Walleye Capital LLC Increases Holdings in MSCI Inc. (NYSE:MSCI)

Walleye Capital LLC lifted its position in MSCI Inc. (NYSE:MSCIGet Rating) by 127.9% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,395 shares of the technology company’s stock after purchasing an additional 1,344 shares during the quarter. Walleye Capital LLC’s holdings in MSCI were worth $1,204,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of the company. MAI Capital Management raised its position in MSCI by 7.7% during the fourth quarter. MAI Capital Management now owns 822 shares of the technology company’s stock valued at $504,000 after acquiring an additional 59 shares in the last quarter. Advisor Resource Council raised its position in MSCI by 43.3% during the fourth quarter. Advisor Resource Council now owns 606 shares of the technology company’s stock valued at $372,000 after acquiring an additional 183 shares in the last quarter. Renaissance Technologies LLC purchased a new position in MSCI during the fourth quarter valued at approximately $13,553,000. O Shaughnessy Asset Management LLC raised its position in MSCI by 40.2% during the fourth quarter. O Shaughnessy Asset Management LLC now owns 2,077 shares of the technology company’s stock valued at $1,273,000 after acquiring an additional 596 shares in the last quarter. Finally, Geode Capital Management LLC raised its position in MSCI by 4.9% during the fourth quarter. Geode Capital Management LLC now owns 1,527,200 shares of the technology company’s stock valued at $933,388,000 after acquiring an additional 71,731 shares in the last quarter. 89.14% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at MSCI

In related news, insider Scott A. Crum sold 5,000 shares of the firm’s stock in a transaction that occurred on Monday, August 8th. The stock was sold at an average price of $501.46, for a total value of $2,507,300.00. Following the completion of the transaction, the insider now directly owns 27,408 shares of the company’s stock, valued at approximately $13,744,015.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 3.02% of the company’s stock.

MSCI Price Performance

Shares of NYSE MSCI opened at $456.68 on Monday. The stock’s 50-day moving average is $466.27 and its two-hundred day moving average is $454.67. MSCI Inc. has a 1-year low of $376.41 and a 1-year high of $679.85. The company has a market cap of $36.76 billion, a price-to-earnings ratio of 46.98 and a beta of 1.11.

MSCI (NYSE:MSCIGet Rating) last released its quarterly earnings data on Tuesday, July 26th. The technology company reported $2.78 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.71 by $0.07. The business had revenue of $551.80 million during the quarter, compared to analysts’ expectations of $560.24 million. MSCI had a negative return on equity of 151.89% and a net margin of 36.85%. The business’s quarterly revenue was up 10.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.45 EPS. Equities research analysts anticipate that MSCI Inc. will post 11.33 earnings per share for the current fiscal year.

MSCI Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, August 31st. Stockholders of record on Friday, August 12th were paid a dividend of $1.25 per share. This represents a $5.00 dividend on an annualized basis and a dividend yield of 1.09%. This is an increase from MSCI’s previous quarterly dividend of $1.04. The ex-dividend date was Thursday, August 11th. MSCI’s dividend payout ratio is 51.44%.

Analysts Set New Price Targets

A number of analysts have recently commented on the company. UBS Group boosted their price objective on MSCI from $514.00 to $546.00 and gave the company a “buy” rating in a research report on Friday, July 29th. Raymond James cut their price objective on MSCI from $515.00 to $493.00 in a research report on Friday, July 15th. Deutsche Bank Aktiengesellschaft boosted their price objective on MSCI from $478.00 to $513.00 in a research report on Wednesday, August 10th. Barclays cut their price objective on MSCI from $570.00 to $470.00 and set an “overweight” rating for the company in a research report on Friday, June 24th. Finally, Royal Bank of Canada lowered their price target on MSCI from $600.00 to $520.00 and set an “outperform” rating on the stock in a research note on Tuesday, June 28th. Four investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, MSCI presently has an average rating of “Moderate Buy” and an average price target of $517.25.

MSCI Company Profile

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MSCI Inc, together with its subsidiaries, provides investment decision support tools for the clients to manage their investment processes worldwide. It operates through four segments: Index, Analytics, ESG and Climate, and All Other – Private Assets. The Index segment provides indexes for use in various areas of the investment process, including indexed product creation, such as ETFs, mutual funds, annuities, futures, options, structured products, over-the-counter derivatives; performance benchmarking; portfolio construction and rebalancing; and asset allocation, as well as licenses GICS and GICS Direct.

Further Reading

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Institutional Ownership by Quarter for MSCI (NYSE:MSCI)

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