Arrowstreet Capital Limited Partnership Sells 88,922 Shares of MSCI Inc $MSCI

Arrowstreet Capital Limited Partnership reduced its position in MSCI Inc (NYSE:MSCI) by 12.1% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 647,664 shares of the technology company’s stock after selling 88,922 shares during the period. Arrowstreet Capital Limited Partnership owned 0.86% of MSCI worth $367,491,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Empowered Funds LLC grew its holdings in MSCI by 7.6% in the first quarter. Empowered Funds LLC now owns 2,003 shares of the technology company’s stock worth $1,133,000 after purchasing an additional 142 shares during the last quarter. Woodline Partners LP lifted its holdings in shares of 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 purchasing an additional 1,846 shares during the last quarter. Sivia Capital Partners LLC lifted its holdings in shares of MSCI by 20.9% during the 2nd quarter. Sivia Capital Partners LLC now owns 1,052 shares of the technology company’s stock valued at $607,000 after purchasing an additional 182 shares during the last quarter. Penserra Capital Management LLC boosted its position in shares of MSCI by 10.8% in the 2nd quarter. Penserra Capital Management LLC now owns 412 shares of the technology company’s stock worth $237,000 after purchasing an additional 40 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of MSCI in the 2nd quarter worth $920,000. Hedge funds and other institutional investors own 89.97% of the company’s stock.

Insider Activity at MSCI

In other MSCI news, CEO Henry A. Fernandez acquired 800 shares of the business’s stock in a transaction dated Tuesday, February 17th. The shares were purchased at an average price of $518.95 per share, for a total transaction of $415,160.00. Following the completion of the purchase, the chief executive officer directly owned 1,493,847 shares of the company’s stock, valued at $775,231,900.65. The trade was a 0.05% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 3.31% of the stock is owned by company insiders.

MSCI Stock Performance

MSCI stock opened at $536.64 on Friday. The business’s 50-day simple moving average is $568.95 and its two-hundred day simple moving average is $565.04. The company has a market cap of $39.43 billion, a PE ratio of 34.20, a PEG ratio of 2.23 and a beta of 1.29. MSCI Inc has a fifty-two week low of $486.73 and a fifty-two week high of $626.28.

MSCI (NYSE:MSCI) last announced its quarterly earnings data on Wednesday, January 28th. The technology company reported $4.66 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.62 by $0.04. The firm had revenue of $822.53 million during the quarter, compared to analysts’ expectations of $819.51 million. MSCI had a negative return on equity of 82.59% and a net margin of 38.36%.The company’s revenue for the quarter was up 10.6% compared to the same quarter last year. During the same period last year, the business posted $4.18 earnings per share. As a group, analysts predict that MSCI Inc will post 16.86 EPS for the current fiscal year.

MSCI Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 27th. Shareholders of record on Friday, February 13th were paid a dividend of $2.05 per share. This represents a $8.20 annualized dividend and a yield of 1.5%. The ex-dividend date was Friday, February 13th. This is a positive change from MSCI’s previous quarterly dividend of $1.80. MSCI’s dividend payout ratio (DPR) is presently 52.26%.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on MSCI. Wells Fargo & Company upped their target price on MSCI from $590.00 to $618.00 and gave the company an “equal weight” rating in a research report on Thursday, January 29th. Royal Bank Of Canada reissued an “outperform” rating and issued a $655.00 price target on shares of MSCI in a report on Thursday, January 29th. Evercore boosted 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. Barclays restated an “overweight” rating on shares of MSCI in a report on Thursday, January 29th. Finally, Weiss Ratings upgraded shares of MSCI from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, February 26th. Nine research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $671.78.

About MSCI

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.