MSCI Inc (NYSE:MSCI) is Bowie Capital Management LLC's 8th Largest Position

Key Points

• Bowie Capital Management LLC increased its stake in MSCI Inc by 14.4%, owning 186,470 shares which make up approximately 4.9% of its portfolio and rank as its 8th biggest position.
• MSCI recently declared a quarterly dividend of $1.80 per share, representing a 1.3% dividend yield, with a payout ratio of 47.68%.
• Analysts have a consensus price target of $654.73 for MSCI Inc, with ten analysts rating it as a "buy" and three as a "hold."

Bowie Capital Management LLC grew its stake in shares of MSCI Inc (NYSE:MSCI - Free Report) by 14.4% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 186,470 shares of the technology company's stock after purchasing an additional 23,504 shares during the quarter. MSCI makes up approximately 4.9% of Bowie Capital Management LLC's portfolio, making the stock its 8th biggest position. Bowie Capital Management LLC owned 0.24% of MSCI worth $105,449,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the stock. Menard Financial Group LLC purchased a new stake in MSCI in the fourth quarter worth $26,000. Olde Wealth Management LLC purchased a new stake in MSCI in the first quarter worth $27,000. Meeder Asset Management Inc. lifted its stake in MSCI by 136.4% in the first quarter. Meeder Asset Management Inc. now owns 52 shares of the technology company's stock worth $29,000 after acquiring an additional 30 shares during the period. Migdal Insurance & Financial Holdings Ltd. lifted its stake in MSCI by 50.0% in the first quarter. Migdal Insurance & Financial Holdings Ltd. now owns 66 shares of the technology company's stock worth $37,000 after acquiring an additional 22 shares during the period. Finally, Johnson Financial Group Inc. lifted 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 buying an additional 47 shares during the period. Hedge funds and other institutional investors own 89.97% of the company's stock.

Insider Activity

In related news, CEO Henry A. Fernandez acquired 84 shares of the stock in a transaction dated Friday, July 25th. The shares were purchased at an average cost of $548.69 per share, with a total value of $46,089.96. Following the transaction, the chief executive officer directly owned 1,279,951 shares in the company, valued at approximately $702,296,314.19. This represents a 0.01% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In the last ninety days, insiders bought 12,400 shares of company stock worth $6,731,599. Insiders own 3.31% of the company's stock.

MSCI Price Performance

MSCI opened at $556.92 on Friday. The stock has a 50-day moving average price of $561.90 and a 200-day moving average price of $561.20. The firm has a market cap of $43.08 billion, a PE ratio of 36.88, a P/E/G ratio of 2.76 and a beta of 1.29. MSCI Inc has a 1 year low of $486.73 and a 1 year high of $642.45.

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, topping the consensus estimate of $4.12 by $0.05. MSCI had a negative return on equity of 143.13% and a net margin of 39.46%. The company had revenue of $772.68 million during the quarter, compared to the consensus estimate of $763.06 million. During the same period last year, the company earned $3.64 EPS. MSCI's revenue for the quarter was up 9.1% on a year-over-year basis. As a group, sell-side analysts anticipate that MSCI Inc will post 16.86 EPS for the current year.

MSCI Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, August 29th. Shareholders of record on Friday, August 15th will be paid a dividend of $1.80 per share. This represents a $7.20 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date is Friday, August 15th. MSCI's payout ratio is currently 47.68%.

Analyst Ratings Changes

Several equities analysts have commented on the company. UBS Group raised their price objective on MSCI from $655.00 to $700.00 and gave the company a "buy" rating in a research report on Tuesday, July 8th. Oppenheimer reissued a "market perform" rating on shares of MSCI in a research report on Wednesday, April 23rd. Wells Fargo & Company lowered their price objective on MSCI from $578.00 to $533.00 and set an "equal weight" rating for the company in a research report on Wednesday, July 23rd. Evercore ISI lowered their price objective on MSCI from $673.00 to $631.00 and set an "outperform" rating for the company in a research report on Wednesday, April 23rd. Finally, Raymond James Financial raised MSCI from a "market perform" rating to an "outperform" rating and set a $650.00 price objective for the company in a research report on Friday, July 25th. Three research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $654.73.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.