OMNI 360 Wealth Inc. Purchases New Position in MSCI Inc (NYSE:MSCI)

OMNI 360 Wealth Inc. acquired a new stake in MSCI Inc (NYSE:MSCI - Free Report) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 509 shares of the technology company's stock, valued at approximately $288,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in MSCI. Geode Capital Management LLC raised its stake in shares of MSCI by 1.9% during the fourth quarter. Geode Capital Management LLC now owns 1,897,456 shares of the technology company's stock worth $1,136,563,000 after purchasing an additional 35,094 shares during the last quarter. Principal Financial Group Inc. raised its position in MSCI by 0.9% in the first quarter. Principal Financial Group Inc. now owns 1,626,923 shares of the technology company's stock worth $920,026,000 after acquiring an additional 13,918 shares in the last quarter. Norges Bank purchased a new position in MSCI in the fourth quarter worth $609,937,000. FMR LLC raised its position in MSCI by 3.1% in the fourth quarter. FMR LLC now owns 853,452 shares of the technology company's stock worth $512,079,000 after acquiring an additional 25,325 shares in the last quarter. Finally, Northern Trust Corp raised its position in MSCI by 6.6% in the fourth quarter. Northern Trust Corp now owns 784,490 shares of the technology company's stock worth $470,702,000 after acquiring an additional 48,524 shares in the last quarter. Hedge funds and other institutional investors own 89.97% of the company's stock.

Insider Transactions at MSCI

In other MSCI news, COO Cd Baer Pettit sold 5,000 shares of MSCI stock in a transaction 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 sale, the chief operating officer owned 289,787 shares of the company's stock, valued at $160,133,398.33. The trade was a 1.70% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 3.31% of the stock is owned by corporate insiders.

MSCI Stock Performance

Shares of NYSE:MSCI traded up $0.73 during mid-day trading on Tuesday, hitting $588.73. 25,149 shares of the company traded hands, compared to its average volume of 541,383. MSCI Inc has a 52-week low of $486.73 and a 52-week high of $642.45. The firm's 50 day simple moving average is $562.24 and its 200 day simple moving average is $569.59. The firm has a market cap of $45.55 billion, a P/E ratio of 40.54, a PEG ratio of 2.93 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 EPS for the quarter, topping 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 during the quarter, compared to analyst estimates of $746.45 million. Equities research analysts expect that MSCI Inc will post 16.86 EPS for the current fiscal year.

MSCI Dividend Announcement

The business also recently disclosed 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. The ex-dividend date was Friday, May 16th. This represents a $7.20 dividend on an annualized basis and a yield of 1.22%. MSCI's dividend payout ratio is currently 49.48%.

Analyst Ratings Changes

Several research analysts have issued reports on the company. UBS Group increased their price objective on MSCI from $655.00 to $700.00 and gave the stock a "buy" rating in a research report on Tuesday. Evercore ISI lowered their target price on MSCI from $673.00 to $631.00 and set an "outperform" rating on the stock in a report on Wednesday, April 23rd. Oppenheimer reissued a "market perform" rating on shares of MSCI in a report on Wednesday, April 23rd. Barclays decreased their price objective on MSCI from $675.00 to $650.00 and set an "overweight" rating on the stock in a research note on Friday, April 4th. Finally, Wells Fargo & Company increased their price objective on MSCI from $530.00 to $578.00 and gave the company an "equal weight" rating in a research note on Tuesday. Three research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $651.55.

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.

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