Katamaran Capital LLP Buys New Holdings in MSCI Inc $MSCI

Katamaran Capital LLP bought a new stake in MSCI Inc (NYSE:MSCI) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 3,131 shares of the technology company’s stock, valued at approximately $1,806,000. MSCI comprises about 1.7% of Katamaran Capital LLP’s portfolio, making the stock its 20th biggest holding.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in MSCI. Olde Wealth Management LLC acquired a new position in shares of MSCI during the first quarter worth about $27,000. Meeder Asset Management Inc. lifted its stake in shares of MSCI by 136.4% during the first quarter. Meeder Asset Management Inc. now owns 52 shares of the technology company’s stock worth $29,000 after purchasing an additional 30 shares in the last quarter. Steph & Co. acquired a new position in shares of MSCI during the second quarter worth about $35,000. Migdal Insurance & Financial Holdings Ltd. lifted its stake in shares of MSCI by 50.0% during the first quarter. Migdal Insurance & Financial Holdings Ltd. now owns 66 shares of the technology company’s stock worth $37,000 after purchasing an additional 22 shares in the last quarter. Finally, Banque Transatlantique SA lifted its stake in shares of MSCI by 355.6% during the first quarter. Banque Transatlantique SA now owns 82 shares of the technology company’s stock worth $43,000 after purchasing an additional 64 shares in the last quarter. Institutional investors and hedge funds own 89.97% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have commented on MSCI. Weiss Ratings restated a “buy (b-)” rating on shares of MSCI in a research note on Wednesday. Raymond James Financial upgraded MSCI from a “market perform” rating to an “outperform” rating and set a $650.00 price objective on the stock in a research note on Friday, July 25th. UBS Group boosted their price objective on MSCI from $655.00 to $700.00 and gave the stock a “buy” rating in a research note on Tuesday, July 8th. Wells Fargo & Company cut their price target on MSCI from $578.00 to $533.00 and set an “equal weight” rating on the stock in a research note on Wednesday, July 23rd. Finally, JPMorgan Chase & Co. boosted their price target on MSCI from $625.00 to $655.00 and gave the stock an “overweight” rating in a research note on Wednesday, September 10th. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $649.70.

Insiders Place Their Bets

In other news, CEO Henry A. Fernandez acquired 84 shares of the stock in a transaction that occurred on Friday, July 25th. The stock was purchased at an average cost of $548.69 per share, with a total value of $46,089.96. Following the completion of the acquisition, the chief executive officer directly owned 1,279,951 shares in the company, valued at $702,296,314.19. This represents a 0.01% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders bought 12,400 shares of company stock valued at $6,731,599 over the last three months. 3.31% of the stock is owned by insiders.

MSCI Stock Performance

NYSE:MSCI opened at $558.10 on Friday. MSCI Inc has a one year low of $486.73 and a one year high of $642.45. The business’s 50-day simple moving average is $564.23 and its 200 day simple moving average is $559.49. The stock has a market cap of $43.17 billion, a price-to-earnings ratio of 36.96, a price-to-earnings-growth ratio of 2.77 and a beta of 1.33.

MSCI (NYSE:MSCI) last announced its quarterly earnings data on Tuesday, July 22nd. The technology company reported $4.17 earnings per share for the quarter, beating the consensus estimate of $4.12 by $0.05. The firm had revenue of $772.68 million during the quarter, compared to analyst estimates of $763.06 million. MSCI had a negative return on equity of 143.13% and a net margin of 39.46%.MSCI’s quarterly revenue was up 9.1% on a year-over-year basis. During the same period in the previous year, the company earned $3.64 earnings per share. On average, equities research analysts predict that MSCI Inc will post 16.86 EPS for the current year.

MSCI Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 29th. Investors of record on Friday, August 15th were issued a $1.80 dividend. This represents a $7.20 annualized dividend and a yield of 1.3%. The ex-dividend date of this dividend was Friday, August 15th. MSCI’s payout ratio is currently 47.68%.

About MSCI

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.