Overbrook Management Corp Decreases Stock Holdings in MSCI Inc. (NYSE:MSCI)

Overbrook Management Corp lowered its stake in MSCI Inc. (NYSE:MSCI) by 4.0% during the fourth quarter, Holdings Channel.com reports. The fund owned 18,422 shares of the technology company’s stock after selling 770 shares during the quarter. MSCI comprises 2.4% of Overbrook Management Corp’s investment portfolio, making the stock its 16th biggest position. Overbrook Management Corp’s holdings in MSCI were worth $11,053,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in MSCI. Dimensional Fund Advisors LP increased its stake in MSCI by 15.6% during the 2nd quarter. Dimensional Fund Advisors LP now owns 254,415 shares of the technology company’s stock worth $122,577,000 after buying an additional 34,351 shares in the last quarter. Mercer Global Advisors Inc. ADV boosted its stake in shares of MSCI by 12.2% in the second quarter. Mercer Global Advisors Inc. ADV now owns 2,669 shares of the technology company’s stock worth $1,246,000 after acquiring an additional 291 shares during the last quarter. Ieq Capital LLC increased its position in shares of MSCI by 6.8% during the second quarter. Ieq Capital LLC now owns 5,170 shares of the technology company’s stock worth $2,491,000 after purchasing an additional 327 shares in the last quarter. AE Wealth Management LLC raised its stake in MSCI by 21.9% in the 2nd quarter. AE Wealth Management LLC now owns 3,456 shares of the technology company’s stock valued at $1,665,000 after purchasing an additional 620 shares during the last quarter. Finally, Pacer Advisors Inc. lifted its holdings in MSCI by 4.5% in the 2nd quarter. Pacer Advisors Inc. now owns 5,614 shares of the technology company’s stock valued at $2,705,000 after purchasing an additional 240 shares in the last quarter. Hedge funds and other institutional investors own 89.97% of the company’s stock.

MSCI Trading Up 0.4 %

Shares of NYSE:MSCI opened at $612.25 on Monday. The company has a market capitalization of $47.98 billion, a price-to-earnings ratio of 40.20, a PEG ratio of 2.61 and a beta of 1.11. MSCI Inc. has a 12-month low of $439.95 and a 12-month high of $642.45. The business has a 50-day moving average price of $603.93 and a 200 day moving average price of $574.64.

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, 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 analysts’ expectations of $716.15 million. During the same period last year, the business earned $3.45 earnings per share. The business’s revenue for the quarter was up 15.9% on a year-over-year basis. As a group, equities research analysts predict that MSCI Inc. will post 14.99 earnings per share for the current fiscal year.

MSCI Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, November 29th. Shareholders 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 of this dividend was Friday, November 15th. MSCI’s payout ratio is 42.02%.

Insiders Place Their Bets

In other news, CEO Henry A. Fernandez bought 2,900 shares of the company’s stock in a transaction 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 transaction, the chief executive officer now directly owns 330,379 shares in the company, valued at $202,456,251.20. The trade was a 0.89 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 3.20% of the stock is owned by insiders.

Analyst Ratings Changes

MSCI has been the subject of a number of research reports. Wells Fargo & Company upped their target price on shares of MSCI from $570.00 to $600.00 and gave the stock an “equal weight” rating in a report on Friday, October 11th. Evercore ISI began coverage on shares of MSCI in a research note on Wednesday, October 2nd. They set an “outperform” rating and a $690.00 price objective for the company. The Goldman Sachs Group raised shares of MSCI from a “neutral” rating to a “buy” rating and raised their target price for the stock from $617.00 to $723.00 in a research note on Wednesday, December 18th. Royal Bank of Canada restated an “outperform” rating and issued a $638.00 price target on shares of MSCI in a research report on Wednesday, October 30th. Finally, Wolfe Research upgraded MSCI from a “peer perform” rating to an “outperform” rating in a research report on Thursday, December 12th. Four equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat, MSCI currently has an average rating of “Moderate Buy” and an average price target of $645.67.

About MSCI

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.