Baker Tilly Wealth Management LLC Purchases 59 Shares of MSCI Inc. (NYSE:MSCI)

Baker Tilly Wealth Management LLC lifted its position in shares of MSCI Inc. (NYSE:MSCI) by 6.0% during the 4th quarter, Holdings Channel.com reports. The firm owned 1,044 shares of the technology company’s stock after purchasing an additional 59 shares during the quarter. Baker Tilly Wealth Management LLC’s holdings in MSCI were worth $626,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. LRI Investments LLC boosted its stake in MSCI by 120.0% during the third quarter. LRI Investments LLC now owns 44 shares of the technology company’s stock worth $27,000 after buying an additional 24 shares in the last quarter. HWG Holdings LP acquired a new stake in shares of MSCI during the 2nd quarter valued at about $27,000. True Wealth Design LLC bought a new stake in MSCI in the third quarter valued at about $38,000. Ashton Thomas Securities LLC acquired a new position in MSCI in the third quarter worth about $40,000. Finally, Planning Capital Management Corp lifted its stake in MSCI by 35.1% during the third quarter. Planning Capital Management Corp now owns 77 shares of the technology company’s stock worth $45,000 after purchasing an additional 20 shares during the period. 89.97% of the stock is currently owned by institutional investors.

Insider Activity

In other MSCI news, CEO Henry A. Fernandez purchased 2,900 shares of the business’s stock in a transaction on Thursday, December 5th. The shares were purchased at an average cost of $612.80 per share, with a total value of $1,777,120.00. Following the transaction, the chief executive officer now directly owns 330,379 shares of the company’s stock, valued at $202,456,251.20. This represents a 0.89 % increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 3.20% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently commented on the company. The Goldman Sachs Group raised MSCI from a “neutral” rating to a “buy” rating and boosted their price target for the company from $617.00 to $723.00 in a research note on Wednesday, December 18th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $638.00 target price on shares of MSCI in a report on Wednesday, October 30th. Redburn Atlantic raised shares of MSCI from a “neutral” rating to a “buy” rating and set a $680.00 price target for the company in a report on Wednesday, October 9th. Wolfe Research raised shares of MSCI from a “peer perform” rating to an “outperform” rating in a report on Thursday, December 12th. Finally, Barclays boosted their target price on MSCI from $650.00 to $700.00 and gave the stock an “overweight” rating in a report on Friday, September 13th. Four analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $645.67.

MSCI Trading Down 3.2 %

Shares of MSCI stock traded down $19.46 on Friday, reaching $582.77. The company had a trading volume of 83,705 shares, compared to its average volume of 320,169. The company has a 50-day moving average of $602.60 and a 200-day moving average of $569.53. MSCI Inc. has a 12 month low of $439.95 and a 12 month high of $642.45. The stock has a market cap of $45.67 billion, a PE ratio of 38.26, a PEG ratio of 3.21 and a beta of 1.11.

MSCI (NYSE:MSCI) last announced its quarterly earnings results on Tuesday, October 29th. The technology company reported $3.86 earnings per share for the quarter, topping 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 company had revenue of $724.70 million for the quarter, compared to analysts’ expectations of $716.15 million. During the same period last year, the firm posted $3.45 earnings per share. The business’s quarterly revenue was up 15.9% compared to the same quarter last year. Sell-side analysts anticipate that MSCI Inc. will post 14.98 earnings per share for the current year.

MSCI Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 29th. Investors of record on Friday, November 15th were issued a dividend of $1.60 per share. The ex-dividend date of this dividend was Friday, November 15th. This represents a $6.40 dividend on an annualized basis and a dividend yield of 1.10%. MSCI’s payout ratio is 42.02%.

MSCI 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.