Envestnet Asset Management Inc. Has $163.65 Million Stock Position in MSCI Inc. (NYSE:MSCI)

Envestnet Asset Management Inc. trimmed its position in MSCI Inc. (NYSE:MSCI - Free Report) by 2.2% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 272,749 shares of the technology company's stock after selling 6,164 shares during the period. Envestnet Asset Management Inc. owned approximately 0.35% of MSCI worth $163,652,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in MSCI. LRI Investments LLC grew its stake in shares of MSCI by 120.0% in the 3rd 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 last quarter. Compagnie Lombard Odier SCmA bought a new stake in MSCI during the fourth quarter worth approximately $41,000. Y.D. More Investments Ltd grew its position in MSCI by 122.7% in the fourth quarter. Y.D. More Investments Ltd now owns 98 shares of the technology company's stock worth $59,000 after buying an additional 54 shares during the last quarter. Picton Mahoney Asset Management bought a new position in shares of MSCI in the fourth quarter valued at $60,000. Finally, Private Trust Co. NA lifted its position in shares of MSCI by 46.8% during the 4th quarter. Private Trust Co. NA now owns 113 shares of the technology company's stock valued at $68,000 after acquiring an additional 36 shares during the last quarter. 89.97% of the stock is owned by institutional investors.

MSCI Price Performance

MSCI stock traded up $14.49 during trading hours on Friday, hitting $542.26. The company had a trading volume of 464,559 shares, compared to its average volume of 569,462. The firm's fifty day moving average is $562.15 and its 200-day moving average is $586.71. The firm has a market capitalization of $42.11 billion, a P/E ratio of 38.57, a price-to-earnings-growth ratio of 2.61 and a beta of 1.30. MSCI Inc. has a fifty-two week low of $439.95 and a fifty-two week high of $642.45.

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MSCI (NYSE:MSCI - Get Free Report) last announced its quarterly earnings data on Wednesday, January 29th. The technology company reported $4.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.96 by $0.22. MSCI had a negative return on equity of 156.08% and a net margin of 38.83%. During the same quarter last year, the business earned $3.68 earnings per share. Analysts anticipate that MSCI Inc. will post 16.86 earnings per share for the current year.

MSCI Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 14th were issued a dividend of $1.80 per share. This represents a $7.20 annualized dividend and a dividend yield of 1.33%. This is a positive change from MSCI's previous quarterly dividend of $1.60. The ex-dividend date of this dividend was Friday, February 14th. MSCI's payout ratio is currently 51.21%.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on MSCI. Bank of America assumed coverage on MSCI in a report on Thursday. They issued a "neutral" rating and a $585.00 target price on the stock. Wells Fargo & Company dropped their price target on MSCI from $623.00 to $532.00 and set an "equal weight" rating on the stock in a research note on Wednesday. Royal Bank of Canada reaffirmed an "outperform" rating and set a $675.00 price objective on shares of MSCI in a research note on Thursday, January 30th. JPMorgan Chase & Co. decreased their target price on shares of MSCI from $700.00 to $680.00 and set an "overweight" rating for the company in a report on Thursday, January 30th. Finally, The Goldman Sachs Group upgraded shares of 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 report on Wednesday, December 18th. Three research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat, MSCI has an average rating of "Moderate Buy" and an average price target of $646.58.

Insider Activity at MSCI

In other MSCI news, CEO Henry A. Fernandez purchased 5,300 shares of the business's stock in a transaction dated Monday, February 24th. The shares were acquired at an average price of $574.51 per share, for a total transaction of $3,044,903.00. Following the acquisition, the chief executive officer now owns 1,269,951 shares of the company's stock, valued at $729,599,549.01. This trade represents a 0.42 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, COO Cd Baer Pettit sold 5,000 shares of the stock in a transaction on Friday, April 4th. The stock was sold at an average price of $524.25, for a total transaction of $2,621,250.00. Following the transaction, the chief operating officer now directly owns 294,787 shares in the company, valued at $154,542,084.75. The trade was a 1.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 3.31% of the stock is currently owned by company insiders.

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.