Palumbo Wealth Management LLC Purchases 799 Shares of MSCI Inc (NYSE:MSCI)

Palumbo Wealth Management LLC lifted its position in shares of MSCI Inc (NYSE:MSCI - Free Report) by 23.1% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 4,261 shares of the technology company's stock after acquiring an additional 799 shares during the quarter. Palumbo Wealth Management LLC's holdings in MSCI were worth $2,410,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. M3 Advisory Group LLC lifted its holdings in MSCI by 5.8% in the first quarter. M3 Advisory Group LLC now owns 401 shares of the technology company's stock valued at $227,000 after buying an additional 22 shares during the period. Kentucky Retirement Systems Insurance Trust Fund bought a new stake in shares of MSCI during the 1st quarter valued at $1,250,000. Intact Investment Management Inc. acquired a new position in shares of MSCI in the 1st quarter valued at $67,000. Weaver Capital Management LLC boosted its position in shares of MSCI by 5.8% in the 1st quarter. Weaver Capital Management LLC now owns 753 shares of the technology company's stock worth $426,000 after purchasing an additional 41 shares during the last quarter. Finally, GAM Holding AG bought a new position in shares of MSCI in the 1st quarter worth $2,997,000. Institutional investors and hedge funds 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 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 value of $2,762,950.00. Following the completion of the transaction, the chief operating officer now directly owns 289,787 shares in the company, valued at $160,133,398.33. This trade represents a 1.70% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 3.31% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on MSCI shares. JPMorgan Chase & Co. cut their target price on MSCI from $680.00 to $650.00 and set an "overweight" rating on the stock in a research note on Wednesday, April 16th. Oppenheimer reiterated a "market perform" rating on shares of MSCI in a research report on Wednesday, April 23rd. Bank of America assumed coverage on shares of MSCI in a research note on Thursday, April 10th. They set a "neutral" rating and a $585.00 price objective on the stock. Wells Fargo & Company lowered their target price on shares of MSCI from $532.00 to $530.00 and set an "equal weight" rating for the company in a research note on Wednesday, April 16th. Finally, Barclays cut their target price on shares of MSCI from $675.00 to $650.00 and set an "overweight" rating on the stock in a report on Friday, April 4th. Three investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $645.36.

MSCI Price Performance

Shares of MSCI traded up $19.90 during midday trading on Tuesday, hitting $575.02. The stock had a trading volume of 672,271 shares, compared to its average volume of 507,661. The firm has a market cap of $44.49 billion, a price-to-earnings ratio of 39.52, a price-to-earnings-growth ratio of 2.77 and a beta of 1.33. The company has a 50 day simple moving average of $554.79 and a two-hundred day simple moving average of $572.26. MSCI Inc has a twelve month low of $478.33 and a twelve month high of $642.45.

MSCI (NYSE:MSCI - Get Free Report) last announced its earnings results on Tuesday, April 22nd. The technology company reported $4.00 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.88 by $0.12. The business had revenue of $745.83 million for the quarter, compared to analyst estimates of $746.45 million. MSCI had a negative return on equity of 145.52% and a net margin of 39.08%. Analysts forecast that MSCI Inc will post 16.86 EPS for the current fiscal year.

MSCI Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 30th. Stockholders of record on Friday, May 16th were given a $1.80 dividend. This represents a $7.20 dividend on an annualized basis and a dividend yield of 1.25%. The ex-dividend date was Friday, May 16th. MSCI's dividend payout ratio is presently 49.48%.

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.