Peapack Gladstone Financial Corp lifted its holdings in MSCI Inc. (NYSE:MSCI – Free Report) by 47.5% in the third quarter, according to the company in its most recent filing with the SEC. The fund owned 975 shares of the technology company’s stock after acquiring an additional 314 shares during the quarter. Peapack Gladstone Financial Corp’s holdings in MSCI were worth $568,000 at the end of the most recent quarter.
Other hedge funds have also recently made changes to their positions in the company. LRI Investments LLC lifted its holdings in shares of MSCI by 120.0% in the 3rd quarter. LRI Investments LLC now owns 44 shares of the technology company’s stock worth $27,000 after acquiring an additional 24 shares during the last quarter. Rothschild Investment LLC purchased a new position in shares of MSCI in the second quarter worth $26,000. HWG Holdings LP purchased a new position in shares of MSCI in the second quarter worth $27,000. True Wealth Design LLC purchased a new position in shares of MSCI in the third quarter worth $38,000. Finally, Ashton Thomas Securities LLC purchased a new position in shares of MSCI in the third quarter worth $40,000. 89.97% of the stock is currently owned by institutional investors.
Insider Activity at MSCI
In other news, CEO Henry A. Fernandez acquired 2,900 shares of the business’s stock in a transaction that occurred on Thursday, December 5th. The shares were bought 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 owns 330,379 shares of the company’s stock, valued at $202,456,251.20. This trade represents a 0.89 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. 3.20% of the stock is currently owned by insiders.
Analysts Set New Price Targets
Read Our Latest Stock Analysis on MSCI
MSCI Trading Down 1.7 %
Shares of MSCI stock opened at $625.10 on Monday. 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 $48.99 billion, a PE ratio of 41.04, a price-to-earnings-growth ratio of 3.27 and a beta of 1.10. The company’s fifty day moving average price is $599.91 and its 200-day moving average price is $555.11.
MSCI (NYSE:MSCI – Get Free Report) last announced its earnings results on Tuesday, October 29th. The technology company reported $3.86 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 firm had revenue of $724.70 million for the quarter, compared to analysts’ expectations of $716.15 million. During the same quarter in the previous year, the business posted $3.45 EPS. The company’s quarterly revenue was up 15.9% on a year-over-year basis. On average, sell-side analysts forecast that MSCI Inc. will post 14.98 earnings per share for the current fiscal year.
MSCI Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Friday, November 29th. Investors of record on Friday, November 15th were given a dividend of $1.60 per share. This represents a $6.40 annualized dividend and a yield of 1.02%. The ex-dividend date of this dividend was Friday, November 15th. MSCI’s dividend payout ratio (DPR) is 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.
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