Lincoln National Corp Purchases Shares of 1,406 MSCI (MSCI)

Lincoln National Corp purchased a new position in MSCI (NYSE:MSCI) in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 1,406 shares of the technology company’s stock, valued at approximately $210,000.

A number of other hedge funds also recently added to or reduced their stakes in MSCI. BlackRock Inc. grew its stake in MSCI by 5.4% in the 4th quarter. BlackRock Inc. now owns 8,900,049 shares of the technology company’s stock worth $1,126,212,000 after buying an additional 456,004 shares in the last quarter. Renaissance Technologies LLC grew its stake in MSCI by 72.3% in the 4th quarter. Renaissance Technologies LLC now owns 748,115 shares of the technology company’s stock worth $94,666,000 after buying an additional 313,894 shares in the last quarter. Goldman Sachs Group Inc. grew its stake in MSCI by 26.4% in the 4th quarter. Goldman Sachs Group Inc. now owns 1,321,578 shares of the technology company’s stock worth $167,233,000 after buying an additional 276,026 shares in the last quarter. Millennium Management LLC grew its stake in MSCI by 34.0% in the 4th quarter. Millennium Management LLC now owns 732,450 shares of the technology company’s stock worth $92,684,000 after buying an additional 185,742 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA purchased a new position in MSCI in the 1st quarter worth approximately $19,401,000. 92.27% of the stock is owned by institutional investors and hedge funds.

In other news, insider Richard J. Napolitano sold 3,362 shares of the business’s stock in a transaction that occurred on Monday, May 7th. The shares were sold at an average price of $154.75, for a total value of $520,269.50. Following the completion of the sale, the insider now directly owns 12,612 shares in the company, valued at approximately $1,951,707. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 2.26% of the company’s stock.

Shares of MSCI opened at $159.34 on Friday. The company has a market capitalization of $14.17 billion, a PE ratio of 36.08, a price-to-earnings-growth ratio of 2.99 and a beta of 0.84. The company has a debt-to-equity ratio of 4.93, a current ratio of 2.06 and a quick ratio of 2.06. MSCI has a fifty-two week low of $99.82 and a fifty-two week high of $162.29.

MSCI (NYSE:MSCI) last announced its quarterly earnings data on Thursday, May 3rd. The technology company reported $1.31 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.26 by $0.05. The firm had revenue of $351.32 million during the quarter, compared to analyst estimates of $349.01 million. MSCI had a net margin of 26.14% and a return on equity of 109.18%. The business’s quarterly revenue was up 16.6% on a year-over-year basis. During the same period in the previous year, the business posted $0.88 EPS. equities research analysts expect that MSCI will post 5.32 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 31st. Stockholders of record on Friday, May 18th will be issued a $0.38 dividend. The ex-dividend date is Thursday, May 17th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 0.95%. MSCI’s payout ratio is 38.19%.

MSCI has been the subject of a number of research reports. Cantor Fitzgerald boosted their price target on shares of MSCI to $163.00 and gave the stock an “overweight” rating in a research note on Friday, February 2nd. UBS reissued a “buy” rating and issued a $177.00 price target (down previously from $180.00) on shares of MSCI in a research note on Friday, March 2nd. Zacks Investment Research cut shares of MSCI from a “strong-buy” rating to a “hold” rating in a research note on Thursday, April 5th. Morgan Stanley boosted their price target on shares of MSCI from $135.00 to $146.00 and gave the stock an “equal weight” rating in a research note on Wednesday, January 31st. Finally, Barclays reissued a “hold” rating and issued a $150.00 price target on shares of MSCI in a research note on Friday, February 2nd. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. MSCI has a consensus rating of “Buy” and a consensus price target of $155.67.

About MSCI

MSCI Inc, together with its subsidiaries, provides investment decision support tools for the clients to manage their investment processes worldwide. The company operates through four segments: Index, Analytics, ESG, and Real Estate. The Index segment primarily provides equity indexes for use in various areas of the investment process, including index-linked product creation and performance benchmarking, as well as portfolio construction and rebalancing, and asset allocation.

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Institutional Ownership by Quarter for MSCI (NYSE:MSCI)

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