Argentarii LLC Acquires 28 Shares of MSCI Inc $MSCI

Argentarii LLC lifted its holdings in shares of MSCI Inc (NYSE:MSCI) by 4.0% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 734 shares of the technology company’s stock after buying an additional 28 shares during the period. Argentarii LLC’s holdings in MSCI were worth $423,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of MSCI. Sunbelt Securities Inc. raised its holdings in MSCI by 15.4% during the first quarter. Sunbelt Securities Inc. now owns 142 shares of the technology company’s stock valued at $80,000 after buying an additional 19 shares in the last quarter. Optivise Advisory Services LLC raised its stake in shares of MSCI by 3.8% in the 1st quarter. Optivise Advisory Services LLC now owns 540 shares of the technology company’s stock valued at $306,000 after acquiring an additional 20 shares in the last quarter. Quotient Wealth Partners LLC lifted its holdings in MSCI by 5.9% in the 1st quarter. Quotient Wealth Partners LLC now owns 361 shares of the technology company’s stock worth $204,000 after purchasing an additional 20 shares during the last quarter. Gries Financial LLC boosted its position in MSCI by 1.3% during the second quarter. Gries Financial LLC now owns 1,505 shares of the technology company’s stock worth $868,000 after purchasing an additional 20 shares during the period. Finally, Whipplewood Advisors LLC grew its holdings in MSCI by 16.8% during the first quarter. Whipplewood Advisors LLC now owns 146 shares of the technology company’s stock valued at $83,000 after purchasing an additional 21 shares during the last quarter. Institutional investors and hedge funds own 89.97% of the company’s stock.

Wall Street Analysts Forecast Growth

MSCI has been the subject of a number of analyst reports. UBS Group boosted their price objective on shares of MSCI from $655.00 to $700.00 and gave the stock a “buy” rating in a research note on Tuesday, July 8th. JPMorgan Chase & Co. boosted their target price on shares of MSCI from $625.00 to $655.00 and gave the stock an “overweight” rating in a research report on Wednesday, September 10th. Wells Fargo & Company decreased their price target on shares of MSCI from $578.00 to $533.00 and set an “equal weight” rating for the company in a report on Wednesday, July 23rd. Finally, Raymond James Financial upgraded MSCI from a “market perform” rating to an “outperform” rating and set a $650.00 price objective on the stock in a research note on Friday, July 25th. Ten research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, MSCI has an average rating of “Moderate Buy” and a consensus price target of $652.45.

MSCI Price Performance

MSCI stock opened at $569.22 on Tuesday. The business has a 50 day simple moving average of $562.63 and a 200 day simple moving average of $558.88. The company has a market capitalization of $44.03 billion, a PE ratio of 37.70, a price-to-earnings-growth ratio of 2.73 and a beta of 1.34. MSCI Inc has a one year low of $486.73 and a one year high of $642.45.

MSCI (NYSE:MSCI) last announced its quarterly earnings results on Tuesday, July 22nd. The technology company reported $4.17 earnings per share for the quarter, beating analysts’ consensus estimates of $4.12 by $0.05. The firm had revenue of $772.68 million for the quarter, compared to analysts’ expectations of $763.06 million. MSCI had a negative return on equity of 143.13% and a net margin of 39.46%.The business’s revenue was up 9.1% compared to the same quarter last year. During the same period in the prior year, the business posted $3.64 earnings per share. Equities analysts anticipate that MSCI Inc will post 16.86 earnings per share for the current fiscal year.

MSCI Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, August 29th. Shareholders of record on Friday, August 15th were given a $1.80 dividend. The ex-dividend date was Friday, August 15th. This represents a $7.20 dividend on an annualized basis and a yield of 1.3%. MSCI’s payout ratio is 47.68%.

Insiders Place Their Bets

In other news, CEO Henry A. Fernandez acquired 84 shares of the company’s stock in a transaction dated Friday, July 25th. The stock was bought at an average price of $548.69 per share, with a total value of $46,089.96. Following the completion of the acquisition, the chief executive officer owned 1,279,951 shares in the company, valued at approximately $702,296,314.19. This represents a 0.01% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders have bought 12,400 shares of company stock worth $6,731,599 over the last quarter. 3.31% of the stock is currently 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.