Mutual of America Capital Management LLC Boosts Holdings in MSCI Inc. (NYSE:MSCI)

Mutual of America Capital Management LLC grew its holdings in shares of MSCI Inc. (NYSE:MSCI) by 9.3% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 12,752 shares of the technology company’s stock after purchasing an additional 1,080 shares during the quarter. Mutual of America Capital Management LLC’s holdings in MSCI were worth $7,147,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Rise Advisors LLC bought a new position in MSCI during the first quarter worth about $26,000. Headinvest LLC bought a new position in shares of MSCI in the third quarter valued at approximately $30,000. American National Bank boosted its position in shares of MSCI by 1,300.0% in the fourth quarter. American National Bank now owns 70 shares of the technology company’s stock valued at $40,000 after acquiring an additional 65 shares during the period. First United Bank & Trust bought a new position in shares of MSCI in the fourth quarter valued at approximately $48,000. Finally, Carolinas Wealth Consulting LLC boosted its position in shares of MSCI by 36.1% in the fourth quarter. Carolinas Wealth Consulting LLC now owns 98 shares of the technology company’s stock valued at $55,000 after acquiring an additional 26 shares during the period. Institutional investors own 89.97% of the company’s stock.

Insider Buying and Selling

In other news, COO Cd Baer Pettit purchased 7,500 shares of the company’s stock in a transaction that occurred on Thursday, April 25th. The shares were bought at an average price of $459.41 per share, for a total transaction of $3,445,575.00. Following the purchase, the chief operating officer now directly owns 291,038 shares in the company, valued at approximately $133,705,767.58. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other MSCI news, insider Scott A. Crum sold 9,000 shares of the business’s stock in a transaction dated Tuesday, April 30th. The stock was sold at an average price of $471.69, for a total value of $4,245,210.00. Following the completion of the transaction, the insider now owns 12,831 shares of the company’s stock, valued at approximately $6,052,254.39. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, COO Cd Baer Pettit bought 7,500 shares of the firm’s stock in a transaction on Thursday, April 25th. The stock was acquired at an average cost of $459.41 per share, with a total value of $3,445,575.00. Following the transaction, the chief operating officer now owns 291,038 shares in the company, valued at approximately $133,705,767.58. The disclosure for this purchase can be found here. 3.20% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

MSCI has been the subject of a number of analyst reports. Morgan Stanley cut their price objective on shares of MSCI from $671.00 to $615.00 and set an “overweight” rating for the company in a research report on Wednesday, April 24th. Redburn Atlantic upgraded shares of MSCI from a “neutral” rating to a “buy” rating and set a $485.00 target price for the company in a research report on Monday, May 13th. Wolfe Research started coverage on shares of MSCI in a research report on Tuesday, March 26th. They set a “peer perform” rating for the company. UBS Group dropped their target price on shares of MSCI from $700.00 to $575.00 and set a “buy” rating for the company in a research report on Wednesday, April 24th. Finally, The Goldman Sachs Group dropped their target price on shares of MSCI from $615.00 to $526.00 and set a “neutral” rating for the company in a research report on Wednesday, April 24th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat, MSCI currently has an average rating of “Moderate Buy” and a consensus target price of $570.53.

MSCI Price Performance

NYSE:MSCI traded down $2.98 during trading hours on Monday, hitting $492.26. The company had a trading volume of 361,258 shares, compared to its average volume of 583,564. MSCI Inc. has a 52 week low of $439.95 and a 52 week high of $617.39. The company has a market capitalization of $39.00 billion, a PE ratio of 33.60, a price-to-earnings-growth ratio of 2.56 and a beta of 1.10. The stock has a 50-day moving average price of $487.20 and a 200 day moving average price of $528.80.

MSCI (NYSE:MSCI) last announced its earnings results on Tuesday, April 23rd. The technology company reported $3.52 EPS for the quarter, beating analysts’ consensus estimates of $3.44 by $0.08. MSCI had a net margin of 44.55% and a negative return on equity of 121.86%. The firm had revenue of $680.00 million for the quarter, compared to analysts’ expectations of $685.47 million. During the same quarter in the previous year, the business posted $3.14 EPS. The company’s quarterly revenue was up 14.8% on a year-over-year basis. Analysts anticipate that MSCI Inc. will post 14.67 EPS for the current fiscal year.

MSCI Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, May 31st. Investors of record on Friday, May 17th were paid a $1.60 dividend. This represents a $6.40 dividend on an annualized basis and a yield of 1.30%. The ex-dividend date of this dividend was Thursday, May 16th. MSCI’s payout ratio is 43.69%.

MSCI Profile

MSCI Inc, together with its subsidiaries, provides critical decision support tools and solutions for the investment community to manage investment processes worldwide. The Index segment provides indexes for use in various areas of the investment process, including indexed financial product, such as ETFs, mutual funds, annuities, futures, options, structured products, and over-the-counter derivatives; performance benchmarking; portfolio construction and rebalancing; and asset allocation, as well as licenses GICS and GICS Direct.