UMB Bank n.a. Has $103,000 Holdings in MSCI Inc $MSCI

UMB Bank n.a. lessened its position in shares of MSCI Inc (NYSE:MSCI) by 30.7% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 178 shares of the technology company’s stock after selling 79 shares during the period. UMB Bank n.a.’s holdings in MSCI were worth $103,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Integrated Advisors Network LLC grew its holdings in MSCI by 48.1% in the 4th quarter. Integrated Advisors Network LLC now owns 764 shares of the technology company’s stock valued at $458,000 after buying an additional 248 shares in the last quarter. B. Riley Wealth Advisors Inc. acquired a new position in shares of MSCI in the fourth quarter valued at about $218,000. Universal Beteiligungs und Servicegesellschaft mbH bought a new position in MSCI during the fourth quarter worth about $55,464,000. Menard Financial Group LLC acquired a new stake in MSCI in the 4th quarter worth about $26,000. Finally, Lansforsakringar Fondforvaltning AB publ acquired a new stake in MSCI in the 4th quarter worth about $5,680,000. Institutional investors and hedge funds own 89.97% of the company’s stock.

MSCI Price Performance

MSCI stock opened at $565.56 on Thursday. The stock has a market cap of $43.75 billion, a price-to-earnings ratio of 37.45, a P/E/G ratio of 2.78 and a beta of 1.34. The company has a 50 day simple moving average of $562.60 and a 200 day simple moving average of $559.00. MSCI Inc has a 1 year low of $486.73 and a 1 year high of $642.45.

MSCI (NYSE:MSCI) last posted its earnings results on Tuesday, July 22nd. The technology company reported $4.17 earnings per share for the quarter, topping analysts’ consensus estimates of $4.12 by $0.05. The firm had revenue of $772.68 million for the quarter, compared to analysts’ expectations of $763.06 million. MSCI had a net margin of 39.46% and a negative return on equity of 143.13%. The company’s revenue was up 9.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $3.64 earnings per share. On average, equities research analysts anticipate that MSCI Inc will post 16.86 EPS for the current fiscal year.

MSCI Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, August 29th. Shareholders of record on Friday, August 15th were given a $1.80 dividend. The ex-dividend date was Friday, August 15th. This represents a $7.20 annualized dividend and a yield of 1.3%. MSCI’s dividend payout ratio (DPR) is currently 47.68%.

Insider Activity at MSCI

In other news, CEO Henry A. Fernandez purchased 84 shares of MSCI stock in a transaction dated Friday, July 25th. The shares were bought at an average cost of $548.69 per share, for a total transaction of $46,089.96. Following the completion of the acquisition, the chief executive officer owned 1,279,951 shares in the company, valued at approximately $702,296,314.19. This trade represents a 0.01% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders bought 12,400 shares of company stock worth $6,731,599 over the last quarter. Company insiders own 3.31% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on MSCI. Raymond James Financial raised shares of MSCI from a “market perform” rating to an “outperform” rating and set a $650.00 target price on the stock in a report on Friday, July 25th. Wells Fargo & Company lowered their price objective on MSCI from $578.00 to $533.00 and set an “equal weight” rating on the stock in a research note on Wednesday, July 23rd. JPMorgan Chase & Co. lifted their price objective on MSCI from $625.00 to $655.00 and gave the company an “overweight” rating in a report on Wednesday, September 10th. Finally, UBS Group increased their target price on MSCI from $655.00 to $700.00 and gave the stock a “buy” rating in a report on Tuesday, July 8th. Ten equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, MSCI currently has a consensus rating of “Moderate Buy” and an average target price of $652.45.

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.