Simplicity Wealth LLC Purchases 948 Shares of MSCI Inc $MSCI

Key Points

• Simplicity Wealth LLC increased its stake in MSCI Inc by 179.9% during the second quarter, acquiring an additional 948 shares to bring its total holdings to 1,475 shares valued at approximately $851,000.
• Several institutional investors have also boosted their holdings in MSCI, with notable increases from UMB Bank n.a. (16.8%), Toth Financial Advisory Corp (94.6%), and Pallas Capital Advisors LLC (108.4%).
• MSCI's stock performance shows a range between a fifty-two week low of $486.73 and a high of $642.45, with a recent opening price of $568.74 and a market cap of $44 billion.

Simplicity Wealth LLC grew its stake in MSCI Inc (NYSE:MSCI - Free Report) by 179.9% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,475 shares of the technology company's stock after acquiring an additional 948 shares during the quarter. Simplicity Wealth LLC's holdings in MSCI were worth $851,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in MSCI. UMB Bank n.a. boosted its holdings in MSCI by 16.8% in the first quarter. UMB Bank n.a. now owns 257 shares of the technology company's stock worth $145,000 after acquiring an additional 37 shares in the last quarter. Toth Financial Advisory Corp boosted its holdings in MSCI by 94.6% in the first quarter. Toth Financial Advisory Corp now owns 1,720 shares of the technology company's stock worth $973,000 after acquiring an additional 836 shares in the last quarter. Pallas Capital Advisors LLC boosted its holdings in MSCI by 108.4% in the first quarter. Pallas Capital Advisors LLC now owns 5,424 shares of the technology company's stock worth $3,068,000 after acquiring an additional 2,821 shares in the last quarter. Harbor Capital Advisors Inc. lifted its holdings in shares of MSCI by 39.2% during the first quarter. Harbor Capital Advisors Inc. now owns 1,762 shares of the technology company's stock valued at $996,000 after purchasing an additional 496 shares in the last quarter. Finally, GAMMA Investing LLC lifted its holdings in shares of MSCI by 8.4% during the first quarter. GAMMA Investing LLC now owns 894 shares of the technology company's stock valued at $506,000 after purchasing an additional 69 shares in the last quarter. 89.97% of the stock is owned by institutional investors.

MSCI Stock Performance

MSCI stock opened at $568.74 on Wednesday. MSCI Inc has a fifty-two week low of $486.73 and a fifty-two week high of $642.45. The business's 50-day moving average is $564.13 and its two-hundred day moving average is $559.50. The company has a market cap of $44.00 billion, a price-to-earnings ratio of 37.67, a P/E/G ratio of 2.76 and a beta of 1.33.

MSCI (NYSE:MSCI - Get Free Report) last posted its earnings results on Tuesday, July 22nd. The technology company reported $4.17 earnings per share for the quarter, beating analysts' consensus estimates of $4.12 by $0.05. The company had revenue of $772.68 million for the quarter, compared to the consensus estimate of $763.06 million. MSCI had a negative return on equity of 143.13% and a net margin of 39.46%.MSCI's revenue was up 9.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $3.64 earnings per share. Equities analysts predict that MSCI Inc will post 16.86 earnings per share for the current year.

MSCI Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, August 29th. Shareholders of record on Friday, August 15th were given a $1.80 dividend. The ex-dividend date was Friday, August 15th. This represents a $7.20 dividend on an annualized basis and a yield of 1.3%. MSCI's dividend payout ratio is presently 47.68%.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on MSCI shares. UBS Group upped their price target on MSCI from $655.00 to $700.00 and gave the company a "buy" rating in a report on Tuesday, July 8th. Weiss Ratings reaffirmed a "buy (b-)" rating on shares of MSCI in a report on Saturday, September 27th. JPMorgan Chase & Co. upped their price target on MSCI from $625.00 to $655.00 and gave the company an "overweight" rating in a report on Wednesday, September 10th. Seaport Res Ptn raised MSCI to a "strong-buy" rating in a report on Wednesday, October 1st. Finally, Wells Fargo & Company lowered their price target on MSCI from $578.00 to $533.00 and set an "equal weight" rating on the stock in a report on Wednesday, July 23rd. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $652.45.

Insider Buying and Selling

In related news, CEO Henry A. Fernandez purchased 84 shares of MSCI stock in a transaction on Friday, July 25th. The stock was acquired at an average price of $548.69 per share, for a total transaction of $46,089.96. Following the completion of the transaction, the chief executive officer directly owned 1,279,951 shares in the company, valued at $702,296,314.19. This represents a 0.01% increase in their position. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders bought a total of 12,400 shares of company stock valued at $6,731,599 in the last three months. Corporate insiders own 3.31% of the company's stock.

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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