Choreo LLC Buys 877 Shares of MSCI Inc $MSCI

Choreo LLC increased its stake in shares of MSCI Inc (NYSE:MSCI) by 30.1% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 3,788 shares of the technology company’s stock after acquiring an additional 877 shares during the period. Choreo LLC’s holdings in MSCI were worth $2,185,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of MSCI. Vanguard Group Inc. increased its position in shares of MSCI by 1.4% during the 2nd quarter. Vanguard Group Inc. now owns 9,508,242 shares of the technology company’s stock worth $5,483,783,000 after purchasing an additional 131,390 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of MSCI by 1.8% in the second quarter. Geode Capital Management LLC now owns 1,993,524 shares of the technology company’s stock valued at $1,146,298,000 after buying an additional 34,335 shares in the last quarter. American Century Companies Inc. grew its stake in shares of MSCI by 2.0% in the first quarter. American Century Companies Inc. now owns 1,008,778 shares of the technology company’s stock valued at $570,464,000 after buying an additional 19,846 shares in the last quarter. Fiera Capital Corp increased its holdings in MSCI by 2.2% during the second quarter. Fiera Capital Corp now owns 969,850 shares of the technology company’s stock worth $559,351,000 after buying an additional 20,682 shares during the last quarter. Finally, PineStone Asset Management Inc. raised its position in MSCI by 11.9% during the second quarter. PineStone Asset Management Inc. now owns 890,123 shares of the technology company’s stock worth $513,370,000 after acquiring an additional 94,466 shares in the last quarter. 89.97% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

MSCI has been the subject of a number of recent analyst reports. Seaport Res Ptn upgraded shares of MSCI to a “strong-buy” rating in a research note on Wednesday, October 1st. Barclays lifted their price target on MSCI from $650.00 to $660.00 and gave the stock an “overweight” rating in a report on Wednesday, October 29th. Evercore ISI upped their price objective on MSCI from $588.00 to $611.00 and gave the company an “outperform” rating in a research note on Tuesday, October 14th. Weiss Ratings cut MSCI from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday. Finally, JPMorgan Chase & Co. lifted their target price on MSCI from $655.00 to $680.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 29th. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $655.90.

MSCI Stock Performance

MSCI opened at $560.60 on Friday. The stock has a fifty day moving average of $562.25 and a 200-day moving average of $563.52. The company has a market capitalization of $42.12 billion, a P/E ratio of 35.53, a P/E/G ratio of 2.76 and a beta of 1.34. MSCI Inc has a fifty-two week low of $486.73 and a fifty-two week high of $642.45.

MSCI (NYSE:MSCI) last released its quarterly earnings results on Tuesday, October 28th. The technology company reported $4.47 EPS for the quarter, topping analysts’ consensus estimates of $4.37 by $0.10. MSCI had a net margin of 40.03% and a negative return on equity of 110.94%. The business had revenue of $793.43 million for the quarter, compared to analyst estimates of $794.87 million. During the same period last year, the firm earned $3.86 earnings per share. MSCI’s revenue for the quarter was up 9.5% compared to the same quarter last year. On average, equities research analysts predict that MSCI Inc will post 16.86 earnings per share for the current fiscal year.

MSCI Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 28th. Shareholders of record on Friday, November 14th were paid a dividend of $1.80 per share. This represents a $7.20 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date was Friday, November 14th. MSCI’s dividend payout ratio (DPR) is 45.63%.

MSCI announced that its board has authorized a stock buyback program on Tuesday, October 28th that permits the company to buyback $3.00 billion in shares. This buyback authorization permits the technology company to buy up to 7.1% of its shares through open market purchases. Shares buyback programs are usually a sign that the company’s leadership believes its stock is undervalued.

Insiders Place Their Bets

In other news, General Counsel Robert J. Gutowski sold 624 shares of the company’s stock in a transaction on Monday, November 24th. The stock was sold at an average price of $558.42, for a total transaction of $348,454.08. Following the completion of the sale, the general counsel directly owned 15,945 shares in the company, valued at approximately $8,904,006.90. This represents a 3.77% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 3.31% of the stock is 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.