MSCI Inc $MSCI Shares Purchased by NEOS Investment Management LLC

NEOS Investment Management LLC increased its holdings in shares of MSCI Inc (NYSE:MSCI) by 44.0% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 5,887 shares of the technology company’s stock after buying an additional 1,798 shares during the quarter. NEOS Investment Management LLC’s holdings in MSCI were worth $3,340,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of MSCI. Pinnacle Bancorp Inc. purchased a new position in shares of MSCI in the 3rd quarter valued at $27,000. Root Financial Partners LLC acquired a new position in shares of MSCI during the third quarter worth about $28,000. Strategic Wealth Investment Group LLC purchased a new stake in shares of MSCI in the second quarter worth about $36,000. Westside Investment Management Inc. boosted its position in shares of MSCI by 100.0% in the third quarter. Westside Investment Management Inc. now owns 68 shares of the technology company’s stock worth $38,000 after buying an additional 34 shares during the period. Finally, Eastern Bank acquired a new stake in shares of MSCI in the third quarter valued at about $50,000. 89.97% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms have weighed in on MSCI. UBS Group set a $638.00 price target on MSCI in a report on Wednesday, January 28th. Royal Bank Of Canada reissued an “outperform” rating and set a $655.00 target price on shares of MSCI in a research report on Thursday, January 29th. Bank of America started coverage on shares of MSCI in a report on Tuesday. They set a “buy” rating and a $700.00 price target for the company. Barclays reiterated an “overweight” rating on shares of MSCI in a report on Thursday, January 29th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $715.00 target price on shares of MSCI in a research report on Thursday, January 29th. Eight research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $671.78.

MSCI Trading Down 0.9%

Shares of NYSE:MSCI opened at $540.41 on Friday. MSCI Inc has a 52 week low of $486.73 and a 52 week high of $626.28. The firm’s 50 day moving average is $572.65 and its two-hundred day moving average is $565.18. The firm has a market capitalization of $39.70 billion, a P/E ratio of 34.44, a PEG ratio of 2.22 and a beta of 1.29.

MSCI (NYSE:MSCI) last issued its quarterly earnings data on Wednesday, January 28th. The technology company reported $4.66 earnings per share for the quarter, beating analysts’ consensus estimates of $4.62 by $0.04. MSCI had a net margin of 38.36% and a negative return on equity of 82.59%. The business had revenue of $822.53 million for the quarter, compared to analysts’ expectations of $819.51 million. During the same period in the previous year, the business earned $4.18 earnings per share. The company’s revenue was up 10.6% on a year-over-year basis. Analysts predict that MSCI Inc will post 16.86 EPS for the current year.

MSCI Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, February 27th. Investors of record on Friday, February 13th will be paid a $2.05 dividend. The ex-dividend date of this dividend is Friday, February 13th. This represents a $8.20 dividend on an annualized basis and a yield of 1.5%. This is an increase from MSCI’s previous quarterly dividend of $1.80. MSCI’s dividend payout ratio (DPR) is 52.26%.

MSCI declared that its board has authorized a stock repurchase plan on Tuesday, October 28th that allows the company to buyback $3.00 billion in outstanding shares. This buyback authorization allows the technology company to purchase up to 7.1% of its shares through open market purchases. Shares buyback plans are typically a sign that the company’s management believes its shares are undervalued.

Insiders Place Their Bets

In other MSCI news, General Counsel Robert J. Gutowski sold 624 shares of the company’s stock in a transaction dated Monday, November 24th. The shares were sold at an average price of $558.42, for a total transaction of $348,454.08. Following the completion of the sale, the general counsel directly owned 15,945 shares of the company’s stock, valued at approximately $8,904,006.90. This represents a 3.77% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Andrew C. Wiechmann sold 450 shares of MSCI stock in a transaction that occurred on Thursday, December 11th. The stock was sold at an average price of $550.00, for a total transaction of $247,500.00. Following the completion of the transaction, the chief financial officer directly owned 21,639 shares in the company, valued at approximately $11,901,450. This trade represents a 2.04% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have purchased 19,300 shares of company stock worth $10,261,957. Company insiders own 3.31% of the company’s stock.

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.