Sequoia Financial Advisors LLC Has $1.48 Million Holdings in MSCI Inc $MSCI

by · The Cerbat Gem

Sequoia Financial Advisors LLC lifted its position in shares of MSCI Inc (NYSE:MSCI – Free Report) by 4.5% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,560 shares of the technology company’s stock after purchasing an additional 110 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in MSCI were worth $1,477,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Sunbelt Securities Inc. raised its position in MSCI by 15.4% in the 1st quarter. Sunbelt Securities Inc. now owns 142 shares of the technology company’s stock valued at $80,000 after purchasing an additional 19 shares during the last quarter. Quotient Wealth Partners LLC raised its position in MSCI by 5.9% in the 1st quarter. Quotient Wealth Partners LLC now owns 361 shares of the technology company’s stock valued at $204,000 after purchasing an additional 20 shares during the last quarter. Gries Financial LLC raised its position in shares of MSCI by 1.3% during the second quarter. Gries Financial LLC now owns 1,505 shares of the technology company’s stock worth $868,000 after acquiring an additional 20 shares during the last quarter. Copperwynd Financial LLC raised its position in shares of MSCI by 1.1% during the second quarter. Copperwynd Financial LLC now owns 1,793 shares of the technology company’s stock worth $1,034,000 after acquiring an additional 20 shares during the last quarter. Finally, Signaturefd LLC raised its position in shares of MSCI by 1.7% during the first quarter. Signaturefd LLC now owns 1,261 shares of the technology company’s stock worth $713,000 after acquiring an additional 21 shares during the last quarter. Institutional investors and hedge funds own 89.97% of the company’s stock.

Insider Buying and Selling

In related news, CEO Henry A. Fernandez acquired 84 shares of the company’s stock in a transaction that occurred on Friday, July 25th. The stock was acquired at an average price of $548.69 per share, for a total transaction of $46,089.96. Following the completion of the acquisition, the chief executive officer owned 1,279,951 shares of the company’s stock, valued at $702,296,314.19. This trade represents a 0.01% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders bought a total of 12,400 shares of company stock valued at $6,731,599 in the last ninety days. Corporate insiders own 3.31% of the company’s stock.

MSCI Trading Down 2.9%

NYSE MSCI opened at $533.72 on Friday. The stock has a 50-day simple moving average of $563.25 and a 200 day simple moving average of $558.78. The company has a market capitalization of $41.29 billion, a PE ratio of 35.35, a P/E/G ratio of 2.68 and a beta of 1.33. MSCI Inc has a 12 month low of $486.73 and a 12 month high of $642.45.

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

MSCI Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 29th. Investors of record on Friday, August 15th were issued a $1.80 dividend. This represents a $7.20 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date was Friday, August 15th. MSCI’s dividend payout ratio is currently 47.68%.

Analysts Set New Price Targets

MSCI has been the subject of a number of recent research reports. Raymond James Financial upgraded MSCI from a “market perform” rating to an “outperform” rating and set a $650.00 target price for the company in a research report on Friday, July 25th. Seaport Res Ptn upgraded MSCI to a “strong-buy” rating in a research report on Wednesday, October 1st. Weiss Ratings restated a “buy (b-)” rating on shares of MSCI in a research report on Wednesday, October 8th. UBS Group boosted their target price on MSCI from $655.00 to $700.00 and gave the stock a “buy” rating in a research report on Tuesday, July 8th. Finally, Wells Fargo & Company dropped their target price on MSCI from $578.00 to $533.00 and set an “equal weight” rating for the company in a research report on Wednesday, July 23rd. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $647.70.

View Our Latest Report on MSCI

MSCI Profile

(Free Report)

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.

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