XTX Topco Ltd Buys 6,391 Shares of MSCI Inc $MSCI

XTX Topco Ltd increased its position in MSCI Inc (NYSE:MSCI) by 1,417.1% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 6,842 shares of the technology company’s stock after buying an additional 6,391 shares during the quarter. XTX Topco Ltd’s holdings in MSCI were worth $3,946,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of the business. Vanguard Group Inc. lifted its position in shares of MSCI by 1.4% in the 2nd quarter. Vanguard Group Inc. now owns 9,508,242 shares of the technology company’s stock worth $5,483,783,000 after purchasing an additional 131,390 shares during the period. Geode Capital Management LLC grew its stake in shares of MSCI by 1.8% in the second quarter. Geode Capital Management LLC now owns 1,993,524 shares of the technology company’s stock worth $1,146,298,000 after acquiring an additional 34,335 shares during the last quarter. American Century Companies Inc. raised its position in shares of MSCI by 2.0% in the 1st quarter. American Century Companies Inc. now owns 1,008,778 shares of the technology company’s stock worth $570,464,000 after purchasing an additional 19,846 shares during the last quarter. Fiera Capital Corp boosted its stake in MSCI by 2.2% in the 2nd quarter. Fiera Capital Corp now owns 969,850 shares of the technology company’s stock worth $559,351,000 after purchasing an additional 20,682 shares in the last quarter. Finally, PineStone Asset Management Inc. boosted its stake in MSCI by 11.9% in the 2nd quarter. PineStone Asset Management Inc. now owns 890,123 shares of the technology company’s stock worth $513,370,000 after purchasing an additional 94,466 shares in the last quarter. Hedge funds and other institutional investors own 89.97% of the company’s stock.

Analyst Ratings Changes

Several brokerages have issued reports on MSCI. Wells Fargo & Company lifted their target price on shares of MSCI from $533.00 to $570.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 29th. Barclays upped their price objective on MSCI from $650.00 to $660.00 and gave the company an “overweight” rating in a research report on Wednesday, October 29th. UBS Group lifted their target price on MSCI from $700.00 to $710.00 and gave the stock a “buy” rating in a report on Wednesday, October 29th. Evercore ISI upped their price target on MSCI from $588.00 to $611.00 and gave the company an “outperform” rating in a report on Tuesday, October 14th. Finally, JPMorgan Chase & Co. lifted their price objective on MSCI from $655.00 to $680.00 and gave the stock an “overweight” rating in a report on Wednesday, October 29th. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, MSCI currently has an average rating of “Moderate Buy” and an average target price of $655.90.

MSCI Price Performance

Shares of NYSE:MSCI opened at $562.67 on Wednesday. The company has a market capitalization of $42.28 billion, a P/E ratio of 35.66, a P/E/G ratio of 2.76 and a beta of 1.34. The firm’s 50 day simple moving average is $562.41 and its two-hundred day simple moving average is $563.58. MSCI Inc has a 1-year low of $486.73 and a 1-year high of $642.45.

MSCI (NYSE:MSCI) last released its quarterly earnings data on Tuesday, October 28th. The technology company reported $4.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.37 by $0.10. The firm had revenue of $793.43 million for the quarter, compared to analysts’ expectations of $794.87 million. MSCI had a net margin of 40.03% and a negative return on equity of 110.94%. The company’s revenue for the quarter was up 9.5% compared to the same quarter last year. During the same quarter last year, the business posted $3.86 earnings per share. On average, sell-side analysts anticipate that MSCI Inc will post 16.86 earnings per share for the current fiscal year.

MSCI declared that its Board of Directors has approved a share buyback program on Tuesday, October 28th that authorizes the company to buyback $3.00 billion in outstanding shares. This buyback authorization authorizes the technology company to repurchase up to 7.1% of its shares through open market purchases. Shares buyback programs are usually an indication that the company’s board believes its stock is undervalued.

MSCI Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 28th. Stockholders of record on Friday, November 14th will be paid a dividend of $1.80 per share. The ex-dividend date of this dividend is Friday, November 14th. This represents a $7.20 dividend on an annualized basis and a dividend yield of 1.3%. MSCI’s dividend payout ratio is currently 45.63%.

MSCI 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.