Sanctuary Advisors LLC lifted its position in MSCI Inc. (NYSE:MSCI – Free Report) by 66.1% in the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 6,412 shares of the technology company’s stock after purchasing an additional 2,551 shares during the period. Sanctuary Advisors LLC’s holdings in MSCI were worth $3,780,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Principal Financial Group Inc. boosted its stake in shares of MSCI by 74.9% during the second quarter. Principal Financial Group Inc. now owns 1,456,194 shares of the technology company’s stock valued at $701,522,000 after purchasing an additional 623,712 shares in the last quarter. Edgewood Management LLC boosted its position in MSCI by 16.9% during the 3rd quarter. Edgewood Management LLC now owns 2,195,639 shares of the technology company’s stock valued at $1,279,904,000 after acquiring an additional 318,214 shares in the last quarter. Massachusetts Financial Services Co. MA increased its holdings in shares of MSCI by 14.3% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 1,587,723 shares of the technology company’s stock valued at $925,531,000 after acquiring an additional 198,666 shares during the period. Assenagon Asset Management S.A. raised its position in shares of MSCI by 358.3% in the 3rd quarter. Assenagon Asset Management S.A. now owns 133,636 shares of the technology company’s stock worth $77,900,000 after acquiring an additional 104,474 shares in the last quarter. Finally, Champlain Investment Partners LLC purchased a new stake in shares of MSCI during the 3rd quarter worth $56,101,000. Institutional investors own 89.97% of the company’s stock.
Analysts Set New Price Targets
Several research firms have issued reports on MSCI. Barclays lifted their target price on MSCI from $650.00 to $700.00 and gave the company an “overweight” rating in a research note on Friday, September 13th. Morgan Stanley boosted their price objective on shares of MSCI from $662.00 to $695.00 and gave the stock an “overweight” rating in a research note on Thursday, December 12th. Redburn Atlantic upgraded shares of MSCI from a “neutral” rating to a “buy” rating and set a $680.00 target price for the company in a research note on Wednesday, October 9th. Wolfe Research raised MSCI from a “peer perform” rating to an “outperform” rating in a research report on Thursday, December 12th. Finally, Wells Fargo & Company raised their price objective on MSCI from $570.00 to $600.00 and gave the stock an “equal weight” rating in a research report on Friday, October 11th. Six research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $634.58.
Insider Buying and Selling at MSCI
In related news, CEO Henry A. Fernandez purchased 2,900 shares of MSCI stock in a transaction that occurred on Thursday, December 5th. The stock was bought at an average cost of $612.80 per share, for a total transaction of $1,777,120.00. Following the completion of the transaction, the chief executive officer now owns 330,379 shares in the company, valued at $202,456,251.20. The trade was a 0.89 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. 3.20% of the stock is owned by corporate insiders.
MSCI Stock Down 1.0 %
Shares of NYSE:MSCI opened at $618.61 on Tuesday. MSCI Inc. has a 52-week low of $439.95 and a 52-week high of $642.45. The stock has a market cap of $48.48 billion, a price-to-earnings ratio of 40.62, a PEG ratio of 3.27 and a beta of 1.10. The business has a 50-day moving average price of $600.59 and a 200-day moving average price of $556.02.
MSCI (NYSE:MSCI – Get Free Report) last posted 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 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%. MSCI’s revenue for the quarter was up 15.9% compared to the same quarter last year. During the same period last year, the firm posted $3.45 EPS. As a group, equities analysts anticipate that MSCI Inc. will post 14.98 EPS for the current fiscal year.
MSCI Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Friday, November 29th. Investors of record on Friday, November 15th were given a dividend of $1.60 per share. The ex-dividend date was Friday, November 15th. This represents a $6.40 dividend on an annualized basis and a yield of 1.03%. MSCI’s dividend payout ratio is presently 42.02%.
About MSCI
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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