Segment Wealth Management LLC Acquires 231 Shares of MSCI Inc $MSCI

Segment Wealth Management LLC boosted its position in MSCI Inc (NYSE:MSCI) by 6.6% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 3,756 shares of the technology company’s stock after acquiring an additional 231 shares during the period. Segment Wealth Management LLC’s holdings in MSCI were worth $2,166,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of MSCI. Vanguard Group Inc. lifted its holdings in shares of MSCI by 5.9% in the first quarter. Vanguard Group Inc. now owns 9,376,852 shares of the technology company’s stock valued at $5,302,610,000 after purchasing an additional 518,833 shares in the last quarter. AQR Capital Management LLC boosted its holdings in shares of MSCI by 355.7% in the first quarter. AQR Capital Management LLC now owns 660,690 shares of the technology company’s stock worth $365,976,000 after acquiring an additional 515,713 shares during the period. Bank Julius Baer & Co. Ltd Zurich boosted its holdings in shares of MSCI by 605,802.9% in the first quarter. Bank Julius Baer & Co. Ltd Zurich now owns 212,066 shares of the technology company’s stock worth $129,903,000 after acquiring an additional 212,031 shares during the period. Jacobs Levy Equity Management Inc. bought a new stake in MSCI during the first quarter valued at $119,408,000. Finally, Nuveen LLC bought a new stake in MSCI during the first quarter valued at $117,879,000. Institutional investors own 89.97% of the company’s stock.

MSCI Price Performance

Shares of NYSE MSCI opened at $560.95 on Friday. The firm has a 50-day simple moving average of $563.68 and a two-hundred day simple moving average of $559.54. MSCI Inc has a 1 year low of $486.73 and a 1 year high of $642.45. The company has a market cap of $43.40 billion, a P/E ratio of 37.15, a PEG ratio of 2.74 and a beta of 1.33.

MSCI (NYSE:MSCI) last posted its quarterly earnings results on Tuesday, July 22nd. The technology company reported $4.17 earnings per share for the quarter, beating the consensus estimate of $4.12 by $0.05. MSCI had a net margin of 39.46% and a negative return on equity of 143.13%. The firm had revenue of $772.68 million during the quarter, compared to the consensus estimate of $763.06 million. During the same quarter in the previous year, the firm posted $3.64 earnings per share. The company’s revenue was up 9.1% on a year-over-year basis. As a group, equities research analysts expect that MSCI Inc will post 16.86 EPS for the current year.

MSCI Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 29th. Investors of record on Friday, August 15th were issued a dividend of $1.80 per share. This represents a $7.20 annualized dividend and a yield of 1.3%. The ex-dividend date of this dividend was Friday, August 15th. MSCI’s dividend payout ratio (DPR) is presently 47.68%.

Insider Transactions at MSCI

In other MSCI news, CEO Henry A. Fernandez acquired 9,916 shares of the business’s stock in a transaction that occurred on Thursday, July 24th. The shares were bought at an average cost of $544.70 per share, with a total value of $5,401,245.20. Following the completion of the acquisition, the chief executive officer directly owned 1,279,867 shares in the company, valued at $697,143,554.90. This represents a 0.78% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders have purchased 12,400 shares of company stock worth $6,731,599 over the last 90 days. Company insiders own 3.31% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have issued reports on the company. Seaport Res Ptn raised MSCI to a “strong-buy” rating in a research note on Wednesday. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of MSCI in a research report on Saturday, September 27th. JPMorgan Chase & Co. upped their price objective on MSCI from $625.00 to $655.00 and gave the company an “overweight” rating in a research report on Wednesday, September 10th. Raymond James Financial upgraded shares of MSCI from a “market perform” rating to an “outperform” rating and set a $650.00 target price for the company in a research note on Friday, July 25th. Finally, UBS Group upped their price objective on MSCI from $655.00 to $700.00 and gave the stock a “buy” rating in a research note on Tuesday, July 8th. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $652.45.

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.