Eventide Asset Management LLC Purchases 980 Shares of MSCI Inc $MSCI

Eventide Asset Management LLC grew its position in MSCI Inc (NYSE:MSCI) by 2.8% during the fourth quarter, HoldingsChannel reports. The firm owned 36,280 shares of the technology company’s stock after buying an additional 980 shares during the period. Eventide Asset Management LLC’s holdings in MSCI were worth $20,855,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Mowery & Schoenfeld Wealth Management LLC boosted its stake in shares of MSCI by 341.7% in the 4th quarter. Mowery & Schoenfeld Wealth Management LLC now owns 53 shares of the technology company’s stock valued at $30,000 after purchasing an additional 41 shares during the last quarter. Harvest Fund Management Co. Ltd bought a new position in MSCI during the fourth quarter worth $30,000. Eagle Bay Advisors LLC bought a new position in MSCI during the fourth quarter worth $34,000. Elyxium Wealth LLC bought a new position in MSCI during the fourth quarter worth $34,000. Finally, Strategic Wealth Investment Group LLC bought a new position in MSCI during the second quarter worth $36,000. 89.97% of the stock is owned by institutional investors.

MSCI Trading Up 0.8%

MSCI opened at $599.14 on Friday. The company’s fifty day moving average price is $584.93 and its two-hundred day moving average price is $570.38. MSCI Inc has a 1-year low of $501.08 and a 1-year high of $644.68. The company has a market cap of $43.62 billion, a price-to-earnings ratio of 34.22, a PEG ratio of 2.26 and a beta of 1.24.

MSCI (NYSE:MSCI) last released its quarterly earnings data on Tuesday, April 21st. The technology company reported $4.55 earnings per share for the quarter, topping the consensus estimate of $4.38 by $0.17. MSCI had a net margin of 40.74% and a negative return on equity of 65.48%. The firm had revenue of $850.80 million for the quarter, compared to the consensus estimate of $830.91 million. During the same quarter in the prior year, the company posted $4.00 earnings per share. The business’s revenue was up 14.1% on a year-over-year basis. As a group, equities analysts forecast that MSCI Inc will post 19.62 earnings per share for the current fiscal year.

MSCI Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 29th. Shareholders of record on Friday, May 15th were issued a dividend of $2.05 per share. The ex-dividend date was Friday, May 15th. This represents a $8.20 annualized dividend and a yield of 1.4%. MSCI’s dividend payout ratio is presently 46.83%.

Insider Buying and Selling at MSCI

In other MSCI news, CFO Andrew C. Wiechmann sold 450 shares of the company’s 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 owned 22,544 shares in the company, valued at approximately $12,624,640. This represents a 1.96% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Alvise J. Munari sold 10,000 shares of the company’s stock in a transaction on Friday, April 24th. The stock was sold at an average price of $592.04, for a total transaction of $5,920,400.00. Following the transaction, the insider owned 23,548 shares in the company, valued at approximately $13,941,357.92. The trade was 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.

Analyst Ratings Changes

Several research analysts recently issued reports on MSCI shares. Royal Bank Of Canada reissued an “outperform” rating and set a $655.00 target price on shares of MSCI in a research note on Wednesday, April 22nd. Raymond James Financial reissued a “strong-buy” rating and set a $730.00 target price on shares of MSCI in a research note on Tuesday, April 21st. Wells Fargo & Company raised shares of MSCI from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $650.00 to $700.00 in a research note on Wednesday, May 27th. UBS Group increased their target price on shares of MSCI from $710.00 to $720.00 and gave the stock a “buy” rating in a research note on Wednesday, April 22nd. Finally, Morgan Stanley increased their target price 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. One investment analyst has rated the stock with a Strong Buy rating and ten have assigned a Buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Buy” and an average price target of $697.70.

About MSCI

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.