MSCI Inc. (NYSE:MSCI) Shares Bought by Canoe Financial LP

Canoe Financial LP grew its stake in MSCI Inc. (NYSE:MSCI) by 700.4% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 186,131 shares of the technology company’s stock after buying an additional 162,877 shares during the quarter. MSCI accounts for about 1.6% of Canoe Financial LP’s portfolio, making the stock its 24th largest holding. Canoe Financial LP’s holdings in MSCI were worth $111,680,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently modified their holdings of the stock. HWG Holdings LP purchased a new position in MSCI in the second quarter valued at $27,000. LRI Investments LLC increased its stake in shares of MSCI by 120.0% in the 3rd quarter. LRI Investments LLC now owns 44 shares of the technology company’s stock valued at $27,000 after purchasing an additional 24 shares in the last quarter. True Wealth Design LLC acquired a new position in MSCI in the 3rd quarter worth about $38,000. Ashton Thomas Securities LLC purchased a new position in MSCI during the third quarter worth approximately $40,000. Finally, Planning Capital Management Corp increased its position in shares of MSCI by 35.1% in the third quarter. Planning Capital Management Corp now owns 77 shares of the technology company’s stock valued at $45,000 after buying an additional 20 shares in the last quarter. Hedge funds and other institutional investors own 89.97% of the company’s stock.

Insider Activity at MSCI

In related news, CEO Henry A. Fernandez purchased 2,900 shares of the stock in a transaction that occurred on Thursday, December 5th. The shares were purchased at an average price of $612.80 per share, with a total value of $1,777,120.00. Following the completion of the acquisition, the chief executive officer now directly owns 330,379 shares in the company, valued at $202,456,251.20. This represents a 0.89 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 3.20% of the stock is owned by insiders.

MSCI Trading Up 0.4 %

Shares of MSCI stock opened at $612.25 on Friday. MSCI Inc. has a 12 month low of $439.95 and a 12 month high of $642.45. The company has a market cap of $47.98 billion, a P/E ratio of 40.20, a PEG ratio of 2.61 and a beta of 1.11. The firm has a fifty day moving average price of $603.57 and a 200 day moving average price of $573.14.

MSCI (NYSE:MSCI) last issued its quarterly earnings data on Tuesday, October 29th. The technology company reported $3.86 earnings per share for the quarter, topping the consensus estimate of $3.77 by $0.09. The business had revenue of $724.70 million during the quarter, compared to the consensus estimate of $716.15 million. MSCI had a net margin of 43.06% and a negative return on equity of 162.06%. The company’s revenue was up 15.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $3.45 EPS. On average, equities analysts forecast that MSCI Inc. will post 14.99 EPS for the current year.

MSCI Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, November 29th. Stockholders of record on Friday, November 15th were issued a $1.60 dividend. The ex-dividend date was Friday, November 15th. This represents a $6.40 dividend on an annualized basis and a dividend yield of 1.05%. MSCI’s payout ratio is 42.02%.

Wall Street Analyst Weigh In

MSCI has been the topic of several recent analyst reports. The Goldman Sachs Group raised shares of MSCI from a “neutral” rating to a “buy” rating and increased their price objective for the company from $617.00 to $723.00 in a report on Wednesday, December 18th. Morgan Stanley upped their target price on MSCI from $662.00 to $695.00 and gave the company an “overweight” rating in a report on Thursday, December 12th. Redburn Atlantic raised shares of MSCI from a “neutral” rating to a “buy” rating and set a $680.00 price target on the stock in a research report on Wednesday, October 9th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $638.00 target price on shares of MSCI in a research report on Wednesday, October 30th. Finally, Evercore ISI assumed coverage on MSCI in a research report on Wednesday, October 2nd. They set an “outperform” rating and a $690.00 price target for the company. Four equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $645.67.

MSCI Company 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.