Madison Asset Management LLC Has $34.64 Million Position in MSCI Inc $MSCI

Madison Asset Management LLC raised its stake in shares of MSCI Inc (NYSE:MSCI) by 15.8% in the first quarter, Holdings Channel reports. The fund owned 64,269 shares of the technology company’s stock after acquiring an additional 8,775 shares during the period. Madison Asset Management LLC’s holdings in MSCI were worth $34,642,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Commonwealth Financial Services LLC bought a new position in MSCI during the 1st quarter valued at about $208,000. Dimensional Fund Advisors LP grew its stake in MSCI by 2.0% during the first quarter. Dimensional Fund Advisors LP now owns 280,912 shares of the technology company’s stock worth $151,401,000 after buying an additional 5,469 shares during the last quarter. KBC Group NV grew its stake in MSCI by 19.0% during the first quarter. KBC Group NV now owns 14,196 shares of the technology company’s stock worth $7,652,000 after buying an additional 2,265 shares during the last quarter. True North Advisors LLC increased its holdings in shares of MSCI by 8.7% during the first quarter. True North Advisors LLC now owns 759 shares of the technology company’s stock worth $409,000 after buying an additional 61 shares in the last quarter. Finally, SEB Asset Management AB acquired a new stake in shares of MSCI during the first quarter worth approximately $21,055,000. Institutional investors and hedge funds own 89.97% of the company’s stock.

MSCI Trading Down 0.7%

Shares of NYSE:MSCI opened at $624.14 on Tuesday. The stock has a market capitalization of $45.44 billion, a P/E ratio of 35.64, a P/E/G ratio of 2.27 and a beta of 1.24. MSCI Inc has a 1-year low of $501.08 and a 1-year high of $644.77. The business has a 50-day moving average price of $597.67 and a two-hundred day moving average price of $577.13.

MSCI (NYSE:MSCI) last released its earnings results on Tuesday, April 21st. The technology company reported $4.55 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.38 by $0.17. The company had revenue of $850.80 million for the quarter, compared to the consensus estimate of $830.91 million. MSCI had a net margin of 40.74% and a negative return on equity of 65.48%. The company’s revenue was up 14.1% compared to the same quarter last year. During the same period in the prior year, the company posted $4.00 EPS. As a group, equities analysts predict that MSCI Inc will post 19.84 EPS for the current year.

Insider Buying and Selling at MSCI

In related news, insider Alvise J. Munari sold 10,000 shares of the business’s stock in a transaction that occurred on Friday, April 24th. The shares were sold at an average price of $592.04, for a total transaction of $5,920,400.00. Following the completion of the sale, the insider directly owned 23,548 shares of the company’s stock, valued at $13,941,357.92. The trade was a 29.81% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. 3.76% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of research firms have recently issued reports on MSCI. UBS Group lifted their target price on shares of MSCI from $710.00 to $720.00 and gave the company a “buy” rating in a research note on Wednesday, April 22nd. Bank of America increased their price target on MSCI from $715.00 to $730.00 and gave the stock a “buy” rating in a research report on Friday, July 10th. Rothschild & Co Redburn set a $690.00 price target on MSCI in a report on Thursday, June 18th. Weiss Ratings upgraded MSCI from a “buy (b-)” rating to a “buy (b)” rating in a research report on Thursday. Finally, Royal Bank Of Canada reissued an “outperform” rating and issued a $655.00 price objective on shares of MSCI in a research note on Wednesday, April 22nd. One analyst has rated the stock with a Strong Buy rating and eleven have assigned a Buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of $718.67.

About MSCI

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.