MSCI Inc. (NYSE:MSCI) Shares Bought by Azimuth Capital Investment Management LLC

Azimuth Capital Investment Management LLC raised its holdings in MSCI Inc. (NYSE:MSCIFree Report) by 1.8% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 15,525 shares of the technology company’s stock after acquiring an additional 270 shares during the quarter. Azimuth Capital Investment Management LLC’s holdings in MSCI were worth $8,782,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Parkside Financial Bank & Trust grew its holdings in MSCI by 12.2% during the fourth quarter. Parkside Financial Bank & Trust now owns 165 shares of the technology company’s stock valued at $93,000 after purchasing an additional 18 shares during the last quarter. Legacy Advisors LLC lifted its holdings in shares of MSCI by 2.8% during the fourth quarter. Legacy Advisors LLC now owns 664 shares of the technology company’s stock valued at $376,000 after acquiring an additional 18 shares during the period. Quent Capital LLC lifted its holdings in shares of MSCI by 23.5% during the fourth quarter. Quent Capital LLC now owns 100 shares of the technology company’s stock valued at $57,000 after acquiring an additional 19 shares during the period. Balentine LLC lifted its holdings in shares of MSCI by 3.6% during the third quarter. Balentine LLC now owns 572 shares of the technology company’s stock valued at $293,000 after acquiring an additional 20 shares during the period. Finally, QRG Capital Management Inc. increased its stake in shares of MSCI by 0.6% in the fourth quarter. QRG Capital Management Inc. now owns 3,781 shares of the technology company’s stock valued at $2,139,000 after buying an additional 23 shares in the last quarter. 89.97% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at MSCI

In related news, COO Cd Baer Pettit bought 7,500 shares of the stock in a transaction on Thursday, April 25th. The stock was bought at an average price of $459.41 per share, for a total transaction of $3,445,575.00. Following the completion of the acquisition, the chief operating officer now directly owns 291,038 shares in the company, valued at $133,705,767.58. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other MSCI news, COO Cd Baer Pettit purchased 7,500 shares of MSCI stock in a transaction dated Thursday, April 25th. The shares were acquired at an average cost of $459.41 per share, with a total value of $3,445,575.00. Following the completion of the transaction, the chief operating officer now owns 291,038 shares in the company, valued at approximately $133,705,767.58. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CEO Henry A. Fernandez purchased 13,000 shares of MSCI stock in a transaction dated Thursday, April 25th. The shares were acquired at an average cost of $465.92 per share, for a total transaction of $6,056,960.00. Following the completion of the transaction, the chief executive officer now owns 327,479 shares of the company’s stock, valued at approximately $152,579,015.68. The disclosure for this purchase can be found here. Company insiders own 3.20% of the company’s stock.

MSCI Stock Performance

Shares of MSCI stock traded down $1.40 on Friday, reaching $491.69. The stock had a trading volume of 392,052 shares, compared to its average volume of 597,588. The stock has a market cap of $38.95 billion, a P/E ratio of 33.68, a price-to-earnings-growth ratio of 2.57 and a beta of 1.11. MSCI Inc. has a 1 year low of $439.95 and a 1 year high of $617.39. The company has a 50 day simple moving average of $500.74 and a 200 day simple moving average of $535.08.

MSCI (NYSE:MSCIGet Free Report) last posted its quarterly earnings results on Tuesday, April 23rd. The technology company reported $3.52 EPS for the quarter, beating analysts’ consensus estimates of $3.44 by $0.08. MSCI had a negative return on equity of 121.86% and a net margin of 44.55%. The business had revenue of $680.00 million for the quarter, compared to analysts’ expectations of $685.47 million. During the same period last year, the firm earned $3.14 earnings per share. The business’s quarterly revenue was up 14.8% on a year-over-year basis. On average, equities research analysts anticipate that MSCI Inc. will post 14.66 earnings per share for the current fiscal year.

MSCI Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 31st. Shareholders of record on Friday, May 17th were paid a dividend of $1.60 per share. The ex-dividend date was Thursday, May 16th. This represents a $6.40 annualized dividend and a yield of 1.30%. MSCI’s payout ratio is currently 43.69%.

Analyst Ratings Changes

A number of brokerages recently commented on MSCI. Deutsche Bank Aktiengesellschaft upgraded MSCI from a “hold” rating to a “buy” rating and lowered their price objective for the stock from $613.00 to $569.00 in a research report on Wednesday, April 24th. StockNews.com cut MSCI from a “buy” rating to a “hold” rating in a research note on Tuesday, February 20th. Bank of America upgraded MSCI from an “underperform” rating to a “neutral” rating and upped their price objective for the stock from $425.00 to $525.00 in a research note on Tuesday, April 30th. Barclays decreased their price objective on MSCI from $700.00 to $600.00 and set an “overweight” rating on the stock in a report on Wednesday, April 24th. Finally, Wolfe Research started coverage on MSCI in a research report on Tuesday, March 26th. They set a “peer perform” rating for the company. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $570.53.

Check Out Our Latest Report on MSCI

About MSCI

(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.

Further Reading

Institutional Ownership by Quarter for MSCI (NYSE:MSCI)

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