20,190 Shares in MSCI Inc $MSCI Bought by Nykredit A S

Key Points

• Nykredit A S acquired 20,190 shares of MSCI during the second quarter, valued at approximately $11.3 million. Institutional investors and hedge funds collectively own about 89.97% of MSCI’s outstanding stock.
• Analysts remain broadly bullish, with one Strong Buy and eleven Buy ratings; MSCI has an average price target of $709.50, above its reported opening price of $572.27.
• MSCI’s latest quarterly results modestly missed expectations, with earnings of $4.94 per share and revenue of $867 million, though revenue increased 12.2% year over year. The company also paid a quarterly dividend of $2.05, equivalent to a 1.4% annualized yield.

Nykredit A S bought a new position in MSCI Inc (NYSE:MSCI - Free Report) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 20,190 shares of the technology company's stock, valued at approximately $11,307,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. BlackRock Inc. acquired a new position in shares of MSCI during the second quarter worth about $3,062,626,000. State Street Corp lifted its stake in MSCI by 1.2% in the 3rd quarter. State Street Corp now owns 3,320,761 shares of the technology company's stock valued at $1,884,233,000 after acquiring an additional 39,450 shares in the last quarter. Bamco Inc. NY bought a new stake in MSCI in the 2nd quarter valued at approximately $1,798,710,000. Morgan Stanley boosted its position in MSCI by 2.2% during the 4th quarter. Morgan Stanley now owns 2,467,556 shares of the technology company's stock worth $1,415,713,000 after acquiring an additional 52,242 shares during the last quarter. Finally, T. Rowe Price Investment Management Inc. boosted its position in MSCI by 13.2% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 1,446,291 shares of the technology company's stock worth $829,781,000 after acquiring an additional 168,405 shares during the last quarter. Institutional investors and hedge funds own 89.97% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have recently commented on MSCI shares. Bank of America boosted their price objective on shares of MSCI from $715.00 to $730.00 and gave the stock a "buy" rating in a research report on Friday, July 10th. JPMorgan Chase & Co. boosted their price target on shares of MSCI from $700.00 to $742.00 and gave the stock an "overweight" rating in a research report on Monday, July 20th. Jefferies Financial Group initiated coverage on MSCI in a report on Friday, July 17th. They issued a "buy" rating and a $760.00 price objective for the company. UBS Group set a $615.00 target price on MSCI in a research report on Wednesday, July 22nd. Finally, Barclays increased their price target on MSCI from $700.00 to $735.00 and gave the company an "overweight" rating in a research report on Friday, July 10th. One investment analyst has rated the stock with a Strong Buy rating and eleven have assigned a Buy rating to the company. According to MarketBeat, the company currently has an average rating of "Buy" and an average price target of $709.50.

Key MSCI News

Here are the key news stories impacting MSCI this week:

• Positive Sentiment: Director Rajat Taneja significantly increased his MSCI stake on September 4. The insider purchase may signal confidence in the company’s long-term outlook and provide modest support for investor sentiment. Prominent MSCI Insider Makes Bold Move With Fresh Stock Purchase
• Positive Sentiment: MSCI’s Asia-Pacific equity index rose as easing expectations for Federal Reserve policy helped lift global equities. A more favorable market environment can support demand for MSCI’s benchmarks, analytics and investment products, although this is an indirect benefit. Global Market Today: Asian Stocks Rise as Fed Rate-Hike Bets Ease
• Neutral Sentiment: MSCI will participate in Barclays’ Annual Global Financial Services Conference on September 14, with CFO Andy Wiechmann scheduled for a fireside chat. The event could provide updates on strategy, demand and financial performance, but no new guidance was announced. MSCI to Participate in Barclays Annual Global Financial Services Conference
• Neutral Sentiment: Several reports focus on MSCI removing India-based Swiggy from its Global Standard and related indexes effective September 7 because of foreign-ownership restrictions. The change may cause passive-fund flows in Swiggy, but it is a routine index decision and is not expected to materially affect MSCI’s own revenue or earnings. Swiggy Shares in Focus as MSCI Removes Stock From Global Standard Indexes

MSCI Price Performance

Shares of MSCI opened at $572.27 on Friday. The firm has a 50-day moving average of $579.52 and a 200-day moving average of $574.58. The company has a market cap of $41.60 billion, a PE ratio of 31.31, a price-to-earnings-growth ratio of 2.19 and a beta of 1.22. MSCI Inc has a one year low of $501.08 and a one year high of $644.77.

MSCI (NYSE:MSCI - Get Free Report) last announced its quarterly earnings results on Tuesday, July 21st. The technology company reported $4.94 earnings per share for the quarter, missing analysts' consensus estimates of $4.99 by ($0.05). The business had revenue of $867.00 million for the quarter, compared to analyst estimates of $870.71 million. MSCI had a negative return on equity of 55.19% and a net margin of 40.74%.MSCI's quarterly revenue was up 12.2% compared to the same quarter last year. During the same period last year, the firm earned $4.17 EPS. Analysts expect that MSCI Inc will post 19.61 earnings per share for the current year.

MSCI Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, August 28th. Investors of record on Friday, August 14th were paid a $2.05 dividend. This represents a $8.20 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date was Friday, August 14th. MSCI's dividend payout ratio is 44.86%.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.