354 Shares in MSCI Inc. (NYSE:MSCI) Bought by Thoroughbred Financial Services LLC

Thoroughbred Financial Services LLC purchased a new position in MSCI Inc. (NYSE:MSCI) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 354 shares of the technology company’s stock, valued at approximately $200,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in MSCI. Optiver Holding B.V. bought a new stake in MSCI in the third quarter worth $26,000. ORG Partners LLC boosted its holdings in MSCI by 5,600.0% in the third quarter. ORG Partners LLC now owns 57 shares of the technology company’s stock worth $29,000 after acquiring an additional 56 shares in the last quarter. Headinvest LLC bought a new stake in MSCI in the third quarter worth $30,000. American National Bank boosted its holdings in MSCI by 1,300.0% in the fourth quarter. American National Bank now owns 70 shares of the technology company’s stock worth $40,000 after acquiring an additional 65 shares in the last quarter. Finally, First United Bank & Trust bought a new stake in MSCI in the fourth quarter worth $48,000. 89.97% of the stock is owned by hedge funds and other institutional investors.

MSCI Stock Performance

MSCI stock opened at $490.40 on Friday. The stock has a market cap of $38.85 billion, a PE ratio of 33.47, a price-to-earnings-growth ratio of 2.60 and a beta of 1.09. MSCI Inc. has a one year low of $439.95 and a one year high of $617.39. The stock has a fifty day moving average of $513.20 and a 200 day moving average of $536.31.

MSCI (NYSE:MSCI) last posted its quarterly earnings data on Tuesday, April 23rd. The technology company reported $3.52 EPS for the quarter, beating analysts’ consensus estimates of $3.44 by $0.08. The company had revenue of $680.00 million during the quarter, compared to analysts’ expectations of $685.47 million. MSCI had a negative return on equity of 121.86% and a net margin of 44.55%. MSCI’s revenue for the quarter was up 14.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $3.14 earnings per share. As a group, sell-side analysts predict that MSCI Inc. will post 14.66 EPS for the current fiscal year.

MSCI Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, May 31st. Shareholders of record on Friday, May 17th will be given a $1.60 dividend. This represents a $6.40 dividend on an annualized basis and a yield of 1.31%. The ex-dividend date of this dividend is Thursday, May 16th. MSCI’s payout ratio is 43.69%.

Insiders Place Their Bets

In related news, COO Cd Baer Pettit purchased 7,500 shares of MSCI stock in a transaction on Thursday, April 25th. The stock was acquired at an average price of $459.41 per share, for a total transaction of $3,445,575.00. Following the completion of the transaction, the chief operating officer now directly owns 291,038 shares in the company, valued at approximately $133,705,767.58. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. In related news, insider Scott A. Crum sold 9,000 shares of the stock in a transaction dated Tuesday, April 30th. The stock was sold at an average price of $471.69, for a total transaction of $4,245,210.00. Following the completion of the sale, the insider now owns 12,831 shares in the company, valued at $6,052,254.39. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Cd Baer Pettit bought 7,500 shares of the business’s stock in a transaction that occurred on Thursday, April 25th. The shares were acquired at an average price of $459.41 per share, with a total value of $3,445,575.00. Following the transaction, the chief operating officer now directly owns 291,038 shares of the company’s stock, valued at approximately $133,705,767.58. The disclosure for this purchase can be found here. Company insiders own 3.20% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have commented on the company. Wells Fargo & Company boosted their target price on MSCI from $615.00 to $660.00 and gave the stock an “overweight” rating in a report on Wednesday, January 31st. Barclays dropped their target price on MSCI from $700.00 to $600.00 and set an “overweight” rating on the stock in a report on Wednesday, April 24th. StockNews.com downgraded MSCI from a “buy” rating to a “hold” rating in a report on Tuesday, February 20th. Morgan Stanley lowered their price target on MSCI from $671.00 to $615.00 and set an “overweight” rating on the stock in a report on Wednesday, April 24th. Finally, Deutsche Bank Aktiengesellschaft raised MSCI from a “hold” rating to a “buy” rating and lowered their price target for the company from $613.00 to $569.00 in a report on Wednesday, April 24th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $570.53.

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.