Cat Rock Capital Management LP Acquires 2,695 Shares of MSCI Inc $MSCI

Cat Rock Capital Management LP raised its holdings in shares of MSCI Inc (NYSE:MSCI) by 5.7% in the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 50,341 shares of the technology company’s stock after acquiring an additional 2,695 shares during the period. MSCI makes up 3.5% of Cat Rock Capital Management LP’s holdings, making the stock its 13th largest position. Cat Rock Capital Management LP owned 0.07% of MSCI worth $28,564,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in the stock. Pinnacle Bancorp Inc. acquired a new stake in shares of MSCI during the third quarter worth $27,000. Root Financial Partners LLC acquired a new position in shares of MSCI during the 3rd quarter worth about $28,000. Strategic Wealth Investment Group LLC bought a new stake in shares of MSCI in the 2nd quarter valued at about $36,000. Westside Investment Management Inc. raised its position in shares of MSCI by 100.0% in the 3rd quarter. Westside Investment Management Inc. now owns 68 shares of the technology company’s stock valued at $38,000 after acquiring an additional 34 shares during the period. Finally, Eastern Bank bought a new position in MSCI during the 3rd quarter worth approximately $50,000. Institutional investors and hedge funds own 89.97% of the company’s stock.

MSCI Price Performance

Shares of NYSE:MSCI opened at $547.34 on Friday. The stock has a market capitalization of $40.22 billion, a PE ratio of 34.88, a price-to-earnings-growth ratio of 2.24 and a beta of 1.29. The company’s 50-day moving average price is $568.60 and its two-hundred day moving average price is $564.80. MSCI Inc has a one year low of $486.73 and a one year high of $626.28.

MSCI (NYSE:MSCI) last released its earnings results on Wednesday, January 28th. The technology company reported $4.66 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.62 by $0.04. The business had revenue of $822.53 million for the quarter, compared to analyst estimates of $819.51 million. MSCI had a negative return on equity of 82.59% and a net margin of 38.36%.MSCI’s revenue was up 10.6% on a year-over-year basis. During the same quarter in the prior year, the company posted $4.18 earnings per share. On average, analysts anticipate that MSCI Inc will post 16.86 earnings per share for the current fiscal year.

MSCI Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, February 27th. Shareholders of record on Friday, February 13th were paid a $2.05 dividend. This is an increase from MSCI’s previous quarterly dividend of $1.80. This represents a $8.20 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date was Friday, February 13th. MSCI’s dividend payout ratio is 52.26%.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on MSCI shares. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $715.00 target price on shares of MSCI in a report on Thursday, January 29th. UBS Group set a $638.00 target price on MSCI in a research note on Wednesday, January 28th. Raymond James Financial reiterated an “outperform” rating and issued a $690.00 price objective on shares of MSCI in a research report on Monday, January 12th. Wells Fargo & Company increased their price objective on shares of MSCI from $590.00 to $618.00 and gave the stock an “equal weight” rating in a research report on Thursday, January 29th. Finally, Weiss Ratings lowered shares of MSCI from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday. Eight equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $671.78.

Insider Buying and Selling at MSCI

In other news, CEO Henry A. Fernandez bought 6,000 shares of the business’s stock in a transaction that occurred on Friday, February 13th. The stock was acquired at an average cost of $524.18 per share, for a total transaction of $3,145,080.00. Following the purchase, the chief executive officer owned 1,493,047 shares of the company’s stock, valued at approximately $782,625,376.46. This trade represents a 0.40% increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. 3.31% of the stock is owned by corporate insiders.

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.