MSCI Inc $MSCI Shares Bought by Westfield Capital Management Co. LP

Westfield Capital Management Co. LP grew its position in MSCI Inc (NYSE:MSCI) by 18.5% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 207,792 shares of the technology company’s stock after acquiring an additional 32,445 shares during the period. Westfield Capital Management Co. LP’s holdings in MSCI were worth $119,216,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Mowery & Schoenfeld Wealth Management LLC grew its stake 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 valued at $30,000 after buying an additional 41 shares in the last quarter. Eagle Bay Advisors LLC acquired a new stake in shares of MSCI in the fourth quarter valued at $34,000. Elyxium Wealth LLC acquired a new stake in shares of MSCI in the fourth quarter valued at $34,000. Strategic Wealth Investment Group LLC acquired a new stake in shares of MSCI in the second quarter valued at $36,000. Finally, JPL Wealth Management LLC acquired a new stake in shares of MSCI in the third quarter valued at $36,000. 89.97% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, CFO Andrew C. Wiechmann sold 450 shares of the business’s stock in a transaction dated Tuesday, March 17th. The stock was sold at an average price of $560.00, for a total value of $252,000.00. Following the completion of the sale, the chief financial officer directly owned 22,544 shares of the company’s stock, valued at approximately $12,624,640. The trade was a 1.96% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Alvise J. Munari sold 10,000 shares of the business’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 completion of the sale, the insider directly owned 23,548 shares of the company’s stock, valued at $13,941,357.92. The trade was a 29.81% 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 insiders.

MSCI Price Performance

Shares of NYSE MSCI opened at $620.52 on Friday. The company has a market capitalization of $45.17 billion, a price-to-earnings ratio of 35.44, a price-to-earnings-growth ratio of 2.32 and a beta of 1.24. The business has a 50-day moving average of $576.28 and a two-hundred day moving average of $568.51. MSCI Inc has a 1 year low of $501.08 and a 1 year high of $644.68.

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

MSCI Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, May 29th. Stockholders of record on Friday, May 15th were issued a $2.05 dividend. This represents a $8.20 annualized dividend and a dividend yield of 1.3%. The ex-dividend date of this dividend was Friday, May 15th. MSCI’s payout ratio is presently 46.83%.

Analyst Ratings Changes

MSCI has been the subject of a number of research reports. Wells Fargo & Company raised MSCI from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $650.00 to $700.00 in a research note on Wednesday, May 27th. UBS Group lifted their price objective on MSCI from $710.00 to $720.00 and gave the company a “buy” rating in a research note on Wednesday, April 22nd. Raymond James Financial reaffirmed a “strong-buy” rating and issued a $730.00 price objective on shares of MSCI in a research note on Tuesday, April 21st. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $655.00 price objective on shares of MSCI in a research note on Wednesday, April 22nd. Finally, Morgan Stanley lifted their price objective on MSCI from $719.00 to $727.00 and gave the company an “overweight” rating in a research note on Wednesday, April 22nd. One equities research analyst has rated the stock with a Strong Buy rating and ten have given a Buy rating to the company. According to MarketBeat.com, MSCI presently has a consensus rating of “Buy” and an average target price of $697.70.

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.