Connecticut Wealth Management LLC Grows Position in MSCI Inc. (NYSE:MSCI)

Connecticut Wealth Management LLC boosted its position in MSCI Inc. (NYSE:MSCI) by 59.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,101 shares of the technology company’s stock after purchasing an additional 412 shares during the period. Connecticut Wealth Management LLC’s holdings in MSCI were worth $623,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also modified their holdings of the business. Optiver Holding B.V. bought a new position in shares of MSCI in the third quarter worth about $26,000. ORG Partners LLC grew its position in shares of MSCI by 5,600.0% during the 3rd quarter. ORG Partners LLC now owns 57 shares of the technology company’s stock worth $29,000 after buying an additional 56 shares in the last quarter. Headinvest LLC purchased a new position in shares of MSCI during the third quarter valued at $30,000. Annis Gardner Whiting Capital Advisors LLC purchased a new position in shares of MSCI during the third quarter valued at $51,000. Finally, Quent Capital LLC raised its holdings in shares of MSCI by 23.5% in the fourth quarter. Quent Capital LLC now owns 100 shares of the technology company’s stock valued at $57,000 after acquiring an additional 19 shares in the last quarter. Hedge funds and other institutional investors own 89.97% of the company’s stock.

Insider Buying and Selling at MSCI

In other MSCI news, COO Cd Baer Pettit bought 7,500 shares of the firm’s stock in a transaction that occurred on Thursday, April 25th. The stock was bought at an average cost 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 of the company’s stock, valued at approximately $133,705,767.58. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In related news, CEO Henry A. Fernandez acquired 13,000 shares of the stock in a transaction on Thursday, April 25th. The shares were acquired at an average price of $465.92 per share, for a total transaction of $6,056,960.00. Following the transaction, the chief executive officer now owns 327,479 shares in the company, valued at approximately $152,579,015.68. The purchase was disclosed in a filing with the SEC, which is available through this link. Also, COO Cd Baer Pettit acquired 7,500 shares of the company’s stock in a transaction dated Thursday, April 25th. The shares were purchased at an average cost of $459.41 per share, for a total transaction of $3,445,575.00. Following the purchase, the chief operating officer now directly owns 291,038 shares in the company, valued at $133,705,767.58. The disclosure for this purchase can be found here. Company insiders own 3.20% of the company’s stock.

Analyst Upgrades and Downgrades

MSCI has been the topic of several recent research reports. The Goldman Sachs Group dropped their target price on shares of MSCI from $615.00 to $526.00 and set a “neutral” rating on the stock in a report on Wednesday, April 24th. Royal Bank of Canada reissued an “outperform” rating and set a $638.00 price objective on shares of MSCI in a report on Friday, April 12th. Redburn Atlantic lowered MSCI from a “neutral” rating to a “sell” rating and lowered their target price for the stock from $620.00 to $470.00 in a report on Tuesday, February 20th. Oppenheimer reaffirmed a “market perform” rating on shares of MSCI in a research report on Wednesday, April 24th. Finally, Wolfe Research began coverage on MSCI in a research report on Tuesday, March 26th. They issued a “peer perform” rating for the company. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $569.53.

MSCI Price Performance

NYSE:MSCI traded down $0.66 during trading hours on Friday, hitting $467.04. 826,479 shares of the company were exchanged, compared to its average volume of 922,270. The company’s 50 day moving average price is $532.35 and its 200-day moving average price is $536.44. The stock has a market capitalization of $37.00 billion, a price-to-earnings ratio of 31.88, a PEG ratio of 2.42 and a beta of 1.09. MSCI Inc. has a 52-week low of $439.95 and a 52-week high of $617.39.

MSCI (NYSE:MSCI) last announced its quarterly earnings data on Tuesday, April 23rd. The technology company reported $3.52 earnings per share for the quarter, beating analysts’ consensus estimates of $3.44 by $0.08. The firm had revenue of $680.00 million for the quarter, compared to analyst estimates of $685.47 million. MSCI had a net margin of 44.55% and a negative return on equity of 121.86%. The business’s quarterly revenue was up 14.8% compared to the same quarter last year. During the same period in the previous year, the company earned $3.14 earnings per share. On average, equities analysts predict that MSCI Inc. will post 14.66 earnings per share for the current year.

MSCI Dividend Announcement

The firm 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 dividend of $1.60 per share. This represents a $6.40 dividend on an annualized basis and a yield of 1.37%. The ex-dividend date of this dividend is Thursday, May 16th. MSCI’s dividend payout ratio is presently 43.69%.

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.