Redwood Investments LLC trimmed its holdings in MSCI Inc. (NYSE:MSCI – Free Report) by 84.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 850 shares of the technology company’s stock after selling 4,678 shares during the quarter. Redwood Investments LLC’s holdings in MSCI were worth $481,000 as of its most recent SEC filing.
A number of other institutional investors have also bought and sold shares of the business. Fifth Third Bancorp lifted its stake in MSCI by 1.5% in the 4th quarter. Fifth Third Bancorp now owns 7,457 shares of the technology company’s stock worth $4,218,000 after purchasing an additional 111 shares in the last quarter. Pinnacle Associates Ltd. lifted its stake in MSCI by 10.7% in the 4th quarter. Pinnacle Associates Ltd. now owns 1,308 shares of the technology company’s stock worth $740,000 after purchasing an additional 126 shares in the last quarter. Quent Capital LLC raised its position in shares of MSCI by 23.5% during the 4th quarter. Quent Capital LLC now owns 100 shares of the technology company’s stock valued at $57,000 after buying an additional 19 shares during the period. Dantai Capital Ltd raised its position in shares of MSCI by 103.7% during the 4th quarter. Dantai Capital Ltd now owns 3,055 shares of the technology company’s stock valued at $1,728,000 after buying an additional 1,555 shares during the period. Finally, Atlantic Union Bankshares Corp raised its position in shares of MSCI by 11.0% during the 4th quarter. Atlantic Union Bankshares Corp now owns 4,416 shares of the technology company’s stock valued at $2,498,000 after buying an additional 437 shares during the period. 89.97% of the stock is owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
Several research firms have recently commented on MSCI. Royal Bank of Canada lifted their price target on shares of MSCI from $588.00 to $638.00 and gave the company an “outperform” rating in a research report on Wednesday, January 31st. The Goldman Sachs Group lifted their price target on shares of MSCI from $544.00 to $617.00 and gave the company a “neutral” rating in a research report on Wednesday, January 31st. Raymond James reaffirmed a “market perform” rating on shares of MSCI in a research report on Friday, January 5th. Barclays lifted their target price on shares of MSCI from $600.00 to $700.00 and gave the company an “overweight” rating in a report on Wednesday, January 31st. Finally, Morgan Stanley upgraded shares of MSCI from an “equal weight” rating to an “overweight” rating and lifted their target price for the company from $526.00 to $600.00 in a report on Wednesday, December 13th. Three equities research analysts have rated the stock with a sell rating, five have issued a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $578.21.
MSCI Stock Performance
Shares of NYSE:MSCI traded up $3.45 during trading on Friday, hitting $560.45. The company’s stock had a trading volume of 338,976 shares, compared to its average volume of 369,228. The business has a 50 day moving average price of $566.20 and a two-hundred day moving average price of $538.15. The company has a market capitalization of $44.40 billion, a PE ratio of 38.92, a P/E/G ratio of 2.82 and a beta of 1.07. MSCI Inc. has a fifty-two week low of $451.55 and a fifty-two week high of $617.39.
MSCI (NYSE:MSCI – Get Free Report) last released its quarterly earnings data on Tuesday, January 30th. The technology company reported $3.68 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.29 by $0.39. The business had revenue of $690.11 million during the quarter, compared to analysts’ expectations of $662.64 million. MSCI had a net margin of 45.42% and a negative return on equity of 111.17%. The company’s revenue for the quarter was up 19.8% on a year-over-year basis. During the same period in the previous year, the company earned $2.84 EPS. As a group, equities analysts expect that MSCI Inc. will post 14.8 earnings per share for the current fiscal year.
MSCI Increases Dividend
The company also recently disclosed a quarterly dividend, which was paid on Thursday, February 29th. Stockholders of record on Friday, February 16th were given a dividend of $1.60 per share. This is a boost from MSCI’s previous quarterly dividend of $1.38. This represents a $6.40 annualized dividend and a dividend yield of 1.14%. The ex-dividend date of this dividend was Thursday, February 15th. MSCI’s payout ratio is 44.44%.
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.