MSCI Inc. (NYSE:MSCI) Position Lessened by Overbrook Management Corp

Overbrook Management Corp reduced its holdings in MSCI Inc. (NYSE:MSCI - Free Report) by 4.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 18,422 shares of the technology company's stock after selling 770 shares during the period. MSCI comprises 2.4% of Overbrook Management Corp's holdings, making the stock its 16th biggest position. Overbrook Management Corp's holdings in MSCI were worth $11,053,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. LRI Investments LLC boosted its stake in shares of MSCI by 120.0% in the third quarter. LRI Investments LLC now owns 44 shares of the technology company's stock worth $27,000 after acquiring an additional 24 shares during the last quarter. HWG Holdings LP acquired a new position in shares of MSCI during the 2nd quarter worth approximately $27,000. True Wealth Design LLC purchased a new stake in shares of MSCI in the third quarter valued at approximately $38,000. Ashton Thomas Securities LLC acquired a new stake in shares of MSCI in the third quarter valued at approximately $40,000. Finally, Planning Capital Management Corp lifted its position in MSCI by 35.1% during the third quarter. Planning Capital Management Corp now owns 77 shares of the technology company's stock worth $45,000 after buying an additional 20 shares in the last quarter. 89.97% of the stock is owned by institutional investors and hedge funds.

Insider Activity at MSCI

In other MSCI news, CEO Henry A. Fernandez purchased 2,900 shares of the firm's stock in a transaction that occurred 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 transaction, the chief executive officer now owns 330,379 shares in the company, valued at approximately $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 SEC, which can be accessed through this link. 3.20% of the stock is owned by insiders.

MSCI Stock Up 0.4 %

Shares of MSCI stock traded up $2.28 during trading on Monday, hitting $612.25. 311,715 shares of the company were exchanged, compared to its average volume of 343,033. The stock has a market capitalization of $47.98 billion, a price-to-earnings ratio of 40.20, a P/E/G ratio of 2.61 and a beta of 1.11. MSCI Inc. has a fifty-two week low of $439.95 and a fifty-two week high of $642.45. The firm has a 50 day moving average price of $603.93 and a 200 day moving average price of $575.23.

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, topping analysts' consensus estimates 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 firm's quarterly revenue was up 15.9% on a year-over-year basis. During the same period last year, the company earned $3.45 EPS. Analysts predict that MSCI Inc. will post 14.99 earnings per share for the current year.

MSCI Dividend Announcement

The company 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 annualized dividend and a dividend yield of 1.05%. The ex-dividend date was Friday, November 15th. MSCI's dividend payout ratio (DPR) is currently 42.02%.

Wall Street Analyst Weigh In

Several analysts have issued reports on the company. Evercore ISI began coverage on MSCI in a report on Wednesday, October 2nd. They issued an "outperform" rating and a $690.00 target price for the company. Royal Bank of Canada reiterated an "outperform" rating and issued a $638.00 target price on shares of MSCI in a report on Wednesday, October 30th. Morgan Stanley raised their target price on MSCI from $662.00 to $695.00 and gave the stock an "overweight" rating in a research note on Thursday, December 12th. The Goldman Sachs Group upgraded shares of MSCI from a "neutral" rating to a "buy" rating and upped their price objective for the stock from $617.00 to $723.00 in a report on Wednesday, December 18th. Finally, Redburn Atlantic raised shares of MSCI from a "neutral" rating to a "buy" rating and set a $680.00 price objective for the company in a research note on Wednesday, October 9th. Four equities research 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 stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $645.67.

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.