Sheets Smith Wealth Management Grows Stock Holdings in MSCI Inc. (NYSE:MSCI)


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Sheets Smith Wealth Management increased its stake in shares of MSCI Inc. (NYSE:MSCI) by 4.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,432 shares of the technology company’s stock after buying an additional 56 shares during the period. Sheets Smith Wealth Management’s holdings in MSCI were worth $639,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. Scout Investments Inc. purchased a new stake in MSCI during the fourth quarter worth about $22,127,000. Public Employees Retirement System of Ohio lifted its holdings in shares of MSCI by 1.5% in the third quarter. Public Employees Retirement System of Ohio now owns 32,888 shares of the technology company’s stock valued at $11,734,000 after purchasing an additional 493 shares in the last quarter. Rowland Carmichael Advisors Inc. ADV purchased a new stake in shares of MSCI in the third quarter valued at about $207,000. UBS Asset Management Americas Inc. lifted its holdings in shares of MSCI by 8.1% in the third quarter. UBS Asset Management Americas Inc. now owns 372,368 shares of the technology company’s stock valued at $132,853,000 after purchasing an additional 27,995 shares in the last quarter. Finally, Baldwin Brothers Inc. MA lifted its holdings in shares of MSCI by 1.8% in the fourth quarter. Baldwin Brothers Inc. MA now owns 18,028 shares of the technology company’s stock valued at $8,050,000 after purchasing an additional 317 shares in the last quarter. 81.19% of the stock is currently owned by hedge funds and other institutional investors.

In other news, insider Scott A. Crum sold 1,000 shares of the stock in a transaction on Tuesday, November 17th. The shares were sold at an average price of $395.00, for a total value of $395,000.00. Following the completion of the sale, the insider now owns 28,279 shares of the company’s stock, valued at $11,170,205. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO Cd Baer Pettit sold 2,500 shares of the stock in a transaction on Wednesday, November 4th. The stock was sold at an average price of $378.24, for a total transaction of $945,600.00. Insiders have sold 6,000 shares of company stock valued at $2,401,025 in the last ninety days. 2.94% of the stock is currently owned by company insiders.

Several analysts have issued reports on the stock. Oppenheimer assumed coverage on shares of MSCI in a report on Monday, October 5th. They issued an “outperform” rating and a $416.00 price target on the stock. Atlantic Securities downgraded shares of MSCI from an “overweight” rating to a “neutral” rating in a report on Thursday, November 26th. Morgan Stanley upped their price target on shares of MSCI from $391.00 to $422.00 and gave the company an “equal weight” rating in a report on Wednesday, January 6th. Finally, Barclays upped their price objective on shares of MSCI from $360.00 to $490.00 and gave the company an “overweight” rating in a research note on Thursday, December 17th. Six investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $398.44.

Shares of MSCI stock opened at $438.40 on Thursday. MSCI Inc. has a one year low of $218.65 and a one year high of $455.81. The company has a 50 day moving average price of $430.31 and a 200 day moving average price of $381.13. The firm has a market capitalization of $36.34 billion, a price-to-earnings ratio of 65.53 and a beta of 0.90.

MSCI (NYSE:MSCI) last issued its quarterly earnings results on Tuesday, October 27th. The technology company reported $2.20 EPS for the quarter, topping the consensus estimate of $1.83 by $0.37. MSCI had a net margin of 34.28% and a negative return on equity of 226.94%. The firm had revenue of $425.33 million during the quarter, compared to analyst estimates of $424.48 million. During the same quarter in the prior year, the business posted $1.68 earnings per share. MSCI’s revenue for the quarter was up 7.9% compared to the same quarter last year. Sell-side analysts anticipate that MSCI Inc. will post 7.81 earnings per share for the current fiscal year.

MSCI Profile

MSCI Inc, together with its subsidiaries, provides investment decision support tools for the clients to manage their investment processes worldwide. The company operates through four segments: Index, Analytics, ESG, and Real Estate. The Index segment primarily provides equity indexes for use in various areas of the investment process, including index-linked product creation and performance benchmarking, as well as portfolio construction and rebalancing, broker-dealer structured products, and asset allocation.

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Institutional Ownership by Quarter for MSCI (NYSE:MSCI)

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