Fox Run Management L.L.C. purchased a new stake in MSCI Inc. (NYSE:MSCI - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 2,749 shares of the technology company's stock, valued at approximately $1,649,000.
Other large investors also recently bought and sold shares of the company. LRI Investments LLC increased its position in MSCI by 120.0% during the third quarter. LRI Investments LLC now owns 44 shares of the technology company's stock worth $27,000 after buying an additional 24 shares during the period. True Wealth Design LLC acquired a new position in shares of MSCI in the 3rd quarter valued at $38,000. Compagnie Lombard Odier SCmA purchased a new stake in MSCI in the 4th quarter valued at $41,000. Private Trust Co. NA boosted its stake in MSCI by 35.1% during the 3rd quarter. Private Trust Co. NA now owns 77 shares of the technology company's stock worth $45,000 after purchasing an additional 20 shares during the period. Finally, Y.D. More Investments Ltd grew its position in MSCI by 122.7% during the 4th quarter. Y.D. More Investments Ltd now owns 98 shares of the technology company's stock worth $59,000 after purchasing an additional 54 shares during the last quarter. Institutional investors and hedge funds own 89.97% of the company's stock.
Insider Buying and Selling at MSCI
In other MSCI news, CEO Henry A. Fernandez bought 5,300 shares of the company's stock in a transaction on Monday, February 24th. The shares were bought at an average cost of $574.51 per share, with a total value of $3,044,903.00. Following the completion of the acquisition, the chief executive officer now owns 1,269,951 shares of the company's stock, valued at approximately $729,599,549.01. This trade represents a 0.42 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 3.20% of the stock is currently owned by insiders.
MSCI Trading Down 0.9 %
Shares of MSCI traded down $5.27 during midday trading on Wednesday, reaching $569.35. 455,125 shares of the company were exchanged, compared to its average volume of 529,776. The company has a market cap of $44.21 billion, a price-to-earnings ratio of 40.49, a P/E/G ratio of 2.61 and a beta of 1.19. MSCI Inc. has a 1-year low of $439.95 and a 1-year high of $642.45. The stock has a 50-day moving average price of $581.43 and a 200-day moving average price of $588.84.
MSCI (NYSE:MSCI - Get Free Report) last issued its quarterly earnings data on Wednesday, January 29th. The technology company reported $4.18 EPS for the quarter, topping analysts' consensus estimates of $3.96 by $0.22. MSCI had a net margin of 38.83% and a negative return on equity of 156.08%. During the same period last year, the company posted $3.68 EPS. Equities research analysts anticipate that MSCI Inc. will post 16.86 earnings per share for the current year.
MSCI Increases Dividend
The firm also recently announced a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 14th were paid a dividend of $1.80 per share. This is a boost from MSCI's previous quarterly dividend of $1.60. This represents a $7.20 annualized dividend and a dividend yield of 1.26%. The ex-dividend date of this dividend was Friday, February 14th. MSCI's dividend payout ratio is 51.21%.
Analysts Set New Price Targets
Several equities analysts recently issued reports on MSCI shares. The Goldman Sachs Group upgraded MSCI from a "neutral" rating to a "buy" rating and boosted their price target for the company from $617.00 to $723.00 in a research report on Wednesday, December 18th. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $675.00 target price on shares of MSCI in a report on Thursday, January 30th. Wolfe Research raised MSCI from a "peer perform" rating to an "outperform" rating in a report on Thursday, December 12th. JPMorgan Chase & Co. reduced their price target on MSCI from $700.00 to $680.00 and set an "overweight" rating for the company in a report on Thursday, January 30th. Finally, Morgan Stanley boosted their target price 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. Three investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $649.23.
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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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