Andra AP fonden Decreases Stock Holdings in MSCI Inc $MSCI

Andra AP fonden reduced its position in shares of MSCI Inc (NYSE:MSCI) by 84.3% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,200 shares of the technology company’s stock after selling 22,500 shares during the period. Andra AP fonden’s holdings in MSCI were worth $2,383,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of MSCI. Banco Santander S.A. lifted its holdings in MSCI by 6.4% in the 3rd quarter. Banco Santander S.A. now owns 2,769 shares of the technology company’s stock worth $1,571,000 after buying an additional 166 shares during the period. DNB Asset Management AS increased its stake in shares of MSCI by 2.0% during the third quarter. DNB Asset Management AS now owns 14,397 shares of the technology company’s stock valued at $8,169,000 after buying an additional 281 shares during the period. Hohimer Wealth Management LLC raised its holdings in shares of MSCI by 18.3% during the third quarter. Hohimer Wealth Management LLC now owns 1,682 shares of the technology company’s stock valued at $954,000 after acquiring an additional 260 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. lifted its stake in MSCI by 499.3% in the third quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 874,882 shares of the technology company’s stock worth $496,417,000 after acquiring an additional 728,900 shares during the period. Finally, GCQ FUNDS MANAGEMENT PTY Ltd lifted its stake in MSCI by 52.5% in the third quarter. GCQ FUNDS MANAGEMENT PTY Ltd now owns 169,177 shares of the technology company’s stock worth $95,993,000 after acquiring an additional 58,213 shares during the period. Hedge funds and other institutional investors own 89.97% of the company’s stock.

Insider Activity

In related news, CFO Andrew C. Wiechmann sold 450 shares of the firm’s stock in a transaction that occurred on Thursday, December 11th. The shares were sold at an average price of $550.00, for a total transaction of $247,500.00. Following the completion of the sale, 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 ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Henry A. Fernandez acquired 800 shares of the firm’s stock in a transaction that occurred on Tuesday, February 17th. The stock was purchased at an average price of $518.95 per share, with a total value of $415,160.00. Following the completion of the acquisition, the chief executive officer owned 1,493,847 shares in the company, valued at $775,231,900.65. The trade was a 0.05% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders have purchased a total of 19,300 shares of company stock worth $10,261,957 over the last three months. 3.31% of the stock is currently owned by insiders.

MSCI Stock Down 0.3%

MSCI stock opened at $570.93 on Friday. MSCI Inc has a twelve month low of $486.73 and a twelve month high of $626.28. The company has a market capitalization of $41.95 billion, a P/E ratio of 36.39, a PEG ratio of 2.33 and a beta of 1.29. The stock’s 50 day moving average is $572.43 and its 200 day moving average is $565.38.

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

MSCI Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 27th. Investors of record on Friday, February 13th were given a dividend of $2.05 per share. This is a positive change from MSCI’s previous quarterly dividend of $1.80. The ex-dividend date of this dividend was Friday, February 13th. This represents a $8.20 annualized dividend and a yield of 1.4%. MSCI’s payout ratio is currently 52.26%.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on MSCI. Evercore boosted their price objective on shares of MSCI from $655.00 to $690.00 and gave the company an “outperform” rating in a research report on Thursday, January 29th. Raymond James Financial reaffirmed an “outperform” rating and set a $690.00 target price on shares of MSCI in a research note on Monday, January 12th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $715.00 price target on shares of MSCI in a research note on Thursday, January 29th. Barclays restated an “overweight” rating on shares of MSCI in a report on Thursday, January 29th. Finally, Royal Bank Of Canada reiterated an “outperform” rating and set a $655.00 target price on shares of MSCI in a report on Thursday, January 29th. Nine equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, MSCI presently has a consensus rating of “Moderate Buy” and a consensus target price of $671.78.

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.