Fundsmith LLP Buys New Holdings in Msci Inc (MSCI)

Fundsmith LLP bought a new position in Msci Inc (NYSE:MSCI) during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 144,247 shares of the technology company’s stock, valued at approximately $21,266,000. Msci comprises about 0.1% of Fundsmith LLP’s investment portfolio, making the stock its 28th biggest holding. Fundsmith LLP owned about 0.16% of Msci at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of the company. Dock Street Asset Management Inc. increased its position in shares of Msci by 1.7% in the 4th quarter. Dock Street Asset Management Inc. now owns 61,470 shares of the technology company’s stock valued at $9,063,000 after acquiring an additional 1,011 shares during the period. AXA increased its holdings in shares of Msci by 54.1% during the 3rd quarter. AXA now owns 169,182 shares of the technology company’s stock worth $30,015,000 after buying an additional 59,373 shares during the last quarter. Douglass Winthrop Advisors LLC increased its holdings in shares of Msci by 30.5% during the 4th quarter. Douglass Winthrop Advisors LLC now owns 2,095 shares of the technology company’s stock worth $309,000 after buying an additional 490 shares during the last quarter. Pennsylvania Trust Co increased its holdings in shares of Msci by 48.1% during the 4th quarter. Pennsylvania Trust Co now owns 33,179 shares of the technology company’s stock worth $4,891,000 after buying an additional 10,775 shares during the last quarter. Finally, State of Alaska Department of Revenue increased its holdings in shares of Msci by 4.6% during the 4th quarter. State of Alaska Department of Revenue now owns 22,371 shares of the technology company’s stock worth $3,297,000 after buying an additional 977 shares during the last quarter. 89.06% of the stock is currently owned by hedge funds and other institutional investors.

In related news, insider Scott A. Crum sold 19,000 shares of Msci stock in a transaction that occurred on Friday, February 15th. The shares were sold at an average price of $175.14, for a total value of $3,327,660.00. Following the completion of the sale, the insider now owns 96,999 shares in the company, valued at approximately $16,988,404.86. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.36% of the stock is currently owned by company insiders.

Shares of NYSE MSCI traded up $0.54 during midday trading on Thursday, reaching $186.13. 79,712 shares of the stock were exchanged, compared to its average volume of 557,151. The company has a market capitalization of $15.66 billion, a P/E ratio of 34.79, a P/E/G ratio of 3.08 and a beta of 1.15. The company has a debt-to-equity ratio of 6.80, a current ratio of 1.77 and a quick ratio of 1.77. Msci Inc has a twelve month low of $134.28 and a twelve month high of $193.94.

Msci (NYSE:MSCI) last announced its quarterly earnings results on Thursday, January 31st. The technology company reported $1.31 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.30 by $0.01. Msci had a net margin of 35.42% and a return on equity of 196.12%. The business had revenue of $361.69 million during the quarter, compared to the consensus estimate of $360.95 million. As a group, research analysts expect that Msci Inc will post 6.01 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, March 15th. Investors of record on Friday, February 22nd will be issued a $0.58 dividend. The ex-dividend date is Thursday, February 21st. This represents a $2.32 annualized dividend and a yield of 1.25%. Msci’s dividend payout ratio (DPR) is presently 43.36%.

A number of analysts have recently issued reports on MSCI shares. Morgan Stanley cut their price target on shares of Msci from $172.00 to $159.00 and set an “equal weight” rating for the company in a report on Tuesday, January 8th. Barclays upgraded shares of Msci from an “equal weight” rating to an “overweight” rating and raised their price target for the stock from $165.00 to $175.00 in a report on Friday, December 7th. BMO Capital Markets set a $190.00 price target on shares of Msci and gave the stock a “buy” rating in a report on Saturday, February 2nd. UBS Group restated a “buy” rating and set a $196.00 price target (up previously from $159.00) on shares of Msci in a report on Friday, February 1st. Finally, Cantor Fitzgerald raised their price target on shares of Msci to $188.00 and gave the stock a “buy” rating in a report on Friday, February 1st. Four research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The company has an average rating of “Buy” and an average price target of $186.56.

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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, and asset allocation.

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Institutional Ownership by Quarter for Msci (NYSE:MSCI)

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