Loring Wolcott & Coolidge Fiduciary Advisors LLP MA Has $18.17 Million Stock Position in MSCI Inc $MSCI

Loring Wolcott & Coolidge Fiduciary Advisors LLP MA raised its stake in MSCI Inc (NYSE:MSCI) by 4.5% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 33,729 shares of the technology company’s stock after purchasing an additional 1,449 shares during the quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA’s holdings in MSCI were worth $18,172,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also bought and sold shares of the company. Steph & Co. bought a new position in MSCI during the second quarter valued at $35,000. Strategic Wealth Investment Group LLC purchased a new position in MSCI in the 2nd quarter worth approximately $36,000. Migdal Insurance & Financial Holdings Ltd. boosted its holdings in shares of MSCI by 47.0% in the 2nd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 97 shares of the technology company’s stock worth $56,000 after purchasing an additional 31 shares in the last quarter. Elevation Point Wealth Partners LLC bought a new position in shares of MSCI during the 2nd quarter valued at about $61,000. Finally, Generali Investments Management Co LLC purchased a new position in shares of MSCI during the 2nd quarter valued at about $62,000. Institutional investors own 89.97% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have weighed in on MSCI. Weiss Ratings reiterated a “hold (c+)” rating on shares of MSCI in a research report on Monday, December 29th. Evercore ISI lifted their target price on shares of MSCI from $588.00 to $611.00 and gave the company an “outperform” rating in a research note on Tuesday, October 14th. JPMorgan Chase & Co. increased their price target on shares of MSCI from $655.00 to $680.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 29th. UBS Group increased their target price on MSCI from $700.00 to $710.00 and gave the stock a “buy” rating in a research report on Wednesday, October 29th. Finally, Wells Fargo & Company increased their price objective on MSCI from $533.00 to $570.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 29th. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $642.63.

MSCI Stock Down 0.0%

NYSE MSCI opened at $581.11 on Monday. MSCI Inc has a 52 week low of $486.73 and a 52 week high of $634.99. The stock’s 50-day moving average price is $565.90 and its 200-day moving average price is $564.28. The company has a market capitalization of $43.66 billion, a P/E ratio of 36.83 and a beta of 1.30.

MSCI (NYSE:MSCI) last issued its quarterly earnings data on Tuesday, October 28th. The technology company reported $4.47 earnings per share for the quarter, beating analysts’ consensus estimates of $4.37 by $0.10. The firm had revenue of $793.43 million during the quarter, compared to analyst estimates of $794.87 million. MSCI had a negative return on equity of 110.94% and a net margin of 40.03%.The business’s quarterly revenue was up 9.5% compared to the same quarter last year. During the same quarter last year, the business posted $3.86 earnings per share. Research analysts anticipate that MSCI Inc will post 16.86 EPS for the current year.

MSCI Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 28th. Investors of record on Friday, November 14th were given a dividend of $1.80 per share. The ex-dividend date of this dividend was Friday, November 14th. This represents a $7.20 dividend on an annualized basis and a yield of 1.2%. MSCI’s dividend payout ratio (DPR) is presently 45.63%.

MSCI announced that its board has approved a stock repurchase plan on Tuesday, October 28th that authorizes the company to repurchase $3.00 billion in shares. This repurchase authorization authorizes the technology company to reacquire up to 7.1% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company’s board believes its shares are undervalued.

Insiders Place Their Bets

In related news, CEO Henry A. Fernandez acquired 2,290 shares of the business’s stock in a transaction dated Friday, December 5th. The shares were purchased at an average price of $536.17 per share, for a total transaction of $1,227,829.30. Following the completion of the acquisition, the chief executive officer directly owned 335,069 shares in the company, valued at $179,653,945.73. The trade was a 0.69% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, General Counsel Robert J. Gutowski sold 624 shares of the stock in a transaction dated Monday, November 24th. The stock was sold at an average price of $558.42, for a total value of $348,454.08. Following the sale, the general counsel directly owned 15,945 shares in the company, valued at $8,904,006.90. This represents a 3.77% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 3.31% of the company’s stock.

MSCI Profile

MSCI Inc is a global provider of investment decision support tools and services for the financial industry. The company is best known for its family of market indexes, which are widely used as benchmarks by asset managers and as the basis for exchange-traded funds and other passive products. In addition to index construction and licensing, MSCI offers portfolio analytics, risk models, factor and performance attribution tools, and a suite of data and technology solutions designed to support portfolio management and trading.

Beyond traditional indexing and risk analytics, MSCI has expanded into environmental, social and governance (ESG) research and ratings, offering data, scores and screening tools that help investors integrate sustainability considerations into investment processes.