Canoe Financial LP boosted its position in MSCI Inc. (NYSE:MSCI - Free Report) by 700.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 186,131 shares of the technology company's stock after buying an additional 162,877 shares during the period. MSCI makes up approximately 1.6% of Canoe Financial LP's investment portfolio, making the stock its 24th largest holding. Canoe Financial LP owned 0.24% of MSCI worth $111,680,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently bought and sold shares of the business. B & T Capital Management DBA Alpha Capital Management boosted its stake in shares of MSCI by 1.1% in the fourth quarter. B & T Capital Management DBA Alpha Capital Management now owns 7,292 shares of the technology company's stock worth $4,375,000 after buying an additional 80 shares during the last quarter. Trivant Custom Portfolio Group LLC grew its stake in shares of MSCI by 0.6% during the 4th quarter. Trivant Custom Portfolio Group LLC now owns 3,325 shares of the technology company's stock worth $1,995,000 after purchasing an additional 21 shares during the period. Merit Financial Group LLC increased its holdings in shares of MSCI by 76.3% during the 4th quarter. Merit Financial Group LLC now owns 2,992 shares of the technology company's stock valued at $1,795,000 after purchasing an additional 1,295 shares in the last quarter. Avanza Fonder AB acquired a new position in shares of MSCI in the 4th quarter valued at $3,308,000. Finally, Procyon Advisors LLC boosted its stake in shares of MSCI by 11.2% during the 4th quarter. Procyon Advisors LLC now owns 2,175 shares of the technology company's stock worth $1,305,000 after acquiring an additional 219 shares in the last quarter. Institutional investors and hedge funds own 89.97% of the company's stock.
MSCI Stock Performance
Shares of MSCI stock traded up $2.28 during trading hours on Friday, reaching $612.25. 311,715 shares of the company were exchanged, compared to its average volume of 343,033. MSCI Inc. has a 1 year low of $439.95 and a 1 year high of $642.45. The firm has a market cap of $47.98 billion, a PE ratio of 40.20, a PEG ratio of 2.61 and a beta of 1.11. The stock's fifty day moving average is $603.93 and its 200 day moving average is $574.64.
MSCI (NYSE:MSCI - Get Free Report) last announced its quarterly earnings data on Tuesday, October 29th. The technology company reported $3.86 EPS for the quarter, topping analysts' consensus estimates of $3.77 by $0.09. The business had revenue of $724.70 million during the quarter, compared to the consensus estimate of $716.15 million. MSCI had a negative return on equity of 162.06% and a net margin of 43.06%. The business's revenue for the quarter was up 15.9% on a year-over-year basis. During the same period in the previous year, the company posted $3.45 earnings per share. Research analysts expect that MSCI Inc. will post 14.99 earnings per share for the current year.
MSCI Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Friday, November 29th. Investors of record on Friday, November 15th were given a $1.60 dividend. This represents a $6.40 dividend on an annualized basis and a dividend yield of 1.05%. The ex-dividend date of this dividend was Friday, November 15th. MSCI's dividend payout ratio (DPR) is 42.02%.
Insider Buying and Selling at MSCI
In other MSCI news, CEO Henry A. Fernandez acquired 2,900 shares of the stock in a transaction on Thursday, December 5th. The shares were bought at an average price of $612.80 per share, with a total value of $1,777,120.00. Following the acquisition, the chief executive officer now owns 330,379 shares of the company's stock, valued at $202,456,251.20. This trade represents a 0.89 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 3.20% of the company's stock.
Analyst Ratings Changes
Several equities analysts have issued reports on MSCI shares. Evercore ISI started coverage on shares of MSCI in a report on Wednesday, October 2nd. They set an "outperform" rating and a $690.00 price objective on the stock. Wolfe Research raised shares of MSCI from a "peer perform" rating to an "outperform" rating in a research note on Thursday, December 12th. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $638.00 price target on shares of MSCI in a report on Wednesday, October 30th. Morgan Stanley boosted their price objective on MSCI from $662.00 to $695.00 and gave the stock an "overweight" rating in a research note on Thursday, December 12th. Finally, The Goldman Sachs Group upgraded MSCI from a "neutral" rating to a "buy" rating and lifted their price target for the stock from $617.00 to $723.00 in a report on Wednesday, December 18th. Four investment analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat, MSCI has an average rating of "Moderate Buy" and a consensus target price of $645.67.
Read Our Latest Analysis on MSCI
About MSCI
(
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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