GFI Investment Counsel Ltd. Invests $16,377,000 in MSCI Inc (MSCI)

GFI Investment Counsel Ltd. bought a new position in MSCI Inc (NYSE:MSCI) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 207,868 shares of the company’s stock, valued at approximately $16,377,000. MSCI accounts for approximately 11.4% of GFI Investment Counsel Ltd.’s portfolio, making the stock its 2nd largest position. GFI Investment Counsel Ltd. owned approximately 0.22% of MSCI as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in MSCI. Van ECK Associates Corp acquired a new position in MSCI during the fourth quarter valued at about $110,000. Copper Rock Capital Partners LLC acquired a new position in MSCI during the third quarter valued at about $199,000. CIBC World Markets Inc. acquired a new position in MSCI during the third quarter valued at about $222,000. Cavalier Investments LLC boosted its position in MSCI by 3.2% in the fourth quarter. Cavalier Investments LLC now owns 2,842 shares of the company’s stock valued at $224,000 after buying an additional 88 shares during the period. Finally, Weiss Asset Management LP acquired a new position in MSCI during the third quarter valued at about $233,000. Institutional investors own 99.15% of the company’s stock.

Institutional Ownership by Quarter for MSCI (NYSE:MSCI)

Shares of MSCI Inc (NYSE:MSCI) traded up 1.72% during mid-day trading on Monday, reaching $92.79. The company’s stock had a trading volume of 637,085 shares. The firm has a market cap of $8.47 billion, a P/E ratio of 34.37 and a beta of 1.01. MSCI Inc has a 12-month low of $65.54 and a 12-month high of $94.80. The firm’s 50-day moving average price is $83.98 and its 200 day moving average price is $83.45.

MSCI (NYSE:MSCI) last released its earnings results on Thursday, February 2nd. The company reported $0.81 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.75 by $0.06. The company earned $292.81 million during the quarter, compared to the consensus estimate of $291 million. MSCI had a net margin of 22.67% and a return on equity of 51.47%. The company’s revenue was up 7.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.66 EPS. On average, analysts expect that MSCI Inc will post $3.55 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 15th. Investors of record on Friday, February 17th will be given a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a dividend yield of 1.21%. The ex-dividend date is Wednesday, February 15th. MSCI’s dividend payout ratio is presently 41.48%.

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Several equities research analysts recently weighed in on the company. Zacks Investment Research upgraded MSCI from a “hold” rating to a “buy” rating and set a $103.00 price target on the stock in a research report on Tuesday, February 7th. Credit Suisse Group restated an “outperform” rating and set a $94.00 price target on shares of MSCI in a research report on Wednesday, December 7th. Finally, Evercore ISI reaffirmed a “sell” rating on shares of MSCI in a report on Thursday, October 27th. One research analyst has rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $87.20.

In related news, COO Cd Baer Pettit sold 2,083 shares of the business’s stock in a transaction dated Monday, January 9th. The shares were sold at an average price of $83.12, for a total transaction of $173,138.96. Following the completion of the sale, the chief operating officer now owns 194,256 shares of the company’s stock, valued at approximately $16,146,558.72. The sale was disclosed in a legal filing with the SEC, which is available through this link. In the last ninety days, insiders have sold 6,249 shares of company stock valued at $530,519. Insiders own 2.07% of the company’s stock.

About MSCI

MSCI Inc (MSCI), together with its subsidiaries, offers content, applications and services to support the needs of institutional investors throughout their investment processes. The Company’s operating segment includes Index, Analytics and All Other segment. All Other segment comprises ESG and Real Estate segments.

5 Day Chart for NYSE:MSCI

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