129 Shares in MSCI Inc. (NYSE:MSCI) Purchased by Cary Street Partners Financial LLC

Cary Street Partners Financial LLC acquired a new position in shares of MSCI Inc. (NYSE:MSCI) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 129 shares of the technology company’s stock, valued at approximately $77,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in MSCI. Angeles Wealth Management LLC raised its position in MSCI by 3.6% during the fourth quarter. Angeles Wealth Management LLC now owns 492 shares of the technology company’s stock worth $295,000 after acquiring an additional 17 shares during the period. Bleakley Financial Group LLC raised its position in shares of MSCI by 0.9% in the fourth 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. Perigon Wealth Management LLC boosted its position in MSCI by 3.6% during the fourth quarter. Perigon Wealth Management LLC now owns 575 shares of the technology company’s stock worth $351,000 after acquiring an additional 20 shares during the last quarter. Trivant Custom Portfolio Group LLC raised its holdings in MSCI by 0.6% in the 4th quarter. Trivant Custom Portfolio Group LLC now owns 3,325 shares of the technology company’s stock valued at $1,995,000 after acquiring an additional 21 shares during the last quarter. Finally, Weaver Capital Management LLC lifted its stake in MSCI by 3.0% in the 4th quarter. Weaver Capital Management LLC now owns 712 shares of the technology company’s stock worth $427,000 after purchasing an additional 21 shares in the last quarter. Institutional investors and hedge funds own 89.97% of the company’s stock.

Insider Transactions at MSCI

In other MSCI news, CEO Henry A. Fernandez purchased 5,300 shares of the stock in a transaction that occurred on Monday, February 24th. The stock was purchased at an average cost of $574.51 per share, with a total value of $3,044,903.00. Following the completion of the acquisition, the chief executive officer now directly owns 1,269,951 shares of the company’s stock, valued at $729,599,549.01. This trade represents a 0.42% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO Cd Baer Pettit sold 5,000 shares of the firm’s stock in a transaction that occurred on Monday, May 5th. The stock was sold at an average price of $552.59, for a total transaction of $2,762,950.00. Following the sale, the chief operating officer now directly owns 289,787 shares in the company, valued at approximately $160,133,398.33. The trade was a 1.70% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 3.31% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the company. Royal Bank of Canada reissued an “outperform” rating and set a $675.00 price objective on shares of MSCI in a research note on Wednesday, April 16th. Oppenheimer reiterated a “market perform” rating on shares of MSCI in a report on Wednesday, April 23rd. Barclays reduced their price target on shares of MSCI from $675.00 to $650.00 and set an “overweight” rating on the stock in a research report on Friday, April 4th. Evercore ISI reduced their target price on MSCI from $673.00 to $631.00 and set an “outperform” rating on the stock in a research report on Wednesday, April 23rd. Finally, Bank of America assumed coverage on MSCI in a report on Thursday, April 10th. They set a “neutral” rating and a $585.00 price target for the company. Three analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat, MSCI has a consensus rating of “Moderate Buy” and a consensus target price of $645.36.

MSCI Price Performance

Shares of NYSE MSCI opened at $556.15 on Monday. The company has a market cap of $43.03 billion, a price-to-earnings ratio of 39.56, a price-to-earnings-growth ratio of 2.61 and a beta of 1.33. The stock’s 50-day moving average is $548.96 and its two-hundred day moving average is $579.66. MSCI Inc. has a 1-year low of $475.32 and a 1-year high of $642.45.

MSCI (NYSE:MSCI) last released its earnings results on Tuesday, April 22nd. The technology company reported $4.00 earnings per share for the quarter, topping analysts’ consensus estimates of $3.88 by $0.12. MSCI had a net margin of 38.83% and a negative return on equity of 156.08%. The firm had revenue of $745.83 million for the quarter, compared to analyst estimates of $746.45 million. Equities research analysts anticipate that MSCI Inc. will post 16.86 earnings per share for the current fiscal year.

MSCI Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 30th. Stockholders of record on Friday, May 16th will be issued a $1.80 dividend. The ex-dividend date is Friday, May 16th. This represents a $7.20 dividend on an annualized basis and a dividend yield of 1.29%. MSCI’s payout ratio is 49.48%.

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.