Fuller & Thaler Asset Management Inc. raised its stake in shares of MSCI Inc. (NYSE:MSCI - Free Report) by 79.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,245 shares of the technology company's stock after acquiring an additional 993 shares during the quarter. Fuller & Thaler Asset Management Inc.'s holdings in MSCI were worth $1,347,000 at the end of the most recent quarter.
A number of other large investors have also recently added to or reduced their stakes in the stock. Compagnie Lombard Odier SCmA acquired a new position in MSCI during the 4th quarter valued at about $41,000. Y.D. More Investments Ltd boosted its position in shares of MSCI by 122.7% during the 4th quarter. Y.D. More Investments Ltd now owns 98 shares of the technology company's stock valued at $59,000 after purchasing an additional 54 shares in the last quarter. Picton Mahoney Asset Management bought a new position in shares of MSCI during the 4th quarter valued at about $60,000. Private Trust Co. NA boosted its position in shares of MSCI by 46.8% during the 4th quarter. Private Trust Co. NA now owns 113 shares of the technology company's stock valued at $68,000 after purchasing an additional 36 shares in the last quarter. Finally, SRS Capital Advisors Inc. boosted its position in shares of MSCI by 21.9% during the 4th quarter. SRS Capital Advisors Inc. now owns 117 shares of the technology company's stock valued at $70,000 after purchasing an additional 21 shares in the last quarter. 89.97% of the stock is currently owned by institutional investors.
Insider Buying and Selling at MSCI
In related news, COO Cd Baer Pettit sold 5,000 shares of the stock in a transaction dated Friday, April 4th. The shares were sold at an average price of $524.25, for a total value of $2,621,250.00. Following the completion of the sale, the chief operating officer now owns 294,787 shares in the company, valued at approximately $154,542,084.75. This trade represents a 1.67 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Henry A. Fernandez bought 5,300 shares of MSCI stock in a transaction that occurred on Monday, February 24th. The stock was 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 position. The disclosure for this purchase can be found here. Corporate insiders own 3.31% of the company's stock.
MSCI Price Performance
NYSE:MSCI traded up $1.88 during trading hours on Thursday, reaching $546.99. The company's stock had a trading volume of 137,027 shares, compared to its average volume of 537,858. The company has a market cap of $42.32 billion, a price-to-earnings ratio of 38.92, a price-to-earnings-growth ratio of 2.61 and a beta of 1.30. MSCI Inc. has a one year low of $458.69 and a one year high of $642.45. The business's 50-day moving average is $552.93 and its 200-day moving average is $582.50.
MSCI (NYSE:MSCI - Get Free Report) last released its quarterly 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. MSCI had a net margin of 38.83% and a negative return on equity of 156.08%. The company had revenue of $745.83 million during the quarter, compared to analysts' expectations of $746.45 million. On average, sell-side analysts predict that MSCI Inc. will post 16.86 EPS for the current fiscal year.
MSCI Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Friday, May 30th. Shareholders of record on Friday, May 16th will be issued a dividend of $1.80 per share. This represents a $7.20 dividend on an annualized basis and a yield of 1.32%. The ex-dividend date is Friday, May 16th. MSCI's dividend payout ratio (DPR) is 49.48%.
Analysts Set New Price Targets
Several equities analysts have recently weighed in on the stock. Evercore ISI reduced their price objective on shares of MSCI from $673.00 to $631.00 and set an "outperform" rating for the company in a research report on Wednesday, April 23rd. Bank of America assumed coverage on shares of MSCI in a research report on Thursday, April 10th. They set a "neutral" rating and a $585.00 price objective for the company. Royal Bank of Canada restated an "outperform" rating and set a $675.00 price objective on shares of MSCI in a research report on Wednesday, April 16th. Wells Fargo & Company decreased 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 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 research note on Friday, April 4th. Three analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat.com, MSCI presently has an average rating of "Moderate Buy" and a consensus price target of $645.36.
View Our Latest Analysis on MSCI
MSCI Company Profile
(
Free Report)
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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