Runnymede Capital Advisors Inc. Buys New Position in MSCI Inc $MSCI

Runnymede Capital Advisors Inc. bought a new stake in MSCI Inc (NYSE:MSCI) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 3,290 shares of the technology company’s stock, valued at approximately $1,888,000. MSCI makes up 1.1% of Runnymede Capital Advisors Inc.’s portfolio, making the stock its 25th largest holding.

Other large investors have also recently bought and sold shares of the company. Empowered Funds LLC raised its holdings in shares of MSCI by 7.6% in the first quarter. Empowered Funds LLC now owns 2,003 shares of the technology company’s stock valued at $1,133,000 after purchasing an additional 142 shares during the last quarter. Woodline Partners LP boosted its holdings in MSCI by 39.0% during the first quarter. Woodline Partners LP now owns 6,585 shares of the technology company’s stock worth $3,724,000 after purchasing an additional 1,846 shares during the last quarter. Sivia Capital Partners LLC boosted its holdings in MSCI by 20.9% during the second quarter. Sivia Capital Partners LLC now owns 1,052 shares of the technology company’s stock worth $607,000 after purchasing an additional 182 shares during the last quarter. California Public Employees Retirement System grew its position in MSCI by 3.0% in the second quarter. California Public Employees Retirement System now owns 194,177 shares of the technology company’s stock valued at $111,990,000 after purchasing an additional 5,569 shares in the last quarter. Finally, Bank of Nova Scotia grew its position in MSCI by 127.7% in the second quarter. Bank of Nova Scotia now owns 59,638 shares of the technology company’s stock valued at $34,396,000 after purchasing an additional 33,445 shares in the last quarter. Institutional investors and hedge funds own 89.97% of the company’s stock.

Insider Buying and Selling

In other MSCI news, CEO Henry A. Fernandez bought 800 shares of the firm’s stock in a transaction that occurred on Tuesday, February 17th. The shares were acquired at an average cost of $518.95 per share, with a total value of $415,160.00. Following the acquisition, the chief executive officer owned 1,493,847 shares of the company’s stock, valued at $775,231,900.65. The trade was a 0.05% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Andrew C. Wiechmann sold 450 shares of the stock in a transaction on Tuesday, March 17th. The shares were sold at an average price of $560.00, for a total value of $252,000.00. Following the completion of the sale, the chief financial officer owned 22,544 shares in the company, valued at approximately $12,624,640. This trade represents a 1.96% decrease in their position. The disclosure for this sale is available in the SEC filing. Company insiders own 3.76% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have commented on MSCI. Wells Fargo & Company cut their price target on shares of MSCI from $618.00 to $545.00 and set an “equal weight” rating on the stock in a research report on Wednesday, April 1st. Raymond James Financial upgraded MSCI from an “outperform” rating to a “strong-buy” rating and set a $710.00 price objective for the company in a report on Tuesday, March 17th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a $715.00 target price on shares of MSCI in a research report on Thursday, January 29th. Evercore upped their target price on MSCI from $655.00 to $690.00 and gave the stock an “outperform” rating in a report on Thursday, January 29th. Finally, Royal Bank Of Canada reissued an “outperform” rating and set a $655.00 price target on shares of MSCI in a research report on Thursday, January 29th. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, MSCI presently has a consensus rating of “Moderate Buy” and a consensus price target of $665.89.

MSCI Price Performance

MSCI stock opened at $543.78 on Monday. The firm has a market capitalization of $39.95 billion, a PE ratio of 34.66, a P/E/G ratio of 2.22 and a beta of 1.30. The company’s 50-day moving average is $555.00 and its 200-day moving average is $562.16. MSCI Inc has a fifty-two week low of $486.73 and a fifty-two week high of $626.28.

MSCI (NYSE:MSCI) last issued its earnings results on Wednesday, January 28th. The technology company reported $4.66 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.62 by $0.04. MSCI had a net margin of 38.36% and a negative return on equity of 82.59%. The business had revenue of $822.53 million during the quarter, compared to the consensus estimate of $819.51 million. During the same period last year, the business posted $4.18 EPS. MSCI’s revenue was up 10.6% on a year-over-year basis. As a group, analysts expect that MSCI Inc will post 16.86 EPS for the current year.

MSCI Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 27th. Shareholders of record on Friday, February 13th were paid a $2.05 dividend. This is a positive change from MSCI’s previous quarterly dividend of $1.80. This represents a $8.20 annualized dividend and a yield of 1.5%. The ex-dividend date was Friday, February 13th. MSCI’s dividend payout ratio is currently 52.26%.

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.