Strategic Financial Concepts LLC Acquires Shares of 53,402 MSCI Inc. (NYSE:MSCI)

Strategic Financial Concepts LLC bought a new position in MSCI Inc. (NYSE:MSCI) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 53,402 shares of the technology company’s stock, valued at approximately $32,042,000.

A number of other large investors have also modified their holdings of MSCI. LRI Investments LLC boosted its holdings in MSCI by 120.0% in the 3rd quarter. LRI Investments LLC now owns 44 shares of the technology company’s stock worth $27,000 after acquiring an additional 24 shares during the period. True Wealth Design LLC purchased a new position in shares of MSCI in the third quarter valued at $38,000. Ashton Thomas Securities LLC acquired a new stake in MSCI during the 3rd quarter valued at $40,000. Planning Capital Management Corp increased its stake in MSCI by 35.1% during the 3rd quarter. Planning Capital Management Corp now owns 77 shares of the technology company’s stock worth $45,000 after buying an additional 20 shares during the period. Finally, Private Trust Co. NA lifted its holdings in MSCI by 35.1% in the 3rd quarter. Private Trust Co. NA now owns 77 shares of the technology company’s stock worth $45,000 after buying an additional 20 shares in the last quarter. Institutional investors and hedge funds own 89.97% of the company’s stock.

Insider Transactions at MSCI

In other MSCI news, CEO Henry A. Fernandez acquired 2,900 shares of the firm’s stock in a transaction that occurred on Thursday, December 5th. The stock was acquired at an average cost of $612.80 per share, with a total value of $1,777,120.00. Following the acquisition, the chief executive officer now directly owns 330,379 shares of the company’s stock, valued at $202,456,251.20. This represents a 0.89 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 3.20% of the company’s stock.

Analyst Ratings Changes

MSCI has been the topic of a number of analyst reports. JPMorgan Chase & Co. dropped their target price on MSCI from $700.00 to $680.00 and set an “overweight” rating on the stock in a research report on Thursday, January 30th. UBS Group dropped their price objective on MSCI from $695.00 to $680.00 and set a “buy” rating on the stock in a report on Wednesday, October 30th. Wells Fargo & Company increased their target price on MSCI from $570.00 to $600.00 and gave the company an “equal weight” rating in a research note on Friday, October 11th. Wolfe Research upgraded shares of MSCI from a “peer perform” rating to an “outperform” rating in a research note on Thursday, December 12th. Finally, Royal Bank of Canada reiterated an “outperform” rating and set a $675.00 price objective on shares of MSCI in a research note on Thursday, January 30th. Four equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to MarketBeat, MSCI has a consensus rating of “Moderate Buy” and a consensus target price of $649.23.

MSCI Stock Down 1.4 %

MSCI opened at $579.13 on Friday. The company’s 50-day moving average price is $605.76 and its 200 day moving average price is $584.53. MSCI Inc. has a fifty-two week low of $439.95 and a fifty-two week high of $642.45. The firm has a market cap of $45.39 billion, a price-to-earnings ratio of 41.19, a price-to-earnings-growth ratio of 2.72 and a beta of 1.11.

MSCI (NYSE:MSCI) last announced its quarterly earnings results on Wednesday, January 29th. The technology company reported $4.18 earnings per share for the quarter, topping analysts’ consensus estimates of $3.96 by $0.22. MSCI had a negative return on equity of 156.08% and a net margin of 38.83%. During the same quarter in the previous year, the business posted $3.68 EPS. Research analysts anticipate that MSCI Inc. will post 16.85 earnings per share for the current year.

MSCI Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, February 28th. Stockholders of record on Friday, February 14th will be issued a dividend of $1.80 per share. This is an increase from MSCI’s previous quarterly dividend of $1.60. The ex-dividend date of this dividend is Friday, February 14th. This represents a $7.20 annualized dividend and a dividend yield of 1.24%. MSCI’s payout ratio is 51.21%.

MSCI Company Profile

MSCI Inc, together with its subsidiaries, provides critical decision support tools and solutions for the investment community to manage investment processes worldwide. The Index segment provides indexes for use in various areas of the investment process, including indexed financial product, such as ETFs, mutual funds, annuities, futures, options, structured products, and over-the-counter derivatives; performance benchmarking; portfolio construction and rebalancing; and asset allocation, as well as licenses GICS and GICS Direct.