Simplicity Wealth LLC Has $279,000 Holdings in MSCI Inc $MSCI

Simplicity Wealth LLC decreased its position in shares of MSCI Inc (NYSE:MSCI) by 66.7% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 491 shares of the technology company’s stock after selling 984 shares during the quarter. Simplicity Wealth LLC’s holdings in MSCI were worth $279,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of MSCI. Norges Bank acquired a new stake in shares of MSCI during the second quarter worth $547,348,000. Magellan Asset Management Ltd bought a new stake in MSCI during the second quarter valued at $175,912,000. Banque Pictet & Cie SA bought a new stake in MSCI during the third quarter valued at $145,986,000. JPMorgan Chase & Co. grew its holdings in MSCI by 27.7% during the 2nd quarter. JPMorgan Chase & Co. now owns 786,321 shares of the technology company’s stock worth $453,513,000 after acquiring an additional 170,551 shares during the period. Finally, Qube Research & Technologies Ltd raised its position in shares of MSCI by 90.1% in the 2nd quarter. Qube Research & Technologies Ltd now owns 350,738 shares of the technology company’s stock worth $202,285,000 after acquiring an additional 166,208 shares in the last quarter. Institutional investors and hedge funds own 89.97% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently issued reports on MSCI. Barclays boosted their price objective on MSCI from $650.00 to $660.00 and gave the company an “overweight” rating in a research note on Wednesday, October 29th. Raymond James Financial reissued an “outperform” rating and issued a $690.00 price target on shares of MSCI in a research note on Monday, January 12th. UBS Group raised their price objective on shares of MSCI from $700.00 to $710.00 and gave the stock a “buy” rating in a research report on Wednesday, October 29th. Wells Fargo & Company lifted their price objective on shares of MSCI from $570.00 to $590.00 and gave the company an “equal weight” rating in a research note on Wednesday, January 14th. Finally, Seaport Research Partners raised shares of MSCI to a “strong-buy” rating in a research note on Wednesday, October 1st. Seven equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $650.13.

MSCI Stock Down 0.4%

Shares of NYSE:MSCI opened at $589.11 on Monday. MSCI Inc has a twelve month low of $486.73 and a twelve month high of $634.99. The stock’s 50 day moving average is $568.99 and its 200-day moving average is $565.07. The firm has a market capitalization of $44.27 billion, a price-to-earnings ratio of 37.33, a PEG ratio of 2.52 and a beta of 1.30.

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

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

Insider Buying and Selling

In other MSCI news, CEO Henry A. Fernandez bought 2,290 shares of the stock in a transaction that occurred on Friday, December 5th. The shares were bought at an average price of $536.17 per share, for a total transaction of $1,227,829.30. Following the acquisition, the chief executive officer directly owned 335,069 shares of the company’s stock, valued at approximately $179,653,945.73. The trade was a 0.69% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Andrew C. Wiechmann sold 450 shares of MSCI stock in a transaction dated Thursday, December 11th. The shares were sold at an average price of $550.00, for a total value of $247,500.00. Following the transaction, the chief financial officer owned 21,639 shares of the company’s stock, valued at $11,901,450. This trade represents a 2.04% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 3.31% of the stock is currently owned by company insiders.

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.