MSCI Inc. (NYSE:MSCI) Holdings Trimmed by Evoke Wealth LLC

Evoke Wealth LLC cut its holdings in MSCI Inc. (NYSE:MSCI) by 4.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 10,934 shares of the technology company’s stock after selling 546 shares during the quarter. Evoke Wealth LLC’s holdings in MSCI were worth $6,560,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Assenagon Asset Management S.A. raised its holdings in shares of MSCI by 30.9% in the 4th quarter. Assenagon Asset Management S.A. now owns 174,982 shares of the technology company’s stock worth $104,991,000 after purchasing an additional 41,346 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in shares of MSCI by 4.5% in the third quarter. JPMorgan Chase & Co. now owns 536,211 shares of the technology company’s stock valued at $312,574,000 after buying an additional 23,050 shares in the last quarter. Integrated Wealth Concepts LLC lifted its position in shares of MSCI by 176.2% during the 3rd quarter. Integrated Wealth Concepts LLC now owns 1,580 shares of the technology company’s stock valued at $921,000 after acquiring an additional 1,008 shares during the last quarter. Nvwm LLC boosted its stake in shares of MSCI by 3,581.3% during the 4th quarter. Nvwm LLC now owns 1,767 shares of the technology company’s stock worth $1,060,000 after acquiring an additional 1,719 shares in the last quarter. Finally, NS Partners Ltd boosted its stake in shares of MSCI by 2.1% during the 3rd quarter. NS Partners Ltd now owns 74,721 shares of the technology company’s stock worth $43,557,000 after acquiring an additional 1,506 shares in the last quarter. 89.97% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on MSCI shares. JPMorgan Chase & Co. reduced their target price on MSCI from $700.00 to $680.00 and set an “overweight” rating for the company in a report on Thursday, January 30th. Morgan Stanley upped their price objective on shares of MSCI from $662.00 to $695.00 and gave the company an “overweight” rating in a research note on Thursday, December 12th. Wolfe Research raised shares of MSCI from a “peer perform” rating to an “outperform” rating in a research report on Thursday, December 12th. Royal Bank of Canada restated an “outperform” rating and issued a $675.00 price target on shares of MSCI in a research report on Thursday, January 30th. Finally, Barclays decreased their price objective on shares of MSCI from $700.00 to $675.00 and set an “overweight” rating for the company in a research note on Thursday, January 30th. Three analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $649.23.

Insiders Place Their Bets

In other news, CEO Henry A. Fernandez purchased 5,300 shares of the company’s stock in a transaction dated Monday, February 24th. The shares were bought at an average price of $574.51 per share, with a total value of $3,044,903.00. Following the completion of the transaction, the chief executive officer now directly owns 1,269,951 shares in the company, valued at $729,599,549.01. This trade represents a 0.42 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 3.20% of the company’s stock.

MSCI Stock Performance

Shares of NYSE MSCI opened at $565.99 on Tuesday. The stock has a market cap of $43.95 billion, a price-to-earnings ratio of 40.26, a PEG ratio of 2.61 and a beta of 1.19. The business has a 50 day simple moving average of $583.99 and a 200 day simple moving average of $589.04. MSCI Inc. has a 52 week low of $439.95 and a 52 week high of $642.45.

MSCI (NYSE:MSCI) last announced its quarterly earnings results on Wednesday, January 29th. The technology company reported $4.18 EPS for the quarter, topping the consensus estimate of $3.96 by $0.22. MSCI had a net margin of 38.83% and a negative return on equity of 156.08%. During the same quarter last year, the business posted $3.68 EPS. On average, analysts predict that MSCI Inc. will post 16.86 EPS for the current year.

MSCI Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 14th were issued a dividend of $1.80 per share. This is a positive change from MSCI’s previous quarterly dividend of $1.60. This represents a $7.20 annualized dividend and a yield of 1.27%. The ex-dividend date was Friday, February 14th. MSCI’s dividend payout ratio (DPR) 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.