MSCI Inc. (NYSE:MSCI) Shares Purchased by SteelPeak Wealth LLC

SteelPeak Wealth LLC increased its stake in shares of MSCI Inc. (NYSE:MSCI) by 4.4% during the 1st quarter, according to its most recent filing with the SEC. The institutional investor owned 1,253 shares of the technology company’s stock after acquiring an additional 53 shares during the period. SteelPeak Wealth LLC’s holdings in MSCI were worth $702,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Parkside Financial Bank & Trust raised its position in shares of MSCI by 12.2% in the 4th quarter. Parkside Financial Bank & Trust now owns 165 shares of the technology company’s stock valued at $93,000 after purchasing an additional 18 shares in the last quarter. Legacy Advisors LLC raised its position in shares of MSCI by 2.8% in the 4th quarter. Legacy Advisors LLC now owns 664 shares of the technology company’s stock valued at $376,000 after purchasing an additional 18 shares in the last quarter. Quent Capital LLC raised its position in shares of MSCI by 23.5% in the 4th quarter. Quent Capital LLC now owns 100 shares of the technology company’s stock valued at $57,000 after purchasing an additional 19 shares in the last quarter. Sompo Asset Management Co. Ltd. raised its position in shares of MSCI by 1.0% in the 4th quarter. Sompo Asset Management Co. Ltd. now owns 2,080 shares of the technology company’s stock valued at $1,177,000 after purchasing an additional 20 shares in the last quarter. Finally, QRG Capital Management Inc. raised its position in shares of MSCI by 0.6% in the 4th quarter. QRG Capital Management Inc. now owns 3,781 shares of the technology company’s stock valued at $2,139,000 after purchasing an additional 23 shares in the last quarter. 89.97% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at MSCI

In other news, insider Scott A. Crum sold 9,000 shares of the stock in a transaction on Tuesday, April 30th. The stock was sold at an average price of $471.69, for a total value of $4,245,210.00. Following the completion of the transaction, the insider now owns 12,831 shares of the company’s stock, valued at $6,052,254.39. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, COO Cd Baer Pettit bought 7,500 shares of the firm’s stock in a transaction that occurred on Thursday, April 25th. The stock was acquired at an average price of $459.41 per share, with a total value of $3,445,575.00. Following the completion of the purchase, the chief operating officer now directly owns 291,038 shares of the company’s stock, valued at approximately $133,705,767.58. The acquisition was disclosed in a filing with the SEC, which is available at this link. Also, insider Scott A. Crum sold 9,000 shares of the firm’s stock in a transaction dated Tuesday, April 30th. The shares were sold at an average price of $471.69, for a total value of $4,245,210.00. Following the transaction, the insider now directly owns 12,831 shares of the company’s stock, valued at approximately $6,052,254.39. The disclosure for this sale can be found here. Company insiders own 3.20% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have issued reports on MSCI. Oppenheimer reaffirmed a “market perform” rating on shares of MSCI in a research report on Wednesday, April 24th. Deutsche Bank Aktiengesellschaft raised MSCI from a “hold” rating to a “buy” rating and dropped their price target for the company from $613.00 to $569.00 in a research report on Wednesday, April 24th. The Goldman Sachs Group dropped their price target on MSCI from $615.00 to $526.00 and set a “neutral” rating on the stock in a research report on Wednesday, April 24th. Bank of America raised MSCI from an “underperform” rating to a “neutral” rating and upped their price target for the company from $425.00 to $525.00 in a research report on Tuesday, April 30th. Finally, Morgan Stanley dropped their price target on MSCI from $671.00 to $615.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 24th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and ten have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $570.53.

MSCI Trading Down 1.0 %

MSCI traded down $5.06 during trading on Friday, reaching $481.75. 829,873 shares of the company were exchanged, compared to its average volume of 511,823. The stock has a market cap of $38.16 billion, a P/E ratio of 32.88, a PEG ratio of 2.49 and a beta of 1.11. The firm has a 50 day moving average of $485.29 and a 200 day moving average of $530.92. MSCI Inc. has a 52 week low of $439.95 and a 52 week high of $617.39.

MSCI (NYSE:MSCI) last released its quarterly earnings results on Tuesday, April 23rd. The technology company reported $3.52 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.44 by $0.08. MSCI had a negative return on equity of 121.86% and a net margin of 44.55%. The company had revenue of $680.00 million during the quarter, compared to analysts’ expectations of $685.47 million. During the same quarter in the prior year, the business posted $3.14 earnings per share. The company’s revenue for the quarter was up 14.8% compared to the same quarter last year. As a group, analysts forecast that MSCI Inc. will post 14.66 earnings per share for the current fiscal year.

MSCI Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, May 31st. Stockholders of record on Friday, May 17th were paid a $1.60 dividend. The ex-dividend date was Thursday, May 16th. This represents a $6.40 annualized dividend and a dividend yield of 1.33%. MSCI’s payout ratio is 43.69%.

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.