MSCI Inc $MSCI Shares Bought by Sagespring Wealth Partners LLC

Sagespring Wealth Partners LLC grew its stake in shares of MSCI Inc (NYSE:MSCIFree Report) by 18.0% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 557 shares of the technology company’s stock after acquiring an additional 85 shares during the period. Sagespring Wealth Partners LLC’s holdings in MSCI were worth $321,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of MSCI. Boston Trust Walden Corp acquired a new stake in shares of MSCI in the 2nd quarter worth approximately $6,977,000. TD Asset Management Inc boosted its position in MSCI by 196.4% during the second quarter. TD Asset Management Inc now owns 112,214 shares of the technology company’s stock worth $64,718,000 after purchasing an additional 74,361 shares in the last quarter. Wilson Asset Management International PTY Ltd. grew its holdings in MSCI by 11.5% in the second quarter. Wilson Asset Management International PTY Ltd. now owns 34,819 shares of the technology company’s stock valued at $20,082,000 after purchasing an additional 3,587 shares during the last quarter. Wilmington Savings Fund Society FSB increased its position in shares of MSCI by 18.6% in the second quarter. Wilmington Savings Fund Society FSB now owns 1,057 shares of the technology company’s stock valued at $610,000 after buying an additional 166 shares in the last quarter. Finally, NorthRock Partners LLC raised its stake in shares of MSCI by 63.6% during the 2nd quarter. NorthRock Partners LLC now owns 1,417 shares of the technology company’s stock worth $817,000 after buying an additional 551 shares during the last quarter. Hedge funds and other institutional investors own 89.97% of the company’s stock.

Insider Buying and Selling at MSCI

In other MSCI news, CEO Henry A. Fernandez acquired 9,916 shares of the firm’s stock in a transaction dated Thursday, July 24th. The shares were acquired at an average price of $544.70 per share, for a total transaction of $5,401,245.20. Following the completion of the acquisition, the chief executive officer directly owned 1,279,867 shares of the company’s stock, valued at $697,143,554.90. This trade represents a 0.78% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Over the last 90 days, insiders acquired 12,400 shares of company stock worth $6,731,599. Corporate insiders own 3.31% of the company’s stock.

Analyst Ratings Changes

MSCI has been the topic of a number of research reports. Seaport Res Ptn raised shares of MSCI to a “strong-buy” rating in a research note on Wednesday, October 1st. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of MSCI in a report on Wednesday, October 8th. Evercore ISI raised their price objective on shares of MSCI from $588.00 to $611.00 and gave the stock an “outperform” rating in a research note on Tuesday. UBS Group upped their target price on MSCI from $655.00 to $700.00 and gave the company a “buy” rating in a research note on Tuesday, July 8th. Finally, JPMorgan Chase & Co. increased their target price on MSCI from $625.00 to $655.00 and gave the company an “overweight” rating in a report on Wednesday, September 10th. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and three have given a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $647.70.

Get Our Latest Stock Report on MSCI

MSCI Trading Up 0.3%

NYSE:MSCI opened at $534.91 on Friday. The firm has a market cap of $41.38 billion, a price-to-earnings ratio of 35.42, a price-to-earnings-growth ratio of 2.60 and a beta of 1.33. The company’s 50-day moving average is $563.02 and its two-hundred day moving average is $558.56. MSCI Inc has a 12-month low of $486.73 and a 12-month high of $642.45.

MSCI (NYSE:MSCIGet Free Report) last issued its quarterly earnings results on Tuesday, July 22nd. The technology company reported $4.17 EPS for the quarter, topping analysts’ consensus estimates of $4.12 by $0.05. The business had revenue of $772.68 million during the quarter, compared to the consensus estimate of $763.06 million. MSCI had a net margin of 39.46% and a negative return on equity of 143.13%. The company’s quarterly revenue was up 9.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $3.64 earnings per share. On average, equities research analysts forecast that MSCI Inc will post 16.86 earnings per share for the current fiscal year.

MSCI Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, August 29th. Shareholders of record on Friday, August 15th were paid a dividend of $1.80 per share. This represents a $7.20 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date of this dividend was Friday, August 15th. MSCI’s dividend payout ratio is currently 47.68%.

MSCI Company Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for MSCI (NYSE:MSCI)

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