MSCI Inc. (NYSE:MSCI) Shares Purchased by Concurrent Investment Advisors LLC

Concurrent Investment Advisors LLC raised its holdings in MSCI Inc. (NYSE:MSCI) by 7.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 484 shares of the technology company’s stock after buying an additional 32 shares during the period. Concurrent Investment Advisors LLC’s holdings in MSCI were worth $290,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. CWA Asset Management Group LLC increased its stake in MSCI by 4.2% in the fourth quarter. CWA Asset Management Group LLC now owns 418 shares of the technology company’s stock valued at $251,000 after purchasing an additional 17 shares during the last quarter. Angeles Wealth Management LLC boosted its holdings in shares of MSCI by 3.6% in the 4th quarter. Angeles Wealth Management LLC now owns 492 shares of the technology company’s stock valued at $295,000 after buying an additional 17 shares in the last quarter. Bleakley Financial Group LLC grew its position in shares of MSCI by 0.9% in the 4th quarter. Bleakley Financial Group LLC now owns 2,044 shares of the technology company’s stock valued at $1,227,000 after buying an additional 19 shares during the last quarter. Planning Capital Management Corp raised 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 in the last quarter. Finally, Private Trust Co. NA lifted its position in MSCI by 35.1% in the third quarter. Private Trust Co. NA now owns 77 shares of the technology company’s stock valued at $45,000 after acquiring an additional 20 shares during the last quarter. 89.97% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

MSCI has been the topic of several research reports. The Goldman Sachs Group raised MSCI from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $617.00 to $723.00 in a report on Wednesday, December 18th. UBS Group dropped their price target on MSCI from $695.00 to $680.00 and set a “buy” rating on the stock in a research note on Wednesday, October 30th. Barclays reduced their price objective on MSCI from $700.00 to $675.00 and set an “overweight” rating for the company in a research note on Thursday, January 30th. Wolfe Research upgraded shares of MSCI from a “peer perform” rating to an “outperform” rating in a research report on Thursday, December 12th. Finally, Royal Bank of Canada reiterated an “outperform” rating and issued a $675.00 price target on shares of MSCI in a research report 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 data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $649.23.

MSCI Stock Up 1.9 %

MSCI stock opened at $584.55 on Wednesday. The firm has a market capitalization of $45.39 billion, a PE ratio of 41.58, a P/E/G ratio of 2.61 and a beta of 1.11. The firm’s 50-day simple moving average is $594.80 and its 200 day simple moving average is $589.05. MSCI Inc. has a 52 week low of $439.95 and a 52 week high of $642.45.

MSCI (NYSE:MSCI) last issued its quarterly earnings data on Wednesday, January 29th. The technology company reported $4.18 earnings per share for the quarter, topping analysts’ consensus estimates of $3.96 by $0.22. MSCI had a net margin of 38.83% and a negative return on equity of 156.08%. During the same quarter in the previous year, the business posted $3.68 earnings per share. On average, research analysts expect that MSCI Inc. will post 16.86 EPS for the current fiscal year.

MSCI Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, February 28th. Investors of record on Friday, February 14th will be paid a $1.80 dividend. This is an increase from MSCI’s previous quarterly dividend of $1.60. The ex-dividend date of this dividend is Friday, February 14th. This represents a $7.20 annualized dividend and a yield of 1.23%. MSCI’s payout ratio is presently 51.21%.

Insiders Place Their Bets

In related news, CEO Henry A. Fernandez purchased 5,300 shares of the business’s stock in a transaction on Monday, February 24th. The shares were bought at an average price of $574.51 per share, with a total value of $3,044,903.00. Following the completion of the purchase, the chief executive officer now directly owns 1,269,951 shares in the company, valued at approximately $729,599,549.01. This trade represents a 0.42 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink. 3.20% of the stock is owned by corporate insiders.

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.