Kornitzer Capital Management Inc. KS Lowers Position in MSCI Inc $MSCI

Kornitzer Capital Management Inc. KS cut its stake in shares of MSCI Inc (NYSE:MSCI) by 5.7% during the 1st quarter, Holdings Channel.com reports. The fund owned 36,723 shares of the technology company’s stock after selling 2,224 shares during the period. Kornitzer Capital Management Inc. KS’s holdings in MSCI were worth $19,794,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in MSCI. State Street Corp boosted its stake in shares of MSCI by 1.2% in the 3rd quarter. State Street Corp now owns 3,320,761 shares of the technology company’s stock worth $1,884,233,000 after buying an additional 39,450 shares during the last quarter. Bamco Inc. NY boosted its position in MSCI by 15.1% in the fourth quarter. Bamco Inc. NY now owns 2,755,747 shares of the technology company’s stock worth $1,581,055,000 after purchasing an additional 361,630 shares during the last quarter. Morgan Stanley boosted its position in MSCI by 2.2% in the fourth quarter. Morgan Stanley now owns 2,467,556 shares of the technology company’s stock worth $1,415,713,000 after purchasing an additional 52,242 shares during the last quarter. T. Rowe Price Investment Management Inc. grew its stake in MSCI by 13.2% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 1,446,291 shares of the technology company’s stock valued at $829,781,000 after purchasing an additional 168,405 shares during the period. Finally, PineStone Asset Management Inc. increased its position in shares of MSCI by 4.1% during the 4th quarter. PineStone Asset Management Inc. now owns 1,000,942 shares of the technology company’s stock valued at $574,270,000 after purchasing an additional 39,099 shares during the last quarter. Institutional investors own 89.97% of the company’s stock.

Insider Transactions at MSCI

In other MSCI news, insider Alvise J. Munari sold 10,000 shares of the firm’s stock in a transaction dated Friday, April 24th. The stock was sold at an average price of $592.04, for a total value of $5,920,400.00. Following the completion of the transaction, the insider owned 23,548 shares in the company, valued at $13,941,357.92. This trade represents a 29.81% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 3.76% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently weighed in on MSCI shares. Rothschild & Co Redburn set a $690.00 price target on shares of MSCI in a report on Thursday, June 18th. Bank of America boosted their target price on shares of MSCI from $715.00 to $730.00 and gave the company a “buy” rating in a research note on Friday. Raymond James Financial raised their price target on shares of MSCI from $730.00 to $760.00 and gave the stock a “strong-buy” rating in a research note on Wednesday. Wells Fargo & Company upgraded MSCI from an “equal weight” rating to an “overweight” rating and upped their price objective for the company from $650.00 to $700.00 in a research note on Wednesday, May 27th. Finally, Morgan Stanley raised their target price on MSCI from $719.00 to $727.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 22nd. One analyst has rated the stock with a Strong Buy rating and ten have issued a Buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Buy” and an average target price of $709.27.

MSCI Price Performance

Shares of MSCI traded up $0.08 during trading hours on Friday, hitting $603.43. The company’s stock had a trading volume of 267,745 shares, compared to its average volume of 683,532. The business has a 50 day simple moving average of $593.04 and a two-hundred day simple moving average of $575.41. MSCI Inc has a 52-week low of $501.08 and a 52-week high of $644.68. The company has a market cap of $43.93 billion, a price-to-earnings ratio of 34.46, a PEG ratio of 2.26 and a beta of 1.24.

MSCI (NYSE:MSCI) last announced its quarterly earnings results on Tuesday, April 21st. The technology company reported $4.55 EPS for the quarter, beating analysts’ consensus estimates of $4.38 by $0.17. MSCI had a net margin of 40.74% and a negative return on equity of 65.48%. The company had revenue of $850.80 million for the quarter, compared to analysts’ expectations of $830.91 million. During the same period in the prior year, the company posted $4.00 EPS. MSCI’s revenue was up 14.1% compared to the same quarter last year. Research analysts predict that MSCI Inc will post 19.74 earnings per share for the current year.

MSCI Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 29th. Investors of record on Friday, May 15th were paid a dividend of $2.05 per share. This represents a $8.20 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date was Friday, May 15th. MSCI’s payout ratio is presently 46.83%.

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.