International Assets Investment Management LLC boosted its holdings in MSCI Inc. (NYSE:MSCI - Free Report) by 13,659.5% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 10,182 shares of the technology company's stock after buying an additional 10,108 shares during the period. International Assets Investment Management LLC's holdings in MSCI were worth $5,759,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of MSCI. Principal Financial Group Inc. raised its holdings in MSCI by 59.6% in the third quarter. Principal Financial Group Inc. now owns 762,080 shares of the technology company's stock worth $391,008,000 after purchasing an additional 284,513 shares during the period. American Century Companies Inc. raised its position in shares of MSCI by 32.5% during the third quarter. American Century Companies Inc. now owns 959,894 shares of the technology company's stock worth $492,502,000 after purchasing an additional 235,290 shares during the period. Los Angeles Capital Management LLC lifted its holdings in shares of MSCI by 468.7% during the 3rd quarter. Los Angeles Capital Management LLC now owns 244,267 shares of the technology company's stock valued at $125,329,000 after purchasing an additional 201,317 shares in the last quarter. Wellington Management Group LLP grew its position in shares of MSCI by 14.0% in the 3rd quarter. Wellington Management Group LLP now owns 1,460,634 shares of the technology company's stock valued at $749,422,000 after purchasing an additional 179,508 shares during the period. Finally, Polen Capital Management LLC bought a new stake in MSCI during the 3rd quarter worth approximately $71,444,000. 89.97% of the stock is owned by institutional investors.
MSCI Trading Down 0.1 %
NYSE MSCI traded down $0.65 during midday trading on Wednesday, hitting $470.75. The company had a trading volume of 811,404 shares, compared to its average volume of 579,339. The firm has a 50-day moving average price of $528.77 and a 200-day moving average price of $536.16. The company has a market capitalization of $37.29 billion, a PE ratio of 31.98, a P/E/G ratio of 2.42 and a beta of 1.09. MSCI Inc. has a twelve month low of $439.95 and a twelve month high of $617.39.
MSCI (NYSE:MSCI - Get Free Report) last issued its earnings results on Tuesday, April 23rd. The technology company reported $3.52 EPS for the quarter, beating the consensus estimate of $3.44 by $0.08. The company had revenue of $680.00 million during the quarter, compared to analysts' expectations of $685.47 million. MSCI had a net margin of 44.55% and a negative return on equity of 121.86%. The business's revenue for the quarter was up 14.8% compared to the same quarter last year. During the same period in the previous year, the company earned $3.14 EPS. On average, equities analysts anticipate that MSCI Inc. will post 14.66 EPS for the current year.
MSCI Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Friday, May 31st. Shareholders of record on Friday, May 17th will be given a $1.60 dividend. This represents a $6.40 dividend on an annualized basis and a yield of 1.36%. The ex-dividend date is Thursday, May 16th. MSCI's dividend payout ratio is presently 43.69%.
Insider Buying and Selling at MSCI
In related news, insider Scott A. Crum sold 9,000 shares of MSCI stock in a transaction that occurred on Tuesday, April 30th. The shares were sold at an average price of $471.69, for a total transaction of $4,245,210.00. Following the sale, the insider now directly owns 12,831 shares of the company's stock, valued at approximately $6,052,254.39. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, COO Cd Baer Pettit bought 7,500 shares of the company's stock in a transaction on Thursday, April 25th. The stock was purchased at an average cost of $459.41 per share, for a total transaction of $3,445,575.00. Following the completion of the transaction, the chief operating officer now owns 291,038 shares of the company's stock, valued at $133,705,767.58. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Scott A. Crum sold 9,000 shares of the business's stock in a transaction dated Tuesday, April 30th. The stock was sold at an average price of $471.69, for a total value of $4,245,210.00. Following the sale, the insider now owns 12,831 shares in the company, valued at $6,052,254.39. The disclosure for this sale can be found here. Company insiders own 3.20% of the company's stock.
Wall Street Analysts Forecast Growth
MSCI has been the topic of several research reports. The Goldman Sachs Group cut their price objective on shares of MSCI from $615.00 to $526.00 and set a "neutral" rating on the stock in a research report on Wednesday, April 24th. StockNews.com cut MSCI from a "buy" rating to a "hold" rating in a research note on Tuesday, February 20th. Morgan Stanley reduced their target price on shares of MSCI from $671.00 to $615.00 and set an "overweight" rating for the company in a report on Wednesday, April 24th. Wolfe Research assumed coverage on MSCI in a research note on Tuesday, March 26th. They issued a "peer perform" rating for the company. Finally, Royal Bank of Canada reiterated an "outperform" rating and issued a $638.00 target price on shares of MSCI in a research note on Friday, April 12th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $569.53.
Check Out Our Latest Research Report 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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