City Holding Co. Has $1.68 Million Holdings in MSCI Inc. (NYSE:MSCI)

City Holding Co. lessened its position in MSCI Inc. (NYSE:MSCI - Free Report) by 14.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,799 shares of the technology company's stock after selling 479 shares during the period. City Holding Co.'s holdings in MSCI were worth $1,679,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of MSCI. Frank Rimerman Advisors LLC raised its stake in shares of MSCI by 0.9% in the 3rd quarter. Frank Rimerman Advisors LLC now owns 1,968 shares of the technology company's stock worth $1,147,000 after buying an additional 17 shares in the last quarter. CWA Asset Management Group LLC grew its stake in shares of MSCI by 4.2% in the 4th quarter. CWA Asset Management Group LLC now owns 418 shares of the technology company's stock worth $251,000 after purchasing an additional 17 shares during the last quarter. Planning Capital Management Corp lifted its stake in MSCI by 35.1% during the third quarter. Planning Capital Management Corp now owns 77 shares of the technology company's stock valued at $45,000 after purchasing an additional 20 shares during the last quarter. Private Trust Co. NA boosted its holdings in MSCI by 35.1% during the third quarter. Private Trust Co. NA now owns 77 shares of the technology company's stock worth $45,000 after buying an additional 20 shares in the last quarter. Finally, Trivant Custom Portfolio Group LLC grew its position in MSCI by 0.6% in the fourth quarter. Trivant Custom Portfolio Group LLC now owns 3,325 shares of the technology company's stock worth $1,995,000 after buying an additional 21 shares during the last quarter. 89.97% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on MSCI. Wolfe Research upgraded MSCI from a "peer perform" rating to an "outperform" rating in a report on Thursday, December 12th. Wells Fargo & Company lifted their target price on shares of MSCI from $570.00 to $600.00 and gave the stock an "equal weight" rating in a research report on Friday, October 11th. UBS Group reduced their price target on shares of MSCI from $695.00 to $680.00 and set a "buy" rating for the company in a research report on Wednesday, October 30th. Morgan Stanley lifted their price objective on shares of MSCI from $662.00 to $695.00 and gave the stock an "overweight" rating in a research report on Thursday, December 12th. Finally, Evercore ISI began coverage on MSCI in a research note on Wednesday, October 2nd. They set an "outperform" rating and a $690.00 target price on the stock. Four investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $645.67.

Insider Activity at MSCI

In other news, CEO Henry A. Fernandez acquired 2,900 shares of the company's stock in a transaction on Thursday, December 5th. The stock was purchased at an average cost 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 position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 3.20% of the stock is owned by insiders.

MSCI Stock Performance

Shares of MSCI traded up $2.28 during mid-day trading on Monday, hitting $612.25. The company's stock had a trading volume of 311,715 shares, compared to its average volume of 343,033. MSCI Inc. has a one year low of $439.95 and a one year high of $642.45. The stock's 50-day moving average is $603.93 and its two-hundred day moving average is $575.23. The firm has a market capitalization of $47.98 billion, a PE ratio of 40.20, a price-to-earnings-growth ratio of 2.61 and a beta of 1.11.

MSCI (NYSE:MSCI - Get Free Report) last issued its quarterly earnings results on Tuesday, October 29th. The technology company reported $3.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.77 by $0.09. The firm had revenue of $724.70 million for the quarter, compared to analyst estimates of $716.15 million. MSCI had a negative return on equity of 162.06% and a net margin of 43.06%. The company's quarterly revenue was up 15.9% compared to the same quarter last year. During the same period in the previous year, the company posted $3.45 earnings per share. Analysts expect that MSCI Inc. will post 14.99 EPS for the current fiscal year.

MSCI Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 29th. Shareholders of record on Friday, November 15th were issued a dividend of $1.60 per share. This represents a $6.40 dividend on an annualized basis and a yield of 1.05%. The ex-dividend date of this dividend was Friday, November 15th. MSCI's payout ratio is 42.02%.

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.