Chairman & CEO of MSCI Henry Fernandez Buys More Stock

MSCI Inc. (NYSE:MSCI) shareholders (or potential shareholders) will be happy to see that the Chairman & CEO, Henry Fernandez, recently bought a whopping US$6.7m worth of stock, at a price of US$536. While that only increased their holding size by 0.6%, it is still a big swing by our standards.

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MSCI Insider Transactions Over The Last Year

Notably, that recent purchase by Chairman & CEO Henry Fernandez was not the only time they bought MSCI shares this year. They previously made an even bigger purchase of US$6.7m worth of shares at a price of US$550 per share. That means that an insider was happy to buy shares at above the current price of US$538. Their view may have changed since then, but at least it shows they felt optimistic at the time. We always take careful note of the price insiders pay when purchasing shares. Generally speaking, it catches our eye when an insider has purchased shares at above current prices, as it suggests they believed the shares were worth buying, even at a higher price. Henry Fernandez was the only individual insider to buy during the last year.

Henry Fernandez bought 30.20k shares over the last 12 months at an average price of US$546. The chart below shows insider transactions (by companies and individuals) over the last year. If you want to know exactly who sold, for how much, and when, simply click on the graph below!

View our latest analysis for MSCI

There are always plenty of stocks that insiders are buying. If investing in lesser known companies is your style, you could take a look at this free list of companies. (Hint: insiders have been buying them).

Does MSCI Boast High Insider Ownership?

Many investors like to check how much of a company is owned by insiders. Usually, the higher the insider ownership, the more likely it is that insiders will be incentivised to build the company for the long term. It's great to see that MSCI insiders own 3.4% of the company, worth about US$1.4b. Most shareholders would be happy to see this sort of insider ownership, since it suggests that management incentives are well aligned with other shareholders.

What Might The Insider Transactions At MSCI Tell Us?

The recent insider purchase is heartening. We also take confidence from the longer term picture of insider transactions. Along with the high insider ownership, this analysis suggests that insiders are quite bullish about MSCI. Nice! So these insider transactions can help us build a thesis about the stock, but it's also worthwhile knowing the risks facing this company. To assist with this, we've discovered 1 warning sign that you should run your eye over to get a better picture of MSCI.

Of course MSCI may not be the best stock to buy. So you may wish to see this free collection of high quality companies.

For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions of direct interests only, but not derivative transactions or indirect interests.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.