Pinnacle Associates Ltd. Has $606,000 Position in MSCI Inc (NYSE:MSCI)

Pinnacle Associates Ltd. increased its position in shares of MSCI Inc (NYSE:MSCI) by 2.1% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,072 shares of the technology company’s stock after acquiring an additional 22 shares during the quarter. Pinnacle Associates Ltd.’s holdings in MSCI were worth $606,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in MSCI. LPL Financial LLC lifted its stake in shares of MSCI by 13.4% during the fourth quarter. LPL Financial LLC now owns 45,404 shares of the technology company’s stock valued at $27,243,000 after acquiring an additional 5,350 shares during the period. JPMorgan Chase & Co. increased its holdings in shares of MSCI by 5.9% in the fourth quarter. JPMorgan Chase & Co. now owns 567,834 shares of the technology company’s stock worth $340,707,000 after acquiring an additional 31,623 shares in the last quarter. NEOS Investment Management LLC increased its holdings in shares of MSCI by 31.4% in the fourth quarter. NEOS Investment Management LLC now owns 2,157 shares of the technology company’s stock worth $1,294,000 after acquiring an additional 515 shares in the last quarter. Pictet Asset Management Holding SA increased its holdings in shares of MSCI by 1.3% in the fourth quarter. Pictet Asset Management Holding SA now owns 37,352 shares of the technology company’s stock worth $22,412,000 after acquiring an additional 483 shares in the last quarter. Finally, DnB Asset Management AS increased its holdings in shares of MSCI by 1.8% in the fourth quarter. DnB Asset Management AS now owns 13,322 shares of the technology company’s stock worth $7,993,000 after acquiring an additional 239 shares in the last quarter. Institutional investors and hedge funds own 89.97% of the company’s stock.

Insider Activity

In other MSCI news, COO Cd Baer Pettit sold 5,000 shares of the stock in a transaction on Monday, May 5th. The stock was sold at an average price of $552.59, for a total transaction of $2,762,950.00. Following the completion of the transaction, the chief operating officer directly owned 289,787 shares of the company’s stock, valued at approximately $160,133,398.33. This represents a 1.70% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 3.31% of the stock is currently owned by corporate insiders.

MSCI Stock Performance

MSCI stock opened at $546.49 on Monday. The stock’s 50 day simple moving average is $564.37 and its 200 day simple moving average is $565.89. MSCI Inc has a fifty-two week low of $486.73 and a fifty-two week high of $642.45. The company has a market cap of $42.28 billion, a P/E ratio of 36.19, a price-to-earnings-growth ratio of 2.70 and a beta of 1.32.

MSCI (NYSE:MSCI) last issued its quarterly earnings data on Tuesday, July 22nd. The technology company reported $4.17 EPS for the quarter, topping the consensus estimate of $4.12 by $0.05. The firm had revenue of $772.68 million during the quarter, compared to the consensus estimate of $763.06 million. MSCI had a negative return on equity of 143.13% and a net margin of 39.46%. The company’s quarterly revenue was up 9.1% compared to the same quarter last year. During the same period in the prior year, the business posted $3.64 earnings per share. Equities analysts predict that MSCI Inc will post 16.86 earnings per share for the current year.

MSCI Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 29th. Stockholders of record on Friday, August 15th will be issued a $1.80 dividend. This represents a $7.20 annualized dividend and a dividend yield of 1.32%. The ex-dividend date of this dividend is Friday, August 15th. MSCI’s dividend payout ratio is presently 47.68%.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on MSCI shares. JPMorgan Chase & Co. increased their price target on MSCI from $650.00 to $680.00 and gave the stock an “overweight” rating in a report on Monday, July 21st. Royal Bank Of Canada reiterated an “outperform” rating and set a $675.00 price objective on shares of MSCI in a report on Wednesday, April 16th. Oppenheimer reiterated a “market perform” rating on shares of MSCI in a report on Wednesday, April 23rd. Wells Fargo & Company decreased their price target on MSCI from $578.00 to $533.00 and set an “equal weight” rating for the company in a research note on Wednesday, July 23rd. Finally, Bank of America initiated coverage on MSCI in a research note on Thursday, April 10th. They issued a “neutral” rating and a $585.00 price target for the company. Three equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $654.73.

MSCI 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.