Assetmark Inc. Has $3.66 Million Stock Holdings in MSCI Inc. (NYSE:MSCI)

Assetmark Inc. lifted its stake in MSCI Inc. (NYSE:MSCI) by 20.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 6,464 shares of the technology company’s stock after acquiring an additional 1,087 shares during the quarter. Assetmark Inc.’s holdings in MSCI were worth $3,656,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Bamco Inc. NY lifted its holdings in shares of MSCI by 0.7% during the 3rd quarter. Bamco Inc. NY now owns 2,260,105 shares of the technology company’s stock valued at $1,159,615,000 after buying an additional 15,184 shares during the last quarter. FMR LLC grew its position in MSCI by 1.6% in the third quarter. FMR LLC now owns 1,893,728 shares of the technology company’s stock worth $971,634,000 after acquiring an additional 30,528 shares in the last quarter. Wellington Management Group LLP increased its stake in shares of MSCI by 14.0% during the 3rd quarter. Wellington Management Group LLP now owns 1,460,634 shares of the technology company’s stock worth $749,422,000 after purchasing an additional 179,508 shares during the last quarter. Brown Advisory Inc. lifted its stake in shares of MSCI by 4.4% in the 4th quarter. Brown Advisory Inc. now owns 1,038,761 shares of the technology company’s stock valued at $587,575,000 after purchasing an additional 44,234 shares during the last quarter. Finally, American Century Companies Inc. lifted its stake in shares of MSCI by 32.5% in the 3rd quarter. American Century Companies Inc. now owns 959,894 shares of the technology company’s stock valued at $492,502,000 after purchasing an additional 235,290 shares during the last quarter. 89.97% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts have weighed in on the company. Barclays reduced their price target on MSCI from $700.00 to $600.00 and set an “overweight” rating for the company in a research report on Wednesday, April 24th. The Goldman Sachs Group lowered their price target on MSCI from $615.00 to $526.00 and set a “neutral” rating on the stock in a report on Wednesday, April 24th. Oppenheimer restated a “market perform” rating on shares of MSCI in a research note on Wednesday, April 24th. Wells Fargo & Company raised their target price on shares of MSCI from $615.00 to $660.00 and gave the company an “overweight” rating in a research note on Wednesday, January 31st. Finally, Wolfe Research started coverage on MSCI in a research report on Tuesday, March 26th. They issued a “peer perform” rating on the stock. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and ten have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $570.53.

MSCI Stock Up 0.5 %

MSCI stock traded up $2.60 on Friday, hitting $493.00. The company’s stock had a trading volume of 482,853 shares, compared to its average volume of 827,539. The company has a fifty day moving average price of $512.16 and a 200-day moving average price of $536.28. The firm has a market cap of $39.06 billion, a P/E ratio of 33.65, a price-to-earnings-growth ratio of 2.53 and a beta of 1.09. MSCI Inc. has a one year low of $439.95 and a one year high of $617.39.

MSCI (NYSE:MSCI) last announced its quarterly earnings results on Tuesday, April 23rd. The technology company reported $3.52 EPS for the quarter, topping analysts’ consensus estimates of $3.44 by $0.08. MSCI had a net margin of 44.55% and a negative return on equity of 121.86%. The firm had revenue of $680.00 million during the quarter, compared to analysts’ expectations of $685.47 million. During the same quarter last year, the company earned $3.14 earnings per share. The company’s revenue for the quarter was up 14.8% compared to the same quarter last year. Analysts anticipate that MSCI Inc. will post 14.66 EPS for the current 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 1.30%. The ex-dividend date of this dividend is Thursday, May 16th. MSCI’s dividend payout ratio (DPR) is 43.69%.

Insiders Place Their Bets

In other MSCI news, insider Scott A. Crum sold 9,000 shares of the business’s stock in a transaction dated Tuesday, April 30th. The shares were sold at an average price of $471.69, for a total value of $4,245,210.00. Following the transaction, the insider now directly owns 12,831 shares in the company, valued at $6,052,254.39. The transaction was disclosed in a document filed with the SEC, which is available through this link. In other MSCI news, insider Scott A. Crum sold 9,000 shares of the business’s stock in a transaction on Tuesday, April 30th. The stock was sold at an average price of $471.69, for a total value of $4,245,210.00. Following the transaction, the insider now owns 12,831 shares of the company’s stock, valued at $6,052,254.39. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, COO Cd Baer Pettit bought 7,500 shares of the stock in a transaction dated Thursday, April 25th. The stock was acquired at an average price of $459.41 per share, with a total value of $3,445,575.00. Following the completion of the purchase, the chief operating officer now 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. Corporate insiders own 3.20% of the company’s stock.

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.