Wrapmanager Inc. Decreases Holdings in MSCI Inc $MSCI

Wrapmanager Inc. trimmed its stake in MSCI Inc (NYSE:MSCI) by 12.0% during the second quarter, Holdings Channel reports. The fund owned 1,126 shares of the technology company’s stock after selling 154 shares during the period. Wrapmanager Inc.’s holdings in MSCI were worth $649,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently modified their holdings of the stock. Meeder Asset Management Inc. raised its holdings in shares of MSCI by 136.4% in the 1st quarter. Meeder Asset Management Inc. now owns 52 shares of the technology company’s stock worth $29,000 after purchasing an additional 30 shares during the period. Steph & Co. bought a new position in MSCI during the second quarter valued at $35,000. Migdal Insurance & Financial Holdings Ltd. increased its position in MSCI by 50.0% in the first quarter. Migdal Insurance & Financial Holdings Ltd. now owns 66 shares of the technology company’s stock worth $37,000 after buying an additional 22 shares during the last quarter. Banque Transatlantique SA increased its position in MSCI by 355.6% in the first quarter. Banque Transatlantique SA now owns 82 shares of the technology company’s stock worth $43,000 after buying an additional 64 shares during the last quarter. Finally, Caitong International Asset Management Co. Ltd raised its stake in shares of MSCI by 2,666.7% in the first quarter. Caitong International Asset Management Co. Ltd now owns 83 shares of the technology company’s stock valued at $47,000 after buying an additional 80 shares during the period. Hedge funds and other institutional investors own 89.97% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the company. Weiss Ratings upgraded MSCI from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, November 7th. JPMorgan Chase & Co. boosted their price objective on MSCI from $655.00 to $680.00 and gave the company an “overweight” rating in a research note on Wednesday, October 29th. UBS Group increased their target price on shares of MSCI from $700.00 to $710.00 and gave the stock a “buy” rating in a research report on Wednesday, October 29th. Evercore ISI lifted their target price on shares of MSCI from $588.00 to $611.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 14th. Finally, Wells Fargo & Company boosted their price target on shares of MSCI from $533.00 to $570.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 29th. One 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. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $655.90.

MSCI Stock Performance

Shares of MSCI opened at $573.33 on Friday. MSCI Inc has a 52-week low of $486.73 and a 52-week high of $642.45. The stock’s 50-day simple moving average is $564.29 and its 200 day simple moving average is $562.76. The stock has a market capitalization of $43.08 billion, a price-to-earnings ratio of 36.33, a price-to-earnings-growth 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 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 firm had revenue of $793.43 million for the quarter, compared to analysts’ expectations of $794.87 million. During the same period in the prior year, the business posted $3.86 earnings per share. The company’s revenue was up 9.5% on a year-over-year basis. On average, research analysts forecast that MSCI Inc will post 16.86 earnings per share for the current fiscal year.

MSCI Dividend Announcement

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

MSCI declared that its board has approved a share repurchase plan on Tuesday, October 28th that permits the company to buyback $3.00 billion in shares. This buyback authorization permits the technology company to repurchase up to 7.1% of its stock through open market purchases. Stock buyback plans are generally a sign that the company’s board of directors believes its shares are undervalued.

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.