Atria Wealth Solutions Inc. Sells 20 Shares of MSCI Inc. (NYSE:MSCI)

Atria Wealth Solutions Inc. trimmed its position in MSCI Inc. (NYSE:MSCI) by 2.1% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 952 shares of the technology company’s stock after selling 20 shares during the period. Atria Wealth Solutions Inc.’s holdings in MSCI were worth $571,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the company. LRI Investments LLC raised its stake in MSCI by 120.0% in the third quarter. LRI Investments LLC now owns 44 shares of the technology company’s stock valued at $27,000 after purchasing an additional 24 shares in 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 purchased a new stake in shares of MSCI during the 3rd quarter valued at $40,000. Compagnie Lombard Odier SCmA bought a new stake in shares of MSCI during the 4th quarter worth $41,000. Finally, Planning Capital Management Corp grew its position in MSCI by 35.1% in the third quarter. Planning Capital Management Corp now owns 77 shares of the technology company’s stock worth $45,000 after acquiring an additional 20 shares in the last quarter. 89.97% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages have issued reports on MSCI. Royal Bank of Canada reaffirmed an “outperform” rating and set a $675.00 price target on shares of MSCI in a research note on Thursday, January 30th. The Goldman Sachs Group upgraded MSCI from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $617.00 to $723.00 in a research report on Wednesday, December 18th. UBS Group reduced their price target on shares of MSCI from $695.00 to $680.00 and set a “buy” rating on the stock in a research report on Wednesday, October 30th. Morgan Stanley boosted their price objective on shares of MSCI from $662.00 to $695.00 and gave the stock an “overweight” rating in a report on Thursday, December 12th. Finally, Wolfe Research raised shares of MSCI from a “peer perform” rating to an “outperform” rating in a report on Thursday, December 12th. Three analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, MSCI presently has a consensus rating of “Moderate Buy” and an average price target of $649.23.

MSCI Trading Down 0.9 %

MSCI stock opened at $579.16 on Thursday. The firm has a market cap of $44.97 billion, a P/E ratio of 41.19, a P/E/G ratio of 2.61 and a beta of 1.11. MSCI Inc. has a 1-year low of $439.95 and a 1-year high of $642.45. The firm has a 50-day moving average of $594.42 and a 200-day moving average of $588.98.

MSCI (NYSE:MSCI) last released its quarterly earnings data on Wednesday, January 29th. The technology company reported $4.18 earnings per share for the quarter, topping the consensus estimate of $3.96 by $0.22. MSCI had a negative return on equity of 156.08% and a net margin of 38.83%. During the same period in the previous year, the company posted $3.68 earnings per share. Research analysts forecast that MSCI Inc. will post 16.86 earnings per share for the current fiscal year.

MSCI Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 28th. Shareholders of record on Friday, February 14th will be given a dividend of $1.80 per share. This is an increase from MSCI’s previous quarterly dividend of $1.60. This represents a $7.20 dividend on an annualized basis and a yield of 1.24%. The ex-dividend date of this dividend is Friday, February 14th. MSCI’s payout ratio is presently 51.21%.

Insiders Place Their Bets

In other news, CEO Henry A. Fernandez acquired 5,300 shares of the business’s stock in a transaction on Monday, February 24th. The shares were acquired at an average cost of $574.51 per share, with a total value of $3,044,903.00. Following the transaction, the chief executive officer now owns 1,269,951 shares in the company, valued at $729,599,549.01. The trade was a 0.42 % increase in their position. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 3.20% of the company’s stock.

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.