Steph & Co. Acquires Shares of 60 MSCI Inc $MSCI

Steph & Co. acquired a new stake in MSCI Inc (NYSE:MSCI) during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 60 shares of the technology company’s stock, valued at approximately $35,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Olde Wealth Management LLC acquired a new position in shares of MSCI in the first quarter valued at $27,000. Meeder Asset Management Inc. increased its holdings in shares of MSCI by 136.4% in the first quarter. Meeder Asset Management Inc. now owns 52 shares of the technology company’s stock valued at $29,000 after purchasing an additional 30 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. increased its holdings in shares of MSCI by 50.0% in the first quarter. Migdal Insurance & Financial Holdings Ltd. now owns 66 shares of the technology company’s stock valued at $37,000 after purchasing an additional 22 shares during the last quarter. HWG Holdings LP acquired a new position in shares of MSCI in the first quarter valued at $44,000. Finally, Banque Transatlantique SA boosted its position in shares of MSCI by 355.6% in the first quarter. Banque Transatlantique SA now owns 82 shares of the technology company’s stock valued at $43,000 after acquiring an additional 64 shares during the period. 89.97% of the stock is currently owned by institutional investors and hedge funds.

MSCI Stock Up 0.1%

MSCI opened at $565.40 on Friday. MSCI Inc has a twelve month low of $486.73 and a twelve month high of $642.45. The company has a 50-day simple moving average of $562.04 and a 200 day simple moving average of $559.30. The stock has a market capitalization of $43.74 billion, a price-to-earnings ratio of 37.44, a P/E/G ratio of 2.76 and a beta of 1.34.

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

MSCI Announces Dividend

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

Analysts Set New Price Targets

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

Insiders Place Their Bets

In other news, CEO Henry A. Fernandez acquired 84 shares of the business’s stock in a transaction that occurred on Friday, July 25th. The stock was acquired at an average price of $548.69 per share, with a total value of $46,089.96. Following the completion of the transaction, the chief executive officer directly owned 1,279,951 shares of the company’s stock, valued at $702,296,314.19. This trade represents a 0.01% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders have bought a total of 12,400 shares of company stock worth $6,731,599 over the last three months. Corporate insiders own 3.31% of the company’s stock.

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.