Dock Street Asset Management Inc. Trims Stock Holdings in MSCI Inc $MSCI

Dock Street Asset Management Inc. lowered its holdings in MSCI Inc (NYSE:MSCI) by 0.5% in the second quarter, HoldingsChannel reports. The firm owned 37,133 shares of the technology company’s stock after selling 197 shares during the period. MSCI comprises about 2.0% of Dock Street Asset Management Inc.’s portfolio, making the stock its 18th largest holding. Dock Street Asset Management Inc.’s holdings in MSCI were worth $21,416,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Olde Wealth Management LLC acquired a new stake in MSCI during the first quarter valued at approximately $27,000. Meeder Asset Management Inc. raised its stake in MSCI by 136.4% during the first quarter. Meeder Asset Management Inc. now owns 52 shares of the technology company’s stock valued at $29,000 after buying an additional 30 shares in the last quarter. Steph & Co. acquired a new stake in MSCI during the second quarter valued at approximately $35,000. Migdal Insurance & Financial Holdings Ltd. raised its stake in MSCI by 50.0% during the first quarter. Migdal Insurance & Financial Holdings Ltd. now owns 66 shares of the technology company’s stock valued at $37,000 after buying an additional 22 shares in the last quarter. Finally, Banque Transatlantique SA raised its stake in MSCI by 355.6% during the first quarter. Banque Transatlantique SA now owns 82 shares of the technology company’s stock valued at $43,000 after buying an additional 64 shares in the last quarter. Hedge funds and other institutional investors own 89.97% of the company’s stock.

MSCI Price Performance

MSCI opened at $554.14 on Wednesday. MSCI Inc has a 12 month low of $486.73 and a 12 month high of $642.45. The stock has a market cap of $42.87 billion, a P/E ratio of 36.70, a P/E/G ratio of 2.68 and a beta of 1.33. The stock’s 50 day moving average price is $563.46 and its 200 day moving average price is $559.07.

MSCI (NYSE:MSCI) last posted its earnings results on Tuesday, July 22nd. The technology company reported $4.17 EPS for the quarter, beating the consensus estimate of $4.12 by $0.05. MSCI had a negative return on equity of 143.13% and a net margin of 39.46%.The firm had revenue of $772.68 million for the quarter, compared to analysts’ expectations of $763.06 million. During the same period last year, the firm earned $3.64 EPS. The firm’s revenue was up 9.1% compared to the same quarter last year. Equities analysts anticipate that MSCI Inc will post 16.86 EPS for the current year.

MSCI Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, August 29th. Investors of record on Friday, August 15th were given a $1.80 dividend. This represents a $7.20 annualized dividend and a yield of 1.3%. The ex-dividend date was Friday, August 15th. MSCI’s dividend payout ratio (DPR) is currently 47.68%.

Analysts Set New Price Targets

MSCI has been the topic of several research reports. Weiss Ratings restated a “buy (b-)” rating on shares of MSCI in a research note on Wednesday, October 8th. Wells Fargo & Company cut their price objective on MSCI from $578.00 to $533.00 and set an “equal weight” rating on the stock in a research note on Wednesday, July 23rd. 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. JPMorgan Chase & Co. upped their price objective on MSCI from $625.00 to $655.00 and gave the company an “overweight” rating in a research note on Wednesday, September 10th. Finally, UBS Group increased their price target on MSCI from $655.00 to $700.00 and gave the stock a “buy” rating in a research report on Tuesday, July 8th. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $647.70.

Insider Buying and Selling

In other MSCI news, CEO Henry A. Fernandez bought 84 shares of the stock in a transaction that occurred on Friday, July 25th. The shares were purchased at an average cost of $548.69 per share, for a total transaction of $46,089.96. Following the transaction, the chief executive officer directly owned 1,279,951 shares in the company, valued at $702,296,314.19. The trade was a 0.01% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In the last 90 days, insiders purchased 12,400 shares of company stock valued at $6,731,599. 3.31% of the stock is owned by company 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.