Canoe Financial LP Has $114.76 Million Position in MSCI Inc $MSCI

Canoe Financial LP cut its stake in shares of MSCI Inc (NYSE:MSCI) by 4.7% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 200,031 shares of the technology company’s stock after selling 9,800 shares during the period. MSCI comprises approximately 1.6% of Canoe Financial LP’s holdings, making the stock its 29th largest position. Canoe Financial LP owned approximately 0.27% of MSCI worth $114,764,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Generali Investments CEE investicni spolecnost a.s. grew its holdings in shares of MSCI by 36.4% during the 4th quarter. Generali Investments CEE investicni spolecnost a.s. now owns 5,933 shares of the technology company’s stock valued at $3,404,000 after acquiring an additional 1,583 shares in the last quarter. Global X Japan Co. Ltd. raised its holdings in shares of MSCI by 409.2% during the fourth quarter. Global X Japan Co. Ltd. now owns 5,790 shares of the technology company’s stock worth $3,322,000 after acquiring an additional 4,653 shares in the last quarter. Kathmere Capital Management LLC boosted its position in MSCI by 7.6% during the fourth quarter. Kathmere Capital Management LLC now owns 874 shares of the technology company’s stock valued at $501,000 after purchasing an additional 62 shares during the last quarter. Czech National Bank grew its stake in MSCI by 0.8% in the fourth quarter. Czech National Bank now owns 19,814 shares of the technology company’s stock valued at $11,368,000 after purchasing an additional 164 shares in the last quarter. Finally, Salvus Wealth Management LLC grew its stake in MSCI by 4.3% in the fourth quarter. Salvus Wealth Management LLC now owns 904 shares of the technology company’s stock valued at $519,000 after purchasing an additional 37 shares in the last quarter. Institutional investors and hedge funds own 89.97% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the company. Evercore raised their price target on MSCI from $655.00 to $690.00 and gave the stock an “outperform” rating in a research note on Thursday, January 29th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $715.00 price target on shares of MSCI in a research note on Thursday, January 29th. Weiss Ratings lowered shares of MSCI from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, March 13th. Barclays reiterated an “overweight” rating on shares of MSCI in a research note on Thursday, January 29th. Finally, Wells Fargo & Company boosted their target price on shares of MSCI from $590.00 to $618.00 and gave the stock an “equal weight” rating in a research report on Thursday, January 29th. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $674.00.

Insider Buying and Selling

In related news, CFO Andrew C. Wiechmann sold 450 shares of the firm’s stock in a transaction on Tuesday, March 17th. The shares were sold at an average price of $560.00, for a total value of $252,000.00. Following the transaction, the chief financial officer directly owned 22,544 shares in the company, valued at approximately $12,624,640. This trade represents a 1.96% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO Henry A. Fernandez bought 6,000 shares of the stock in a transaction that occurred on Friday, February 13th. The stock was purchased at an average price of $524.18 per share, for a total transaction of $3,145,080.00. Following the completion of the purchase, the chief executive officer directly owned 1,493,047 shares in the company, valued at $782,625,376.46. The trade was a 0.40% increase in their position. The disclosure for this purchase is available in the SEC filing. Company insiders own 3.76% of the company’s stock.

MSCI Price Performance

Shares of NYSE:MSCI opened at $522.56 on Friday. The stock has a market capitalization of $38.39 billion, a P/E ratio of 33.31, a P/E/G ratio of 2.14 and a beta of 1.29. The business has a 50-day moving average of $560.17 and a two-hundred day moving average of $563.52. MSCI Inc has a fifty-two week low of $486.73 and a fifty-two week high of $626.28.

MSCI (NYSE:MSCI) last issued its quarterly earnings data on Wednesday, January 28th. The technology company reported $4.66 EPS for the quarter, beating analysts’ consensus estimates of $4.62 by $0.04. MSCI had a negative return on equity of 82.59% and a net margin of 38.36%.The business had revenue of $822.53 million for the quarter, compared to analyst estimates of $819.51 million. During the same quarter in the prior year, the firm posted $4.18 EPS. The firm’s revenue for the quarter was up 10.6% on a year-over-year basis. As a group, research analysts expect that MSCI Inc will post 16.86 EPS for the current fiscal year.

MSCI Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, February 27th. Shareholders of record on Friday, February 13th were issued a dividend of $2.05 per share. This represents a $8.20 annualized dividend and a yield of 1.6%. This is a boost from MSCI’s previous quarterly dividend of $1.80. The ex-dividend date was Friday, February 13th. MSCI’s dividend payout ratio is 52.26%.

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.