Dock Street Asset Management Inc. Has $23.61 Million Stake in MSCI Inc. (NYSE:MSCI)

Dock Street Asset Management Inc. grew its holdings in MSCI Inc. (NYSE:MSCI) by 1.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 39,346 shares of the technology company’s stock after purchasing an additional 405 shares during the quarter. MSCI comprises about 2.8% of Dock Street Asset Management Inc.’s investment portfolio, making the stock its 13th largest position. Dock Street Asset Management Inc. owned 0.05% of MSCI worth $23,608,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in MSCI. Edgewood Management LLC increased its holdings in shares of MSCI by 16.9% in the third quarter. Edgewood Management LLC now owns 2,195,639 shares of the technology company’s stock valued at $1,279,904,000 after purchasing an additional 318,214 shares in the last quarter. Massachusetts Financial Services Co. MA increased its stake in shares of MSCI by 14.3% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 1,587,723 shares of the technology company’s stock valued at $925,531,000 after buying an additional 198,666 shares during the period. Canoe Financial LP raised its position in shares of MSCI by 700.4% during the fourth quarter. Canoe Financial LP now owns 186,131 shares of the technology company’s stock worth $111,680,000 after acquiring an additional 162,877 shares during the last quarter. Assenagon Asset Management S.A. lifted its stake in shares of MSCI by 358.3% during the third quarter. Assenagon Asset Management S.A. now owns 133,636 shares of the technology company’s stock valued at $77,900,000 after acquiring an additional 104,474 shares during the period. Finally, Champlain Investment Partners LLC bought a new position in MSCI in the third quarter valued at about $56,101,000. Institutional investors own 89.97% of the company’s stock.

Insider Buying and Selling

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 acquired at an average cost of $612.80 per share, for a total transaction of $1,777,120.00. Following the completion of the acquisition, the chief executive officer now owns 330,379 shares in the company, valued at $202,456,251.20. This represents a 0.89 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 3.20% of the stock is currently owned by company insiders.

MSCI Trading Up 0.8 %

NYSE:MSCI opened at $586.75 on Friday. MSCI Inc. has a 1 year low of $439.95 and a 1 year high of $642.45. The stock has a 50-day moving average price of $605.76 and a two-hundred day moving average price of $584.53. The stock has a market cap of $45.98 billion, a price-to-earnings ratio of 41.73, a PEG ratio of 2.72 and a beta of 1.11.

MSCI (NYSE:MSCI) last issued its quarterly earnings data on Wednesday, January 29th. The technology company reported $4.18 earnings per share (EPS) for the quarter, beating the consensus estimate 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 last year, the firm posted $3.68 earnings per share. Sell-side analysts forecast that MSCI Inc. will post 16.85 earnings per share for the current year.

MSCI Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 28th. Stockholders of record on Friday, February 14th will be given a dividend of $1.80 per share. 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 dividend yield of 1.23%. MSCI’s dividend payout ratio is currently 45.52%.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on MSCI shares. JPMorgan Chase & Co. dropped their price objective on MSCI from $700.00 to $680.00 and set an “overweight” rating for the company in a report on Thursday, January 30th. Barclays dropped their price target on shares of MSCI from $700.00 to $675.00 and set an “overweight” rating for the company in a research note on Thursday, January 30th. Wells Fargo & Company raised their price objective on shares of MSCI from $570.00 to $600.00 and gave the company an “equal weight” rating in a research note on Friday, October 11th. UBS Group dropped their target price on shares of MSCI from $695.00 to $680.00 and set a “buy” rating for the company in a research report on Wednesday, October 30th. Finally, Royal Bank of Canada restated an “outperform” rating and issued a $675.00 price target on shares of MSCI in a research report on Thursday, January 30th. Four investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, MSCI has an average rating of “Moderate Buy” and an average target price of $649.23.

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.