IQ EQ FUND MANAGEMENT IRELAND Ltd Has $288,000 Stake in MSCI Inc $MSCI

IQ EQ FUND MANAGEMENT IRELAND Ltd increased its stake in MSCI Inc (NYSE:MSCI) by 10.6% in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 499 shares of the technology company’s stock after purchasing an additional 48 shares during the quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd’s holdings in MSCI were worth $288,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Olde Wealth Management LLC bought a new position in shares of MSCI in the first quarter valued at approximately $27,000. Meeder Asset Management Inc. grew its stake in MSCI by 136.4% in the 1st quarter. Meeder Asset Management Inc. now owns 52 shares of the technology company’s stock valued at $29,000 after buying an additional 30 shares during the last quarter. Steph & Co. bought a new position in MSCI in the 2nd quarter worth $35,000. Migdal Insurance & Financial Holdings Ltd. lifted its position in MSCI by 50.0% during the 1st quarter. Migdal Insurance & Financial Holdings Ltd. now owns 66 shares of the technology company’s stock worth $37,000 after acquiring an additional 22 shares during the last quarter. Finally, Banque Transatlantique SA boosted its holdings in MSCI by 355.6% during the first quarter. Banque Transatlantique SA now owns 82 shares of the technology company’s stock valued at $43,000 after acquiring an additional 64 shares during the period. Institutional investors own 89.97% of the company’s stock.

MSCI Trading Down 4.6%

Shares of NYSE:MSCI opened at $566.70 on Thursday. The firm has a market capitalization of $43.84 billion, a PE ratio of 35.91, a PEG ratio of 2.89 and a beta of 1.33. MSCI Inc has a 1-year low of $486.73 and a 1-year high of $642.45. The business’s 50 day moving average is $561.25 and its 200-day moving average is $559.99.

MSCI (NYSE:MSCI) last issued its earnings results on Tuesday, October 28th. The technology company reported $4.47 EPS for the quarter, topping 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 firm had revenue of $793.43 million during the quarter, compared to analysts’ expectations of $794.87 million. During the same period last year, the business earned $3.86 earnings per share. MSCI’s quarterly revenue was up 9.5% compared to the same quarter last year. On average, sell-side analysts predict that MSCI Inc will post 16.86 EPS for the current year.

MSCI Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 28th. Investors of record on Friday, November 14th will be given a $1.80 dividend. This represents a $7.20 annualized dividend and a yield of 1.3%. The ex-dividend date of this dividend is Friday, November 14th. MSCI’s dividend payout ratio is 47.68%.

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

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the company. Weiss Ratings lowered MSCI from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Saturday, October 25th. UBS Group raised their target price on MSCI from $700.00 to $710.00 and gave the company a “buy” rating in a report on Wednesday. Evercore ISI upped their price target on MSCI from $588.00 to $611.00 and gave the stock an “outperform” rating in a report on Tuesday, October 14th. Raymond James Financial upgraded shares of MSCI from a “market perform” rating to an “outperform” rating and set a $650.00 price objective on the stock in a research note on Friday, July 25th. Finally, Wells Fargo & Company boosted their target price on shares of MSCI from $533.00 to $570.00 and gave the stock an “equal weight” rating in a research report on Wednesday. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $655.90.

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.