NewEdge Wealth LLC Has $2.15 Million Position in MSCI Inc $MSCI

NewEdge Wealth LLC grew its position in MSCI Inc (NYSE:MSCI) by 36.4% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 3,754 shares of the technology company’s stock after purchasing an additional 1,002 shares during the quarter. NewEdge Wealth LLC’s holdings in MSCI were worth $2,154,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Aviso Financial Inc. raised its position in shares of MSCI by 2.0% in the 3rd quarter. Aviso Financial Inc. now owns 859 shares of the technology company’s stock valued at $487,000 after buying an additional 17 shares in the last quarter. Venturi Wealth Management LLC raised its holdings in shares of MSCI by 4.7% during the 4th quarter. Venturi Wealth Management LLC now owns 375 shares of the technology company’s stock worth $215,000 after buying an additional 17 shares in the last quarter. Robertson Stephens Wealth Management LLC raised its holdings in shares of MSCI by 3.1% during the 4th quarter. Robertson Stephens Wealth Management LLC now owns 568 shares of the technology company’s stock worth $326,000 after buying an additional 17 shares in the last quarter. Keel Point LLC raised its holdings in shares of MSCI by 3.0% during the 3rd quarter. Keel Point LLC now owns 622 shares of the technology company’s stock worth $353,000 after buying an additional 18 shares in the last quarter. Finally, Independent Advisor Alliance raised its holdings in shares of MSCI by 4.3% during the 3rd quarter. Independent Advisor Alliance now owns 509 shares of the technology company’s stock worth $289,000 after buying an additional 21 shares in the last quarter. 89.97% of the stock is currently owned by institutional investors and hedge funds.

MSCI Stock Down 0.5%

Shares of MSCI opened at $581.64 on Wednesday. MSCI Inc has a 12-month low of $501.08 and a 12-month high of $626.28. The business has a 50-day simple moving average of $562.04 and a two-hundred day simple moving average of $565.40. The stock has a market cap of $42.34 billion, a PE ratio of 33.22, a PEG ratio of 2.21 and a beta of 1.24.

MSCI (NYSE:MSCI) last issued its 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. MSCI had a negative return on equity of 65.48% and a net margin of 40.74%.The business had revenue of $850.80 million during the quarter, compared to analysts’ expectations of $830.91 million. During the same quarter in the prior year, the firm earned $4.00 EPS. The business’s revenue for the quarter was up 14.1% compared to the same quarter last year. On average, equities research analysts expect that MSCI Inc will post 19.62 EPS for the current year.

MSCI Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 29th. Shareholders of record on Friday, May 15th will be given a $2.05 dividend. This represents a $8.20 annualized dividend and a yield of 1.4%. The ex-dividend date is Friday, May 15th. MSCI’s dividend payout ratio is 46.83%.

Insider Buying and Selling at MSCI

In other MSCI news, insider Alvise J. Munari sold 10,000 shares of the company’s stock in a transaction that occurred on 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 transaction, the insider directly owned 23,548 shares in the company, valued at approximately $13,941,357.92. This represents a 29.81% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Henry A. Fernandez purchased 6,000 shares of the firm’s stock in a transaction on Friday, February 13th. The stock was acquired at an average price of $524.18 per share, with a total value of $3,145,080.00. Following the completion of the transaction, the chief executive officer owned 1,493,047 shares in the company, valued at approximately $782,625,376.46. This trade represents a 0.40% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Corporate insiders own 3.76% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently commented on MSCI shares. Weiss Ratings cut MSCI from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday, May 4th. Raymond James Financial reissued a “strong-buy” rating and set a $730.00 price target on shares of MSCI in a report on Tuesday, April 21st. Morgan Stanley upped their price objective on shares of MSCI from $719.00 to $727.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 22nd. Barclays reiterated an “overweight” rating on shares of MSCI in a research report on Thursday, January 29th. Finally, Evercore upped their price objective on shares of MSCI from $655.00 to $690.00 and gave the stock an “outperform” rating in a research report on Thursday, January 29th. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and two have given a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $692.70.

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.