Tema Etfs LLC Takes Position in MSCI Inc. (NYSE:MSCI)

Tema Etfs LLC acquired a new stake in MSCI Inc. (NYSE:MSCI) in the fourth quarter, Holdings Channel.com reports. The firm acquired 1,191 shares of the technology company’s stock, valued at approximately $715,000.

A number of other large investors also recently modified their holdings of the company. Angeles Wealth Management LLC boosted its position in shares of MSCI by 3.6% in the fourth quarter. Angeles Wealth Management LLC now owns 492 shares of the technology company’s stock valued at $295,000 after acquiring an additional 17 shares during the period. Bleakley Financial Group LLC increased its holdings in shares of MSCI by 0.9% in the 4th quarter. Bleakley Financial Group LLC now owns 2,044 shares of the technology company’s stock worth $1,227,000 after buying an additional 19 shares during the last quarter. Perigon Wealth Management LLC raised its position in shares of MSCI by 3.6% during the 4th quarter. Perigon Wealth Management LLC now owns 575 shares of the technology company’s stock valued at $351,000 after buying an additional 20 shares in the last quarter. Trivant Custom Portfolio Group LLC raised its position in shares of MSCI by 0.6% during 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 buying an additional 21 shares in the last quarter. Finally, Weaver Capital Management LLC lifted its holdings in shares of MSCI by 3.0% during the 4th quarter. Weaver Capital Management LLC now owns 712 shares of the technology company’s stock worth $427,000 after acquiring an additional 21 shares during the last quarter. 89.97% of the stock is currently owned by institutional investors.

MSCI Stock Performance

Shares of MSCI stock opened at $571.26 on Friday. The company has a market capitalization of $44.20 billion, a P/E ratio of 40.63, a PEG ratio of 2.61 and a beta of 1.33. MSCI Inc. has a fifty-two week low of $475.32 and a fifty-two week high of $642.45. The stock has a 50 day moving average price of $550.12 and a two-hundred day moving average price of $579.20.

MSCI (NYSE:MSCI) last announced its quarterly earnings results on Tuesday, April 22nd. The technology company reported $4.00 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.88 by $0.12. The company had revenue of $745.83 million for the quarter, compared to the consensus estimate of $746.45 million. MSCI had a negative return on equity of 156.08% and a net margin of 38.83%. As a group, equities analysts predict that MSCI Inc. will post 16.86 earnings per share for the current year.

MSCI Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 30th. Shareholders of record on Friday, May 16th will be given a dividend of $1.80 per share. This represents a $7.20 dividend on an annualized basis and a yield of 1.26%. The ex-dividend date of this dividend is Friday, May 16th. MSCI’s payout ratio is 49.48%.

Wall Street Analysts Forecast Growth

MSCI has been the topic of a number of research analyst reports. Bank of America began coverage on MSCI in a research note on Thursday, April 10th. They issued a “neutral” rating and a $585.00 target price on the stock. JPMorgan Chase & Co. reduced their price objective on MSCI from $680.00 to $650.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 16th. Evercore ISI decreased their price objective on MSCI from $673.00 to $631.00 and set an “outperform” rating on the stock in a report on Wednesday, April 23rd. Barclays cut their target price on MSCI from $675.00 to $650.00 and set an “overweight” rating for the company in a research note on Friday, April 4th. Finally, Wells Fargo & Company decreased their price target on shares of MSCI from $532.00 to $530.00 and set an “equal weight” rating on the stock in a research note on Wednesday, April 16th. Three research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat, MSCI currently has an average rating of “Moderate Buy” and an average price target of $645.36.

Insider Buying and Selling at MSCI

In related news, CEO Henry A. Fernandez acquired 5,300 shares of MSCI stock in a transaction on Monday, February 24th. The shares were acquired at an average cost of $574.51 per share, with a total value of $3,044,903.00. Following the transaction, the chief executive officer now owns 1,269,951 shares in the company, valued at $729,599,549.01. This trade represents a 0.42% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, COO Cd Baer Pettit sold 5,000 shares of the business’s stock in a transaction on Monday, May 5th. The shares were sold at an average price of $552.59, for a total transaction of $2,762,950.00. Following the transaction, 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 ownership of the stock. The disclosure for this sale can be found here. 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.