Runnymede Capital Advisors Inc. Takes Position in MSCI Inc $MSCI

Runnymede Capital Advisors Inc. purchased a new position in shares of MSCI Inc (NYSE:MSCI) in the 4th quarter, according to the company in its most recent filing with the SEC. The fund purchased 3,290 shares of the technology company’s stock, valued at approximately $1,888,000. MSCI accounts for approximately 1.1% of Runnymede Capital Advisors Inc.’s holdings, making the stock its 25th biggest position.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Empowered Funds LLC boosted its stake in MSCI by 7.6% in the first quarter. Empowered Funds LLC now owns 2,003 shares of the technology company’s stock valued at $1,133,000 after acquiring an additional 142 shares during the last quarter. Woodline Partners LP grew its holdings in MSCI by 39.0% during the 1st quarter. Woodline Partners LP now owns 6,585 shares of the technology company’s stock worth $3,724,000 after acquiring an additional 1,846 shares during the period. Sivia Capital Partners LLC raised its position in shares of MSCI by 20.9% during the 2nd quarter. Sivia Capital Partners LLC now owns 1,052 shares of the technology company’s stock valued at $607,000 after acquiring an additional 182 shares during the last quarter. California Public Employees Retirement System lifted its stake in shares of MSCI by 3.0% in the 2nd quarter. California Public Employees Retirement System now owns 194,177 shares of the technology company’s stock valued at $111,990,000 after purchasing an additional 5,569 shares during the period. Finally, Bank of Nova Scotia lifted its stake in shares of MSCI by 127.7% in the 2nd quarter. Bank of Nova Scotia now owns 59,638 shares of the technology company’s stock valued at $34,396,000 after purchasing an additional 33,445 shares during the period. 89.97% of the stock is owned by institutional investors.

MSCI Stock Performance

Shares of MSCI opened at $543.78 on Monday. The stock has a 50 day simple moving average of $555.00 and a 200 day simple moving average of $562.16. MSCI Inc has a 52-week low of $486.73 and a 52-week high of $626.28. The firm has a market capitalization of $39.95 billion, a PE ratio of 34.66, a P/E/G ratio of 2.22 and a beta of 1.30.

MSCI (NYSE:MSCI) last announced its earnings results on Wednesday, January 28th. The technology company reported $4.66 EPS for the quarter, topping the consensus estimate of $4.62 by $0.04. MSCI had a net margin of 38.36% and a negative return on equity of 82.59%. The firm had revenue of $822.53 million for the quarter, compared to the consensus estimate of $819.51 million. During the same period last year, the company posted $4.18 EPS. The business’s quarterly revenue was up 10.6% on a year-over-year basis. Equities research analysts predict that MSCI Inc will post 16.86 EPS for the current fiscal year.

MSCI Increases Dividend

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

Analyst Upgrades and Downgrades

A number of brokerages recently commented on MSCI. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $655.00 price objective on shares of MSCI in a research note on Thursday, January 29th. Barclays reissued an “overweight” rating on shares of MSCI in a research note on Thursday, January 29th. UBS Group set a $638.00 target price on MSCI in a report on Wednesday, January 28th. Evercore boosted their target price on MSCI from $655.00 to $690.00 and gave the stock an “outperform” rating in a research report on Thursday, January 29th. Finally, Bank of America initiated coverage on MSCI in a research note on Tuesday, February 17th. They issued a “buy” rating and a $700.00 price target for the company. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $665.89.

Insider Buying and Selling at MSCI

In related news, CFO Andrew C. Wiechmann sold 450 shares of the business’s stock in a transaction on Tuesday, March 17th. The shares were sold at an average price of $560.00, for a total value of $252,000.00. Following the sale, the chief financial officer directly owned 22,544 shares of the company’s stock, valued at approximately $12,624,640. The trade was a 1.96% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Henry A. Fernandez bought 800 shares of MSCI stock in a transaction that occurred on Tuesday, February 17th. The stock was bought at an average cost of $518.95 per share, with a total value of $415,160.00. Following the completion of the purchase, the chief executive officer owned 1,493,847 shares in the company, valued at approximately $775,231,900.65. This trade represents a 0.05% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders own 3.76% 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.