Alberta Investment Management Corp Has $4.50 Million Stake in MSCI Inc $MSCI

Alberta Investment Management Corp cut its position in shares of MSCI Inc (NYSE:MSCI) by 2.5% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 7,800 shares of the technology company’s stock after selling 200 shares during the quarter. Alberta Investment Management Corp’s holdings in MSCI were worth $4,499,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of MSCI. Meeder Asset Management Inc. boosted its stake in shares of MSCI by 136.4% during the 1st quarter. Meeder Asset Management Inc. now owns 52 shares of the technology company’s stock worth $29,000 after buying an additional 30 shares during the last quarter. Steph & Co. acquired a new position in MSCI during the second quarter valued at approximately $35,000. Migdal Insurance & Financial Holdings Ltd. grew its stake in MSCI by 50.0% in the first quarter. Migdal Insurance & Financial Holdings Ltd. now owns 66 shares of the technology company’s stock valued at $37,000 after purchasing an additional 22 shares in the last quarter. Banque Transatlantique SA increased its position in shares of MSCI by 355.6% during the 1st quarter. Banque Transatlantique SA now owns 82 shares of the technology company’s stock worth $43,000 after purchasing an additional 64 shares during the last quarter. Finally, Caitong International Asset Management Co. Ltd raised its stake in shares of MSCI by 2,666.7% during the 1st quarter. Caitong International Asset Management Co. Ltd now owns 83 shares of the technology company’s stock worth $47,000 after purchasing an additional 80 shares in the last quarter. Institutional investors and hedge funds own 89.97% of the company’s stock.

MSCI Stock Down 1.5%

NYSE:MSCI opened at $564.71 on Monday. MSCI Inc has a twelve month low of $486.73 and a twelve month high of $642.45. The stock’s 50-day simple moving average is $564.47 and its 200 day simple moving average is $563.24. The firm has a market capitalization of $42.43 billion, a PE ratio of 35.79, a price-to-earnings-growth ratio of 2.76 and a beta of 1.34.

MSCI (NYSE:MSCI) last posted its earnings results on Tuesday, October 28th. The technology company reported $4.47 EPS for the quarter, topping analysts’ consensus estimates of $4.37 by $0.10. The firm had revenue of $793.43 million during the quarter, compared to analysts’ expectations of $794.87 million. MSCI had a net margin of 40.03% and a negative return on equity of 110.94%. The business’s revenue for the quarter was up 9.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $3.86 earnings per share. On average, analysts anticipate that MSCI Inc will post 16.86 EPS for the current fiscal year.

MSCI Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, November 28th. Stockholders of record on Friday, November 14th will be paid a $1.80 dividend. This represents a $7.20 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date is Friday, November 14th. MSCI’s dividend payout ratio is presently 45.63%.

MSCI declared that its Board of Directors has initiated a share repurchase program on Tuesday, October 28th that permits the company to repurchase $3.00 billion in shares. This repurchase authorization permits the technology company to reacquire up to 7.1% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company’s leadership believes its shares are undervalued.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the stock. UBS Group boosted their price objective on shares of MSCI from $700.00 to $710.00 and gave the stock a “buy” rating in a research note on Wednesday, October 29th. Barclays raised their price objective on MSCI from $650.00 to $660.00 and gave the company an “overweight” rating in a research report on Wednesday, October 29th. Evercore ISI increased their price target on MSCI from $588.00 to $611.00 and gave the company an “outperform” rating in a research note on Tuesday, October 14th. Seaport Res Ptn raised shares of MSCI to a “strong-buy” rating in a research report on Wednesday, October 1st. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of MSCI in a research report on Thursday. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $655.90.

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.