Wealth Alliance Sells 449 Shares of MSCI Inc. (NYSE:MSCI)

Wealth Alliance lessened its stake in shares of MSCI Inc. (NYSE:MSCIGet Rating) by 39.1% during the first quarter, HoldingsChannel.com reports. The fund owned 699 shares of the technology company’s stock after selling 449 shares during the quarter. Wealth Alliance’s holdings in MSCI were worth $352,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in MSCI. Riverview Trust Co bought a new position in shares of MSCI in the 1st quarter worth approximately $25,000. Glassman Wealth Services raised its holdings in MSCI by 50.0% in the 4th quarter. Glassman Wealth Services now owns 60 shares of the technology company’s stock worth $37,000 after purchasing an additional 20 shares during the period. Allworth Financial LP lifted its position in MSCI by 76.6% during the first quarter. Allworth Financial LP now owns 83 shares of the technology company’s stock valued at $42,000 after purchasing an additional 36 shares in the last quarter. Carolinas Wealth Consulting LLC grew its holdings in MSCI by 56.5% during the fourth quarter. Carolinas Wealth Consulting LLC now owns 72 shares of the technology company’s stock valued at $44,000 after purchasing an additional 26 shares during the period. Finally, Rosenberg Matthew Hamilton purchased a new stake in MSCI in the first quarter worth about $50,000. 90.76% of the stock is currently owned by institutional investors.

Insider Buying and Selling at MSCI

In related news, insider Scott A. Crum sold 5,000 shares of the firm’s stock in a transaction on Monday, August 8th. The stock was sold at an average price of $501.46, for a total value of $2,507,300.00. Following the completion of the sale, the insider now directly owns 27,408 shares in the company, valued at $13,744,015.68. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 3.02% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on MSCI shares. Deutsche Bank Aktiengesellschaft lifted their price objective on MSCI from $478.00 to $513.00 in a research report on Wednesday, August 10th. Redburn Partners initiated coverage on shares of MSCI in a research note on Tuesday, May 17th. They issued a “buy” rating for the company. Morgan Stanley lowered their target price on shares of MSCI from $515.00 to $508.00 and set an “equal weight” rating on the stock in a research note on Wednesday, July 27th. UBS Group upped their target price on shares of MSCI from $514.00 to $546.00 and gave the stock a “buy” rating in a report on Friday, July 29th. Finally, Oppenheimer raised their price target on MSCI from $507.00 to $535.00 and gave the company an “outperform” rating in a report on Tuesday. Four equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $517.25.

MSCI Price Performance

NYSE:MSCI opened at $503.62 on Wednesday. The company has a market cap of $40.54 billion, a price-to-earnings ratio of 51.81 and a beta of 1.09. MSCI Inc. has a 1 year low of $376.41 and a 1 year high of $679.85. The stock’s 50 day simple moving average is $438.91 and its two-hundred day simple moving average is $464.47.

MSCI (NYSE:MSCIGet Rating) last posted its earnings results on Tuesday, July 26th. The technology company reported $2.78 earnings per share for the quarter, beating analysts’ consensus estimates of $2.71 by $0.07. The firm had revenue of $551.80 million during the quarter, compared to analyst estimates of $560.24 million. MSCI had a net margin of 36.85% and a negative return on equity of 151.89%. MSCI’s revenue for the quarter was up 10.8% compared to the same quarter last year. During the same period last year, the firm posted $2.45 earnings per share. As a group, analysts anticipate that MSCI Inc. will post 11.35 EPS for the current year.

MSCI Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, August 31st. Investors of record on Friday, August 12th will be given a $1.25 dividend. The ex-dividend date of this dividend is Thursday, August 11th. This represents a $5.00 annualized dividend and a yield of 0.99%. This is a positive change from MSCI’s previous quarterly dividend of $1.04. MSCI’s dividend payout ratio (DPR) is currently 51.44%.

MSCI Profile

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MSCI Inc, together with its subsidiaries, provides investment decision support tools for the clients to manage their investment processes worldwide. It operates through four segments: Index, Analytics, ESG and Climate, and All Other – Private Assets. The Index segment provides indexes for use in various areas of the investment process, including indexed product creation, such as ETFs, mutual funds, annuities, futures, options, structured products, over-the-counter derivatives; performance benchmarking; portfolio construction and rebalancing; and asset allocation, as well as licenses GICS and GICS Direct.

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Institutional Ownership by Quarter for MSCI (NYSE:MSCI)

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