Machina Capital S.A.S. Has $3.12 Million Stock Position in MSCI Inc $MSCI

Machina Capital S.A.S. lifted its position in MSCI Inc (NYSE:MSCI) by 48.7% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 5,402 shares of the technology company’s stock after buying an additional 1,769 shares during the quarter. Machina Capital S.A.S.’s holdings in MSCI were worth $3,116,000 as of its most recent filing with the Securities and Exchange Commission.

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

Analyst Ratings Changes

A number of brokerages have recently issued reports on MSCI. Evercore ISI increased their price objective on shares of MSCI from $588.00 to $611.00 and gave the company an “outperform” rating in a research note on Tuesday, October 14th. Barclays increased their price objective on shares of MSCI from $650.00 to $660.00 and gave the company an “overweight” rating in a research note on Wednesday. JPMorgan Chase & Co. increased their price objective on shares of MSCI from $655.00 to $680.00 and gave the company an “overweight” rating in a research note on Wednesday, October 29th. UBS Group upped their target price on shares of MSCI from $700.00 to $710.00 and gave the stock a “buy” rating in a report on Wednesday. Finally, Weiss Ratings lowered shares of MSCI from a “buy (b-)” rating to a “hold (c+)” rating in a report on Saturday, October 25th. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat.com, MSCI has an average rating of “Moderate Buy” and a consensus price target of $655.90.

MSCI Trading Up 0.9%

Shares of NYSE MSCI opened at $588.17 on Monday. The firm has a market capitalization of $45.50 billion, a PE ratio of 37.27, a price-to-earnings-growth ratio of 2.76 and a beta of 1.33. MSCI Inc has a 1 year low of $486.73 and a 1 year high of $642.45. The firm’s 50-day moving average is $561.84 and its 200-day moving average is $560.55.

MSCI (NYSE:MSCI) last issued its earnings results 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. The company had revenue of $793.43 million for the quarter, compared to analyst estimates of $794.87 million. MSCI had a net margin of 40.03% and a negative return on equity of 110.94%. The company’s revenue for the quarter was up 9.5% on a year-over-year basis. During the same quarter last year, the firm earned $3.86 EPS. As a group, equities research analysts anticipate that MSCI Inc will post 16.86 earnings per share for the current fiscal year.

MSCI Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, November 28th. Investors of record on Friday, November 14th will be given a $1.80 dividend. This represents a $7.20 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date is Friday, November 14th. MSCI’s dividend payout ratio (DPR) is currently 45.63%.

MSCI announced that its Board of Directors has authorized a share 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 stock through open market purchases. Stock repurchase plans are generally a sign that the company’s board of directors believes its stock is undervalued.

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.