Fairtree Asset Management Pty Ltd Boosts Stock Position in MSCI Inc $MSCI

Fairtree Asset Management Pty Ltd grew its position in MSCI Inc (NYSE:MSCI) by 66.5% during the fourth quarter, Holdings Channel reports. The firm owned 5,374 shares of the technology company’s stock after acquiring an additional 2,147 shares during the period. MSCI makes up approximately 1.4% of Fairtree Asset Management Pty Ltd’s portfolio, making the stock its 20th largest position. Fairtree Asset Management Pty Ltd’s holdings in MSCI were worth $3,083,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of MSCI. Root Financial Partners LLC purchased a new stake in MSCI in the third quarter valued at approximately $28,000. Mowery & Schoenfeld Wealth Management LLC raised its position in MSCI by 341.7% during the 4th quarter. Mowery & Schoenfeld Wealth Management LLC now owns 53 shares of the technology company’s stock worth $30,000 after buying an additional 41 shares during the last quarter. Eagle Bay Advisors LLC acquired a new stake in MSCI during the 4th quarter valued at approximately $34,000. Elyxium Wealth LLC acquired a new stake in MSCI during the 4th quarter valued at approximately $34,000. Finally, Strategic Wealth Investment Group LLC purchased a new stake in shares of MSCI in the 2nd quarter valued at $36,000. Institutional investors and hedge funds own 89.97% of the company’s stock.

MSCI Trading Down 0.9%

Shares of MSCI stock opened at $578.89 on Wednesday. MSCI Inc has a 12-month low of $501.08 and a 12-month high of $626.28. The business’s 50 day moving average is $562.41 and its two-hundred day moving average is $565.96. The company has a market capitalization of $42.14 billion, a P/E ratio of 33.06, a P/E/G ratio of 2.20 and a beta of 1.24.

MSCI (NYSE:MSCI) last posted its quarterly earnings data on Tuesday, April 21st. The technology company reported $4.55 EPS for the quarter, beating analysts’ consensus estimates of $4.38 by $0.17. The business had revenue of $850.80 million during the quarter, compared to analysts’ expectations of $830.91 million. MSCI had a negative return on equity of 65.48% and a net margin of 40.74%.The business’s revenue was up 14.1% compared to the same quarter last year. During the same period in the previous year, the business earned $4.00 earnings per share. On average, research analysts predict that MSCI Inc will post 19.62 earnings per share for the current fiscal year.

MSCI Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, May 29th. Investors of record on Friday, May 15th will be issued a $2.05 dividend. This represents a $8.20 annualized dividend and a yield of 1.4%. The ex-dividend date of this dividend is Friday, May 15th. MSCI’s payout ratio is presently 46.83%.

Insiders Place Their Bets

In other MSCI news, CFO Andrew C. Wiechmann sold 450 shares of the stock in a transaction on Tuesday, March 17th. The shares were sold at an average price of $560.00, for a total transaction of $252,000.00. Following the transaction, the chief financial officer directly owned 22,544 shares of the company’s stock, valued at $12,624,640. This trade represents a 1.96% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Alvise J. Munari sold 10,000 shares of MSCI stock in a transaction dated Friday, April 24th. The shares were sold at an average price of $592.04, for a total transaction of $5,920,400.00. Following the completion of the sale, the insider owned 23,548 shares in the company, valued at approximately $13,941,357.92. This trade represents a 29.81% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 3.76% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently weighed in on MSCI. Morgan Stanley increased their price objective on shares of MSCI from $719.00 to $727.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 22nd. UBS Group upped their price target on shares of MSCI from $710.00 to $720.00 and gave the company a “buy” rating in a report on Wednesday, April 22nd. Weiss Ratings lowered MSCI from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday, May 4th. Bank of America began coverage on MSCI in a report on Tuesday, February 17th. They issued a “buy” rating and a $700.00 price objective for the company. Finally, Evercore upped their target price on MSCI from $655.00 to $690.00 and gave the stock an “outperform” rating in a research note on Thursday, January 29th. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $692.70.

MSCI Company Profile

MSCI Inc is a global provider of investment decision support tools and services for the financial industry. The company is best known for its family of market indexes, which are widely used as benchmarks by asset managers and as the basis for exchange-traded funds and other passive products. In addition to index construction and licensing, MSCI offers portfolio analytics, risk models, factor and performance attribution tools, and a suite of data and technology solutions designed to support portfolio management and trading.

Beyond traditional indexing and risk analytics, MSCI has expanded into environmental, social and governance (ESG) research and ratings, offering data, scores and screening tools that help investors integrate sustainability considerations into investment processes.