Pallas Capital Advisors LLC Purchases 184 Shares of MSCI Inc. (NYSE:MSCI)

Pallas Capital Advisors LLC increased its holdings in MSCI Inc. (NYSE:MSCI) by 7.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,603 shares of the technology company’s stock after purchasing an additional 184 shares during the quarter. Pallas Capital Advisors LLC’s holdings in MSCI were worth $1,562,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently bought and sold shares of the company. Frank Rimerman Advisors LLC boosted its stake in shares of MSCI by 0.9% during the 3rd quarter. Frank Rimerman Advisors LLC now owns 1,968 shares of the technology company’s stock valued at $1,147,000 after purchasing an additional 17 shares in the last quarter. CWA Asset Management Group LLC boosted its position in MSCI by 4.2% during the 4th quarter. CWA Asset Management Group LLC now owns 418 shares of the technology company’s stock valued at $251,000 after acquiring an additional 17 shares in the last quarter. Planning Capital Management Corp grew its holdings in shares of MSCI by 35.1% during the 3rd quarter. Planning Capital Management Corp now owns 77 shares of the technology company’s stock worth $45,000 after acquiring an additional 20 shares during the period. Private Trust Co. NA grew its holdings in shares of MSCI by 35.1% during the 3rd quarter. Private Trust Co. NA now owns 77 shares of the technology company’s stock worth $45,000 after acquiring an additional 20 shares during the period. Finally, Fifth Third Wealth Advisors LLC raised its position in shares of MSCI by 3.1% in the 3rd quarter. Fifth Third Wealth Advisors LLC now owns 732 shares of the technology company’s stock worth $427,000 after acquiring an additional 22 shares in the last quarter. Hedge funds and other institutional investors own 89.97% of the company’s stock.

Insider Activity at MSCI

In other news, CEO Henry A. Fernandez bought 2,900 shares of the stock in a transaction on Thursday, December 5th. The shares were bought at an average price of $612.80 per share, with a total value of $1,777,120.00. Following the completion of the acquisition, the chief executive officer now owns 330,379 shares in the company, valued at $202,456,251.20. The trade was a 0.89 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 3.20% of the stock is owned by insiders.

MSCI Trading Up 1.0 %

MSCI stock opened at $581.30 on Tuesday. MSCI Inc. has a 12 month low of $439.95 and a 12 month high of $642.45. The stock has a fifty day simple moving average of $602.40 and a two-hundred day simple moving average of $571.95. The firm has a market cap of $45.56 billion, a price-to-earnings ratio of 38.17, a PEG ratio of 3.21 and a beta of 1.11.

MSCI (NYSE:MSCI) last released its quarterly earnings data on Tuesday, October 29th. The technology company reported $3.86 EPS for the quarter, topping the consensus estimate of $3.77 by $0.09. The company had revenue of $724.70 million during the quarter, compared to the consensus estimate of $716.15 million. MSCI had a negative return on equity of 162.06% and a net margin of 43.06%. MSCI’s revenue for the quarter was up 15.9% on a year-over-year basis. During the same period last year, the company earned $3.45 EPS. On average, equities research analysts forecast that MSCI Inc. will post 14.98 EPS for the current fiscal year.

MSCI Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 29th. Stockholders of record on Friday, November 15th were issued a dividend of $1.60 per share. The ex-dividend date of this dividend was Friday, November 15th. This represents a $6.40 annualized dividend and a dividend yield of 1.10%. MSCI’s payout ratio is 42.02%.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on MSCI. UBS Group dropped their price target on MSCI from $695.00 to $680.00 and set a “buy” rating on the stock in a research report on Wednesday, October 30th. Redburn Atlantic upgraded shares of MSCI from a “neutral” rating to a “buy” rating and set a $680.00 price target for the company in a research note on Wednesday, October 9th. Morgan Stanley upped their price objective on shares of MSCI from $662.00 to $695.00 and gave the stock an “overweight” rating in a report on Thursday, December 12th. Wolfe Research upgraded shares of MSCI from a “peer perform” rating to an “outperform” rating in a report on Thursday, December 12th. Finally, The Goldman Sachs Group upgraded MSCI from a “neutral” rating to a “buy” rating and upped their price target for the stock from $617.00 to $723.00 in a research note on Wednesday, December 18th. Four investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $645.67.

MSCI Company Profile

MSCI Inc, together with its subsidiaries, provides critical decision support tools and solutions for the investment community to manage investment processes worldwide. The Index segment provides indexes for use in various areas of the investment process, including indexed financial product, such as ETFs, mutual funds, annuities, futures, options, structured products, and over-the-counter derivatives; performance benchmarking; portfolio construction and rebalancing; and asset allocation, as well as licenses GICS and GICS Direct.