Atria Wealth Solutions Inc. trimmed its holdings in shares of MSCI Inc. (NYSE:MSCI – Free Report) by 42.9% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 663 shares of the technology company’s stock after selling 499 shares during the quarter. Atria Wealth Solutions Inc.’s holdings in MSCI were worth $309,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. OLD Mission Capital LLC purchased a new position in MSCI during the 4th quarter valued at about $29,000. Manchester Capital Management LLC boosted its holdings in MSCI by 657.1% during the 1st quarter. Manchester Capital Management LLC now owns 53 shares of the technology company’s stock valued at $30,000 after acquiring an additional 46 shares during the period. Toth Financial Advisory Corp purchased a new position in MSCI during the 1st quarter valued at about $31,000. Atlas Capital Advisors LLC purchased a new position in MSCI during the 1st quarter valued at about $35,000. Finally, Compagnie Lombard Odier SCmA purchased a new position in MSCI during the 4th quarter valued at about $43,000. 88.61% of the stock is owned by institutional investors and hedge funds.
Analyst Ratings Changes
MSCI has been the subject of a number of research analyst reports. Raymond James raised their target price on MSCI from $574.00 to $592.00 and gave the company an “outperform” rating in a report on Wednesday, July 26th. Royal Bank of Canada decreased their price objective on MSCI from $600.00 to $545.00 in a research note on Monday, July 10th. Redburn Partners reiterated a “neutral” rating and issued a $554.00 price objective on shares of MSCI in a research note on Thursday. Barclays lifted their price objective on MSCI from $600.00 to $650.00 and gave the company an “overweight” rating in a research note on Tuesday, July 25th. Finally, Redburn Atlantic cut MSCI from an “overweight” rating to a “neutral” rating and decreased their price objective for the company from $650.00 to $554.00 in a research note on Thursday. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $564.14.
MSCI Stock Down 1.6 %
MSCI stock opened at $530.08 on Monday. The business has a 50 day moving average price of $530.93 and a 200 day moving average price of $510.83. The stock has a market cap of $41.93 billion, a price-to-earnings ratio of 46.46, a PEG ratio of 2.79 and a beta of 1.13. MSCI Inc. has a fifty-two week low of $385.00 and a fifty-two week high of $572.50.
MSCI (NYSE:MSCI – Get Free Report) last released its quarterly earnings results on Tuesday, July 25th. The technology company reported $3.26 EPS for the quarter, topping the consensus estimate of $3.11 by $0.15. The company had revenue of $621.16 million for the quarter, compared to analyst estimates of $602.47 million. MSCI had a negative return on equity of 93.06% and a net margin of 39.02%. The firm’s revenue was up 12.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.78 earnings per share. As a group, sell-side analysts anticipate that MSCI Inc. will post 13.12 EPS for the current year.
MSCI Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Thursday, August 31st. Shareholders of record on Friday, August 11th were given a dividend of $1.38 per share. This represents a $5.52 annualized dividend and a yield of 1.04%. The ex-dividend date of this dividend was Thursday, August 10th. MSCI’s dividend payout ratio (DPR) is 48.38%.
Insiders Place Their Bets
In other MSCI news, General Counsel Robert J. Gutowski sold 1,478 shares of MSCI stock in a transaction that occurred on Friday, August 18th. The stock was sold at an average price of $520.00, for a total transaction of $768,560.00. Following the transaction, the general counsel now owns 15,179 shares of the company’s stock, valued at $7,893,080. The transaction was disclosed in a filing with the SEC, which is available at this link. In other news, General Counsel Robert J. Gutowski sold 1,478 shares of the business’s stock in a transaction that occurred on Friday, August 18th. The stock was sold at an average price of $520.00, for a total value of $768,560.00. Following the transaction, the general counsel now owns 15,179 shares of the company’s stock, valued at $7,893,080. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Scott A. Crum sold 1,800 shares of the business’s stock in a transaction that occurred on Thursday, July 27th. The shares were sold at an average price of $555.89, for a total value of $1,000,602.00. Following the completion of the transaction, the insider now directly owns 18,274 shares in the company, valued at approximately $10,158,333.86. The disclosure for this sale can be found here. 3.08% of the stock is currently owned by corporate insiders.
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.
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