Hsbc Holdings PLC Decreases Position in MSCI Inc $MSCI

Hsbc Holdings PLC lowered its position in MSCI Inc (NYSE:MSCI) by 16.1% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 254,715 shares of the technology company’s stock after selling 48,834 shares during the period. Hsbc Holdings PLC’s holdings in MSCI were worth $146,504,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Empowered Funds LLC increased its position in MSCI by 7.6% during the first quarter. Empowered Funds LLC now owns 2,003 shares of the technology company’s stock worth $1,133,000 after buying an additional 142 shares in the last quarter. Woodline Partners LP boosted its stake in shares of MSCI by 39.0% during the first quarter. Woodline Partners LP now owns 6,585 shares of the technology company’s stock valued at $3,724,000 after acquiring an additional 1,846 shares during the last quarter. Sivia Capital Partners LLC boosted its stake in shares of MSCI by 20.9% during the second quarter. Sivia Capital Partners LLC now owns 1,052 shares of the technology company’s stock valued at $607,000 after acquiring an additional 182 shares during the last quarter. Treasurer of the State of North Carolina increased its position in MSCI by 1.0% during the 2nd quarter. Treasurer of the State of North Carolina now owns 35,130 shares of the technology company’s stock worth $20,261,000 after purchasing an additional 344 shares in the last quarter. Finally, Osterweis Capital Management Inc. purchased a new stake in MSCI during the 2nd quarter worth about $88,000. Institutional investors and hedge funds own 89.97% of the company’s stock.

Insider Activity at MSCI

In other MSCI news, insider Alvise J. Munari sold 10,000 shares of the firm’s stock in a transaction that occurred on Friday, April 24th. The shares were sold at an average price of $592.04, for a total value of $5,920,400.00. Following the sale, the insider owned 23,548 shares in the company, valued at approximately $13,941,357.92. This trade represents a 29.81% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 3.76% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the stock. Morgan Stanley boosted their price objective on shares of MSCI from $719.00 to $727.00 and gave the company an “overweight” rating in a research report on Wednesday, April 22nd. Wells Fargo & Company upgraded MSCI from an “equal weight” rating to an “overweight” rating and lifted their price target for the company from $650.00 to $700.00 in a report on Wednesday, May 27th. Weiss Ratings cut shares of MSCI from a “buy (b)” rating to a “buy (b-)” rating in a research report on Monday, June 15th. Rothschild & Co Redburn set a $690.00 target price on shares of MSCI in a report on Thursday, June 18th. Finally, UBS Group upped their price target on shares of MSCI from $710.00 to $720.00 and gave the stock a “buy” rating in a research report on Wednesday, April 22nd. One research analyst has rated the stock with a Strong Buy rating and ten have given a Buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of $697.00.

MSCI Stock Down 0.0%

Shares of MSCI stock opened at $603.00 on Friday. The company has a market cap of $43.90 billion, a P/E ratio of 34.44, a PEG ratio of 2.28 and a beta of 1.24. The business has a 50 day moving average of $591.86 and a two-hundred day moving average of $573.75. MSCI Inc has a 52 week low of $501.08 and a 52 week high of $644.68.

MSCI (NYSE:MSCI) last issued its earnings results on Tuesday, April 21st. The technology company reported $4.55 earnings per share for the quarter, topping the consensus estimate of $4.38 by $0.17. The firm had revenue of $850.80 million for the quarter, compared to analyst estimates of $830.91 million. MSCI had a negative return on equity of 65.48% and a net margin of 40.74%.The firm’s revenue for the quarter was up 14.1% on a year-over-year basis. During the same period last year, the company earned $4.00 earnings per share. Analysts expect that MSCI Inc will post 19.62 EPS for the current fiscal year.

MSCI Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, May 29th. Shareholders of record on Friday, May 15th were given a $2.05 dividend. The ex-dividend date was Friday, May 15th. This represents a $8.20 annualized dividend and a yield of 1.4%. MSCI’s dividend payout ratio is 46.83%.

MSCI Profile

MSCI Inc is a global provider of investment decision support tools and services for the financial industry. The company is best known for its family of market indexes, which are widely used as benchmarks by asset managers and as the basis for exchange-traded funds and other passive products. In addition to index construction and licensing, MSCI offers portfolio analytics, risk models, factor and performance attribution tools, and a suite of data and technology solutions designed to support portfolio management and trading.

Beyond traditional indexing and risk analytics, MSCI has expanded into environmental, social and governance (ESG) research and ratings, offering data, scores and screening tools that help investors integrate sustainability considerations into investment processes.