MSCI Inc $MSCI Shares Bought by Spire Wealth Management

Spire Wealth Management grew its holdings in shares of MSCI Inc (NYSE:MSCI) by 4,586.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,093 shares of the technology company’s stock after buying an additional 3,027 shares during the quarter. Spire Wealth Management’s holdings in MSCI were worth $1,755,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in MSCI. PineStone Asset Management Inc. grew its position in shares of MSCI by 11.9% in the 2nd quarter. PineStone Asset Management Inc. now owns 890,123 shares of the technology company’s stock worth $513,370,000 after acquiring an additional 94,466 shares in the last quarter. Canoe Financial LP raised its position in shares of MSCI by 12.6% during the 3rd quarter. Canoe Financial LP now owns 209,831 shares of the technology company’s stock valued at $119,060,000 after acquiring an additional 23,500 shares in the last quarter. Katamaran Capital LLP acquired a new stake in shares of MSCI during the 2nd quarter valued at approximately $1,806,000. Evelyn Partners Investment Management Services Ltd lifted its stake in MSCI by 158.9% during the second quarter. Evelyn Partners Investment Management Services Ltd now owns 4,971 shares of the technology company’s stock worth $2,774,000 after purchasing an additional 3,051 shares during the last quarter. Finally, waypoint wealth counsel acquired a new position in MSCI in the second quarter worth $355,000. Institutional investors own 89.97% of the company’s stock.

MSCI Stock Down 0.0%

MSCI stock opened at $581.11 on Friday. MSCI Inc has a 52-week low of $486.73 and a 52-week high of $634.99. The firm has a market capitalization of $43.66 billion, a price-to-earnings ratio of 36.83 and a beta of 1.30. The firm has a 50-day moving average price of $565.90 and a two-hundred day moving average price of $564.39.

MSCI (NYSE:MSCI) last announced its quarterly earnings results on Tuesday, October 28th. The technology company reported $4.47 EPS for the quarter, beating the consensus estimate of $4.37 by $0.10. The company had revenue of $793.43 million for the quarter, compared to analyst estimates of $794.87 million. MSCI had a net margin of 40.03% and a negative return on equity of 110.94%. MSCI’s revenue was up 9.5% compared to the same quarter last year. During the same quarter last year, the business earned $3.86 earnings per share. Research analysts expect that MSCI Inc will post 16.86 earnings per share for the current year.

MSCI announced that its Board of Directors has approved a stock repurchase plan on Tuesday, October 28th that authorizes the company to buyback $3.00 billion in shares. This buyback authorization authorizes the technology company to repurchase up to 7.1% of its shares through open market purchases. Shares buyback plans are usually an indication that the company’s leadership believes its stock is undervalued.

MSCI Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 28th. Investors of record on Friday, November 14th were paid a dividend of $1.80 per share. This represents a $7.20 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date was Friday, November 14th. MSCI’s payout ratio is currently 45.63%.

Insider Buying and Selling

In other MSCI news, General Counsel Robert J. Gutowski sold 624 shares of the business’s stock in a transaction dated Monday, November 24th. The shares were sold at an average price of $558.42, for a total transaction of $348,454.08. Following the sale, the general counsel directly owned 15,945 shares in the company, valued at approximately $8,904,006.90. The trade was a 3.77% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Andrew C. Wiechmann sold 450 shares of the company’s stock in a transaction that occurred on Thursday, December 11th. The stock was sold at an average price of $550.00, for a total value of $247,500.00. Following the completion of the sale, the chief financial officer owned 21,639 shares of the company’s stock, valued at $11,901,450. This trade represents a 2.04% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Corporate insiders own 3.31% of the company’s stock.

Analyst Ratings Changes

MSCI has been the topic of a number of research reports. Barclays increased their target price on shares of MSCI from $650.00 to $660.00 and gave the stock an “overweight” rating in a report on Wednesday, October 29th. UBS Group increased their price objective on shares of MSCI from $700.00 to $710.00 and gave the stock a “buy” rating in a research note on Wednesday, October 29th. Weiss Ratings reissued a “hold (c+)” rating on shares of MSCI in a report on Monday, December 29th. Wells Fargo & Company upped their target price on MSCI from $533.00 to $570.00 and gave the company an “equal weight” rating in a report on Wednesday, October 29th. Finally, JPMorgan Chase & Co. increased their price target on MSCI from $655.00 to $680.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 29th. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $642.63.

MSCI Profile

MSCI Inc is a global provider of investment decision support tools and services for the financial industry. The company is best known for its family of market indexes, which are widely used as benchmarks by asset managers and as the basis for exchange-traded funds and other passive products. In addition to index construction and licensing, MSCI offers portfolio analytics, risk models, factor and performance attribution tools, and a suite of data and technology solutions designed to support portfolio management and trading.

Beyond traditional indexing and risk analytics, MSCI has expanded into environmental, social and governance (ESG) research and ratings, offering data, scores and screening tools that help investors integrate sustainability considerations into investment processes.