Fortune Financial Group Inc. Purchases Shares of 1,252 MSCI Inc $MSCI

Fortune Financial Group Inc. purchased a new stake in shares of MSCI Inc (NYSE:MSCI) in the fourth quarter, according to the company in its most recent filing with the SEC. The fund purchased 1,252 shares of the technology company’s stock, valued at approximately $762,000.

Other hedge funds have also added to or reduced their stakes in the company. Mowery & Schoenfeld Wealth Management LLC boosted its stake in MSCI by 341.7% during 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 stake in shares of MSCI in the 4th quarter worth approximately $30,000. Eagle Bay Advisors LLC bought a new stake in MSCI during the 4th quarter valued at $34,000. Elyxium Wealth LLC bought a new stake in MSCI during the 4th quarter valued at $34,000. Finally, Strategic Wealth Investment Group LLC bought a new stake in MSCI during the 2nd quarter valued at $36,000. Institutional investors and hedge funds own 89.97% of the company’s stock.

MSCI Price Performance

MSCI opened at $608.98 on Thursday. MSCI Inc has a one year low of $501.08 and a one year high of $644.68. The company has a fifty day moving average price of $582.59 and a 200-day moving average price of $569.94. The firm has a market capitalization of $44.33 billion, a P/E ratio of 34.78, a price-to-earnings-growth ratio of 2.29 and a beta of 1.24.

MSCI (NYSE:MSCI) last announced its earnings results on Tuesday, April 21st. The technology company reported $4.55 earnings per share (EPS) 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 company had revenue of $850.80 million during the quarter, compared to analyst estimates of $830.91 million. During the same period in the previous year, the business earned $4.00 earnings per share. The firm’s quarterly revenue was up 14.1% compared to the same quarter last year. On average, analysts expect that MSCI Inc will post 19.62 earnings per share for the current year.

MSCI Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, May 29th. Investors of record on Friday, May 15th were given a $2.05 dividend. The ex-dividend date was Friday, May 15th. This represents a $8.20 annualized dividend and a yield of 1.3%. MSCI’s payout ratio is 46.83%.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the stock. Weiss Ratings raised shares of MSCI from a “buy (b-)” rating to a “buy (b)” rating in a report on Monday, June 1st. Raymond James Financial restated a “strong-buy” rating and set a $730.00 price target on shares of MSCI in a research report on Tuesday, April 21st. Morgan Stanley boosted their price target on shares of MSCI from $719.00 to $727.00 and gave the company an “overweight” rating in a research report on Wednesday, April 22nd. Wells Fargo & Company upgraded shares of MSCI from an “equal weight” rating to an “overweight” rating and boosted their price target for the company from $650.00 to $700.00 in a research report on Wednesday, May 27th. Finally, UBS Group boosted their price target on shares of MSCI from $710.00 to $720.00 and gave the company a “buy” rating in a research report on Wednesday, April 22nd. One equities research analyst has rated the stock with a Strong Buy rating and ten have assigned a Buy rating to the company. According to MarketBeat.com, MSCI currently has an average rating of “Buy” and a consensus target price of $697.70.

Insider Activity

In other MSCI news, CFO Andrew C. Wiechmann sold 450 shares of the company’s stock in a transaction dated Tuesday, March 17th. The shares were sold at an average price of $560.00, for a total transaction of $252,000.00. Following the completion of the sale, the chief financial officer directly owned 22,544 shares in the company, valued at $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 available at this hyperlink. Also, insider Alvise J. Munari sold 10,000 shares of the company’s 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 sale, the insider owned 23,548 shares of the company’s stock, valued at approximately $13,941,357.92. The trade was a 29.81% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Corporate insiders own 3.76% of the company’s stock.

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.