Ossiam Has $27.69 Million Position in MSCI Inc $MSCI

Ossiam reduced its stake in shares of MSCI Inc (NYSE:MSCI) by 31.1% during the 3rd quarter, HoldingsChannel reports. The fund owned 48,793 shares of the technology company’s stock after selling 22,031 shares during the period. Ossiam’s holdings in MSCI were worth $27,686,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Pinnacle Bancorp Inc. purchased a new stake in shares of MSCI during the third quarter worth $27,000. Root Financial Partners LLC purchased a new position in MSCI in the third quarter valued at about $28,000. Strategic Wealth Investment Group LLC acquired a new position in MSCI in the 2nd quarter worth about $36,000. Westside Investment Management Inc. raised its stake in shares of MSCI by 100.0% during the 3rd quarter. Westside Investment Management Inc. now owns 68 shares of the technology company’s stock worth $38,000 after purchasing an additional 34 shares in the last quarter. Finally, Eastern Bank acquired a new stake in shares of MSCI during the 3rd quarter valued at about $50,000. 89.97% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

MSCI has been the subject of several recent research reports. Evercore boosted their price target on MSCI from $655.00 to $690.00 and gave the company an “outperform” rating in a research note on Thursday, January 29th. Raymond James Financial reiterated an “outperform” rating and issued a $690.00 target price on shares of MSCI in a research note on Monday, January 12th. Wells Fargo & Company boosted their target price on shares of MSCI from $590.00 to $618.00 and gave the stock an “equal weight” rating in a research report on Thursday, January 29th. Bank of America began coverage on shares of MSCI in a research note on Tuesday, February 17th. They set a “buy” rating and a $700.00 price target on the stock. Finally, UBS Group set a $638.00 price target on shares of MSCI in a report on Wednesday, January 28th. Nine research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, MSCI presently has an average rating of “Moderate Buy” and a consensus target price of $671.78.

MSCI Stock Performance

Shares of NYSE MSCI opened at $547.34 on Friday. The firm has a market cap of $40.21 billion, a price-to-earnings ratio of 34.88, a P/E/G ratio of 2.19 and a beta of 1.29. The business’s 50-day simple moving average is $568.60 and its 200-day simple moving average is $564.85. MSCI Inc has a 52 week low of $486.73 and a 52 week high of $626.28.

MSCI (NYSE:MSCI) last announced its earnings results on Wednesday, January 28th. The technology company reported $4.66 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.62 by $0.04. MSCI had a negative return on equity of 82.59% and a net margin of 38.36%.The firm had revenue of $822.53 million during the quarter, compared to analysts’ expectations of $819.51 million. During the same quarter in the prior year, the business earned $4.18 earnings per share. The company’s revenue was up 10.6% on a year-over-year basis. As a group, equities research analysts forecast that MSCI Inc will post 16.86 earnings per share for the current year.

MSCI Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, February 27th. Shareholders of record on Friday, February 13th were issued a dividend of $2.05 per share. This represents a $8.20 dividend on an annualized basis and a yield of 1.5%. This is a positive change from MSCI’s previous quarterly dividend of $1.80. The ex-dividend date was Friday, February 13th. MSCI’s dividend payout ratio is currently 52.26%.

Insider Activity

In other MSCI news, CEO Henry A. Fernandez bought 800 shares of the stock in a transaction on Tuesday, February 17th. The shares were purchased at an average price of $518.95 per share, with a total value of $415,160.00. Following the acquisition, the chief executive officer directly owned 1,493,847 shares of the company’s stock, valued at $775,231,900.65. This represents a 0.05% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Corporate insiders own 3.31% of the company’s stock.

MSCI Profile

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.