Clear Harbor Asset Management LLC Has $4.48 Million Holdings in MSCI Inc. (NYSE:MSCI)

Clear Harbor Asset Management LLC boosted its stake in MSCI Inc. (NYSE:MSCI) by 0.8% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,913 shares of the technology company’s stock after buying an additional 66 shares during the quarter. Clear Harbor Asset Management LLC’s holdings in MSCI were worth $4,476,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of MSCI. State Street Corp grew its stake in MSCI by 2.6% during the second quarter. State Street Corp now owns 3,227,973 shares of the technology company’s stock worth $1,514,855,000 after buying an additional 82,761 shares during the last quarter. Bamco Inc. NY increased its holdings in MSCI by 0.7% during the 3rd quarter. Bamco Inc. NY now owns 2,260,105 shares of the technology company’s stock valued at $1,159,615,000 after purchasing an additional 15,184 shares in the last quarter. FMR LLC raised its position in MSCI by 1.6% in the 3rd quarter. FMR LLC now owns 1,893,728 shares of the technology company’s stock valued at $971,634,000 after purchasing an additional 30,528 shares during the last quarter. Geode Capital Management LLC boosted its stake in MSCI by 2.2% in the first quarter. Geode Capital Management LLC now owns 1,637,256 shares of the technology company’s stock worth $914,510,000 after purchasing an additional 35,746 shares in the last quarter. Finally, Wellington Management Group LLP grew its holdings in shares of MSCI by 14.0% during the third quarter. Wellington Management Group LLP now owns 1,460,634 shares of the technology company’s stock worth $749,422,000 after purchasing an additional 179,508 shares during the last quarter. 89.97% of the stock is currently owned by institutional investors.

MSCI Stock Up 0.6 %

MSCI stock traded up $3.33 during midday trading on Thursday, hitting $560.33. 338,876 shares of the stock were exchanged, compared to its average volume of 461,072. The stock has a market capitalization of $44.39 billion, a PE ratio of 38.91, a P/E/G ratio of 2.77 and a beta of 1.07. The company has a fifty day simple moving average of $565.79 and a two-hundred day simple moving average of $537.74. MSCI Inc. has a 52 week low of $451.55 and a 52 week high of $617.39.

MSCI (NYSE:MSCI) last announced its quarterly earnings results on Tuesday, January 30th. The technology company reported $3.68 earnings per share for the quarter, topping analysts’ consensus estimates of $3.29 by $0.39. MSCI had a net margin of 45.42% and a negative return on equity of 111.17%. The company had revenue of $690.11 million for the quarter, compared to analysts’ expectations of $662.64 million. During the same period last year, the firm posted $2.84 earnings per share. The business’s quarterly revenue was up 19.8% compared to the same quarter last year. As a group, equities research analysts anticipate that MSCI Inc. will post 14.8 EPS for the current fiscal year.

MSCI Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, February 29th. Shareholders of record on Friday, February 16th were issued a $1.60 dividend. This is an increase from MSCI’s previous quarterly dividend of $1.38. This represents a $6.40 annualized dividend and a dividend yield of 1.14%. The ex-dividend date was Thursday, February 15th. MSCI’s dividend payout ratio is 44.44%.

Wall Street Analysts Forecast Growth

MSCI has been the subject of a number of research analyst reports. The Goldman Sachs Group lifted their price target on MSCI from $544.00 to $617.00 and gave the company a “neutral” rating in a report on Wednesday, January 31st. Royal Bank of Canada upped their target price on shares of MSCI from $588.00 to $638.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 31st. Redburn Atlantic lowered shares of MSCI from a “neutral” rating to a “sell” rating and lowered their price target for the company from $620.00 to $470.00 in a report on Tuesday, February 20th. Barclays boosted their price objective on shares of MSCI from $600.00 to $700.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 31st. Finally, Wolfe Research started coverage on MSCI in a research report on Tuesday. They issued a “peer perform” rating on the stock. Three analysts have rated the stock with a sell rating, five have given a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, MSCI has an average rating of “Hold” and an average price target of $578.21.

About MSCI

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.