MSCI Inc $MSCI Shares Purchased by Fairtree Asset Management Pty Ltd

Fairtree Asset Management Pty Ltd boosted its position in shares of MSCI Inc (NYSE:MSCI) by 97.4% in the third quarter, according to the company in its most recent filing with the SEC. The firm owned 3,227 shares of the technology company’s stock after acquiring an additional 1,592 shares during the quarter. MSCI comprises about 1.2% of Fairtree Asset Management Pty Ltd’s portfolio, making the stock its 23rd largest position. Fairtree Asset Management Pty Ltd’s holdings in MSCI were worth $1,831,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in MSCI. Pinnacle Bancorp Inc. purchased a new position in shares of MSCI in the third quarter worth about $27,000. Root Financial Partners LLC purchased a new stake in MSCI in the third quarter valued at approximately $28,000. Strategic Wealth Investment Group LLC acquired a new position in MSCI in the 2nd quarter worth approximately $36,000. Westside Investment Management Inc. increased its holdings in MSCI by 100.0% in the 3rd quarter. Westside Investment Management Inc. now owns 68 shares of the technology company’s stock worth $38,000 after buying an additional 34 shares during the period. Finally, Eastern Bank purchased a new position in MSCI during the 3rd quarter worth approximately $50,000. Hedge funds and other institutional investors own 89.97% of the company’s stock.

MSCI Stock Down 0.3%

NYSE:MSCI opened at $570.93 on Monday. MSCI Inc has a 52 week low of $486.73 and a 52 week high of $626.28. The stock has a market capitalization of $41.95 billion, a PE ratio of 36.39, a price-to-earnings-growth ratio of 2.33 and a beta of 1.29. The stock’s 50-day moving average price is $572.43 and its 200-day moving average price is $565.37.

MSCI (NYSE:MSCI) last released its quarterly earnings results on Wednesday, January 28th. The technology company reported $4.66 earnings per share for the quarter, topping analysts’ consensus estimates of $4.62 by $0.04. MSCI had a negative return on equity of 82.59% and a net margin of 38.36%.The company had revenue of $822.53 million during the quarter, compared to analysts’ expectations of $819.51 million. During the same quarter in the prior year, the firm posted $4.18 EPS. MSCI’s quarterly revenue was up 10.6% compared to the same quarter last year. Sell-side analysts expect that MSCI Inc will post 16.86 earnings per share for the current fiscal year.

MSCI Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, February 27th. Investors of record on Friday, February 13th were paid a $2.05 dividend. The ex-dividend date of this dividend was Friday, February 13th. This represents a $8.20 dividend on an annualized basis and a yield of 1.4%. This is an increase from MSCI’s previous quarterly dividend of $1.80. MSCI’s dividend payout ratio is 52.26%.

Insiders Place Their Bets

In related news, CEO Henry A. Fernandez purchased 800 shares of the business’s stock in a transaction that occurred on Tuesday, February 17th. The stock was bought at an average price of $518.95 per share, with a total value of $415,160.00. Following the acquisition, the chief executive officer owned 1,493,847 shares in the company, valued at $775,231,900.65. The trade was a 0.05% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Andrew C. Wiechmann sold 450 shares of the company’s stock in a transaction on Thursday, December 11th. The stock was sold at an average price of $550.00, for a total transaction of $247,500.00. Following the transaction, the chief financial officer owned 21,639 shares of the company’s stock, valued at $11,901,450. This represents a 2.04% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders purchased a total of 19,300 shares of company stock worth $10,261,957 in the last three months. 3.31% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several research firms have recently commented on MSCI. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a $715.00 price objective on shares of MSCI in a report on Thursday, January 29th. Bank of America started coverage on shares of MSCI in a report on Tuesday, February 17th. They issued a “buy” rating and a $700.00 price target on the stock. Weiss Ratings raised MSCI from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday. UBS Group set a $638.00 price objective on MSCI in a report on Wednesday, January 28th. Finally, Barclays restated an “overweight” rating on shares of MSCI in a research note on Thursday, January 29th. Nine analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, MSCI currently has a consensus rating of “Moderate Buy” and an average target price of $671.78.

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.