15th. This represents a $7.20 dividend on an annualized basis and a dividend yield of 1.3%. MSCI's dividend payout ratio is presently 47.68%.

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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Institutional Ownership by Quarter for MSCI (NYSE:MSCI)

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