MSCI Inc $MSCI Shares Bought by Northwest & Ethical Investments L.P.

Northwest & Ethical Investments L.P. raised its stake in MSCI Inc (NYSE:MSCI) by 16.7% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 18,524 shares of the technology company’s stock after buying an additional 2,650 shares during the quarter. Northwest & Ethical Investments L.P.’s holdings in MSCI were worth $10,684,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Meeder Asset Management Inc. increased its position in 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 during the last quarter. Steph & Co. acquired a new position in MSCI in the second quarter valued at approximately $35,000. Banque Transatlantique SA lifted its holdings in MSCI by 355.6% in 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. Caitong International Asset Management Co. Ltd increased its stake in 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 worth $47,000 after acquiring an additional 80 shares during the last quarter. Finally, Migdal Insurance & Financial Holdings Ltd. raised its position in MSCI by 47.0% in the second quarter. Migdal Insurance & Financial Holdings Ltd. now owns 97 shares of the technology company’s stock valued at $56,000 after purchasing an additional 31 shares during the period. Institutional investors and hedge funds own 89.97% of the company’s stock.

Analyst Upgrades and Downgrades

MSCI has been the topic of several research analyst reports. UBS Group boosted their price objective on shares of MSCI from $700.00 to $710.00 and gave the company a “buy” rating in a report on Wednesday, October 29th. Seaport Res Ptn upgraded shares of MSCI to a “strong-buy” rating in a research report on Wednesday, October 1st. Barclays upped their price objective on shares of MSCI from $650.00 to $660.00 and gave the stock an “overweight” rating in a report on Wednesday, October 29th. Weiss Ratings reissued a “buy (b-)” rating on shares of MSCI in a research report on Wednesday, November 19th. Finally, Evercore ISI raised their price target on MSCI from $588.00 to $611.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 14th. 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 stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $655.90.

MSCI Price Performance

MSCI opened at $562.67 on Wednesday. The business has a fifty day moving average price of $562.41 and a 200 day moving average price of $563.58. MSCI Inc has a 12 month low of $486.73 and a 12 month high of $642.45. The stock has a market capitalization of $42.28 billion, a price-to-earnings ratio of 35.66, a PEG ratio of 2.76 and a beta of 1.34.

MSCI (NYSE:MSCI) last announced its quarterly earnings data 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 analysts’ expectations of $794.87 million. During the same quarter last year, the business posted $3.86 EPS. The business’s quarterly revenue was up 9.5% compared to the same quarter last year. On average, research analysts anticipate that MSCI Inc will post 16.86 earnings per share for the current year.

MSCI Announces Dividend

The firm also recently announced 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. 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 45.63%.

MSCI declared that its board has initiated a stock buyback 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 shares through open market purchases. Shares buyback programs are generally an indication that the company’s board believes its stock is undervalued.

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.