Fortis Capital Management LLC lifted its position in MSCI Inc. (NYSE:MSCI – Free Report) by 1.9% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 8,227 shares of the technology company’s stock after acquiring an additional 151 shares during the quarter. Fortis Capital Management LLC’s holdings in MSCI were worth $4,936,000 as of its most recent SEC filing.
Several other hedge funds also recently made changes to their positions in MSCI. LRI Investments LLC lifted its holdings in shares of MSCI by 120.0% in the 3rd quarter. LRI Investments LLC now owns 44 shares of the technology company’s stock worth $27,000 after purchasing an additional 24 shares during the last quarter. True Wealth Design LLC bought a new stake in shares of MSCI in the 3rd quarter worth approximately $38,000. Compagnie Lombard Odier SCmA bought a new stake in shares of MSCI in the 4th quarter worth approximately $41,000. Private Trust Co. NA lifted its holdings in shares of MSCI by 35.1% in the 3rd quarter. Private Trust Co. NA now owns 77 shares of the technology company’s stock worth $45,000 after purchasing an additional 20 shares during the last quarter. Finally, Y.D. More Investments Ltd lifted its holdings in shares of MSCI by 122.7% in the 4th quarter. Y.D. More Investments Ltd now owns 98 shares of the technology company’s stock worth $59,000 after purchasing an additional 54 shares during the last quarter. Institutional investors and hedge funds own 89.97% of the company’s stock.
Insider Buying and Selling
In related news, CEO Henry A. Fernandez bought 5,300 shares of the firm’s stock in a transaction that occurred on Monday, February 24th. The shares were acquired at an average cost of $574.51 per share, for a total transaction of $3,044,903.00. Following the acquisition, the chief executive officer now directly owns 1,269,951 shares of the company’s stock, valued at $729,599,549.01. The trade was a 0.42 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link. Insiders own 3.20% of the company’s stock.
MSCI Stock Performance
MSCI (NYSE:MSCI – Get Free Report) last issued its earnings results on Wednesday, January 29th. The technology company reported $4.18 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.96 by $0.22. MSCI had a negative return on equity of 156.08% and a net margin of 38.83%. During the same period in the previous year, the business posted $3.68 EPS. On average, equities research analysts forecast that MSCI Inc. will post 16.86 EPS for the current fiscal year.
MSCI Increases Dividend
The business also recently announced a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 14th were issued a $1.80 dividend. This represents a $7.20 dividend on an annualized basis and a dividend yield of 1.28%. This is a boost from MSCI’s previous quarterly dividend of $1.60. The ex-dividend date was Friday, February 14th. MSCI’s payout ratio is presently 51.21%.
Analysts Set New Price Targets
Several brokerages have weighed in on MSCI. The Goldman Sachs Group raised MSCI from a “neutral” rating to a “buy” rating and lifted their target price for the company from $617.00 to $723.00 in a research note on Wednesday, December 18th. Barclays cut their target price on MSCI from $700.00 to $675.00 and set an “overweight” rating on the stock in a research note on Thursday, January 30th. Wolfe Research raised MSCI from a “peer perform” rating to an “outperform” rating in a research note on Thursday, December 12th. Morgan Stanley lifted their target price on MSCI from $662.00 to $695.00 and gave the company an “overweight” rating in a research note on Thursday, December 12th. Finally, JPMorgan Chase & Co. cut their target price on MSCI from $700.00 to $680.00 and set an “overweight” rating on the stock in a research note on Thursday, January 30th. Three analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $649.23.
Read Our Latest Research Report on MSCI
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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