MSCI Inc. (NYSE:MSCI) Position Reduced by Mission Wealth Management LP

Mission Wealth Management LP decreased its position in shares of MSCI Inc. (NYSE:MSCI) by 6.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,378 shares of the technology company’s stock after selling 97 shares during the period. Mission Wealth Management LP’s holdings in MSCI were worth $827,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Prime Capital Investment Advisors LLC raised its holdings in MSCI by 30.0% during the third quarter. Prime Capital Investment Advisors LLC now owns 564 shares of the technology company’s stock worth $329,000 after purchasing an additional 130 shares in the last quarter. Assenagon Asset Management S.A. grew its position in MSCI by 30.9% in the fourth quarter. Assenagon Asset Management S.A. now owns 174,982 shares of the technology company’s stock worth $104,991,000 after buying an additional 41,346 shares during the last quarter. JPMorgan Chase & Co. grew its position in MSCI by 4.5% in the third quarter. JPMorgan Chase & Co. now owns 536,211 shares of the technology company’s stock worth $312,574,000 after buying an additional 23,050 shares during the last quarter. Mizuho Securities USA LLC grew its position in MSCI by 339.6% in the third quarter. Mizuho Securities USA LLC now owns 26,834 shares of the technology company’s stock worth $15,642,000 after buying an additional 20,730 shares during the last quarter. Finally, Integrated Wealth Concepts LLC grew its position in MSCI by 176.2% in the third quarter. Integrated Wealth Concepts LLC now owns 1,580 shares of the technology company’s stock worth $921,000 after buying an additional 1,008 shares during the last quarter. Institutional investors own 89.97% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have issued reports on MSCI shares. Royal Bank of Canada restated an “outperform” rating and issued a $675.00 price target on shares of MSCI in a research report on Thursday, January 30th. JPMorgan Chase & Co. decreased their price target on shares of MSCI from $700.00 to $680.00 and set an “overweight” rating on the stock in a research report on Thursday, January 30th. Morgan Stanley lifted their price objective on shares of MSCI from $662.00 to $695.00 and gave the stock an “overweight” rating in a research report on Thursday, December 12th. Barclays lowered their price objective on shares of MSCI from $700.00 to $675.00 and set an “overweight” rating on the stock in a research report on Thursday, January 30th. Finally, Wolfe Research upgraded shares of MSCI from a “peer perform” rating to an “outperform” rating in a research report on Thursday, December 12th. Three analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, MSCI presently has a consensus rating of “Moderate Buy” and a consensus price target of $649.23.

Insider Buying and Selling

In other MSCI news, CEO Henry A. Fernandez acquired 2,900 shares of the firm’s stock in a transaction that occurred on Thursday, December 5th. The stock was purchased at an average cost of $612.80 per share, for a total transaction of $1,777,120.00. Following the completion of the acquisition, the chief executive officer now owns 330,379 shares of the company’s stock, valued at approximately $202,456,251.20. This trade represents a 0.89 % increase in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 3.20% of the stock is currently owned by corporate insiders.

MSCI Stock Down 3.6 %

Shares of NYSE:MSCI opened at $567.68 on Wednesday. The firm has a fifty day moving average of $592.58 and a two-hundred day moving average of $590.10. The firm has a market capitalization of $44.08 billion, a P/E ratio of 40.38, a price-to-earnings-growth ratio of 2.61 and a beta of 1.11. MSCI Inc. has a 12-month low of $439.95 and a 12-month high of $642.45.

MSCI (NYSE:MSCI) last released its quarterly earnings data on Wednesday, January 29th. The technology company reported $4.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.96 by $0.22. MSCI had a net margin of 38.83% and a negative return on equity of 156.08%. During the same period last year, the firm posted $3.68 earnings per share. Equities research analysts expect that MSCI Inc. will post 16.86 earnings per share for the current fiscal year.

MSCI Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 14th were issued a $1.80 dividend. The ex-dividend date of this dividend was Friday, February 14th. This is a boost from MSCI’s previous quarterly dividend of $1.60. This represents a $7.20 dividend on an annualized basis and a yield of 1.27%. MSCI’s dividend payout ratio is currently 51.21%.

MSCI 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.