Los Angeles Capital Management LLC Has $145.22 Million Stock Holdings in MSCI Inc. (NYSE:MSCI)

Los Angeles Capital Management LLC lifted its holdings in shares of MSCI Inc. (NYSE:MSCIFree Report) by 14.9% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 259,108 shares of the technology company’s stock after buying an additional 33,532 shares during the period. Los Angeles Capital Management LLC owned about 0.33% of MSCI worth $145,217,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of MSCI. PNC Financial Services Group Inc. boosted its stake in shares of MSCI by 18.6% during the 3rd quarter. PNC Financial Services Group Inc. now owns 14,524 shares of the technology company’s stock worth $7,452,000 after buying an additional 2,274 shares during the last quarter. Kestra Advisory Services LLC lifted its stake in MSCI by 56.4% in the 3rd quarter. Kestra Advisory Services LLC now owns 1,899 shares of the technology company’s stock valued at $974,000 after purchasing an additional 685 shares during the last quarter. QRG Capital Management Inc. acquired a new stake in MSCI in the 3rd quarter valued at about $1,928,000. Envestnet Portfolio Solutions Inc. acquired a new stake in MSCI in the 3rd quarter valued at about $3,788,000. Finally, Envestnet Asset Management Inc. lifted its stake in MSCI by 43.2% in the 3rd quarter. Envestnet Asset Management Inc. now owns 203,156 shares of the technology company’s stock valued at $104,235,000 after purchasing an additional 61,313 shares during the last quarter. 89.97% of the stock is currently owned by institutional investors and hedge funds.

MSCI Stock Down 1.7 %

Shares of MSCI traded down $8.26 during mid-day trading on Wednesday, hitting $476.52. 732,689 shares of the company’s stock were exchanged, compared to its average volume of 579,027. MSCI Inc. has a 52 week low of $439.95 and a 52 week high of $617.39. The stock’s 50-day simple moving average is $490.67 and its 200-day simple moving average is $532.95. The firm has a market cap of $37.75 billion, a price-to-earnings ratio of 32.53, a price-to-earnings-growth ratio of 2.50 and a beta of 1.11.

MSCI (NYSE:MSCIGet Free Report) last announced its earnings results on Tuesday, April 23rd. The technology company reported $3.52 EPS for the quarter, topping the consensus estimate of $3.44 by $0.08. The company had revenue of $680.00 million for the quarter, compared to analysts’ expectations of $685.47 million. MSCI had a net margin of 44.55% and a negative return on equity of 121.86%. The business’s revenue for the quarter was up 14.8% on a year-over-year basis. During the same period last year, the firm earned $3.14 earnings per share. Analysts forecast that MSCI Inc. will post 14.66 earnings per share for the current fiscal year.

MSCI Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, May 31st. Shareholders of record on Friday, May 17th were paid a dividend of $1.60 per share. The ex-dividend date of this dividend was Thursday, May 16th. This represents a $6.40 dividend on an annualized basis and a dividend yield of 1.34%. MSCI’s payout ratio is presently 43.69%.

Insiders Place Their Bets

In other MSCI news, insider Scott A. Crum sold 9,000 shares of the business’s stock in a transaction on Tuesday, April 30th. The shares were sold at an average price of $471.69, for a total transaction of $4,245,210.00. Following the sale, the insider now owns 12,831 shares of the company’s stock, valued at $6,052,254.39. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other MSCI news, insider Scott A. Crum sold 9,000 shares of the business’s stock in a transaction on Tuesday, April 30th. The shares were sold at an average price of $471.69, for a total transaction of $4,245,210.00. Following the sale, the insider now owns 12,831 shares of the company’s stock, valued at $6,052,254.39. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Henry A. Fernandez bought 13,000 shares of the firm’s stock in a transaction on Thursday, April 25th. The shares were bought at an average cost of $465.92 per share, for a total transaction of $6,056,960.00. Following the purchase, the chief executive officer now owns 327,479 shares of the company’s stock, valued at approximately $152,579,015.68. The disclosure for this purchase can be found here. Insiders own 3.20% of the company’s stock.

Wall Street Analyst Weigh In

MSCI has been the subject of several recent analyst reports. Redburn Atlantic upgraded shares of MSCI from a “neutral” rating to a “buy” rating and set a $485.00 target price for the company in a research note on Monday, May 13th. Oppenheimer reiterated a “market perform” rating on shares of MSCI in a research note on Wednesday, April 24th. The Goldman Sachs Group cut their target price on shares of MSCI from $615.00 to $526.00 and set a “neutral” rating for the company in a research note on Wednesday, April 24th. Barclays lowered their price target on shares of MSCI from $700.00 to $600.00 and set an “overweight” rating on the stock in a report on Wednesday, April 24th. Finally, Deutsche Bank Aktiengesellschaft raised shares of MSCI from a “hold” rating to a “buy” rating and lowered their price target for the company from $613.00 to $569.00 in a report on Wednesday, April 24th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $570.53.

Get Our Latest Stock Analysis on MSCI

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.

See Also

Institutional Ownership by Quarter for MSCI (NYSE:MSCI)

Receive News & Ratings for MSCI Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for MSCI and related companies with MarketBeat.com's FREE daily email newsletter.