MSCI Inc $MSCI Shares Sold by MV Capital Management Inc.

MV Capital Management Inc. cut its stake in MSCI Inc (NYSE:MSCI) by 2.3% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,265 shares of the technology company’s stock after selling 101 shares during the period. MV Capital Management Inc.’s holdings in MSCI were worth $2,460,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its stake in MSCI by 5.9% during the 1st quarter. Vanguard Group Inc. now owns 9,376,852 shares of the technology company’s stock valued at $5,302,610,000 after purchasing an additional 518,833 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of MSCI by 1.8% in the 2nd quarter. Geode Capital Management LLC now owns 1,993,524 shares of the technology company’s stock worth $1,146,298,000 after buying an additional 34,335 shares in the last quarter. American Century Companies Inc. lifted its holdings in shares of MSCI by 2.0% in the first quarter. American Century Companies Inc. now owns 1,008,778 shares of the technology company’s stock valued at $570,464,000 after buying an additional 19,846 shares during the period. PineStone Asset Management Inc. lifted its holdings in shares of MSCI by 11.9% in the second quarter. PineStone Asset Management Inc. now owns 890,123 shares of the technology company’s stock valued at $513,370,000 after buying an additional 94,466 shares during the period. Finally, Northern Trust Corp grew its holdings in MSCI by 2.6% during the first quarter. Northern Trust Corp now owns 804,640 shares of the technology company’s stock worth $455,024,000 after acquiring an additional 20,150 shares during the period. Institutional investors own 89.97% of the company’s stock.

MSCI Trading Down 0.7%

Shares of NYSE:MSCI opened at $580.36 on Thursday. The business has a fifty day simple moving average of $563.94 and a 200 day simple moving average of $562.69. MSCI Inc has a 1 year low of $486.73 and a 1 year high of $642.45. The firm has a market cap of $43.61 billion, a price-to-earnings ratio of 36.78, a P/E/G ratio of 2.76 and a beta of 1.34.

MSCI (NYSE:MSCI) last announced its quarterly earnings results 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. MSCI had a negative return on equity of 110.94% and a net margin of 40.03%.The business had revenue of $793.43 million during the quarter, compared to analyst estimates of $794.87 million. During the same period in the previous year, the company earned $3.86 EPS. The firm’s revenue was up 9.5% on a year-over-year basis. On average, sell-side analysts forecast that MSCI Inc will post 16.86 EPS for the current year.

MSCI declared that its board has authorized a stock buyback plan 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 stock through open market purchases. Stock buyback plans are usually an indication that the company’s board of directors believes its shares are undervalued.

MSCI Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 28th. Investors of record on Friday, November 14th will be issued a $1.80 dividend. The ex-dividend date is Friday, November 14th. This represents a $7.20 dividend on an annualized basis and a yield of 1.2%. MSCI’s dividend payout ratio is currently 45.63%.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on MSCI. Raymond James Financial raised shares of MSCI from a “market perform” rating to an “outperform” rating and set a $650.00 price target for the company in a report on Friday, July 25th. Seaport Res Ptn raised shares of MSCI to a “strong-buy” rating in a research note on Wednesday, October 1st. Weiss Ratings raised MSCI from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, November 7th. Evercore ISI increased their price objective on MSCI from $588.00 to $611.00 and gave the company an “outperform” rating in a research report on Tuesday, October 14th. Finally, JPMorgan Chase & Co. lifted their target price on MSCI from $655.00 to $680.00 and gave the stock an “overweight” rating in a report on Wednesday, October 29th. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $655.90.

MSCI Company 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.