Vise Technologies Inc. Makes New Investment in MSCI Inc $MSCI

Vise Technologies Inc. bought a new stake in shares of MSCI Inc (NYSE:MSCI) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 1,060 shares of the technology company’s stock, valued at approximately $611,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Meeder Asset Management Inc. increased its stake in shares of MSCI by 136.4% during the first quarter. Meeder Asset Management Inc. now owns 52 shares of the technology company’s stock worth $29,000 after purchasing an additional 30 shares in the last quarter. Steph & Co. acquired a new stake in MSCI in the 2nd quarter worth about $35,000. Migdal Insurance & Financial Holdings Ltd. increased its stake 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 buying an additional 22 shares in the last quarter. Banque Transatlantique SA raised its holdings in shares of 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 last quarter. Finally, Caitong International Asset Management Co. Ltd raised its holdings in shares of MSCI by 2,666.7% during the first quarter. Caitong International Asset Management Co. Ltd now owns 83 shares of the technology company’s stock valued at $47,000 after acquiring an additional 80 shares during the last quarter. Institutional investors and hedge funds own 89.97% of the company’s stock.

MSCI Price Performance

NYSE:MSCI opened at $564.71 on Friday. The company’s 50-day moving average is $564.47 and its two-hundred day moving average is $562.96. MSCI Inc has a 1-year low of $486.73 and a 1-year high of $642.45. The firm has a market capitalization of $42.43 billion, a price-to-earnings ratio of 35.79, a PEG 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, topping analysts’ consensus estimates of $4.37 by $0.10. The business had revenue of $793.43 million during the quarter, compared to the consensus estimate of $794.87 million. MSCI had a net margin of 40.03% and a negative return on equity of 110.94%. The business’s revenue was up 9.5% compared to the same quarter last year. During the same quarter last year, the firm earned $3.86 EPS. As a group, equities analysts anticipate that MSCI Inc will post 16.86 earnings per share for the current fiscal year.

MSCI Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 28th. Shareholders of record on Friday, November 14th will be given 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 1.3%. MSCI’s payout ratio is currently 45.63%.

MSCI declared that its board has authorized 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 purchase up to 7.1% of its stock through open market purchases. Stock buyback programs are often an indication that the company’s management believes its stock is undervalued.

Analyst Ratings Changes

MSCI has been the topic of a number of research analyst reports. Evercore ISI lifted their price target on MSCI from $588.00 to $611.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 14th. Raymond James Financial raised shares of MSCI from a “market perform” rating to an “outperform” rating and set a $650.00 target price on the stock in a research note on Friday, July 25th. Barclays increased their target price on shares of MSCI from $650.00 to $660.00 and gave the company an “overweight” rating in a research report on Wednesday, October 29th. UBS Group boosted their price target 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. Finally, Wells Fargo & Company upped their price objective on shares of MSCI from $533.00 to $570.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 29th. One 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 stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $655.90.

About MSCI

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.