Colonial Trust Co SC Has $42,000 Stock Holdings in MSCI Inc. (NYSE:MSCI)

Colonial Trust Co SC boosted its position in MSCI Inc. (NYSE:MSCI) by 122.6% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 69 shares of the technology company’s stock after purchasing an additional 38 shares during the period. Colonial Trust Co SC’s holdings in MSCI were worth $42,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Johnson Financial Group Inc. lifted its position in shares of MSCI by 293.8% in the fourth quarter. Johnson Financial Group Inc. now owns 63 shares of the technology company’s stock valued at $38,000 after buying an additional 47 shares during the last quarter. Compagnie Lombard Odier SCmA acquired a new stake in MSCI during the 4th quarter valued at $41,000. Y.D. More Investments Ltd lifted its holdings in MSCI by 122.7% during the 4th quarter. Y.D. More Investments Ltd now owns 98 shares of the technology company’s stock valued at $59,000 after purchasing an additional 54 shares during the last quarter. Picton Mahoney Asset Management acquired a new position in shares of MSCI in the fourth quarter valued at $60,000. Finally, Private Trust Co. NA increased its holdings in shares of MSCI by 46.8% in the fourth quarter. Private Trust Co. NA now owns 113 shares of the technology company’s stock valued at $68,000 after purchasing an additional 36 shares during the last quarter. Institutional investors own 89.97% of the company’s stock.

Insider Buying and Selling

In other MSCI news, COO Cd Baer Pettit sold 5,000 shares of the business’s stock in a transaction dated Friday, April 4th. The stock was sold at an average price of $524.25, for a total transaction of $2,621,250.00. Following the completion of the transaction, the chief operating officer now owns 294,787 shares of the company’s stock, valued at approximately $154,542,084.75. The trade was a 1.67 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Henry A. Fernandez purchased 5,300 shares of MSCI stock in a transaction dated Monday, February 24th. The stock was bought at an average price of $574.51 per share, for a total transaction of $3,044,903.00. Following the completion of the purchase, the chief executive officer now owns 1,269,951 shares in the company, valued at $729,599,549.01. This represents a 0.42 % increase in their position. The disclosure for this purchase can be found here. 3.31% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on MSCI. JPMorgan Chase & Co. cut their target price on shares of MSCI from $680.00 to $650.00 and set an “overweight” rating for the company in a research note on Wednesday, April 16th. Barclays cut their price objective on shares of MSCI from $675.00 to $650.00 and set an “overweight” rating for the company in a research report on Friday, April 4th. Wells Fargo & Company decreased their target price on MSCI from $532.00 to $530.00 and set an “equal weight” rating on the stock in a research report on Wednesday, April 16th. Bank of America initiated coverage on MSCI in a report on Thursday, April 10th. They set a “neutral” rating and a $585.00 price target for the company. Finally, Oppenheimer reaffirmed a “market perform” rating on shares of MSCI in a report on Wednesday, April 23rd. Three research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to MarketBeat, MSCI presently has an average rating of “Moderate Buy” and an average target price of $645.36.

MSCI Stock Performance

MSCI opened at $556.15 on Friday. MSCI Inc. has a 52-week low of $475.32 and a 52-week high of $642.45. The firm has a market cap of $43.03 billion, a P/E ratio of 39.56, a price-to-earnings-growth ratio of 2.61 and a beta of 1.33. The business’s fifty day moving average is $548.96 and its 200-day moving average is $579.85.

MSCI (NYSE:MSCI) last released its earnings results on Tuesday, April 22nd. The technology company reported $4.00 EPS for the quarter, beating the consensus estimate of $3.88 by $0.12. MSCI had a net margin of 38.83% and a negative return on equity of 156.08%. The firm had revenue of $745.83 million for the quarter, compared to analyst estimates of $746.45 million. On average, research analysts predict that MSCI Inc. will post 16.86 earnings per share for the current fiscal year.

MSCI Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 30th. Stockholders of record on Friday, May 16th will be issued a dividend of $1.80 per share. The ex-dividend date is Friday, May 16th. This represents a $7.20 dividend on an annualized basis and a dividend yield of 1.29%. MSCI’s dividend payout ratio (DPR) is currently 49.48%.

MSCI Company 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.