Dock Street Asset Management Inc. Cuts Stake in MSCI Inc. (NYSE:MSCI)

Dock Street Asset Management Inc. lessened its position in MSCI Inc. (NYSE:MSCIGet Rating) by 1.6% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 18,373 shares of the technology company’s stock after selling 294 shares during the period. MSCI makes up 1.7% of Dock Street Asset Management Inc.’s investment portfolio, making the stock its 20th largest holding. Dock Street Asset Management Inc.’s holdings in MSCI were worth $9,239,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Personal CFO Solutions LLC boosted its position in shares of MSCI by 1.4% in the third quarter. Personal CFO Solutions LLC now owns 1,190 shares of the technology company’s stock worth $724,000 after acquiring an additional 17 shares during the last quarter. Golden State Wealth Management LLC raised its stake in MSCI by 2.7% during the fourth quarter. Golden State Wealth Management LLC now owns 729 shares of the technology company’s stock worth $447,000 after purchasing an additional 19 shares during the period. Glassman Wealth Services boosted its holdings in shares of MSCI by 50.0% in the 4th quarter. Glassman Wealth Services now owns 60 shares of the technology company’s stock valued at $37,000 after purchasing an additional 20 shares during the last quarter. Segment Wealth Management LLC grew its stake in shares of MSCI by 1.1% during the 4th quarter. Segment Wealth Management LLC now owns 1,891 shares of the technology company’s stock valued at $1,159,000 after buying an additional 21 shares during the period. Finally, Lloyd Advisory Services LLC. increased its holdings in shares of MSCI by 18.9% during the 4th quarter. Lloyd Advisory Services LLC. now owns 132 shares of the technology company’s stock worth $81,000 after buying an additional 21 shares during the last quarter. 90.76% of the stock is currently owned by institutional investors and hedge funds.

A number of equities research analysts have issued reports on MSCI shares. The Goldman Sachs Group started coverage on MSCI in a research report on Friday, April 1st. They set a “neutral” rating and a $553.00 price target for the company. Deutsche Bank Aktiengesellschaft decreased their target price on MSCI from $533.00 to $477.00 in a report on Wednesday, April 27th. Redburn Partners started coverage on shares of MSCI in a report on Tuesday, May 17th. They issued a “buy” rating on the stock. Royal Bank of Canada decreased their price objective on shares of MSCI from $720.00 to $600.00 in a research note on Friday, April 22nd. Finally, Raymond James raised shares of MSCI from a “market perform” rating to an “outperform” rating and set a $515.00 target price on the stock in a research note on Thursday, April 28th. Four research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $558.57.

Shares of MSCI traded up $13.33 during mid-day trading on Thursday, reaching $414.20. 2,480 shares of the stock traded hands, compared to its average volume of 453,913. The stock has a fifty day simple moving average of $425.20 and a 200 day simple moving average of $498.14. MSCI Inc. has a 12-month low of $376.41 and a 12-month high of $679.85. The firm has a market cap of $33.66 billion, a price-to-earnings ratio of 43.96 and a beta of 1.07.

MSCI (NYSE:MSCIGet Rating) last released its quarterly earnings results on Tuesday, April 26th. The technology company reported $2.98 earnings per share for the quarter, beating analysts’ consensus estimates of $2.74 by $0.24. MSCI had a net margin of 35.65% and a negative return on equity of 205.88%. The business had revenue of $559.90 million during the quarter, compared to analyst estimates of $563.18 million. During the same period last year, the business earned $2.46 EPS. The business’s revenue was up 17.0% on a year-over-year basis. As a group, research analysts predict that MSCI Inc. will post 11.41 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Tuesday, May 31st. Stockholders of record on Friday, May 13th were given a dividend of $1.04 per share. This represents a $4.16 dividend on an annualized basis and a dividend yield of 1.00%. The ex-dividend date was Thursday, May 12th. MSCI’s payout ratio is 45.61%.

MSCI Company Profile (Get Rating)

MSCI Inc, together with its subsidiaries, provides investment decision support tools for the clients to manage their investment processes worldwide. It operates through four segments: Index, Analytics, ESG and Climate, and All Other – Private Assets. The Index segment provides indexes for use in various areas of the investment process, including indexed product creation, such as ETFs, mutual funds, annuities, futures, options, structured products, over-the-counter derivatives; performance benchmarking; portfolio construction and rebalancing; and asset allocation, as well as licenses GICS and GICS Direct.

See Also

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Institutional Ownership by Quarter for MSCI (NYSE:MSCI)

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