Bridges Investment Management Inc. Purchases Shares of 12,621 MSCI Inc $MSCI

Bridges Investment Management Inc. purchased a new stake in MSCI Inc (NYSE:MSCI) during the 4th quarter, Holdings Channel.com reports. The fund purchased 12,621 shares of the technology company’s stock, valued at approximately $7,241,000.

Other hedge funds also recently added to or reduced their stakes in the company. Mowery & Schoenfeld Wealth Management LLC increased its stake in MSCI by 341.7% in the fourth quarter. Mowery & Schoenfeld Wealth Management LLC now owns 53 shares of the technology company’s stock valued at $30,000 after purchasing an additional 41 shares during the last quarter. Eagle Bay Advisors LLC purchased a new position in shares of MSCI during the fourth quarter worth approximately $34,000. Elyxium Wealth LLC purchased a new position in shares of MSCI during the fourth quarter worth approximately $34,000. Strategic Wealth Investment Group LLC purchased a new position in shares of MSCI during the second quarter worth approximately $36,000. Finally, JPL Wealth Management LLC purchased a new position in shares of MSCI during the third quarter worth approximately $36,000. 89.97% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other MSCI news, insider Alvise J. Munari sold 10,000 shares of the firm’s stock in a transaction on Friday, April 24th. The stock was sold at an average price of $592.04, for a total value of $5,920,400.00. Following the completion of the sale, the insider owned 23,548 shares of the company’s stock, valued at approximately $13,941,357.92. This trade represents a 29.81% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, 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 completion of the sale, the chief financial officer directly owned 22,544 shares of the company’s stock, valued at approximately $12,624,640. This trade represents a 1.96% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 3.76% of the company’s stock.

MSCI Price Performance

NYSE:MSCI opened at $631.38 on Wednesday. The firm’s fifty day moving average price is $571.76 and its 200 day moving average price is $567.47. MSCI Inc has a 1-year low of $501.08 and a 1-year high of $644.68. The firm has a market cap of $45.96 billion, a price-to-earnings ratio of 36.06, a price-to-earnings-growth ratio of 2.43 and a beta of 1.24.

MSCI (NYSE:MSCI) last posted its quarterly earnings data on Tuesday, April 21st. The technology company reported $4.55 earnings per share for the quarter, beating analysts’ consensus estimates of $4.38 by $0.17. MSCI had a net margin of 40.74% and a negative return on equity of 65.48%. The firm had revenue of $850.80 million for the quarter, compared to analyst estimates of $830.91 million. During the same period last year, the firm posted $4.00 EPS. MSCI’s quarterly revenue was up 14.1% on a year-over-year basis. As a group, analysts expect that MSCI Inc will post 19.62 earnings per share for the current fiscal year.

MSCI Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 29th. Investors of record on Friday, May 15th were given a $2.05 dividend. This represents a $8.20 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date was Friday, May 15th. MSCI’s dividend payout ratio (DPR) is 46.83%.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on MSCI. Bank of America began coverage on shares of MSCI in a research report on Tuesday, February 17th. They set a “buy” rating and a $700.00 target price on the stock. Royal Bank Of Canada restated an “outperform” rating and set a $655.00 target price on shares of MSCI in a research report on Wednesday, April 22nd. Weiss Ratings upgraded shares of MSCI from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, May 18th. Wells Fargo & Company upgraded shares of MSCI from an “equal weight” rating to an “overweight” rating and raised their target price for the stock from $650.00 to $700.00 in a research report on Wednesday, May 27th. Finally, Raymond James Financial restated a “strong-buy” rating and set a $730.00 target price on shares of MSCI in a research report on Tuesday, April 21st. One investment analyst has rated the stock with a Strong Buy rating and ten have assigned a Buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Buy” and an average price target of $697.70.

MSCI 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.