Voloridge Investment Management LLC Has $63.27 Million Position in MSCI Inc. (NYSE:MSCI)

Voloridge Investment Management LLC decreased its stake in shares of MSCI Inc. (NYSE:MSCI - Free Report) by 14.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 105,452 shares of the technology company's stock after selling 17,914 shares during the period. Voloridge Investment Management LLC owned approximately 0.13% of MSCI worth $63,272,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in MSCI. Waverly Advisors LLC acquired a new position in shares of MSCI during the fourth quarter worth about $203,000. Worldquant Millennium Advisors LLC lifted its stake in MSCI by 301.7% in the 4th quarter. Worldquant Millennium Advisors LLC now owns 111,683 shares of the technology company's stock valued at $67,011,000 after acquiring an additional 83,878 shares in the last quarter. Wellington Wealth Strategies LLC. boosted its position in MSCI by 7.8% during the 4th quarter. Wellington Wealth Strategies LLC. now owns 2,571 shares of the technology company's stock worth $1,471,000 after acquiring an additional 187 shares during the last quarter. Whitford Management LLC acquired a new position in MSCI during the 4th quarter worth approximately $6,770,000. Finally, Woodline Partners LP bought a new position in shares of MSCI during the 4th quarter worth approximately $2,843,000. 89.97% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts recently commented on MSCI shares. Bank of America started coverage on shares of MSCI in a report on Thursday, April 10th. They set a "neutral" rating and a $585.00 target price for the company. Oppenheimer restated a "market perform" rating on shares of MSCI in a research note on Wednesday, April 23rd. Wells Fargo & Company lowered their target price on MSCI from $532.00 to $530.00 and set an "equal weight" rating on the stock in a research report on Wednesday, April 16th. Barclays reduced their price target on MSCI from $675.00 to $650.00 and set an "overweight" rating for the company in a research report on Friday, April 4th. Finally, Evercore ISI lowered their price target on MSCI from $673.00 to $631.00 and set an "outperform" rating on the stock in a research report on Wednesday, April 23rd. Three analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company's stock. Based on data from MarketBeat, MSCI currently has an average rating of "Moderate Buy" and an average price target of $645.36.

Insider Buying and Selling

In other MSCI news, COO Cd Baer Pettit sold 5,000 shares of the business's stock in a transaction on Monday, May 5th. The shares were sold at an average price of $552.59, for a total transaction of $2,762,950.00. Following the sale, the chief operating officer now owns 289,787 shares of the company's stock, valued at approximately $160,133,398.33. The trade was a 1.70% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Henry A. Fernandez purchased 5,300 shares of the company's stock in a transaction dated Monday, February 24th. The stock was purchased at an average price of $574.51 per share, with a total value of $3,044,903.00. Following the completion of the purchase, the chief executive officer now directly owns 1,269,951 shares in the company, valued at $729,599,549.01. The trade was a 0.42% increase in their position. The disclosure for this purchase can be found here. 3.31% of the stock is owned by insiders.

MSCI Trading Down 0.8%

Shares of MSCI traded down $4.77 during mid-day trading on Friday, reaching $559.11. The company's stock had a trading volume of 226,488 shares, compared to its average volume of 515,594. MSCI Inc. has a 1-year low of $475.32 and a 1-year high of $642.45. The business has a 50-day simple moving average of $551.32 and a two-hundred day simple moving average of $578.85. The stock has a market cap of $43.26 billion, a P/E ratio of 39.77, a PEG ratio of 2.61 and a beta of 1.33.

MSCI (NYSE:MSCI - Get Free Report) last posted its quarterly earnings results on Tuesday, April 22nd. The technology company reported $4.00 earnings per share for the quarter, beating analysts' consensus estimates of $3.88 by $0.12. MSCI had a negative return on equity of 156.08% and a net margin of 38.83%. The business had revenue of $745.83 million for the quarter, compared to analysts' expectations of $746.45 million. Research analysts anticipate that MSCI Inc. will post 16.86 EPS for the current 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 paid a $1.80 dividend. The ex-dividend date of this dividend is Friday, May 16th. This represents a $7.20 annualized dividend and a dividend yield of 1.29%. MSCI's dividend payout ratio (DPR) is presently 49.48%.

MSCI 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.