Coldstream Capital Management Inc. Boosts Stake in MSCI Inc. (NYSE:MSCI)

Coldstream Capital Management Inc. raised its stake in MSCI Inc. (NYSE:MSCI) by 5.2% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,715 shares of the technology company’s stock after buying an additional 85 shares during the period. Coldstream Capital Management Inc.’s holdings in MSCI were worth $1,002,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in MSCI. Geode Capital Management LLC lifted its stake in shares of MSCI by 0.7% in the 3rd quarter. Geode Capital Management LLC now owns 1,862,362 shares of the technology company’s stock valued at $1,082,594,000 after acquiring an additional 13,691 shares during the last quarter. LRI Investments LLC boosted its position in shares of MSCI by 120.0% during the third quarter. LRI Investments LLC now owns 44 shares of the technology company’s stock valued at $27,000 after purchasing an additional 24 shares in the last quarter. Cape Cod Five Cents Savings Bank grew its holdings in MSCI by 26.9% in the third quarter. Cape Cod Five Cents Savings Bank now owns 10,027 shares of the technology company’s stock worth $5,845,000 after purchasing an additional 2,125 shares during the period. DF Dent & Co. Inc. increased its holdings in shares of MSCI by 49.7% during the third quarter. DF Dent & Co. Inc. now owns 69,860 shares of the technology company’s stock valued at $40,723,000 after acquiring an additional 23,194 shares in the last quarter. Finally, National Bank of Canada FI lifted its stake in shares of MSCI by 59.1% in the third quarter. National Bank of Canada FI now owns 68,147 shares of the technology company’s stock worth $39,683,000 after buying an additional 25,314 shares in the last quarter. Hedge funds and other institutional investors own 89.97% of the company’s stock.

Insider Buying and Selling at MSCI

In other news, CEO Henry A. Fernandez purchased 2,900 shares of the company’s stock in a transaction that occurred on Thursday, December 5th. The stock was bought at an average cost of $612.80 per share, with a total value of $1,777,120.00. Following the completion of the purchase, the chief executive officer now owns 330,379 shares in the company, valued at approximately $202,456,251.20. This represents a 0.89 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 3.20% of the company’s stock.

Wall Street Analyst Weigh In

MSCI has been the topic of several recent analyst reports. Royal Bank of Canada reaffirmed an “outperform” rating and set a $638.00 price objective on shares of MSCI in a research report on Wednesday, October 30th. UBS Group cut their target price on shares of MSCI from $695.00 to $680.00 and set a “buy” rating for the company in a research report on Wednesday, October 30th. Wells Fargo & Company increased their price target on MSCI from $570.00 to $600.00 and gave the company an “equal weight” rating in a report on Friday, October 11th. Wolfe Research raised MSCI from a “peer perform” rating to an “outperform” rating in a report on Thursday. Finally, Morgan Stanley raised their target price on MSCI from $662.00 to $695.00 and gave the stock an “overweight” rating in a research report on Thursday. Six investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to data from MarketBeat.com, MSCI currently has a consensus rating of “Moderate Buy” and a consensus target price of $634.58.

MSCI Stock Performance

Shares of MSCI stock opened at $635.90 on Friday. MSCI Inc. has a fifty-two week low of $439.95 and a fifty-two week high of $642.45. The company has a market capitalization of $49.84 billion, a P/E ratio of 41.75, a P/E/G ratio of 3.27 and a beta of 1.10. The company has a fifty day moving average of $598.25 and a 200 day moving average of $552.75.

MSCI (NYSE:MSCI) last announced its quarterly earnings data on Tuesday, October 29th. The technology company reported $3.86 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.77 by $0.09. MSCI had a net margin of 43.06% and a negative return on equity of 162.06%. The business had revenue of $724.70 million during the quarter, compared to analyst estimates of $716.15 million. During the same period last year, the firm posted $3.45 EPS. The company’s revenue was up 15.9% on a year-over-year basis. Analysts forecast that MSCI Inc. will post 14.98 EPS for the current year.

MSCI Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, November 29th. Shareholders of record on Friday, November 15th were paid a $1.60 dividend. This represents a $6.40 annualized dividend and a yield of 1.01%. The ex-dividend date was Friday, November 15th. MSCI’s payout ratio is currently 42.02%.

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.