MSCI Inc $MSCI Shares Sold by K.J. Harrison & Partners Inc

K.J. Harrison & Partners Inc cut its holdings in MSCI Inc (NYSE:MSCI) by 54.7% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,484 shares of the technology company’s stock after selling 3,000 shares during the quarter. K.J. Harrison & Partners Inc’s holdings in MSCI were worth $1,339,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of MSCI. State Street Corp lifted its holdings in MSCI by 1.2% in the third quarter. State Street Corp now owns 3,320,761 shares of the technology company’s stock valued at $1,884,233,000 after acquiring an additional 39,450 shares during the period. Bamco Inc. NY lifted its stake in shares of MSCI by 15.1% in the fourth quarter. Bamco Inc. NY now owns 2,755,747 shares of the technology company’s stock valued at $1,581,055,000 after purchasing an additional 361,630 shares during the period. Morgan Stanley lifted its stake in shares of MSCI by 2.2% in the fourth quarter. Morgan Stanley now owns 2,467,556 shares of the technology company’s stock valued at $1,415,713,000 after purchasing an additional 52,242 shares during the period. T. Rowe Price Investment Management Inc. boosted its holdings in MSCI by 13.2% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 1,446,291 shares of the technology company’s stock worth $829,781,000 after buying an additional 168,405 shares in the last quarter. Finally, PineStone Asset Management Inc. grew its position in MSCI by 4.1% during the fourth quarter. PineStone Asset Management Inc. now owns 1,000,942 shares of the technology company’s stock worth $574,270,000 after buying an additional 39,099 shares during the period. Institutional investors and hedge funds own 89.97% of the company’s stock.

MSCI Stock Performance

Shares of NYSE:MSCI opened at $603.00 on Friday. The business’s fifty day moving average price is $591.86 and its two-hundred day moving average price is $573.75. The stock has a market cap of $43.90 billion, a PE ratio of 34.44, a price-to-earnings-growth ratio of 2.28 and a beta of 1.24. MSCI Inc has a one year low of $501.08 and a one year high of $644.68.

MSCI (NYSE:MSCI) last released its quarterly 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. The company had revenue of $850.80 million during the quarter, compared to analysts’ expectations of $830.91 million. MSCI had a negative return on equity of 65.48% and a net margin of 40.74%.The business’s revenue for the quarter was up 14.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $4.00 earnings per share. As a group, equities research analysts predict that MSCI Inc will post 19.62 earnings per share for the current fiscal year.

MSCI Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, May 29th. Shareholders of record on Friday, May 15th were paid a dividend of $2.05 per share. This represents a $8.20 annualized dividend and a dividend yield of 1.4%. The ex-dividend date of this dividend was Friday, May 15th. MSCI’s dividend payout ratio (DPR) is currently 46.83%.

Wall Street Analyst Weigh In

MSCI has been the subject of a number of research analyst reports. Morgan Stanley increased their target price on shares of MSCI from $719.00 to $727.00 and gave the company an “overweight” rating in a report on Wednesday, April 22nd. Rothschild & Co Redburn set a $690.00 price objective on MSCI in a research note on Thursday, June 18th. Wells Fargo & Company raised MSCI from an “equal weight” rating to an “overweight” rating and upped their target price for the company from $650.00 to $700.00 in a report on Wednesday, May 27th. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $655.00 price target on shares of MSCI in a research note on Wednesday, April 22nd. Finally, 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. One investment analyst has rated the stock with a Strong Buy rating and ten have assigned a Buy rating to the company. According to MarketBeat.com, the company has an average rating of “Buy” and an average target price of $697.00.

Insider Activity

In other 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 value of $5,920,400.00. Following the completion of the transaction, the insider owned 23,548 shares of the company’s stock, valued at $13,941,357.92. The trade was a 29.81% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 3.76% of the stock is owned by corporate insiders.

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.