BAM Wealth Management LLC Acquires New Holdings in MSCI Inc $MSCI

BAM Wealth Management LLC bought a new stake in MSCI Inc (NYSE:MSCI) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 1,352 shares of the technology company’s stock, valued at approximately $767,000.

Several other large investors have also recently bought and sold shares of the stock. Pinnacle Bancorp Inc. acquired a new stake in shares of MSCI in the 3rd quarter worth approximately $27,000. Root Financial Partners LLC acquired a new stake in MSCI in the third quarter worth approximately $28,000. Steph & Co. acquired a new stake in MSCI in the second quarter worth approximately $35,000. Strategic Wealth Investment Group LLC bought a new position in MSCI during the 2nd quarter valued at $36,000. Finally, Eastern Bank acquired a new position in shares of MSCI during the 3rd quarter valued at $50,000. Institutional investors and hedge funds own 89.97% of the company’s stock.

MSCI Price Performance

Shares of MSCI stock opened at $589.11 on Friday. MSCI Inc has a fifty-two week low of $486.73 and a fifty-two week high of $634.99. The stock’s 50-day moving average is $568.99 and its two-hundred day moving average is $565.30. The firm has a market cap of $44.27 billion, a P/E ratio of 37.33, a PEG ratio of 2.53 and a beta of 1.30.

MSCI (NYSE:MSCI) last announced its quarterly earnings results on Tuesday, October 28th. The technology company reported $4.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.37 by $0.10. MSCI had a negative return on equity of 110.94% and a net margin of 40.03%.The business had revenue of $793.43 million during the quarter, compared to analyst estimates of $794.87 million. During the same period in the previous year, the company earned $3.86 EPS. The firm’s revenue was up 9.5% on a year-over-year basis. As a group, research analysts expect that MSCI Inc will post 16.86 EPS for the current year.

MSCI declared that its Board of Directors has approved a share buyback plan on Tuesday, October 28th that authorizes the company to buyback $3.00 billion in outstanding shares. This buyback authorization authorizes the technology company to buy up to 7.1% of its shares through open market purchases. Shares buyback plans are often an indication that the company’s board believes its stock is undervalued.

MSCI Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, November 28th. Shareholders of record on Friday, November 14th were given a $1.80 dividend. This represents a $7.20 annualized dividend and a yield of 1.2%. The ex-dividend date of this dividend was Friday, November 14th. MSCI’s payout ratio is currently 45.63%.

Insiders Place Their Bets

In related news, CFO Andrew C. Wiechmann sold 450 shares of the company’s stock in a transaction on Thursday, December 11th. The shares were sold at an average price of $550.00, for a total value of $247,500.00. Following the completion of the sale, the chief financial officer directly owned 21,639 shares in the company, valued at approximately $11,901,450. This represents a 2.04% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Henry A. Fernandez bought 2,290 shares of the stock in a transaction on Friday, December 5th. The shares were acquired at an average cost of $536.17 per share, for a total transaction of $1,227,829.30. Following the completion of the transaction, the chief executive officer directly owned 335,069 shares of the company’s stock, valued at approximately $179,653,945.73. The trade was a 0.69% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders own 3.31% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently weighed in on MSCI. UBS Group raised their target price on MSCI from $700.00 to $710.00 and gave the company a “buy” rating in a research note on Wednesday, October 29th. JPMorgan Chase & Co. raised their price objective on shares of MSCI from $655.00 to $680.00 and gave the company an “overweight” rating in a research report on Wednesday, October 29th. Weiss Ratings upgraded shares of MSCI from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, January 16th. Seaport Research Partners raised shares of MSCI to a “strong-buy” rating in a research note on Wednesday, October 1st. Finally, Evercore ISI lifted their price target on shares of MSCI from $588.00 to $611.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 14th. Seven research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $650.13.

MSCI Profile

MSCI Inc is a global provider of investment decision support tools and services for the financial industry. The company is best known for its family of market indexes, which are widely used as benchmarks by asset managers and as the basis for exchange-traded funds and other passive products. In addition to index construction and licensing, MSCI offers portfolio analytics, risk models, factor and performance attribution tools, and a suite of data and technology solutions designed to support portfolio management and trading.

Beyond traditional indexing and risk analytics, MSCI has expanded into environmental, social and governance (ESG) research and ratings, offering data, scores and screening tools that help investors integrate sustainability considerations into investment processes.