Eventide Asset Management LLC Has $20.86 Million Position in MSCI Inc $MSCI

Eventide Asset Management LLC grew its position in MSCI Inc (NYSE:MSCI) by 2.8% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 36,280 shares of the technology company’s stock after buying an additional 980 shares during the quarter. Eventide Asset Management LLC’s holdings in MSCI were worth $20,855,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in MSCI. Mowery & Schoenfeld Wealth Management LLC raised its position in shares of MSCI by 341.7% in the 4th quarter. Mowery & Schoenfeld Wealth Management LLC now owns 53 shares of the technology company’s stock valued at $30,000 after buying an additional 41 shares in the last quarter. Harvest Fund Management Co. Ltd acquired a new position in shares of MSCI in the 4th quarter valued at approximately $30,000. Eagle Bay Advisors LLC acquired a new position in MSCI during the 4th quarter worth approximately $34,000. Elyxium Wealth LLC acquired a new position in MSCI during the 4th quarter worth approximately $34,000. Finally, Strategic Wealth Investment Group LLC acquired a new position in MSCI during the 2nd quarter worth approximately $36,000. 89.97% of the stock is currently owned by institutional investors and hedge funds.

MSCI Price Performance

MSCI opened at $599.14 on Friday. MSCI Inc has a fifty-two week low of $501.08 and a fifty-two week high of $644.68. The firm has a market capitalization of $43.62 billion, a price-to-earnings ratio of 34.22, a PEG ratio of 2.26 and a beta of 1.24. The company’s 50 day moving average price is $584.93 and its two-hundred day moving average price is $570.38.

MSCI (NYSE:MSCI) last posted its earnings results on Tuesday, April 21st. The technology company reported $4.55 earnings per share for the quarter, topping 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 in the previous year, the firm posted $4.00 EPS. The company’s revenue for the quarter was up 14.1% compared to the same quarter last year. As a group, equities research analysts predict that MSCI Inc will post 19.62 EPS for the current year.

MSCI Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, May 29th. Shareholders of record on Friday, May 15th were issued a dividend of $2.05 per share. This represents a $8.20 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date of this dividend was Friday, May 15th. MSCI’s payout ratio is presently 46.83%.

Insider Buying and Selling

In other MSCI news, insider Alvise J. Munari sold 10,000 shares of the business’s stock in a transaction that occurred on Friday, April 24th. The shares were sold at an average price of $592.04, for a total transaction of $5,920,400.00. Following the sale, the insider directly owned 23,548 shares of the company’s stock, valued at $13,941,357.92. The trade was a 29.81% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Andrew C. Wiechmann sold 450 shares of the business’s stock in a transaction that occurred on Tuesday, March 17th. The stock was sold at an average price of $560.00, for a total transaction of $252,000.00. Following the sale, the chief financial officer directly owned 22,544 shares in the company, valued at $12,624,640. The trade was a 1.96% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders own 3.76% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently issued reports on MSCI shares. Royal Bank Of Canada reiterated an “outperform” rating and set a $655.00 price objective on shares of MSCI in a research report on Wednesday, April 22nd. Morgan Stanley upped their price objective on shares of MSCI from $719.00 to $727.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 22nd. Wells Fargo & Company upgraded shares of MSCI from an “equal weight” rating to an “overweight” rating and upped their price objective for the stock from $650.00 to $700.00 in a research report on Wednesday, May 27th. Weiss Ratings upgraded shares of MSCI from a “buy (b-)” rating to a “buy (b)” rating in a research report on Monday, June 1st. Finally, Bank of America started coverage on shares of MSCI in a research report on Tuesday, February 17th. They set a “buy” rating and a $700.00 price objective for the company. One equities research analyst has rated the stock with a Strong Buy rating and ten have given a Buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average target price 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.