ORG Wealth Partners LLC grew its holdings in MSCI Inc. (NYSE:MSCI – Free Report) by 8.9% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 807 shares of the technology company’s stock after acquiring an additional 66 shares during the period. ORG Wealth Partners LLC’s holdings in MSCI were worth $484,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds also recently made changes to their positions in the business. HWG Holdings LP bought a new position in shares of MSCI during the second quarter worth approximately $27,000. LRI Investments LLC increased its stake in MSCI by 120.0% during the 3rd 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 period. True Wealth Design LLC bought a new position in MSCI during the 3rd quarter worth $38,000. Ashton Thomas Securities LLC bought a new position in MSCI during the 3rd quarter worth $40,000. Finally, Planning Capital Management Corp increased its stake in MSCI by 35.1% during the 3rd quarter. Planning Capital Management Corp now owns 77 shares of the technology company’s stock worth $45,000 after acquiring an additional 20 shares during the period. 89.97% of the stock is owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
A number of equities research analysts have weighed in on MSCI shares. Wells Fargo & Company raised their target price on MSCI from $570.00 to $600.00 and gave the company an “equal weight” rating in a report on Friday, October 11th. Barclays raised their target price on MSCI from $650.00 to $700.00 and gave the company an “overweight” rating in a report on Friday, September 13th. Morgan Stanley raised their target price on MSCI from $662.00 to $695.00 and gave the company an “overweight” rating in a report on Thursday, December 12th. Wolfe Research raised MSCI from a “peer perform” rating to an “outperform” rating in a report on Thursday, December 12th. Finally, UBS Group cut 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. Four investment analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to MarketBeat, MSCI currently has an average rating of “Moderate Buy” and a consensus price target of $645.67.
Insider Buying and Selling
In other news, CEO Henry A. Fernandez bought 2,900 shares of the company’s stock in a transaction dated Thursday, December 5th. The shares were purchased at an average price of $612.80 per share, for a total transaction of $1,777,120.00. Following the completion of the purchase, the chief executive officer now owns 330,379 shares in the company, valued at approximately $202,456,251.20. This represents a 0.89 % increase in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 3.20% of the stock is currently owned by insiders.
MSCI Trading Down 4.1 %
Shares of MSCI stock traded down $24.87 during mid-day trading on Friday, reaching $577.36. The stock had a trading volume of 145,109 shares, compared to its average volume of 331,929. The stock’s 50-day moving average price is $602.60 and its two-hundred day moving average price is $569.53. MSCI Inc. has a 52-week low of $439.95 and a 52-week high of $642.45. The firm has a market capitalization of $45.25 billion, a PE ratio of 37.91, a price-to-earnings-growth ratio of 3.21 and a beta of 1.11.
MSCI (NYSE:MSCI – Get Free Report) last announced its earnings results on Tuesday, October 29th. The technology company reported $3.86 earnings per share for the quarter, beating 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 net margin of 43.06% and a negative return on equity of 162.06%. The company’s revenue for the quarter was up 15.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $3.45 EPS. On average, equities research analysts forecast that MSCI Inc. will post 14.98 earnings per share for the current year.
MSCI Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 29th. Investors of record on Friday, November 15th were paid a dividend of $1.60 per share. This represents a $6.40 annualized dividend and a yield of 1.11%. The ex-dividend date of this dividend was Friday, November 15th. MSCI’s payout ratio is currently 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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