Strive Asset Management LLC Buys Shares of 1,097 MSCI Inc. (NYSE:MSCI)

Strive Asset Management LLC bought a new position in shares of MSCI Inc. (NYSE:MSCI - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 1,097 shares of the technology company's stock, valued at approximately $658,000.

Several other hedge funds have also recently modified their holdings of the stock. Johnson Financial Group Inc. lifted its holdings in MSCI by 293.8% in the fourth quarter. Johnson Financial Group Inc. now owns 63 shares of the technology company's stock valued at $38,000 after acquiring an additional 47 shares during the period. Compagnie Lombard Odier SCmA purchased a new position in shares of MSCI during the 4th quarter worth $41,000. Colonial Trust Co SC lifted its position in MSCI by 122.6% during the fourth quarter. Colonial Trust Co SC now owns 69 shares of the technology company's stock worth $42,000 after buying an additional 38 shares during the period. Y.D. More Investments Ltd grew its holdings in MSCI by 122.7% in the 4th quarter. Y.D. More Investments Ltd now owns 98 shares of the technology company's stock valued at $59,000 after buying an additional 54 shares during the period. Finally, Picton Mahoney Asset Management purchased a new stake in MSCI in the 4th quarter valued at about $60,000. 89.97% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at MSCI

In other MSCI news, CEO Henry A. Fernandez bought 5,300 shares of MSCI stock in a transaction dated Monday, February 24th. The shares were bought at an average price of $574.51 per share, with a total value of $3,044,903.00. Following the purchase, the chief executive officer now owns 1,269,951 shares of the company's stock, valued at $729,599,549.01. This trade represents a 0.42% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, COO Cd Baer Pettit sold 5,000 shares of the firm's stock in a transaction dated Friday, April 4th. The shares were sold at an average price of $524.25, for a total transaction of $2,621,250.00. Following the completion of the transaction, the chief operating officer now directly owns 294,787 shares in the company, valued at $154,542,084.75. This trade represents a 1.67% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 3.31% of the company's stock.

MSCI Stock Down 2.0%

Shares of MSCI stock traded down $11.50 during mid-day trading on Wednesday, reaching $559.71. The stock had a trading volume of 509,416 shares, compared to its average volume of 520,281. The firm's 50 day simple moving average is $551.27 and its 200 day simple moving average is $579.16. MSCI Inc. has a one year low of $475.32 and a one year high of $642.45. The firm has a market cap of $43.31 billion, a PE ratio of 39.81, a P/E/G ratio of 2.61 and a beta of 1.33.

MSCI (NYSE:MSCI - Get Free Report) last announced its quarterly earnings data on Tuesday, April 22nd. The technology company reported $4.00 EPS for the quarter, topping analysts' consensus estimates 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%. Sell-side analysts forecast that MSCI Inc. will post 16.86 earnings per share for the current fiscal year.

MSCI Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 30th. Investors of record on Friday, May 16th will be issued a dividend of $1.80 per share. The ex-dividend date of this dividend is Friday, May 16th. This represents a $7.20 dividend on an annualized basis and a yield of 1.29%. MSCI's dividend payout ratio is 49.48%.

Wall Street Analyst Weigh In

Several brokerages have issued reports on MSCI. Wells Fargo & Company lowered their price objective on shares of MSCI from $532.00 to $530.00 and set an "equal weight" rating for the company in a research report on Wednesday, April 16th. Oppenheimer reaffirmed a "market perform" rating on shares of MSCI in a research report on Wednesday, April 23rd. JPMorgan Chase & Co. reduced their price target on MSCI from $680.00 to $650.00 and set an "overweight" rating for the company in a report on Wednesday, April 16th. Royal Bank of Canada reissued an "outperform" rating and issued a $675.00 price target on shares of MSCI in a report on Wednesday, April 16th. Finally, Barclays cut their target price on MSCI from $675.00 to $650.00 and set an "overweight" rating on the stock in a research report on Friday, April 4th. Three research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company's stock. According to MarketBeat, the company presently has a consensus 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.