BAM Wealth Management LLC Invests $767,000 in MSCI Inc $MSCI

BAM Wealth Management LLC purchased a new stake in MSCI Inc (NYSE:MSCI) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,352 shares of the technology company’s stock, valued at approximately $767,000.

A number of other hedge funds have also recently bought and sold shares of the business. Empowered Funds LLC boosted its stake in shares of MSCI by 7.6% during the 1st quarter. Empowered Funds LLC now owns 2,003 shares of the technology company’s stock valued at $1,133,000 after buying an additional 142 shares during the last quarter. Woodline Partners LP boosted its stake in MSCI by 39.0% during the 1st quarter. Woodline Partners LP now owns 6,585 shares of the technology company’s stock valued at $3,724,000 after acquiring an additional 1,846 shares during the last quarter. Sivia Capital Partners LLC increased its position in shares of MSCI by 20.9% in the 2nd quarter. Sivia Capital Partners LLC now owns 1,052 shares of the technology company’s stock worth $607,000 after purchasing an additional 182 shares during the last quarter. Park Avenue Securities LLC bought a new stake in shares of MSCI in the 2nd quarter worth about $934,000. Finally, Public Employees Retirement System of Ohio raised its stake in shares of MSCI by 34.5% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 38,183 shares of the technology company’s stock valued at $22,022,000 after purchasing an additional 9,795 shares in the last quarter. Institutional investors and hedge funds own 89.97% of the company’s stock.

Insider Activity at MSCI

In other news, CFO Andrew C. Wiechmann sold 450 shares of MSCI stock in a transaction that occurred on Thursday, December 11th. The stock was sold at an average price of $550.00, for a total transaction of $247,500.00. Following the sale, the chief financial officer owned 21,639 shares of the company’s stock, valued at approximately $11,901,450. The trade was a 2.04% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, General Counsel Robert J. Gutowski sold 624 shares of the business’s stock in a transaction that occurred on Monday, November 24th. The stock was sold at an average price of $558.42, for a total value of $348,454.08. Following the transaction, the general counsel owned 15,945 shares of the company’s stock, valued at approximately $8,904,006.90. This represents a 3.77% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 3.31% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

MSCI has been the subject of several research analyst reports. Barclays boosted their price objective on MSCI from $650.00 to $660.00 and gave the company an “overweight” rating in a report on Wednesday, October 29th. JPMorgan Chase & Co. lifted their target price on MSCI from $655.00 to $680.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 29th. UBS Group upped their price target on MSCI from $700.00 to $710.00 and gave the company a “buy” rating in a research report on Wednesday, October 29th. Raymond James Financial restated an “outperform” rating and set a $690.00 price objective on shares of MSCI in a research note on Monday, January 12th. Finally, Weiss Ratings raised shares of MSCI from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, January 16th. Seven equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $650.13.

MSCI Trading Down 0.4%

Shares of NYSE MSCI opened at $589.11 on Friday. MSCI Inc has a 12-month low of $486.73 and a 12-month high of $634.99. The company has a market cap of $44.27 billion, a price-to-earnings ratio of 37.33, a price-to-earnings-growth ratio of 2.53 and a beta of 1.30. The stock’s 50 day simple moving average is $568.99 and its 200 day simple moving average is $565.30.

MSCI (NYSE:MSCI) last issued its quarterly earnings data on Tuesday, October 28th. The technology company reported $4.47 EPS for the quarter, topping analysts’ consensus estimates of $4.37 by $0.10. The firm had revenue of $793.43 million during the quarter, compared to the consensus estimate of $794.87 million. MSCI had a negative return on equity of 110.94% and a net margin of 40.03%.The firm’s revenue was up 9.5% on a year-over-year basis. During the same period in the prior year, the business earned $3.86 EPS. As a group, equities analysts forecast that MSCI Inc will post 16.86 earnings per share for the current fiscal year.

MSCI declared that its Board of Directors has initiated a share buyback program on Tuesday, October 28th that allows the company to buyback $3.00 billion in shares. This buyback authorization allows the technology company to buy up to 7.1% of its stock through open market purchases. Stock buyback programs are often a sign that the company’s board believes its stock is undervalued.

MSCI Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 28th. Investors of record on Friday, November 14th were given a $1.80 dividend. The ex-dividend date was Friday, November 14th. This represents a $7.20 annualized dividend and a yield of 1.2%. MSCI’s dividend payout ratio (DPR) is currently 45.63%.

MSCI Company Profile

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.