Vanguard Group Inc. Has $5.48 Billion Holdings in MSCI Inc $MSCI

Vanguard Group Inc. lifted its stake in MSCI Inc (NYSE:MSCI) by 1.4% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 9,508,242 shares of the technology company’s stock after buying an additional 131,390 shares during the period. Vanguard Group Inc. owned about 12.29% of MSCI worth $5,483,783,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. waypoint wealth counsel acquired a new stake in MSCI during the second quarter valued at approximately $355,000. Mirae Asset Global Investments Co. Ltd. increased its stake in shares of MSCI by 10.0% in the second quarter. Mirae Asset Global Investments Co. Ltd. now owns 8,882 shares of the technology company’s stock valued at $5,123,000 after buying an additional 809 shares in the last quarter. Crestwood Advisors Group LLC raised its stake in shares of MSCI by 6.5% in the first quarter. Crestwood Advisors Group LLC now owns 524 shares of the technology company’s stock worth $296,000 after acquiring an additional 32 shares during the last quarter. Ascent Group LLC bought a new position in MSCI in the 1st quarter worth approximately $288,000. Finally, Callan Family Office LLC raised its position in shares of MSCI by 92.9% during the second quarter. Callan Family Office LLC now owns 3,627 shares of the technology company’s stock worth $2,092,000 after acquiring an additional 1,747 shares during the last quarter. 89.97% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

MSCI has been the topic of several analyst reports. Seaport Res Ptn upgraded shares of MSCI to a “strong-buy” rating in a report on Wednesday, October 1st. UBS Group boosted their price objective on MSCI from $700.00 to $710.00 and gave the company a “buy” rating in a research report on Wednesday, October 29th. Evercore ISI lifted their price target on MSCI from $588.00 to $611.00 and gave the company an “outperform” rating in a research note on Tuesday, October 14th. JPMorgan Chase & Co. raised their price target on shares of MSCI from $655.00 to $680.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 29th. Finally, Barclays upped their target price on MSCI from $650.00 to $660.00 and gave the stock an “overweight” rating in a 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 stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $655.90.

MSCI Trading Down 0.2%

NYSE:MSCI opened at $556.74 on Wednesday. The stock has a 50 day simple moving average of $563.87 and a 200 day simple moving average of $563.32. The stock has a market cap of $41.83 billion, a P/E ratio of 35.28, a PEG ratio of 2.76 and a beta of 1.34. MSCI Inc has a 1-year low of $486.73 and a 1-year high of $642.45.

MSCI (NYSE:MSCI) last released its quarterly earnings results on Tuesday, October 28th. The technology company reported $4.47 EPS for the quarter, beating the consensus estimate of $4.37 by $0.10. MSCI had a net margin of 40.03% and a negative return on equity of 110.94%. The business had revenue of $793.43 million for the quarter, compared to the consensus estimate of $794.87 million. During the same period in the prior year, the company posted $3.86 earnings per share. MSCI’s revenue was up 9.5% compared to the same quarter last year. As a group, sell-side analysts forecast that MSCI Inc will post 16.86 EPS for the current year.

MSCI Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, November 28th. Stockholders of record on Friday, November 14th will be issued a dividend of $1.80 per share. This represents a $7.20 annualized dividend and a dividend 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 approved a stock repurchase plan on Tuesday, October 28th that permits the company to repurchase $3.00 billion in outstanding shares. This repurchase authorization permits the technology company to purchase up to 7.1% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company’s leadership 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.