Los Angeles Capital Management LLC Decreases Stock Position in MSCI Inc. (NYSE:MSCI)

Posted by on May 3rd, 2023

Los Angeles Capital Management LLC reduced its position in MSCI Inc. (NYSE:MSCI – Get Rating) by 7.1% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 2,687 shares of the technology company’s stock after selling 206 shares during the period. Los Angeles Capital Management LLC’s holdings in MSCI were worth $1,250,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in the company. Guardian Wealth Advisors LLC purchased a new stake in MSCI during the 3rd quarter valued at $48,000. Dimensional Fund Advisors LP grew its position in shares of MSCI by 1.1% during the 3rd quarter. Dimensional Fund Advisors LP now owns 299,255 shares of the technology company’s stock valued at $126,230,000 after acquiring an additional 3,217 shares during the period. Atria Investments Inc bought a new position in MSCI in the 4th quarter worth $1,028,000. Comerica Bank boosted its holdings in MSCI by 18.9% in the 4th quarter. Comerica Bank now owns 18,217 shares of the technology company’s stock worth $9,295,000 after buying an additional 2,894 shares during the period. Finally, Crossmark Global Holdings Inc. boosted its holdings in MSCI by 12.2% in the 4th quarter. Crossmark Global Holdings Inc. now owns 4,452 shares of the technology company’s stock worth $2,071,000 after buying an additional 485 shares during the period. 88.18% of the stock is currently owned by hedge funds and other institutional investors.

MSCI Trading Down 3.0 %

Shares of NYSE MSCI opened at $468.49 on Wednesday. The firm’s 50-day moving average price is $530.18 and its 200-day moving average price is $506.24. The stock has a market capitalization of $37.51 billion, a price-to-earnings ratio of 42.94 and a beta of 1.15. MSCI Inc. has a 12-month low of $376.41 and a 12-month high of $572.50.

MSCI (NYSE:MSCI – Get Rating) last announced its earnings results on Tuesday, April 25th. The technology company reported $3.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.91 by $0.23. MSCI had a net margin of 38.62% and a negative return on equity of 93.49%. The firm had revenue of $592.20 million for the quarter, compared to analysts’ expectations of $593.92 million. During the same period in the prior year, the company earned $2.98 EPS. The business’s revenue was up 5.8% compared to the same quarter last year. On average, equities analysts predict that MSCI Inc. will post 12.89 EPS for the current fiscal year.

MSCI Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 31st. Investors of record on Friday, May 12th will be given a $1.38 dividend. This represents a $5.52 dividend on an annualized basis and a yield of 1.18%. The ex-dividend date of this dividend is Thursday, May 11th. MSCI’s dividend payout ratio (DPR) is currently 50.60%.

Analyst Upgrades and Downgrades

MSCI has been the subject of several recent analyst reports. Raymond James upped their target price on shares of MSCI from $549.00 to $574.00 and gave the stock an “outperform” rating in a report on Thursday, April 13th. Oppenheimer upped their target price on shares of MSCI from $575.00 to $600.00 and gave the stock an “outperform” rating in a report on Tuesday, April 4th. JPMorgan Chase & Co. upped their target price on shares of MSCI from $585.00 to $590.00 and gave the stock an “overweight” rating in a report on Wednesday, April 19th. SpectralCast reiterated a “maintains” rating on shares of MSCI in a research note on Wednesday, April 26th. Finally, UBS Group decreased their price target on shares of MSCI from $611.00 to $570.00 in a research note on Wednesday, April 26th. Three equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $567.22.

Insider Buying and Selling

In related news, insider Jennifer H. Mak sold 900 shares of the stock in a transaction dated Monday, February 13th. The shares were sold at an average price of $559.89, for a total value of $503,901.00. Following the sale, the insider now directly owns 6,843 shares of the company’s stock, valued at approximately $3,831,327.27. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 3.08% of the stock is currently owned by corporate insiders.

MSCI Profile

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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.

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Institutional Ownership by Quarter for MSCI (NYSE:MSCI)

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