Mattern Capital Management LLC Takes Position in MSCI Inc $MSCI

Mattern Capital Management LLC acquired a new stake in shares of MSCI Inc (NYSE:MSCI) during the first quarter, HoldingsChannel reports. The institutional investor acquired 2,764 shares of the technology company’s stock, valued at approximately $1,490,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in MSCI. Venturi Wealth Management LLC raised its stake in MSCI by 4.7% in the 4th quarter. Venturi Wealth Management LLC now owns 375 shares of the technology company’s stock valued at $215,000 after purchasing an additional 17 shares during the last quarter. Robertson Stephens Wealth Management LLC boosted its stake in shares of MSCI by 3.1% during the 4th quarter. Robertson Stephens Wealth Management LLC now owns 568 shares of the technology company’s stock worth $326,000 after purchasing an additional 17 shares during the last quarter. Keel Point LLC grew its holdings in shares of MSCI by 3.0% during the third quarter. Keel Point LLC now owns 622 shares of the technology company’s stock worth $353,000 after buying an additional 18 shares in the last quarter. Allworth Financial LP grew its holdings in shares of MSCI by 1.7% during the fourth quarter. Allworth Financial LP now owns 1,074 shares of the technology company’s stock worth $616,000 after buying an additional 18 shares in the last quarter. Finally, AdvisorShares Investments LLC raised its position in shares of MSCI by 2.5% in the fourth quarter. AdvisorShares Investments LLC now owns 830 shares of the technology company’s stock valued at $476,000 after buying an additional 20 shares during the last quarter. Hedge funds and other institutional investors own 89.97% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on MSCI. Rothschild & Co Redburn set a $690.00 price objective on shares of MSCI in a research note on Thursday, June 18th. Weiss Ratings downgraded MSCI from a “buy (b)” rating to a “buy (b-)” rating in a report on Monday, June 15th. Wells Fargo & Company raised MSCI from an “equal weight” rating to an “overweight” rating and increased their price target for the stock from $650.00 to $700.00 in a research note on Wednesday, May 27th. Royal Bank Of Canada restated an “outperform” rating and set a $655.00 price objective on shares of MSCI in a report on Wednesday, April 22nd. Finally, Barclays lifted their price target on MSCI from $700.00 to $735.00 and gave the company an “overweight” rating in a report on Friday. One research analyst has rated the stock with a Strong Buy rating and ten have given a Buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of $709.27.

Insider Activity

In related news, insider Alvise J. Munari sold 10,000 shares of the stock in a transaction dated 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 owned 23,548 shares in the company, valued at $13,941,357.92. This 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 is available through this hyperlink. Insiders own 3.76% of the company’s stock.

MSCI Trading Up 2.5%

Shares of MSCI stock opened at $619.84 on Tuesday. The firm has a fifty day simple moving average of $593.61 and a 200-day simple moving average of $575.68. The company has a market capitalization of $45.12 billion, a PE ratio of 35.40, a price-to-earnings-growth ratio of 2.23 and a beta of 1.24. MSCI Inc has a twelve month low of $501.08 and a twelve month high of $644.68.

MSCI (NYSE:MSCI) last issued 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. The firm had revenue of $850.80 million during the quarter, compared to analyst estimates of $830.91 million. MSCI had a negative return on equity of 65.48% and a net margin of 40.74%.MSCI’s quarterly revenue was up 14.1% on a year-over-year basis. During the same quarter last year, the firm earned $4.00 EPS. Equities research analysts predict that MSCI Inc will post 19.78 EPS for the current year.

MSCI Dividend Announcement

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 dividend yield of 1.3%. The ex-dividend date of this dividend was Friday, May 15th. MSCI’s dividend payout ratio is 46.83%.

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.