Fox Run Management L.L.C. Takes $2.36 Million Position in MSCI Inc $MSCI

Fox Run Management L.L.C. purchased a new stake in shares of MSCI Inc (NYSE:MSCI) during the 4th quarter, HoldingsChannel.com reports. The firm purchased 4,112 shares of the technology company’s stock, valued at approximately $2,359,000. MSCI makes up 0.4% of Fox Run Management L.L.C.’s portfolio, making the stock its 15th largest holding.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Mowery & Schoenfeld Wealth Management LLC grew its holdings in shares of MSCI by 341.7% during the fourth quarter. Mowery & Schoenfeld Wealth Management LLC now owns 53 shares of the technology company’s stock worth $30,000 after purchasing an additional 41 shares in the last quarter. Harvest Fund Management Co. Ltd purchased a new position in shares of MSCI during the fourth quarter worth about $30,000. Eagle Bay Advisors LLC purchased a new position in shares of MSCI during the fourth quarter worth about $34,000. Elyxium Wealth LLC purchased a new position in shares of MSCI during the fourth quarter worth about $34,000. Finally, Strategic Wealth Investment Group LLC purchased a new position in shares of MSCI during the second quarter worth about $36,000. Hedge funds and other institutional investors own 89.97% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the company. UBS Group boosted their price objective on MSCI from $710.00 to $720.00 and gave the stock a “buy” rating in a report on Wednesday, April 22nd. Weiss Ratings raised MSCI from a “buy (b-)” rating to a “buy (b)” rating in a report on Monday, June 1st. Raymond James Financial reissued a “strong-buy” rating and set a $730.00 price objective on shares of MSCI in a report on Tuesday, April 21st. Royal Bank Of Canada reissued an “outperform” rating and set a $655.00 price objective on shares of MSCI in a report on Wednesday, April 22nd. Finally, Morgan Stanley boosted their price objective on MSCI from $719.00 to $727.00 and gave the stock an “overweight” rating in a report on Wednesday, April 22nd. One analyst has rated the stock with a Strong Buy rating and ten have given a Buy rating to the stock. According to MarketBeat, MSCI currently has a consensus rating of “Buy” and an average target price of $697.70.

Insider Activity at MSCI

In other news, insider Alvise J. Munari sold 10,000 shares of the stock in a transaction that occurred on Friday, April 24th. The stock was sold at an average price of $592.04, for a total transaction 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 represents a 29.81% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Andrew C. Wiechmann sold 450 shares of the stock in a transaction that occurred 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 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. 3.76% of the stock is owned by corporate insiders.

MSCI Price Performance

Shares of MSCI opened at $602.98 on Tuesday. The firm has a market cap of $43.90 billion, a P/E ratio of 34.44, a P/E/G ratio of 2.32 and a beta of 1.24. The stock has a 50 day simple moving average of $579.36 and a two-hundred day simple moving average of $569.26. MSCI Inc has a 1 year low of $501.08 and a 1 year high of $644.68.

MSCI (NYSE:MSCI) last issued its earnings results on Tuesday, April 21st. The technology company reported $4.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.38 by $0.17. The business 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 revenue for the quarter was up 14.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $4.00 earnings per share. On average, equities analysts anticipate that MSCI Inc will post 19.62 earnings per share for the current year.

MSCI Dividend Announcement

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