Ghe LLC Takes $2.84 Million Position in MSCI Inc $MSCI

Ghe LLC purchased a new stake in MSCI Inc (NYSE:MSCI) in the 4th quarter, Holdings Channel.com reports. The firm purchased 4,950 shares of the technology company’s stock, valued at approximately $2,840,000. MSCI makes up 0.9% of Ghe LLC’s holdings, making the stock its 19th largest position.

Other hedge funds and other institutional investors have also modified their holdings of the company. Principal Financial Group Inc. boosted its holdings in shares of MSCI by 6.6% in the 3rd quarter. Principal Financial Group Inc. now owns 1,777,749 shares of the technology company’s stock valued at $1,008,745,000 after buying an additional 109,287 shares during the period. Katamaran Capital LLP lifted its position in MSCI by 57.1% in the 3rd quarter. Katamaran Capital LLP now owns 4,919 shares of the technology company’s stock valued at $2,791,000 after purchasing an additional 1,788 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its position in MSCI by 37.7% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 12,228 shares of the technology company’s stock valued at $6,938,000 after purchasing an additional 3,346 shares during the last quarter. Oppenheimer Asset Management Inc. lifted its position in MSCI by 10.5% in the 3rd quarter. Oppenheimer Asset Management Inc. now owns 36,996 shares of the technology company’s stock valued at $20,992,000 after purchasing an additional 3,510 shares during the last quarter. Finally, Azzad Asset Management Inc. ADV lifted its position in MSCI by 253.0% in the 3rd quarter. Azzad Asset Management Inc. ADV now owns 3,202 shares of the technology company’s stock valued at $1,817,000 after purchasing an additional 2,295 shares during the last quarter. 89.97% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, CFO Andrew C. Wiechmann sold 450 shares of the business’s stock in a transaction that occurred on Tuesday, March 17th. The shares were sold at an average price of $560.00, for a total transaction of $252,000.00. Following the transaction, the chief financial officer directly owned 22,544 shares of the company’s stock, valued at approximately $12,624,640. The trade was a 1.96% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, 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 transaction, the insider directly owned 23,548 shares in the company, valued at $13,941,357.92. The trade was a 29.81% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 3.76% of the company’s stock.

Analyst Ratings Changes

Several analysts recently weighed in on MSCI shares. Raymond James Financial reiterated a “strong-buy” rating and issued a $730.00 price objective on shares of MSCI in a research report on Tuesday, April 21st. Evercore lifted their price objective on shares of MSCI from $655.00 to $690.00 and gave the company an “outperform” rating in a research report on Thursday, January 29th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $715.00 price objective on shares of MSCI in a research report on Thursday, January 29th. Morgan Stanley lifted their price objective on shares of MSCI from $719.00 to $727.00 and gave the company an “overweight” rating in a research report on Wednesday, April 22nd. Finally, Bank of America started coverage on shares of MSCI in a research report on Tuesday, February 17th. They issued a “buy” rating and a $700.00 price objective on the stock. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of $692.70.

MSCI Price Performance

NYSE MSCI opened at $590.97 on Wednesday. The company’s 50 day simple moving average is $566.18 and its 200 day simple moving average is $566.22. The company has a market capitalization of $43.02 billion, a P/E ratio of 33.75, a PEG ratio of 2.22 and a beta of 1.24. MSCI Inc has a 12 month low of $501.08 and a 12 month high of $626.28.

MSCI (NYSE:MSCI) last released its earnings results on Tuesday, April 21st. The technology company reported $4.55 earnings per share for the quarter, topping the consensus estimate of $4.38 by $0.17. The business had revenue of $850.80 million for the quarter, compared to the consensus estimate of $830.91 million. MSCI had a net margin of 40.74% and a negative return on equity of 65.48%. The firm’s quarterly revenue was up 14.1% compared to the same quarter last year. During the same period last year, the firm posted $4.00 earnings per share. On average, analysts anticipate that MSCI Inc will post 19.62 earnings per share for the current year.

MSCI Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 29th. Investors of record on Friday, May 15th will be given a dividend of $2.05 per share. The ex-dividend date of this dividend is Friday, May 15th. This represents a $8.20 dividend on an annualized basis and a yield of 1.4%. MSCI’s payout ratio is presently 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.