Quantum Capital Management LLC NJ Trims Holdings in MSCI Inc $MSCI

Quantum Capital Management LLC NJ lowered its holdings in shares of MSCI Inc (NYSE:MSCI) by 10.8% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 87,485 shares of the technology company’s stock after selling 10,583 shares during the period. MSCI comprises about 5.8% of Quantum Capital Management LLC NJ’s investment portfolio, making the stock its 9th biggest position. Quantum Capital Management LLC NJ’s holdings in MSCI were worth $50,193,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in MSCI. Norges Bank bought a new position in shares of MSCI during the 4th quarter valued at $528,560,000. Mitsubishi UFJ Asset Management Co. Ltd. grew its holdings in shares of MSCI by 499.3% during the 3rd quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 874,882 shares of the technology company’s stock valued at $496,417,000 after purchasing an additional 728,900 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in shares of MSCI by 36.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,069,180 shares of the technology company’s stock valued at $606,674,000 after purchasing an additional 282,859 shares during the last quarter. Banque Pictet & Cie SA grew its holdings in shares of MSCI by 103.3% during the 4th quarter. Banque Pictet & Cie SA now owns 523,035 shares of the technology company’s stock valued at $300,081,000 after purchasing an additional 265,750 shares during the last quarter. Finally, Generation Investment Management LLP bought a new position in shares of MSCI during the 4th quarter valued at $130,380,000. Institutional investors own 89.97% of the company’s stock.

MSCI Stock Up 0.8%

NYSE:MSCI opened at $599.14 on Friday. The company has a fifty day moving average of $584.93 and a 200 day moving average of $570.38. MSCI Inc has a 52 week low of $501.08 and a 52 week high of $644.68. The firm has a market capitalization of $43.62 billion, a P/E ratio of 34.22, a P/E/G ratio of 2.24 and a beta of 1.24.

MSCI (NYSE:MSCI) last posted its quarterly earnings results on Tuesday, April 21st. The technology company reported $4.55 EPS 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 company had revenue of $850.80 million during the quarter, compared to analyst estimates of $830.91 million. During the same period in the prior year, the business posted $4.00 EPS. The firm’s revenue was up 14.1% compared to the same quarter last year. As a group, analysts anticipate that MSCI Inc will post 19.62 EPS for the current year.

MSCI Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 29th. Shareholders of record on Friday, May 15th were issued a $2.05 dividend. The ex-dividend date was Friday, May 15th. This represents a $8.20 annualized dividend and a yield of 1.4%. MSCI’s dividend payout ratio is 46.83%.

Insider Buying and Selling at MSCI

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

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the stock. Morgan Stanley upped their price target on shares of MSCI from $719.00 to $727.00 and gave the company an “overweight” rating in a report on Wednesday, April 22nd. Weiss Ratings upgraded shares of MSCI from a “buy (b-)” rating to a “buy (b)” rating in a report on Monday, June 1st. UBS Group upped their price target on shares of MSCI from $710.00 to $720.00 and gave the company a “buy” rating in a report on Wednesday, April 22nd. Bank of America assumed coverage on shares of MSCI in a report on Tuesday, February 17th. They set a “buy” rating and a $700.00 price target for the company. Finally, Raymond James Financial reiterated a “strong-buy” rating and set a $730.00 price target on shares of MSCI in a report on Tuesday, April 21st. One equities research analyst has rated the stock with a Strong Buy rating and ten have issued a Buy rating to the stock. According to MarketBeat, the stock has an average rating of “Buy” and an average target price of $697.70.

About MSCI

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.