MSCI Inc. (NYSE:MSCI) Position Increased by Procyon Advisors LLC

Procyon Advisors LLC grew its holdings in shares of MSCI Inc. (NYSE:MSCI) by 11.2% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 2,175 shares of the technology company’s stock after purchasing an additional 219 shares during the period. Procyon Advisors LLC’s holdings in MSCI were worth $1,305,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Dimensional Fund Advisors LP boosted its position in MSCI by 15.6% during the 2nd quarter. Dimensional Fund Advisors LP now owns 254,415 shares of the technology company’s stock valued at $122,577,000 after purchasing an additional 34,351 shares during the period. Wealth Alliance acquired a new position in shares of MSCI during the second quarter valued at $279,000. Mercer Global Advisors Inc. ADV grew its position in shares of MSCI by 12.2% during the second quarter. Mercer Global Advisors Inc. ADV now owns 2,669 shares of the technology company’s stock worth $1,246,000 after acquiring an additional 291 shares during the last quarter. Meiji Yasuda Asset Management Co Ltd. increased its holdings in shares of MSCI by 24.6% in the 2nd quarter. Meiji Yasuda Asset Management Co Ltd. now owns 1,364 shares of the technology company’s stock worth $657,000 after acquiring an additional 269 shares during the period. Finally, Vanguard Personalized Indexing Management LLC lifted its position in MSCI by 22.8% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 7,453 shares of the technology company’s stock valued at $3,591,000 after purchasing an additional 1,383 shares during the last quarter. 89.97% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the stock. Evercore ISI initiated coverage on shares of MSCI in a research report on Wednesday, October 2nd. They issued an “outperform” rating and a $690.00 target price for the company. UBS Group decreased their price objective on MSCI from $695.00 to $680.00 and set a “buy” rating for the company in a report on Wednesday, October 30th. Redburn Atlantic raised MSCI from a “neutral” rating to a “buy” rating and set a $680.00 target price on the stock in a research note on Wednesday, October 9th. Wells Fargo & Company increased their price target on MSCI from $570.00 to $600.00 and gave the stock an “equal weight” rating in a research note on Friday, October 11th. Finally, The Goldman Sachs Group raised 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. Four investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $645.67.

Insider Activity

In other news, CEO Henry A. Fernandez acquired 2,900 shares of the firm’s stock in a transaction that occurred on Thursday, December 5th. The stock was purchased at an average price of $612.80 per share, with a total value of $1,777,120.00. Following the purchase, the chief executive officer now owns 330,379 shares of the company’s stock, valued at approximately $202,456,251.20. This trade represents a 0.89 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. 3.20% of the stock is currently owned by company insiders.

MSCI Price Performance

Shares of MSCI opened at $612.25 on Friday. The firm’s 50 day moving average is $603.57 and its 200-day moving average is $573.14. MSCI Inc. has a 12-month low of $439.95 and a 12-month high of $642.45. The stock has a market capitalization of $47.98 billion, a P/E ratio of 40.20, a P/E/G ratio of 2.61 and a beta of 1.11.

MSCI (NYSE:MSCI) last posted its quarterly earnings results on Tuesday, October 29th. The technology company reported $3.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.77 by $0.09. MSCI had a net margin of 43.06% and a negative return on equity of 162.06%. The firm had revenue of $724.70 million for the quarter, compared to analyst estimates of $716.15 million. During the same quarter in the previous year, the business posted $3.45 earnings per share. The firm’s quarterly revenue was up 15.9% compared to the same quarter last year. As a group, equities research analysts forecast that MSCI Inc. will post 14.99 EPS for the current fiscal year.

MSCI Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, November 29th. Stockholders of record on Friday, November 15th were given a dividend of $1.60 per share. This represents a $6.40 dividend on an annualized basis and a dividend yield of 1.05%. The ex-dividend date was Friday, November 15th. MSCI’s dividend payout ratio (DPR) is presently 42.02%.

MSCI Company 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.