Rhumbline Advisers Has $87.74 Million Position in MSCI Inc. (NYSE:MSCI)

Rhumbline Advisers lifted its holdings in shares of MSCI Inc. (NYSE:MSCI - Free Report) by 4.6% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm owned 155,158 shares of the technology company's stock after buying an additional 6,835 shares during the period. Rhumbline Advisers owned approximately 0.20% of MSCI worth $87,742,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in MSCI. Norges Bank purchased a new stake in MSCI in the 4th quarter valued at approximately $609,937,000. Bessemer Group Inc. lifted 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 acquiring an additional 583,986 shares during the period. GAMMA Investing LLC boosted its position in shares of MSCI by 61,179.6% during the 1st quarter. GAMMA Investing LLC now owns 505,557 shares of the technology company's stock worth $285,892,000 after purchasing an additional 504,732 shares in the last quarter. Mackenzie Financial Corp grew its stake in shares of MSCI by 3,881.3% during the 4th quarter. Mackenzie Financial Corp now owns 419,429 shares of the technology company's stock worth $251,662,000 after purchasing an additional 408,894 shares during the period. Finally, Arrowstreet Capital Limited Partnership lifted its stake in shares of MSCI by 169.4% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 507,413 shares of the technology company's stock valued at $304,453,000 after purchasing an additional 319,083 shares during the period. Hedge funds and other institutional investors own 89.97% of the company's stock.

Insider Activity

In related news, COO Cd Baer Pettit sold 5,000 shares of the firm's stock in a transaction that occurred on Monday, May 5th. The stock was 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 3.31% of the stock is owned by company insiders.

MSCI Price Performance

MSCI stock traded down $3.19 during trading hours on Thursday, hitting $563.72. The company had a trading volume of 328,390 shares, compared to its average volume of 509,186. MSCI Inc. has a fifty-two week low of $475.32 and a fifty-two week high of $642.45. The firm's fifty day moving average is $550.74 and its 200-day moving average is $577.00. The firm has a market capitalization of $43.62 billion, a P/E ratio of 40.09, a price-to-earnings-growth ratio of 2.61 and a beta of 1.33.

MSCI (NYSE:MSCI - Get Free Report) last released its quarterly earnings results on Tuesday, April 22nd. The technology company reported $4.00 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.88 by $0.12. The company had revenue of $745.83 million during the quarter, compared to the consensus estimate of $746.45 million. MSCI had a negative return on equity of 156.08% and a net margin of 38.83%. Analysts anticipate that MSCI Inc. will post 16.86 earnings per share for the current year.

MSCI Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, May 30th. Investors of record on Friday, May 16th were given a dividend of $1.80 per share. This represents a $7.20 dividend on an annualized basis and a yield of 1.28%. The ex-dividend date was Friday, May 16th. MSCI's dividend payout ratio (DPR) is currently 49.48%.

Analyst Ratings Changes

MSCI has been the topic of several research analyst reports. Barclays lowered their price target on MSCI from $675.00 to $650.00 and set an "overweight" rating on the stock in a report on Friday, April 4th. Evercore ISI cut their price target on MSCI from $673.00 to $631.00 and set an "outperform" rating for the company in a research note on Wednesday, April 23rd. Oppenheimer reissued a "market perform" rating on shares of MSCI in a research note on Wednesday, April 23rd. JPMorgan Chase & Co. dropped their price target on MSCI from $680.00 to $650.00 and set an "overweight" rating for the company in a research report on Wednesday, April 16th. Finally, Wells Fargo & Company decreased their price objective on MSCI from $532.00 to $530.00 and set an "equal weight" rating on the stock in a research note on Wednesday, April 16th. Three research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat.com, MSCI presently has an average rating of "Moderate Buy" and an average target price of $645.36.

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.