Kathmere Capital Management LLC Purchases 90 Shares of MSCI Inc. (NYSE:MSCI)

Kathmere Capital Management LLC lifted its position in shares of MSCI Inc. (NYSE:MSCI) by 15.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 667 shares of the technology company’s stock after acquiring an additional 90 shares during the quarter. Kathmere Capital Management LLC’s holdings in MSCI were worth $400,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in MSCI. Edgewood Management LLC raised its holdings in MSCI by 16.9% during the 3rd quarter. Edgewood Management LLC now owns 2,195,639 shares of the technology company’s stock worth $1,279,904,000 after purchasing an additional 318,214 shares during the last quarter. Massachusetts Financial Services Co. MA raised its stake in shares of MSCI by 14.3% during the third quarter. Massachusetts Financial Services Co. MA now owns 1,587,723 shares of the technology company’s stock worth $925,531,000 after buying an additional 198,666 shares during the last quarter. Assenagon Asset Management S.A. lifted its holdings in MSCI by 358.3% in the third quarter. Assenagon Asset Management S.A. now owns 133,636 shares of the technology company’s stock valued at $77,900,000 after buying an additional 104,474 shares during the period. Champlain Investment Partners LLC bought a new position in MSCI in the third quarter valued at approximately $56,101,000. Finally, APG Asset Management N.V. grew its holdings in MSCI by 38.8% during the 2nd quarter. APG Asset Management N.V. now owns 315,887 shares of the technology company’s stock worth $141,991,000 after acquiring an additional 88,239 shares during the period. Institutional investors and hedge funds own 89.97% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on MSCI. Redburn Atlantic raised MSCI from a “neutral” rating to a “buy” rating and set a $680.00 price target on the stock in a research note on Wednesday, October 9th. Evercore ISI initiated coverage on MSCI in a research note on Wednesday, October 2nd. They issued an “outperform” rating and a $690.00 target price on the stock. Wolfe Research upgraded MSCI from a “peer perform” rating to an “outperform” rating in a report on Thursday, December 12th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $638.00 price target on shares of MSCI in a research note on Wednesday, October 30th. Finally, The Goldman Sachs Group raised shares of MSCI from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $617.00 to $723.00 in a research note on Wednesday, December 18th. Four analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. Based on data from MarketBeat, MSCI currently has a consensus rating of “Moderate Buy” and an average target price of $645.67.

MSCI Stock Up 1.4 %

MSCI stock opened at $609.49 on Friday. The company has a 50 day moving average of $602.89 and a 200-day moving average of $572.89. MSCI Inc. has a twelve month low of $439.95 and a twelve month high of $642.45. The stock has a market capitalization of $47.77 billion, a PE ratio of 40.02, a price-to-earnings-growth ratio of 2.61 and a beta of 1.11.

MSCI (NYSE:MSCI) last posted its quarterly earnings data on Tuesday, October 29th. The technology company reported $3.86 EPS for the quarter, beating the consensus estimate of $3.77 by $0.09. The business had revenue of $724.70 million for the quarter, compared to analysts’ expectations of $716.15 million. MSCI had a net margin of 43.06% and a negative return on equity of 162.06%. The firm’s revenue was up 15.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $3.45 EPS. Equities analysts anticipate that MSCI Inc. will post 14.99 EPS for the current fiscal year.

MSCI Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, November 29th. Investors of record on Friday, November 15th were given a $1.60 dividend. This represents a $6.40 dividend on an annualized basis and a yield of 1.05%. The ex-dividend date was Friday, November 15th. MSCI’s dividend payout ratio is presently 42.02%.

Insider Activity at MSCI

In other MSCI news, CEO Henry A. Fernandez bought 2,900 shares of the firm’s stock in a transaction that occurred on Thursday, December 5th. The stock was acquired at an average price of $612.80 per share, with a total value of $1,777,120.00. Following the completion of the transaction, the chief executive officer now owns 330,379 shares in the company, valued at approximately $202,456,251.20. This trade represents a 0.89 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 3.20% of the stock is owned by insiders.

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.