Hohimer Wealth Management LLC Buys 1,494 Shares of MSCI Inc $MSCI

Hohimer Wealth Management LLC bought a new position in MSCI Inc (NYSE:MSCI) in the third quarter, according to its most recent disclosure with the SEC. The firm bought 1,494 shares of the technology company’s stock, valued at approximately $805,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. BlackRock Inc. acquired a new position in shares of MSCI during the 2nd quarter valued at about $3,062,626,000. Bamco Inc. NY acquired a new stake in MSCI during the second quarter worth about $1,798,710,000. Mitsubishi UFJ Asset Management Co. Ltd. purchased a new position in MSCI during the second quarter worth about $480,613,000. Generation Investment Management LLP purchased a new position in MSCI during the second quarter worth about $301,493,000. Finally, Legal & General Group Plc purchased a new position in MSCI during the second quarter worth about $257,687,000. 89.97% of the stock is owned by institutional investors and hedge funds.

MSCI Trading Up 0.8%

Shares of NYSE:MSCI opened at $646.26 on Tuesday. The business has a 50-day moving average price of $577.06 and a 200 day moving average price of $575.26. The company has a market capitalization of $46.21 billion, a price-to-earnings ratio of 34.21, a PEG ratio of 2.67 and a beta of 1.20. MSCI Inc has a 12-month low of $501.08 and a 12-month high of $681.04.

MSCI (NYSE:MSCI) last posted its earnings results on Tuesday, October 20th. The technology company reported $5.11 EPS for the quarter, beating analysts’ consensus estimates of $5.03 by $0.08. The company had revenue of $892.00 million for the quarter, compared to analysts’ expectations of $887.83 million. MSCI had a net margin of 40.31% and a negative return on equity of 50.69%. MSCI’s revenue for the quarter was up 12.4% compared to the same quarter last year. During the same quarter in the prior year, the company posted $4.47 earnings per share. As a group, equities research analysts predict that MSCI Inc will post 19.59 earnings per share for the current fiscal year.

MSCI Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, November 27th. Shareholders of record on Friday, November 13th will be given a dividend of $2.05 per share. The ex-dividend date is Friday, November 13th. This represents a $8.20 dividend on an annualized basis and a dividend yield of 1.3%. MSCI’s dividend payout ratio (DPR) is currently 43.41%.

Insider Buying and Selling

In other news, General Counsel Robert Gutowski sold 2,381 shares of the business’s stock in a transaction that occurred on Thursday, October 22nd. The shares were sold at an average price of $623.66, for a total value of $1,484,934.46. Following the sale, the general counsel directly owned 14,104 shares of the company’s stock, valued at approximately $8,796,100.64. The trade was a 14.44% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Andrew Wiechmann sold 450 shares of the company’s stock in a transaction that occurred on Monday, October 12th. The stock was sold at an average price of $570.00, for a total transaction of $256,500.00. Following the completion of the transaction, the chief financial officer owned 21,644 shares in the company, valued at approximately $12,337,080. This represents a 2.04% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 3.76% of the stock is currently owned by insiders.

Analyst Ratings Changes

MSCI has been the topic of several recent analyst reports. Morgan Stanley boosted their target price on shares of MSCI from $662.00 to $671.00 and gave the company an “overweight” rating in a report on Wednesday, October 21st. JPMorgan Chase & Co. raised their price target on shares of MSCI from $685.00 to $710.00 and gave the stock an “overweight” rating in a report on Wednesday, October 21st. Raymond James Financial reaffirmed a “strong-buy” rating and set a $680.00 price target on shares of MSCI in a research report on Tuesday, October 20th. Wells Fargo & Company upped their price objective on MSCI from $685.00 to $720.00 and gave the company an “overweight” rating in a report on Wednesday, October 21st. Finally, Barclays upped their price objective on MSCI from $735.00 to $760.00 and gave the company an “overweight” rating in a report on Monday, November 2nd. One investment analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $683.69.

MSCI Profile

MSCI Inc is a global provider of investment decision-support tools and services for asset managers, banks, insurers, pension funds and other financial institutions. Its offerings include indexes used to benchmark and develop investment products, as well as portfolio risk, performance and attribution analytics.

The company also provides environmental, social and governance data and research, climate-related tools, and analytics covering private assets and real estate. These products help clients assess investments, manage portfolios and evaluate risks across public and private markets.

MSCI traces its origins to Capital International, whose indexes were introduced in 1969.