MAI Capital Management Grows Stock Holdings in MSCI Inc. (NYSE:MSCI)

MAI Capital Management raised its stake in MSCI Inc. (NYSE:MSCIGet Rating) by 7.7% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 822 shares of the technology company’s stock after buying an additional 59 shares during the period. MAI Capital Management’s holdings in MSCI were worth $504,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently added to or reduced their stakes in the company. Equitec Proprietary Markets LLC purchased a new stake in MSCI in the 4th quarter valued at about $26,000. AdvisorNet Financial Inc boosted its position in MSCI by 113.0% in the 4th quarter. AdvisorNet Financial Inc now owns 49 shares of the technology company’s stock valued at $30,000 after buying an additional 26 shares during the period. FinTrust Capital Advisors LLC boosted its position in MSCI by 293.8% in the 3rd quarter. FinTrust Capital Advisors LLC now owns 63 shares of the technology company’s stock valued at $38,000 after buying an additional 47 shares during the period. Mascoma Wealth Management LLC purchased a new stake in shares of MSCI in the 4th quarter worth approximately $47,000. Finally, Clearstead Advisors LLC lifted its position in shares of MSCI by 830.0% in the 3rd quarter. Clearstead Advisors LLC now owns 93 shares of the technology company’s stock worth $57,000 after purchasing an additional 83 shares during the period. 90.76% of the stock is owned by institutional investors.

Several equities research analysts have recently weighed in on the stock. Raymond James raised shares of MSCI from a “market perform” rating to an “outperform” rating and set a $515.00 price target for the company in a research report on Thursday, April 28th. The Goldman Sachs Group assumed coverage on shares of MSCI in a research report on Friday, April 1st. They issued a “neutral” rating and a $553.00 price target for the company. Zacks Investment Research raised shares of MSCI from a “hold” rating to a “buy” rating and set a $542.00 price target for the company in a research report on Tuesday, April 5th. Morgan Stanley lowered their price target on shares of MSCI from $651.00 to $593.00 and set an “equal weight” rating for the company in a research report on Friday, January 28th. Finally, Oppenheimer decreased their target price on shares of MSCI from $724.00 to $602.00 in a research report on Friday, January 28th. Four analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat, MSCI has an average rating of “Buy” and a consensus target price of $556.50.

In other MSCI news, insider Scott A. Crum sold 850 shares of the company’s stock in a transaction that occurred on Wednesday, February 23rd. The shares were sold at an average price of $508.80, for a total transaction of $432,480.00. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 3.02% of the company’s stock.

NYSE:MSCI opened at $417.04 on Friday. MSCI Inc. has a 52 week low of $376.41 and a 52 week high of $679.85. The firm has a 50 day moving average of $463.70 and a 200 day moving average of $533.38. The stock has a market capitalization of $33.89 billion, a price-to-earnings ratio of 45.73 and a beta of 1.07.

MSCI (NYSE:MSCIGet Rating) last issued its quarterly earnings results on Tuesday, April 26th. The technology company reported $2.98 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.74 by $0.24. MSCI had a net margin of 35.65% and a negative return on equity of 205.88%. The business had revenue of $559.90 million for the quarter, compared to analyst estimates of $563.18 million. During the same quarter in the prior year, the business posted $2.46 EPS. MSCI’s revenue for the quarter was up 17.0% compared to the same quarter last year. On average, equities analysts anticipate that MSCI Inc. will post 11.41 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, May 31st. Shareholders of record on Friday, May 13th will be paid a dividend of $1.04 per share. The ex-dividend date of this dividend is Thursday, May 12th. This represents a $4.16 dividend on an annualized basis and a yield of 1.00%. MSCI’s payout ratio is 45.61%.

About MSCI (Get Rating)

MSCI Inc, together with its subsidiaries, provides investment decision support tools for the clients to manage their investment processes worldwide. It operates through four segments: Index, Analytics, ESG and Climate, and All Other – Private Assets. The Index segment provides indexes for use in various areas of the investment process, including indexed product creation, such as ETFs, mutual funds, annuities, futures, options, structured products, 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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Institutional Ownership by Quarter for MSCI (NYSE:MSCI)

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