Healthcare of Ontario Pension Plan Trust Fund Raises Position in MSCI Inc. (NYSE:MSCI)

Healthcare of Ontario Pension Plan Trust Fund raised its stake in shares of MSCI Inc. (NYSE:MSCI) by 259.7% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 20,810 shares of the technology company’s stock after purchasing an additional 15,025 shares during the period. Healthcare of Ontario Pension Plan Trust Fund’s holdings in MSCI were worth $12,660,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Capital International Investors grew its stake in shares of MSCI by 3.6% during the second quarter. Capital International Investors now owns 1,430,804 shares of the technology company’s stock valued at $762,942,000 after buying an additional 49,213 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of MSCI by 1.5% during the 2nd quarter. Geode Capital Management LLC now owns 1,400,562 shares of the technology company’s stock valued at $744,597,000 after purchasing an additional 21,115 shares during the last quarter. Polen Capital Management LLC lifted its holdings in shares of MSCI by 0.4% during the 2nd quarter. Polen Capital Management LLC now owns 1,372,573 shares of the technology company’s stock valued at $731,691,000 after purchasing an additional 5,158 shares during the last quarter. Liberty Wealth Management LLC raised its stake in MSCI by 53,252.5% in the 2nd quarter. Liberty Wealth Management LLC now owns 1,011,029 shares of the technology company’s stock worth $1,897,000 after acquiring an additional 1,009,134 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its stake in MSCI by 7.4% in the 2nd quarter. JPMorgan Chase & Co. now owns 891,654 shares of the technology company’s stock worth $475,325,000 after acquiring an additional 61,250 shares during the last quarter. 88.57% of the stock is currently owned by hedge funds and other institutional investors.

MSCI stock opened at $526.74 on Friday. The company’s 50 day simple moving average is $613.28 and its 200-day simple moving average is $613.53. The firm has a market capitalization of $43.43 billion, a PE ratio of 63.85 and a beta of 0.96. MSCI Inc. has a 12 month low of $380.00 and a 12 month high of $679.85.

MSCI (NYSE:MSCI) last issued its earnings results on Tuesday, October 26th. The technology company reported $2.53 EPS for the quarter, beating the Zacks’ consensus estimate of $2.43 by $0.10. The business had revenue of $517.10 million for the quarter, compared to the consensus estimate of $509.62 million. MSCI had a net margin of 35.53% and a negative return on equity of 199.50%. The business’s revenue for the quarter was up 21.6% compared to the same quarter last year. During the same quarter last year, the firm posted $2.20 EPS. Sell-side analysts expect that MSCI Inc. will post 9.99 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Tuesday, November 30th. Shareholders of record on Friday, November 12th were given a dividend of $1.04 per share. The ex-dividend date of this dividend was Wednesday, November 10th. This represents a $4.16 dividend on an annualized basis and a dividend yield of 0.79%. MSCI’s dividend payout ratio (DPR) is 50.42%.

In other news, General Counsel Robert J. Gutowski sold 800 shares of the business’s stock in a transaction on Monday, November 29th. The shares were sold at an average price of $646.04, for a total value of $516,832.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO Cd Baer Pettit sold 2,500 shares of the company’s stock in a transaction on Monday, December 6th. The shares were sold at an average price of $599.32, for a total transaction of $1,498,300.00. The disclosure for this sale can be found here. Insiders sold a total of 5,800 shares of company stock worth $3,661,632 over the last quarter. Insiders own 2.93% of the company’s stock.

A number of research firms have recently commented on MSCI. Morgan Stanley raised their target price on MSCI from $600.00 to $651.00 and gave the company an “equal weight” rating in a research report on Wednesday, January 5th. Oppenheimer raised their target price on shares of MSCI from $685.00 to $713.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 27th. Royal Bank of Canada lifted their price target on shares of MSCI from $650.00 to $720.00 and gave the company an “outperform” rating in a research report on Tuesday, September 21st. Finally, Zacks Investment Research downgraded shares of MSCI from a “buy” rating to a “hold” rating and set a $608.00 target price for the company. in a report on Tuesday, December 21st. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Buy” and an average target price of $643.57.

About MSCI

MSCI, Inc engages in the provision of investment decision support tools including indices, portfolio risk and performance analytics and corporate governance products and services. The company operates through the following business segments: Index, Analytics, Environmental, Social, and Governance (ESG), Real Estate, and Burgiss.

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Institutional Ownership by Quarter for MSCI (NYSE:MSCI)

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