Inverness Counsel LLC NY Raises Stock Position in Msci Inc (NYSE:MSCI)

Inverness Counsel LLC NY raised its stake in shares of Msci Inc (NYSE:MSCI) by 6.6% during the fourth quarter, Holdings Channel reports. The firm owned 25,389 shares of the technology company’s stock after buying an additional 1,582 shares during the quarter. Inverness Counsel LLC NY’s holdings in Msci were worth $6,555,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Private Advisory Group LLC boosted its holdings in shares of Msci by 2.8% during the 4th quarter. Private Advisory Group LLC now owns 1,750 shares of the technology company’s stock valued at $452,000 after buying an additional 48 shares in the last quarter. PFG Advisors boosted its holdings in shares of Msci by 0.9% during the 4th quarter. PFG Advisors now owns 6,020 shares of the technology company’s stock valued at $1,605,000 after buying an additional 55 shares in the last quarter. Atlas Capital Advisors LLC boosted its holdings in shares of Msci by 2.2% during the 4th quarter. Atlas Capital Advisors LLC now owns 2,750 shares of the technology company’s stock valued at $710,000 after buying an additional 59 shares in the last quarter. Patton Fund Management Inc. boosted its holdings in shares of Msci by 0.4% during the 4th quarter. Patton Fund Management Inc. now owns 13,929 shares of the technology company’s stock valued at $3,596,000 after buying an additional 62 shares in the last quarter. Finally, Shilanski & Associates Inc. boosted its holdings in shares of Msci by 1.3% during the 3rd quarter. Shilanski & Associates Inc. now owns 5,055 shares of the technology company’s stock valued at $1,101,000 after buying an additional 64 shares in the last quarter. 91.85% of the stock is currently owned by institutional investors and hedge funds.

In related news, COO Laurent Seyer sold 6,000 shares of the stock in a transaction that occurred on Wednesday, November 20th. The shares were sold at an average price of $256.16, for a total value of $1,536,960.00. Following the completion of the sale, the chief operating officer now directly owns 105,787 shares of the company’s stock, valued at approximately $27,098,397.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, COO Cd Baer Pettit sold 2,500 shares of the company’s stock in a transaction that occurred on Tuesday, February 4th. The stock was sold at an average price of $297.56, for a total value of $743,900.00. Following the completion of the transaction, the chief operating officer now owns 300,808 shares of the company’s stock, valued at $89,508,428.48. The disclosure for this sale can be found here. In the last three months, insiders sold 38,373 shares of company stock valued at $9,947,168. 3.10% of the stock is owned by insiders.

Msci stock traded up $0.55 during mid-day trading on Tuesday, reaching $302.02. The stock had a trading volume of 19,254 shares, compared to its average volume of 410,482. The company has a market capitalization of $25.60 billion, a price-to-earnings ratio of 45.83, a PEG ratio of 4.03 and a beta of 1.21. The company has a 50-day moving average price of $274.60 and a two-hundred day moving average price of $245.94. Msci Inc has a one year low of $169.21 and a one year high of $304.45.

Msci (NYSE:MSCI) last issued its earnings results on Thursday, January 30th. The technology company reported $1.67 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.63 by $0.04. Msci had a negative return on equity of 237.36% and a net margin of 36.18%. The business had revenue of $406.61 million during the quarter, compared to analyst estimates of $398.15 million. During the same quarter in the previous year, the firm earned $1.31 EPS. Msci’s revenue was up 12.4% on a year-over-year basis. On average, analysts forecast that Msci Inc will post 7.4 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 6th. Shareholders of record on Friday, February 21st will be given a $0.68 dividend. This represents a $2.72 dividend on an annualized basis and a yield of 0.90%. The ex-dividend date of this dividend is Thursday, February 20th. Msci’s dividend payout ratio (DPR) is 42.24%.

MSCI has been the topic of a number of research reports. Barclays restated a “buy” rating and set a $290.00 target price on shares of Msci in a report on Wednesday, December 18th. Morgan Stanley boosted their target price on shares of Msci from $255.00 to $274.00 and gave the company an “equal weight” rating in a report on Friday, January 31st. UBS Group boosted their target price on shares of Msci from $285.00 to $299.00 and gave the company a “neutral” rating in a report on Friday, January 31st. Zacks Investment Research upgraded shares of Msci from a “hold” rating to a “buy” rating and set a $291.00 target price on the stock in a report on Friday, January 17th. Finally, BMO Capital Markets boosted their target price on shares of Msci to and gave the company an “outperform” rating in a report on Friday, January 31st. Seven analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Msci has a consensus rating of “Hold” and an average target price of $279.00.

About Msci

MSCI Inc, together with its subsidiaries, provides investment decision support tools for the clients to manage their investment processes worldwide. The company operates through four segments: Index, Analytics, ESG, and Real Estate. The Index segment primarily provides equity indexes for use in various areas of the investment process, including index-linked product creation and performance benchmarking, as well as portfolio construction and rebalancing, and asset allocation.

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Institutional Ownership by Quarter for Msci (NYSE:MSCI)

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