Parcion Private Wealth LLC Invests $428,000 in MSCI Inc (NYSE:MSCI)

Parcion Private Wealth LLC bought a new stake in MSCI Inc (NYSE:MSCI - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 756 shares of the technology company's stock, valued at approximately $428,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Proficio Capital Partners LLC bought a new stake in MSCI during the 4th quarter valued at approximately $210,000. Independent Advisor Alliance increased its stake in shares of MSCI by 27.4% in the 4th quarter. Independent Advisor Alliance now owns 623 shares of the technology company's stock valued at $374,000 after buying an additional 134 shares during the period. Avantax Advisory Services Inc. boosted its position in shares of MSCI by 4.8% in the 4th quarter. Avantax Advisory Services Inc. now owns 2,123 shares of the technology company's stock worth $1,274,000 after purchasing an additional 98 shares during the last quarter. Envestnet Portfolio Solutions Inc. boosted its position in shares of MSCI by 2.1% in the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 4,391 shares of the technology company's stock worth $2,635,000 after purchasing an additional 89 shares during the last quarter. Finally, Parallel Advisors LLC lifted its holdings in MSCI by 10.3% during the fourth quarter. Parallel Advisors LLC now owns 791 shares of the technology company's stock worth $475,000 after acquiring an additional 74 shares in the last quarter. Hedge funds and other institutional investors own 89.97% of the company's stock.

MSCI Trading Up 1.5%

NYSE MSCI traded up $8.65 during trading hours on Thursday, hitting $580.78. The company's stock had a trading volume of 647,016 shares, compared to its average volume of 509,893. The company has a market capitalization of $44.94 billion, a PE ratio of 39.92, a price-to-earnings-growth ratio of 2.83 and a beta of 1.32. MSCI Inc has a 52 week low of $486.74 and a 52 week high of $642.45. The company's 50-day simple moving average is $565.83 and its two-hundred day simple moving average is $568.46.

MSCI (NYSE:MSCI - Get Free Report) last issued 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. MSCI had a net margin of 39.08% and a negative return on equity of 145.52%. The company had revenue of $745.83 million during the quarter, compared to analyst estimates of $746.45 million. Research analysts anticipate that MSCI Inc will post 16.86 EPS for the current fiscal year.

MSCI Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 30th. Investors of record on Friday, May 16th were issued a $1.80 dividend. This represents a $7.20 annualized dividend and a yield of 1.24%. The ex-dividend date of this dividend was Friday, May 16th. MSCI's dividend payout ratio (DPR) is presently 49.48%.

Insider Buying and Selling

In other MSCI news, COO Cd Baer Pettit sold 5,000 shares of the firm's stock in a transaction on Monday, May 5th. The shares were 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 directly owned 289,787 shares of the company's stock, valued at $160,133,398.33. This trade represents a 1.70% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 3.31% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on MSCI shares. Bank of America began coverage on MSCI in a research report on Thursday, April 10th. They set a "neutral" rating and a $585.00 price target on the stock. Wells Fargo & Company upped their target price on MSCI from $530.00 to $578.00 and gave the stock an "equal weight" rating in a research note on Tuesday, July 8th. Oppenheimer restated a "market perform" rating on shares of MSCI in a research note on Wednesday, April 23rd. UBS Group upped their price target on shares of MSCI from $655.00 to $700.00 and gave the stock a "buy" rating in a report on Tuesday, July 8th. Finally, 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. Three investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $651.55.

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.