Nvwm LLC Boosts Stock Position in MSCI Inc $MSCI

Nvwm LLC grew its stake in MSCI Inc (NYSE:MSCI) by 35.9% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,409 shares of the technology company’s stock after purchasing an additional 637 shares during the period. Nvwm LLC’s holdings in MSCI were worth $1,389,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Meeder Asset Management Inc. boosted its holdings in shares of MSCI by 136.4% in the first quarter. Meeder Asset Management Inc. now owns 52 shares of the technology company’s stock valued at $29,000 after acquiring an additional 30 shares in the last quarter. Steph & Co. acquired a new position in MSCI during the 2nd quarter worth approximately $35,000. Migdal Insurance & Financial Holdings Ltd. raised its stake in shares of 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 boosted its stake in shares of 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 buying an additional 64 shares in the last quarter. Finally, Caitong International Asset Management Co. Ltd grew its holdings 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 period. 89.97% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on MSCI shares. Evercore ISI upped their price target on shares of MSCI from $588.00 to $611.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 14th. JPMorgan Chase & Co. lifted their price target on shares of MSCI from $655.00 to $680.00 and gave the company an “overweight” rating in a research report on Wednesday, October 29th. UBS Group upped their price target on MSCI from $700.00 to $710.00 and gave the stock a “buy” rating in a report on Wednesday, October 29th. Raymond James Financial raised MSCI from a “market perform” rating to an “outperform” rating and set a $650.00 price objective for the company in a report on Friday, July 25th. Finally, Barclays lifted their price target on MSCI from $650.00 to $660.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 29th. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat, MSCI has an average rating of “Moderate Buy” and a consensus price target of $655.90.

MSCI Stock Up 1.4%

MSCI opened at $580.06 on Friday. The firm has a market cap of $43.59 billion, a P/E ratio of 36.76, a PEG ratio of 2.76 and a beta of 1.34. The business’s fifty day simple moving average is $562.25 and its 200 day simple moving average is $561.19. MSCI Inc has a 52 week low of $486.73 and a 52 week high of $642.45.

MSCI (NYSE:MSCI) last released its earnings results on Tuesday, October 28th. The technology company reported $4.47 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 firm’s quarterly revenue was up 9.5% on a year-over-year basis. During the same period in the prior year, the firm earned $3.86 EPS. As a group, equities analysts expect that MSCI Inc will post 16.86 EPS for the current fiscal year.

MSCI Announces Dividend

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

MSCI announced that its Board of Directors has approved a share buyback plan on Tuesday, October 28th that allows the company to repurchase $3.00 billion in shares. This repurchase authorization allows the technology company to buy up to 7.1% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company’s leadership believes its shares are 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.