Nutshell Asset Management Ltd Has $10.31 Million Position in MSCI Inc (NYSE:MSCI)

Key Points

• Nutshell Asset Management Ltd increased its stake in MSCI Inc by 13.8%, making MSCI the firm's 8th largest position, worth approximately $10.31 million.
• MSCI's latest earnings report showed a beat with $4.17 earnings per share, exceeding estimates by $0.05, and a year-over-year revenue increase of 9.1%.
• MSCI announced a quarterly dividend of $1.80, equating to an annualized dividend of $7.20 and a yield of 1.3%, with a payout ratio of 47.68%.

Nutshell Asset Management Ltd lifted its holdings in shares of MSCI Inc (NYSE:MSCI - Free Report) by 13.8% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 18,233 shares of the technology company's stock after purchasing an additional 2,217 shares during the period. MSCI comprises approximately 5.4% of Nutshell Asset Management Ltd's investment portfolio, making the stock its 8th largest holding. Nutshell Asset Management Ltd's holdings in MSCI were worth $10,311,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in MSCI. Menard Financial Group LLC purchased a new stake in MSCI in the 4th quarter worth about $26,000. Olde Wealth Management LLC purchased a new stake in MSCI in the 1st quarter worth about $27,000. Meeder Asset Management Inc. increased its holdings in MSCI by 136.4% in the 1st 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 last quarter. Migdal Insurance & Financial Holdings Ltd. increased its holdings in MSCI by 50.0% in the 1st 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 last quarter. Finally, Johnson Financial Group Inc. increased its holdings in MSCI by 293.8% in the 4th quarter. Johnson Financial Group Inc. now owns 63 shares of the technology company's stock worth $38,000 after acquiring an additional 47 shares during the last quarter. 89.97% of the stock is currently owned by institutional investors.

Insider Activity at MSCI

In other MSCI news, CEO Henry A. Fernandez acquired 9,916 shares of the business's stock in a transaction dated Thursday, July 24th. The stock was bought at an average price of $544.70 per share, with a total value of $5,401,245.20. Following the completion of the acquisition, the chief executive officer owned 1,279,867 shares of the company's stock, valued at $697,143,554.90. This trade represents a 0.78% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. Insiders bought a total of 12,400 shares of company stock worth $6,731,599 over the last ninety days. 3.31% of the stock is currently owned by insiders.

MSCI Trading Up 0.2%

Shares of NYSE MSCI traded up $1.24 during midday trading on Friday, hitting $546.73. 608,676 shares of the company's stock were exchanged, compared to its average volume of 1,042,163. MSCI Inc has a 12-month low of $486.73 and a 12-month high of $642.45. The company has a market cap of $42.30 billion, a price-to-earnings ratio of 36.21, a PEG ratio of 2.29 and a beta of 1.29. The business's fifty day moving average price is $562.68 and its two-hundred day moving average price is $562.99.

MSCI (NYSE:MSCI - Get Free Report) last issued 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 analyst estimates of $763.06 million. During the same quarter in the previous year, the firm earned $3.64 earnings per share. MSCI's revenue was up 9.1% on a year-over-year basis. Equities analysts expect that MSCI Inc will post 16.86 earnings per share for the current fiscal year.

MSCI Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on MSCI shares. UBS Group lifted their price objective on MSCI from $655.00 to $700.00 and gave the stock a "buy" rating in a report on Tuesday, July 8th. Oppenheimer reissued a "market perform" rating on shares of MSCI in a report on Wednesday, April 23rd. JPMorgan Chase & Co. lifted their price objective on MSCI from $650.00 to $680.00 and gave the stock an "overweight" rating in a report on Monday, July 21st. Evercore ISI decreased their price objective on MSCI from $673.00 to $631.00 and set an "outperform" rating for the company in a 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 target price for the company in a 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 company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $654.73.

About MSCI

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.