Geode Capital Management LLC Has $1.08 Billion Stake in MSCI Inc. (NYSE:MSCI)

Geode Capital Management LLC increased its position in MSCI Inc. (NYSE:MSCI - Free Report) by 0.7% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 1,862,362 shares of the technology company's stock after purchasing an additional 13,691 shares during the period. Geode Capital Management LLC owned 2.38% of MSCI worth $1,082,594,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the company. Rothschild Investment LLC acquired a new position in MSCI in the 2nd quarter valued at about $26,000. HWG Holdings LP purchased a new stake in shares of MSCI during the second quarter worth approximately $27,000. LRI Investments LLC lifted its holdings in shares of 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 purchasing an additional 24 shares during the period. True Wealth Design LLC acquired a new position in MSCI in the 3rd quarter valued at $38,000. Finally, Ridgewood Investments LLC purchased a new position in MSCI during the 2nd quarter worth $40,000. 89.97% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

MSCI has been the topic of several analyst reports. Evercore ISI assumed coverage on shares of MSCI in a report on Wednesday, October 2nd. They issued an "outperform" rating and a $690.00 target price on the stock. Barclays boosted their target price on MSCI from $650.00 to $700.00 and gave the stock an "overweight" rating in a research report on Friday, September 13th. Royal Bank of Canada reissued an "outperform" rating and issued a $638.00 price target on shares of MSCI in a report on Wednesday, October 30th. UBS Group dropped their price objective on MSCI from $695.00 to $680.00 and set a "buy" rating on the stock in a report on Wednesday, October 30th. Finally, Wells Fargo & Company increased their price target on shares of MSCI from $570.00 to $600.00 and gave the company an "equal weight" rating in a report on Friday, October 11th. Seven research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $631.83.

Insider Buying and Selling

In other news, CEO Henry A. Fernandez acquired 2,900 shares of the business's stock in a transaction dated Thursday, December 5th. The stock was acquired at an average price of $612.80 per share, for a total transaction of $1,777,120.00. Following the completion of the acquisition, the chief executive officer now directly owns 330,379 shares in the company, valued at $202,456,251.20. This represents a 0.89 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this link. 3.20% of the stock is owned by company insiders.

MSCI Price Performance

MSCI traded up $0.07 during trading hours on Wednesday, reaching $629.08. 455,048 shares of the stock traded hands, compared to its average volume of 536,407. MSCI Inc. has a fifty-two week low of $439.95 and a fifty-two week high of $638.76. The company has a market cap of $49.30 billion, a price-to-earnings ratio of 41.45, a PEG ratio of 3.21 and a beta of 1.10. The firm's fifty day simple moving average is $597.47 and its two-hundred day simple moving average is $552.22.

MSCI (NYSE:MSCI - Get Free Report) last announced its quarterly earnings data on Tuesday, October 29th. The technology company reported $3.86 earnings per share for the quarter, topping the consensus estimate of $3.77 by $0.09. The company had revenue of $724.70 million during the quarter, compared to analyst estimates of $716.15 million. MSCI had a net margin of 43.06% and a negative return on equity of 162.06%. The firm's revenue for the quarter was up 15.9% compared to the same quarter last year. During the same period last year, the business earned $3.45 EPS. On average, research analysts predict that MSCI Inc. will post 14.98 earnings per share for the current year.

MSCI Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, November 29th. Investors of record on Friday, November 15th were issued a $1.60 dividend. This represents a $6.40 annualized dividend and a dividend yield of 1.02%. The ex-dividend date was Friday, November 15th. MSCI's dividend payout ratio (DPR) is 42.02%.

MSCI Company 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.