3,919 Shares in MSCI Inc $MSCI Purchased by Fideuram Intesa Sanpaolo Private Banking S.P.A.

Fideuram Intesa Sanpaolo Private Banking S.P.A. bought a new position in shares of MSCI Inc (NYSE:MSCI) during the fourth quarter, HoldingsChannel reports. The firm bought 3,919 shares of the technology company’s stock, valued at approximately $2,248,000.

A number of other institutional investors have also added to or reduced their stakes in the company. Handelsbanken Fonder AB grew its position in MSCI by 2.9% during the fourth quarter. Handelsbanken Fonder AB now owns 28,475 shares of the technology company’s stock worth $16,337,000 after buying an additional 801 shares in the last quarter. ProShare Advisors LLC grew its position in MSCI by 18.1% during the fourth quarter. ProShare Advisors LLC now owns 18,428 shares of the technology company’s stock worth $10,573,000 after buying an additional 2,826 shares in the last quarter. Envestnet Portfolio Solutions Inc. grew its position in MSCI by 422.0% during the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 4,922 shares of the technology company’s stock worth $2,824,000 after buying an additional 3,979 shares in the last quarter. Mission Wealth Management LP grew its position in MSCI by 3.2% during the fourth quarter. Mission Wealth Management LP now owns 1,401 shares of the technology company’s stock worth $804,000 after buying an additional 44 shares in the last quarter. Finally, North Dakota State Investment Board acquired a new stake in MSCI during the fourth quarter worth about $1,479,000. 89.97% of the stock is owned by institutional investors and hedge funds.

MSCI Price Performance

Shares of MSCI opened at $583.07 on Thursday. The company has a market capitalization of $42.45 billion, a P/E ratio of 33.30, a PEG ratio of 2.18 and a beta of 1.24. MSCI Inc has a one year low of $501.08 and a one year high of $626.28. The business’s 50 day simple moving average is $562.77 and its 200-day simple moving average is $565.96.

MSCI (NYSE:MSCI) last posted its quarterly earnings data 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. MSCI had a net margin of 40.74% and a negative return on equity of 65.48%. The firm had revenue of $850.80 million during the quarter, compared to analysts’ expectations of $830.91 million. During the same quarter in the previous year, the company posted $4.00 EPS. MSCI’s revenue was up 14.1% on a year-over-year basis. On average, sell-side analysts anticipate that MSCI Inc will post 19.62 EPS for the current fiscal year.

MSCI Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 29th. Investors of record on Friday, May 15th will be given a $2.05 dividend. This represents a $8.20 annualized dividend and a yield of 1.4%. The ex-dividend date is Friday, May 15th. MSCI’s payout ratio is 46.83%.

Insider Activity at MSCI

In related news, CFO Andrew C. Wiechmann sold 450 shares of the business’s stock in a transaction that occurred on Tuesday, March 17th. The shares were sold at an average price of $560.00, for a total value of $252,000.00. Following the completion of the transaction, the chief financial officer owned 22,544 shares in the company, valued at $12,624,640. The trade was a 1.96% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Alvise J. Munari sold 10,000 shares of the business’s stock in a transaction that occurred on Friday, April 24th. The stock was sold at an average price of $592.04, for a total transaction of $5,920,400.00. Following the completion of the transaction, the insider owned 23,548 shares of the company’s stock, valued at $13,941,357.92. This trade represents a 29.81% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders own 3.76% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the company. Wells Fargo & Company lifted their target price on MSCI from $545.00 to $650.00 and gave the stock an “equal weight” rating in a research report on Wednesday, April 22nd. Evercore lifted their target price on MSCI from $655.00 to $690.00 and gave the stock an “outperform” rating in a research report on Thursday, January 29th. Raymond James Financial restated a “strong-buy” rating and set a $730.00 price target on shares of MSCI in a research note on Tuesday, April 21st. Royal Bank Of Canada restated an “outperform” rating and set a $655.00 price target on shares of MSCI in a research note on Wednesday, April 22nd. Finally, Weiss Ratings upgraded shares of MSCI from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of $692.70.

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.