5,674 Shares in MSCI Inc $MSCI Purchased by Oxbow Advisors LLC

Oxbow Advisors LLC acquired a new position in shares of MSCI Inc (NYSE:MSCI) during the first quarter, HoldingsChannel reports. The fund acquired 5,674 shares of the technology company’s stock, valued at approximately $3,059,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. PICTET BANK & TRUST Ltd grew its stake in shares of MSCI by 116.8% during the fourth quarter. PICTET BANK & TRUST Ltd now owns 5,150 shares of the technology company’s stock valued at $2,955,000 after purchasing an additional 2,775 shares during the last quarter. Norges Bank bought a new position in MSCI in the 4th quarter worth approximately $528,560,000. Vinva Investment Management Ltd raised its position in MSCI by 34.3% in the 3rd quarter. Vinva Investment Management Ltd now owns 80,689 shares of the technology company’s stock worth $45,981,000 after purchasing an additional 20,606 shares during the last quarter. SBI Okasan Asset Management Co.Ltd. acquired a new position in MSCI during the 4th quarter worth $1,406,000. Finally, Bank Pictet & Cie Europe AG lifted its holdings in MSCI by 70.2% during the 4th quarter. Bank Pictet & Cie Europe AG now owns 26,665 shares of the technology company’s stock worth $15,299,000 after buying an additional 11,000 shares in the last quarter. Institutional investors and hedge funds own 89.97% of the company’s stock.

MSCI Price Performance

Shares of NYSE MSCI opened at $603.00 on Friday. MSCI Inc has a fifty-two week low of $501.08 and a fifty-two week high of $644.68. The firm has a market capitalization of $43.90 billion, a P/E ratio of 34.44, a P/E/G ratio of 2.28 and a beta of 1.24. The company’s 50 day simple moving average is $591.86 and its 200 day simple moving average is $573.75.

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

MSCI Announces Dividend

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

Insider Activity at MSCI

In related news, insider Alvise J. Munari sold 10,000 shares of MSCI 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 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 3.76% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the company. Weiss Ratings lowered MSCI from a “buy (b)” rating to a “buy (b-)” rating in a research report on Monday, June 15th. Raymond James Financial restated a “strong-buy” rating and set a $730.00 target price on shares of MSCI in a research report on Tuesday, April 21st. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $655.00 price target on shares of MSCI in a research note on Wednesday, April 22nd. UBS Group raised their price target on MSCI from $710.00 to $720.00 and gave the company a “buy” rating in a report on Wednesday, April 22nd. Finally, Rothschild & Co Redburn set a $690.00 price objective on MSCI in a research report on Thursday, June 18th. One investment analyst has rated the stock with a Strong Buy rating and ten have assigned a Buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of $697.00.

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.