Bristol Gate Capital Partners Inc. Sells 2,403 Shares of MSCI Inc $MSCI

Bristol Gate Capital Partners Inc. cut its stake in MSCI Inc (NYSE:MSCI) by 1.9% during the fourth quarter, HoldingsChannel reports. The firm owned 120,907 shares of the technology company’s stock after selling 2,403 shares during the period. MSCI accounts for about 4.0% of Bristol Gate Capital Partners Inc.’s holdings, making the stock its 20th largest position. Bristol Gate Capital Partners Inc.’s holdings in MSCI were worth $69,369,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. Root Financial Partners LLC bought a new position in shares of MSCI in the third quarter worth about $28,000. Mowery & Schoenfeld Wealth Management LLC grew its holdings in shares of MSCI by 341.7% in the fourth quarter. Mowery & Schoenfeld Wealth Management LLC now owns 53 shares of the technology company’s stock worth $30,000 after purchasing an additional 41 shares during the last quarter. Eagle Bay Advisors LLC bought a new position in shares of MSCI in the fourth quarter worth about $34,000. Elyxium Wealth LLC bought a new position in shares of MSCI in the fourth quarter worth about $34,000. Finally, Strategic Wealth Investment Group LLC bought a new position in shares of MSCI in the second quarter worth about $36,000. 89.97% of the stock is currently owned by institutional investors.

Insider Transactions at MSCI

In other news, insider Alvise J. Munari sold 10,000 shares of the firm’s stock in a transaction dated Friday, April 24th. The shares were sold at an average price of $592.04, for a total value of $5,920,400.00. Following the sale, the insider directly owned 23,548 shares in the company, valued at approximately $13,941,357.92. This trade represents a 29.81% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Andrew C. Wiechmann sold 450 shares of the firm’s stock in a transaction dated Tuesday, March 17th. The shares were sold at an average price of $560.00, for a total transaction of $252,000.00. Following the completion of the sale, the chief financial officer owned 22,544 shares in the company, valued at $12,624,640. This represents a 1.96% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 3.76% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several brokerages have issued reports on MSCI. Raymond James Financial reiterated a “strong-buy” rating and set a $730.00 target price on shares of MSCI in a report on Tuesday, April 21st. Barclays reiterated an “overweight” rating on shares of MSCI in a report on Thursday, January 29th. Morgan Stanley increased their target price on shares of MSCI from $719.00 to $727.00 and gave the stock an “overweight” rating in a report on Wednesday, April 22nd. Evercore increased their target price on shares of MSCI from $655.00 to $690.00 and gave the stock an “outperform” rating in a report on Thursday, January 29th. Finally, Royal Bank Of Canada reiterated an “outperform” rating and set a $655.00 target price on shares of MSCI in a report on Wednesday, April 22nd. One research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of $692.70.

MSCI Price Performance

Shares of MSCI stock opened at $588.97 on Friday. MSCI Inc has a 1 year low of $501.08 and a 1 year high of $626.28. The stock has a market cap of $42.88 billion, a price-to-earnings ratio of 33.64, a PEG ratio of 2.20 and a beta of 1.24. The firm’s 50-day moving average is $564.26 and its two-hundred day moving average is $566.08.

MSCI (NYSE:MSCI) last released its quarterly earnings results on Tuesday, April 21st. The technology company reported $4.55 earnings per share for the quarter, beating analysts’ consensus estimates of $4.38 by $0.17. MSCI had a net margin of 40.74% and a negative return on equity of 65.48%. The business had revenue of $850.80 million for the quarter, compared to analysts’ expectations of $830.91 million. During the same period last year, the business earned $4.00 EPS. The company’s revenue was up 14.1% compared to the same quarter last year. On average, equities analysts expect that MSCI Inc will post 19.62 earnings per share for the current year.

MSCI Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, May 29th. Stockholders of record on Friday, May 15th will be issued a $2.05 dividend. This represents a $8.20 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date is Friday, May 15th. MSCI’s dividend payout ratio (DPR) is currently 46.83%.

MSCI Company 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.