Mediolanum International Funds Ltd Raises Stock Position in MSCI Inc $MSCI

Mediolanum International Funds Ltd lifted its holdings in shares of MSCI Inc (NYSE:MSCIFree Report) by 9.1% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 15,091 shares of the technology company’s stock after purchasing an additional 1,265 shares during the quarter. Mediolanum International Funds Ltd’s holdings in MSCI were worth $8,027,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. PICTET BANK & TRUST Ltd increased its position in shares of MSCI by 116.8% during the fourth quarter. PICTET BANK & TRUST Ltd now owns 5,150 shares of the technology company’s stock worth $2,955,000 after acquiring an additional 2,775 shares during the period. Norges Bank purchased a new position in MSCI in the fourth quarter valued at $528,560,000. SBI Okasan Asset Management Co.Ltd. purchased a new position in MSCI in the fourth quarter valued at $1,406,000. Carolina Wealth Advisors LLC purchased a new position in MSCI in the fourth quarter valued at $1,302,000. Finally, Retail Employees Superannuation Pty Ltd as trustee for Retail Employees Superannuation Trust acquired a new position in MSCI during the 4th quarter worth $13,636,000. Hedge funds and other institutional investors own 89.97% of the company’s stock.

Insider Transactions at MSCI

In other MSCI news, insider Alvise J. Munari sold 10,000 shares of the stock in a transaction that occurred on Friday, April 24th. The shares were sold at an average price of $592.04, for a total value of $5,920,400.00. Following the transaction, the insider directly owned 23,548 shares in the company, valued at $13,941,357.92. This represents a 29.81% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 3.76% of the stock is owned by company insiders.

MSCI Price Performance

Shares of NYSE MSCI opened at $624.14 on Tuesday. The business has a 50-day moving average of $597.67 and a two-hundred day moving average of $577.13. The company has a market capitalization of $45.44 billion, a price-to-earnings ratio of 35.64, a price-to-earnings-growth ratio of 2.27 and a beta of 1.24. MSCI Inc has a 1 year low of $501.08 and a 1 year high of $644.77.

MSCI (NYSE:MSCIGet Free Report) last released its quarterly earnings data on Tuesday, April 21st. The technology company reported $4.55 EPS for the quarter, beating analysts’ consensus estimates of $4.38 by $0.17. MSCI had a negative return on equity of 65.48% and a net margin of 40.74%.The business had revenue of $850.80 million for the quarter, compared to the consensus estimate of $830.91 million. During the same quarter in the prior year, the business posted $4.00 EPS. The business’s revenue for the quarter was up 14.1% on a year-over-year basis. As a group, equities research analysts expect that MSCI Inc will post 19.84 earnings per share for the current year.

Wall Street Analyst Weigh In

Several brokerages have weighed in on MSCI. Morgan Stanley upped their price target on MSCI from $719.00 to $727.00 and gave the stock an “overweight” rating in a report on Wednesday, April 22nd. Weiss Ratings upgraded MSCI from a “buy (b-)” rating to a “buy (b)” rating in a research note on Thursday. Wells Fargo & Company raised MSCI from an “equal weight” rating to an “overweight” rating and boosted their price objective for the stock from $650.00 to $700.00 in a research report on Wednesday, May 27th. Rothschild & Co Redburn set a $690.00 target price on shares of MSCI in a research note on Thursday, June 18th. Finally, UBS Group raised their target price on shares of MSCI from $710.00 to $720.00 and gave the company a “buy” rating in a report on Wednesday, April 22nd. One equities research analyst has rated the stock with a Strong Buy rating and eleven have given a Buy rating to the stock. According to data from MarketBeat, MSCI presently has a consensus rating of “Buy” and a consensus price target of $718.67.

Read Our Latest Stock Report on MSCI

MSCI Company Profile

(Free Report)

MSCI Inc is a global provider of investment decision support tools and services for the financial industry. The company is best known for its family of market indexes, which are widely used as benchmarks by asset managers and as the basis for exchange-traded funds and other passive products. In addition to index construction and licensing, MSCI offers portfolio analytics, risk models, factor and performance attribution tools, and a suite of data and technology solutions designed to support portfolio management and trading.

Beyond traditional indexing and risk analytics, MSCI has expanded into environmental, social and governance (ESG) research and ratings, offering data, scores and screening tools that help investors integrate sustainability considerations into investment processes.

See Also

Institutional Ownership by Quarter for MSCI (NYSE:MSCI)

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