OMERS ADMINISTRATION Corp Acquires 556 Shares of MSCI Inc. (NYSE:MSCI)

OMERS ADMINISTRATION Corp increased its holdings in shares of MSCI Inc. (NYSE:MSCI) by 20.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,302 shares of the technology company’s stock after purchasing an additional 556 shares during the period. OMERS ADMINISTRATION Corp’s holdings in MSCI were worth $1,981,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of MSCI. JPMorgan Chase & Co. lifted its holdings in shares of MSCI by 4.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 536,211 shares of the technology company’s stock valued at $312,574,000 after purchasing an additional 23,050 shares in the last quarter. Kathmere Capital Management LLC raised its position in MSCI by 15.6% in the 4th quarter. Kathmere Capital Management LLC now owns 667 shares of the technology company’s stock valued at $400,000 after buying an additional 90 shares during the last quarter. Park Avenue Securities LLC raised its position in MSCI by 9.2% in the 4th quarter. Park Avenue Securities LLC now owns 3,121 shares of the technology company’s stock valued at $1,873,000 after buying an additional 263 shares during the last quarter. Burney Co. raised its position in MSCI by 8.7% in the 4th quarter. Burney Co. now owns 1,251 shares of the technology company’s stock valued at $751,000 after buying an additional 100 shares during the last quarter. Finally, Essex Savings Bank acquired a new stake in MSCI in the 4th quarter valued at approximately $203,000. Institutional investors own 89.97% of the company’s stock.

MSCI Stock Up 1.6%

NYSE:MSCI opened at $575.41 on Friday. The firm has a market capitalization of $44.52 billion, a price-to-earnings ratio of 40.93, a price-to-earnings-growth ratio of 2.61 and a beta of 1.33. MSCI Inc. has a twelve month low of $475.32 and a twelve month high of $642.45. The stock’s 50 day moving average price is $549.55 and its two-hundred day moving average price is $579.18.

MSCI (NYSE:MSCI) last posted its quarterly earnings results on Tuesday, April 22nd. The technology company reported $4.00 earnings per share for the quarter, topping the consensus estimate of $3.88 by $0.12. The firm had revenue of $745.83 million for the quarter, compared to analyst estimates of $746.45 million. MSCI had a negative return on equity of 156.08% and a net margin of 38.83%. As a group, analysts anticipate 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, May 30th. Investors of record on Friday, May 16th will be issued a dividend of $1.80 per share. This represents a $7.20 dividend on an annualized basis and a dividend yield of 1.25%. The ex-dividend date of this dividend is Friday, May 16th. MSCI’s payout ratio is presently 49.48%.

Insider Buying and Selling

In related news, COO Cd Baer Pettit sold 5,000 shares of the business’s stock in a transaction that occurred 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 transaction, the chief operating officer now directly owns 289,787 shares of the company’s stock, valued at approximately $160,133,398.33. The trade was a 1.70% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Henry A. Fernandez bought 5,300 shares of the firm’s stock in a transaction that occurred on Monday, February 24th. The shares were acquired at an average cost of $574.51 per share, for a total transaction of $3,044,903.00. Following the completion of the acquisition, the chief executive officer now directly owns 1,269,951 shares in the company, valued at $729,599,549.01. The trade was a 0.42% increase in their position. The disclosure for this purchase can be found here. 3.31% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on MSCI shares. JPMorgan Chase & Co. dropped their target price on MSCI from $680.00 to $650.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 16th. Evercore ISI dropped their target price on MSCI from $673.00 to $631.00 and set an “outperform” rating on the stock in a research report on Wednesday, April 23rd. Bank of America started coverage on MSCI in a research report on Thursday, April 10th. They issued a “neutral” rating and a $585.00 target price on the stock. Wells Fargo & Company dropped 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. Finally, Barclays dropped their target price on MSCI from $675.00 to $650.00 and set an “overweight” rating on the stock in a research report on Friday, April 4th. Three research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat, MSCI currently has a consensus rating of “Moderate Buy” and a consensus target price of $645.36.

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.