Dash Acquisitions Inc. Purchases 7,613 Shares of MSCI Inc $MSCI

Dash Acquisitions Inc. grew its position in MSCI Inc (NYSE:MSCI) by 103.6% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 14,958 shares of the technology company’s stock after buying an additional 7,613 shares during the period. MSCI makes up about 1.7% of Dash Acquisitions Inc.’s investment portfolio, making the stock its 18th largest holding. Dash Acquisitions Inc.’s holdings in MSCI were worth $8,490,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Intact Investment Management Inc. increased its position in shares of MSCI by 16.0% during the second quarter. Intact Investment Management Inc. now owns 138 shares of the technology company’s stock valued at $80,000 after acquiring an additional 19 shares in the last quarter. Copperwynd Financial LLC boosted its stake in MSCI by 1.1% during the 2nd quarter. Copperwynd Financial LLC now owns 1,793 shares of the technology company’s stock valued at $1,034,000 after purchasing an additional 20 shares during the last quarter. Empirical Finance LLC increased its holdings in shares of MSCI by 0.7% in the 2nd quarter. Empirical Finance LLC now owns 2,772 shares of the technology company’s stock worth $1,599,000 after purchasing an additional 20 shares in the last quarter. Harbour Investments Inc. raised its stake in shares of MSCI by 8.5% in the second quarter. Harbour Investments Inc. now owns 268 shares of the technology company’s stock worth $155,000 after purchasing an additional 21 shares during the last quarter. Finally, Baker Tilly Wealth Management LLC raised its stake in shares of MSCI by 2.4% in the third quarter. Baker Tilly Wealth Management LLC now owns 980 shares of the technology company’s stock worth $556,000 after purchasing an additional 23 shares during the last quarter. Hedge funds and other institutional investors own 89.97% of the company’s stock.

Insiders Place Their Bets

In related news, CFO Andrew C. Wiechmann sold 450 shares of MSCI stock in a transaction on Thursday, December 11th. The shares were sold at an average price of $550.00, for a total transaction of $247,500.00. Following the transaction, the chief financial officer owned 21,639 shares in the company, valued at approximately $11,901,450. The trade was a 2.04% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Henry A. Fernandez purchased 10,210 shares of the business’s stock in a transaction on Friday, December 5th. The stock was acquired at an average price of $536.13 per share, with a total value of $5,473,887.30. Following the purchase, the chief executive officer directly owned 1,487,047 shares in the company, valued at $797,250,508.11. This represents a 0.69% increase in their position. The SEC filing for this purchase provides additional information. Company insiders own 3.31% of the company’s stock.

MSCI Stock Performance

Shares of MSCI stock opened at $589.11 on Friday. The stock has a market cap of $44.27 billion, a P/E ratio of 37.33, a P/E/G ratio of 2.53 and a beta of 1.30. The stock’s fifty day moving average is $568.99 and its 200 day moving average is $565.30. MSCI Inc has a one year low of $486.73 and a one year high of $634.99.

MSCI (NYSE:MSCI) last issued its quarterly earnings results on Tuesday, October 28th. The technology company reported $4.47 EPS for the quarter, topping analysts’ consensus estimates 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 analysts’ expectations of $794.87 million. During the same quarter in the prior year, the business posted $3.86 earnings per share. The business’s quarterly revenue was up 9.5% on a year-over-year basis. Analysts predict that MSCI Inc will post 16.86 EPS for the current year.

MSCI declared that its board has approved a share buyback program on Tuesday, October 28th that allows the company to repurchase $3.00 billion in outstanding shares. This repurchase authorization allows the technology company to repurchase up to 7.1% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company’s management believes its shares are undervalued.

MSCI Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, November 28th. Shareholders of record on Friday, November 14th were paid a dividend of $1.80 per share. The ex-dividend date was Friday, November 14th. This represents a $7.20 dividend on an annualized basis and a yield of 1.2%. MSCI’s dividend payout ratio (DPR) is presently 45.63%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the company. Evercore ISI increased their price objective on MSCI from $588.00 to $611.00 and gave the company an “outperform” rating in a research report on Tuesday, October 14th. JPMorgan Chase & Co. upped their target price on shares of MSCI from $655.00 to $680.00 and gave the company an “overweight” rating in a research note on Wednesday, October 29th. Barclays lifted their price target on shares of MSCI from $650.00 to $660.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 29th. UBS Group increased their price objective on shares of MSCI from $700.00 to $710.00 and gave the company a “buy” rating in a research report on Wednesday, October 29th. Finally, Seaport Research Partners raised shares of MSCI to a “strong-buy” rating in a research report on Wednesday, October 1st. Seven investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $650.13.

MSCI Company 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.