Loring Wolcott & Coolidge Fiduciary Advisors LLP MA Lowers Position in MSCI Inc. (NYSE:MSCI)

Loring Wolcott & Coolidge Fiduciary Advisors LLP MA trimmed its stake in MSCI Inc. (NYSE:MSCIGet Rating) by 1.4% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 35,015 shares of the technology company’s stock after selling 486 shares during the quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA’s holdings in MSCI were worth $17,608,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently added to or reduced their stakes in the stock. Equitec Proprietary Markets LLC purchased a new stake in MSCI during the fourth quarter worth approximately $26,000. AdvisorNet Financial Inc grew its stake in MSCI by 113.0% during the fourth quarter. AdvisorNet Financial Inc now owns 49 shares of the technology company’s stock worth $30,000 after buying an additional 26 shares during the period. Glassman Wealth Services grew its stake in MSCI by 50.0% during the fourth quarter. Glassman Wealth Services now owns 60 shares of the technology company’s stock worth $37,000 after buying an additional 20 shares during the period. FinTrust Capital Advisors LLC grew its stake in MSCI by 293.8% during the third quarter. FinTrust Capital Advisors LLC now owns 63 shares of the technology company’s stock worth $38,000 after buying an additional 47 shares during the period. Finally, Carolinas Wealth Consulting LLC grew its stake in MSCI by 56.5% during the fourth quarter. Carolinas Wealth Consulting LLC now owns 72 shares of the technology company’s stock worth $44,000 after buying an additional 26 shares during the period. Hedge funds and other institutional investors own 90.76% of the company’s stock.

Several brokerages have recently weighed in on MSCI. Deutsche Bank Aktiengesellschaft decreased their target price on shares of MSCI from $533.00 to $477.00 in a research note on Wednesday, April 27th. Raymond James upgraded shares of MSCI from a “market perform” rating to an “outperform” rating and set a $515.00 target price for the company in a research note on Thursday, April 28th. Barclays decreased their target price on shares of MSCI from $700.00 to $570.00 in a research note on Wednesday, April 27th. StockNews.com began coverage on shares of MSCI in a research note on Thursday, March 31st. They issued a “hold” rating for the company. Finally, The Goldman Sachs Group assumed coverage on shares of MSCI in a research note on Friday, April 1st. They issued a “neutral” rating and a $553.00 target price for the company. Four analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $558.57.

Shares of NYSE:MSCI traded up $6.54 on Thursday, reaching $407.41. 717 shares of the company’s stock were exchanged, compared to its average volume of 453,913. The firm has a market capitalization of $33.11 billion, a price-to-earnings ratio of 43.96 and a beta of 1.07. MSCI Inc. has a fifty-two week low of $376.41 and a fifty-two week high of $679.85. The business’s 50-day moving average is $425.20 and its two-hundred day moving average is $498.14.

MSCI (NYSE:MSCIGet Rating) last released its quarterly earnings data on Tuesday, April 26th. The technology company reported $2.98 earnings per share for the quarter, topping 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 for the quarter, compared to analysts’ expectations of $563.18 million. During the same quarter last year, the company earned $2.46 EPS. The company’s revenue for the quarter was up 17.0% compared to the same quarter last year. Sell-side analysts anticipate that MSCI Inc. will post 11.41 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, May 31st. Investors of record on Friday, May 13th were issued a $1.04 dividend. The ex-dividend date of this dividend was Thursday, May 12th. This represents a $4.16 dividend on an annualized basis and a dividend yield of 1.02%. MSCI’s dividend payout ratio (DPR) is presently 45.61%.

About MSCI (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.

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Institutional Ownership by Quarter for MSCI (NYSE:MSCI)

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