Crossmark Global Holdings Inc. Has $1.59 Million Stock Position in MSCI Inc. (NYSE:MSCI)

Crossmark Global Holdings Inc. reduced its position in MSCI Inc. (NYSE:MSCI) by 39.8% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 2,652 shares of the technology company’s stock after selling 1,753 shares during the period. Crossmark Global Holdings Inc.’s holdings in MSCI were worth $1,591,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. HWG Holdings LP bought a new position in shares of MSCI in the 2nd quarter worth $27,000. LRI Investments LLC boosted its position 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 purchasing an additional 24 shares during the last quarter. True Wealth Design LLC bought a new position in shares of MSCI in the 3rd quarter worth $38,000. Ashton Thomas Securities LLC bought a new position in shares of MSCI in the 3rd quarter worth $40,000. Finally, Planning Capital Management Corp boosted its position in shares of MSCI by 35.1% in the 3rd 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 last quarter. 89.97% of the stock is owned by institutional investors and hedge funds.

MSCI Price Performance

MSCI stock opened at $614.58 on Friday. The stock has a market capitalization of $48.16 billion, a P/E ratio of 40.35, a P/E/G ratio of 2.80 and a beta of 1.11. The business has a 50-day moving average of $604.61 and a 200-day moving average of $577.21. MSCI Inc. has a fifty-two week low of $439.95 and a fifty-two week high of $642.45.

MSCI (NYSE:MSCI) last posted its quarterly earnings data on Tuesday, October 29th. The technology company reported $3.86 earnings per share for the quarter, topping the consensus estimate of $3.77 by $0.09. MSCI had a negative return on equity of 162.06% and a net margin of 43.06%. The company had revenue of $724.70 million during the quarter, compared to analysts’ expectations of $716.15 million. During the same period in the prior year, the firm earned $3.45 earnings per share. MSCI’s revenue for the quarter was up 15.9% compared to the same quarter last year. Equities analysts expect that MSCI Inc. will post 14.98 EPS for the current year.

MSCI Dividend Announcement

The business also recently announced 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 was Friday, November 15th. This represents a $6.40 annualized dividend and a yield of 1.04%. MSCI’s payout ratio is presently 42.02%.

Wall Street Analysts Forecast Growth

MSCI has been the topic of several recent research reports. The Goldman Sachs Group upgraded MSCI from a “neutral” rating to a “buy” rating and raised their price target for the stock from $617.00 to $723.00 in a research report on Wednesday, December 18th. Royal Bank of Canada reissued an “outperform” rating and issued a $638.00 target price on shares of MSCI in a research note on Wednesday, October 30th. Redburn Atlantic raised MSCI from a “neutral” rating to a “buy” rating and set a $680.00 target price for the company in a research note on Wednesday, October 9th. Wolfe Research raised MSCI from a “peer perform” rating to an “outperform” rating in a research note on Thursday, December 12th. Finally, JPMorgan Chase & Co. boosted their target price on MSCI from $680.00 to $700.00 and gave the company an “overweight” rating in a research note on Tuesday. Four analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to MarketBeat, MSCI has a consensus rating of “Moderate Buy” and a consensus target price of $649.85.

Insider Buying and Selling

In related news, CEO Henry A. Fernandez bought 2,900 shares of the company’s stock in a transaction that occurred on Thursday, December 5th. The shares were acquired at an average price of $612.80 per share, for a total transaction of $1,777,120.00. Following the completion of the acquisition, the chief executive officer now owns 330,379 shares of the company’s stock, valued at approximately $202,456,251.20. The trade was a 0.89 % increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 3.20% of the stock is currently owned by corporate insiders.

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.