MSCI Inc $MSCI Shares Purchased by Loring Wolcott & Coolidge Fiduciary Advisors LLP MA

Loring Wolcott & Coolidge Fiduciary Advisors LLP MA grew its holdings in shares of MSCI Inc (NYSE:MSCI) by 4.5% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 33,729 shares of the technology company’s stock after purchasing an additional 1,449 shares during the period. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA’s holdings in MSCI were worth $18,172,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in MSCI. Norges Bank acquired a new position in shares of MSCI in the second quarter valued at approximately $547,348,000. Magellan Asset Management Ltd purchased a new position in MSCI in the 2nd quarter valued at approximately $175,912,000. Banque Pictet & Cie SA acquired a new position in shares of MSCI in the third quarter worth $145,986,000. JPMorgan Chase & Co. increased its position in shares of MSCI by 27.7% during the second quarter. JPMorgan Chase & Co. now owns 786,321 shares of the technology company’s stock worth $453,513,000 after acquiring an additional 170,551 shares during the period. Finally, Qube Research & Technologies Ltd increased its position in shares of MSCI by 90.1% during the second quarter. Qube Research & Technologies Ltd now owns 350,738 shares of the technology company’s stock worth $202,285,000 after acquiring an additional 166,208 shares during the period. Institutional investors and hedge funds own 89.97% of the company’s stock.

Insiders Place Their Bets

In other news, General Counsel Robert J. Gutowski sold 624 shares of the company’s stock in a transaction that occurred on Monday, November 24th. The shares were sold at an average price of $558.42, for a total value of $348,454.08. Following the completion of the sale, the general counsel directly owned 15,945 shares of the company’s stock, valued at approximately $8,904,006.90. This represents a 3.77% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Henry A. Fernandez purchased 10,210 shares of the company’s stock in a transaction on Friday, December 5th. The stock was bought at an average cost of $536.13 per share, for a total transaction of $5,473,887.30. Following the acquisition, the chief executive officer directly owned 1,487,047 shares of the company’s stock, valued at $797,250,508.11. This represents a 0.69% increase in their position. The disclosure for this purchase is available in the SEC filing. 3.31% of the stock is owned by insiders.

MSCI Stock Down 0.0%

Shares of MSCI stock opened at $581.11 on Monday. The stock has a market cap of $43.66 billion, a price-to-earnings ratio of 36.83 and a beta of 1.30. The firm’s 50 day moving average price is $565.90 and its two-hundred day moving average price is $564.28. MSCI Inc has a fifty-two week low of $486.73 and a fifty-two week high of $634.99.

MSCI (NYSE:MSCI) last posted its earnings results on Tuesday, October 28th. The technology company reported $4.47 EPS for the quarter, topping analysts’ consensus estimates of $4.37 by $0.10. MSCI had a net margin of 40.03% and a negative return on equity of 110.94%. The business had revenue of $793.43 million for the quarter, compared to analysts’ expectations of $794.87 million. During the same period in the previous year, the company posted $3.86 earnings per share. The business’s revenue for the quarter was up 9.5% compared to the same quarter last year. On average, equities analysts forecast that MSCI Inc will post 16.86 EPS for the current fiscal year.

MSCI declared that its board has approved a stock buyback program on Tuesday, October 28th that allows the company to buyback $3.00 billion in outstanding shares. This buyback authorization allows the technology company to repurchase up to 7.1% of its shares through open market purchases. Shares buyback programs are typically a sign that the company’s board of directors believes its stock is undervalued.

MSCI Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, November 28th. Stockholders of record on Friday, November 14th were issued a dividend of $1.80 per share. The ex-dividend date of this dividend was Friday, November 14th. This represents a $7.20 annualized dividend and a dividend yield of 1.2%. MSCI’s payout ratio is 45.63%.

Analyst Ratings Changes

A number of analysts have weighed in on MSCI shares. Weiss Ratings restated a “hold (c+)” rating on shares of MSCI in a research note on Monday, December 29th. Barclays boosted their price target on shares of MSCI from $650.00 to $660.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 29th. Wells Fargo & Company upped their price objective on MSCI from $533.00 to $570.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 29th. Seaport Res Ptn upgraded MSCI to a “strong-buy” rating in a research report on Wednesday, October 1st. Finally, JPMorgan Chase & Co. increased their price target on shares of MSCI from $655.00 to $680.00 and gave the company an “overweight” rating in a research report on Wednesday, October 29th. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $642.63.

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.