Farther Finance Advisors LLC Sells 48 Shares of MSCI Inc. (NYSE:MSCI)

Farther Finance Advisors LLC decreased its position in MSCI Inc. (NYSE:MSCI) by 6.5% during the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 695 shares of the technology company’s stock after selling 48 shares during the period. Farther Finance Advisors LLC’s holdings in MSCI were worth $395,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Toth Financial Advisory Corp grew its holdings in MSCI by 94.6% in the 1st quarter. Toth Financial Advisory Corp now owns 1,720 shares of the technology company’s stock worth $973,000 after acquiring an additional 836 shares during the last quarter. Bennett Selby Investments LP grew its stake in shares of MSCI by 5.4% in the first quarter. Bennett Selby Investments LP now owns 2,382 shares of the technology company’s stock worth $1,347,000 after purchasing an additional 122 shares during the last quarter. UMB Bank n.a. increased its holdings in MSCI by 16.8% during the 1st quarter. UMB Bank n.a. now owns 257 shares of the technology company’s stock valued at $145,000 after purchasing an additional 37 shares during the period. Sivia Capital Partners LLC purchased a new stake in MSCI in the 1st quarter worth approximately $492,000. Finally, WealthBridge Investment Counsel Inc. lifted its holdings in MSCI by 45.2% in the 1st quarter. WealthBridge Investment Counsel Inc. now owns 2,957 shares of the technology company’s stock worth $1,672,000 after buying an additional 920 shares during the period. Institutional investors own 89.97% of the company’s stock.

Insider Buying and Selling

In other news, COO Cd Baer Pettit sold 5,000 shares of the company’s stock in a transaction dated Friday, April 4th. The stock was sold at an average price of $524.25, for a total value of $2,621,250.00. Following the completion of the transaction, the chief operating officer now owns 294,787 shares of the company’s stock, valued at $154,542,084.75. This represents a 1.67% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 3.31% of the stock is owned by insiders.

MSCI Stock Up 0.8%

Shares of MSCI opened at $546.84 on Tuesday. The business’s 50 day moving average price is $554.13 and its 200-day moving average price is $574.51. The stock has a market cap of $42.31 billion, a P/E ratio of 38.89, a P/E/G ratio of 2.61 and a beta of 1.33. MSCI Inc. has a 52 week low of $475.32 and a 52 week high of $642.45.

MSCI (NYSE:MSCI) last released its quarterly earnings data on Tuesday, April 22nd. The technology company reported $4.00 EPS for the quarter, topping the consensus estimate of $3.88 by $0.12. MSCI had a negative return on equity of 156.08% and a net margin of 38.83%. The company had revenue of $745.83 million during the quarter, compared to the consensus estimate of $746.45 million. On average, equities analysts anticipate that MSCI Inc. will post 16.86 EPS for the current year.

MSCI Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 30th. Stockholders of record on Friday, May 16th were paid a $1.80 dividend. The ex-dividend date of this dividend was Friday, May 16th. This represents a $7.20 annualized dividend and a dividend yield of 1.32%. MSCI’s dividend payout ratio (DPR) is 49.48%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the company. Bank of America assumed coverage on MSCI in a report on Thursday, April 10th. They set a “neutral” rating and a $585.00 target price for the company. Barclays dropped their target price on shares of MSCI from $675.00 to $650.00 and set an “overweight” rating for the company in a research report on Friday, April 4th. Wells Fargo & Company reduced their price target on shares of MSCI from $532.00 to $530.00 and set an “equal weight” rating on the stock in a research report on Wednesday, April 16th. Royal Bank of Canada reissued an “outperform” rating and issued a $675.00 price target on shares of MSCI in a research note on Wednesday, April 16th. Finally, Evercore ISI cut their price objective on MSCI from $673.00 to $631.00 and set an “outperform” rating on the stock in a research report on Wednesday, April 23rd. Three analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $645.36.

MSCI 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.