Janney Montgomery Scott LLC Sells 467 Shares of MSCI Inc. (NYSE:MSCI)

Posted by Defense World Staff on Apr 25th, 2023

Janney Montgomery Scott LLC reduced its stake in MSCI Inc. (NYSE:MSCI – Get Rating) by 7.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 5,992 shares of the technology company’s stock after selling 467 shares during the quarter. Janney Montgomery Scott LLC’s holdings in MSCI were worth $2,787,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the stock. BlackRock Inc. raised its holdings in MSCI by 2.7% in the 3rd quarter. BlackRock Inc. now owns 6,732,183 shares of the technology company’s stock valued at $2,839,566,000 after acquiring an additional 176,893 shares during the period. State Street Corp grew its position in shares of MSCI by 0.8% during the 3rd quarter. State Street Corp now owns 3,328,864 shares of the technology company’s stock worth $1,404,082,000 after purchasing an additional 25,088 shares in the last quarter. Durable Capital Partners LP grew its position in shares of MSCI by 7.7% during the 3rd quarter. Durable Capital Partners LP now owns 1,624,439 shares of the technology company’s stock worth $685,172,000 after purchasing an additional 116,521 shares in the last quarter. Alliancebernstein L.P. grew its position in shares of MSCI by 89.2% during the 3rd quarter. Alliancebernstein L.P. now owns 1,492,007 shares of the technology company’s stock worth $629,314,000 after purchasing an additional 703,580 shares in the last quarter. Finally, Sustainable Growth Advisers LP grew its position in shares of MSCI by 1.1% during the 3rd quarter. Sustainable Growth Advisers LP now owns 1,281,922 shares of the technology company’s stock worth $540,702,000 after purchasing an additional 13,721 shares in the last quarter. 88.18% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other MSCI news, insider Jennifer H. Mak sold 900 shares of the company’s stock in a transaction dated Monday, February 13th. The stock was sold at an average price of $559.89, for a total value of $503,901.00. Following the completion of the transaction, the insider now owns 6,843 shares of the company’s stock, valued at approximately $3,831,327.27. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 3.08% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on MSCI. Oppenheimer increased their target price on shares of MSCI from $575.00 to $600.00 and gave the stock an “outperform” rating in a research report on Tuesday, April 4th. JPMorgan Chase & Co. increased their target price on shares of MSCI from $585.00 to $590.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 19th. Raymond James increased their target price on shares of MSCI from $549.00 to $574.00 and gave the stock an “outperform” rating in a research report on Thursday, April 13th. StockNews.com began coverage on shares of MSCI in a research note on Thursday, March 16th. They issued a “hold” rating on the stock. Finally, Royal Bank of Canada upped their target price on MSCI from $520.00 to $600.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 1st. Three equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $565.67.

MSCI Stock Performance

MSCI stock opened at $544.61 on Tuesday. MSCI Inc. has a 52 week low of $376.41 and a 52 week high of $572.50. The stock has a market capitalization of $43.55 billion, a P/E ratio of 50.80 and a beta of 1.15. The stock has a fifty day moving average of $539.90 and a 200-day moving average of $502.63.

MSCI (NYSE:MSCI – Get Rating) last issued its earnings results on Tuesday, January 31st. The technology company reported $2.84 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.71 by $0.13. MSCI had a negative return on equity of 93.24% and a net margin of 38.72%. The business had revenue of $576.20 million during the quarter, compared to analysts’ expectations of $568.53 million. During the same quarter in the prior year, the firm earned $2.51 EPS. The business’s revenue for the quarter was up 4.8% compared to the same quarter last year. On average, research analysts forecast that MSCI Inc. will post 12.76 earnings per share for the current year.

MSCI Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, February 28th. Shareholders of record on Friday, February 17th were issued a $1.38 dividend. This represents a $5.52 dividend on an annualized basis and a yield of 1.01%. The ex-dividend date was Thursday, February 16th. This is a boost from MSCI’s previous quarterly dividend of $1.25. MSCI’s dividend payout ratio is presently 51.49%.

About MSCI

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MSCI, Inc engages in the provision of investment decision support tools including indices, portfolio risk and performance analytics and corporate governance products and services. It operates through the following segments: Index, Analytics, ESG and Climate, and All Other-Private Assets. The Index segment focuses on the investment process, including developing indexed financial products.