680 Shares in MSCI Inc $MSCI Purchased by AEGON ASSET MANAGEMENT UK Plc

Key Points

• AEGON ASSET MANAGEMENT UK Plc has acquired 680 shares of MSCI Inc, valued at approximately $392,000, indicating a growing interest from institutional investors.
• Analysts have raised their price targets for MSCI, with estimates ranging from $533.00 to $700.00, reflecting a positive outlook on the company's performance.
• MSCI recently announced a quarterly dividend of $1.80 per share, which translates to an annual yield of 1.3%.

AEGON ASSET MANAGEMENT UK Plc acquired a new position in MSCI Inc (NYSE:MSCI - Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 680 shares of the technology company's stock, valued at approximately $392,000.

Several other hedge funds have also recently bought and sold shares of MSCI. Olde Wealth Management LLC purchased a new stake in MSCI in the 1st quarter worth about $27,000. Meeder Asset Management Inc. raised 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 purchasing an additional 30 shares in the last quarter. Steph & Co. purchased a new stake in shares of MSCI during the 2nd quarter worth about $35,000. Migdal Insurance & Financial Holdings Ltd. raised its stake in shares of MSCI by 50.0% during the 1st quarter. Migdal Insurance & Financial Holdings Ltd. now owns 66 shares of the technology company's stock worth $37,000 after purchasing an additional 22 shares in the last quarter. Finally, Banque Transatlantique SA raised its stake 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 in the last quarter. 89.97% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the company. JPMorgan Chase & Co. raised their price target on MSCI from $625.00 to $655.00 and gave the stock an "overweight" rating in a research note on Wednesday, September 10th. Raymond James Financial raised MSCI from a "market perform" rating to an "outperform" rating and set a $650.00 price target for the company in a research note on Friday, July 25th. UBS Group raised their price target on MSCI from $655.00 to $700.00 and gave the stock a "buy" rating in a research note on Tuesday, July 8th. Evercore ISI raised their price target on MSCI from $588.00 to $611.00 and gave the stock an "outperform" rating in a research note on Tuesday. Finally, Wells Fargo & Company cut their price target on MSCI from $578.00 to $533.00 and set an "equal weight" rating for the company in a research note on Wednesday, July 23rd. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $647.70.

MSCI Stock Performance

Shares of MSCI stock opened at $548.82 on Thursday. The stock's 50 day simple moving average is $563.49 and its 200 day simple moving average is $559.00. MSCI Inc has a twelve month low of $486.73 and a twelve month high of $642.45. The company has a market capitalization of $42.46 billion, a price-to-earnings ratio of 36.35, a PEG ratio of 2.70 and a beta of 1.33.

MSCI (NYSE:MSCI - Get Free Report) last issued its quarterly earnings data on Tuesday, July 22nd. The technology company reported $4.17 earnings per share for the quarter, beating analysts' consensus estimates of $4.12 by $0.05. The business had revenue of $772.68 million for the quarter, compared to the consensus estimate of $763.06 million. MSCI had a negative return on equity of 143.13% and a net margin of 39.46%.The firm's revenue was up 9.1% compared to the same quarter last year. During the same period last year, the business earned $3.64 EPS. On average, analysts forecast that MSCI Inc will post 16.86 EPS for the current fiscal year.

MSCI Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, August 29th. Shareholders of record on Friday, August 15th were issued a $1.80 dividend. The ex-dividend date of this dividend was Friday, August 15th. This represents a $7.20 dividend on an annualized basis and a yield of 1.3%. MSCI's dividend payout ratio (DPR) is 47.68%.

Insider Transactions at MSCI

In other MSCI news, CEO Henry A. Fernandez bought 84 shares of the stock in a transaction on Friday, July 25th. The shares were purchased at an average price of $548.69 per share, with a total value of $46,089.96. Following the acquisition, the chief executive officer directly owned 1,279,951 shares of the company's stock, valued at $702,296,314.19. This represents a 0.01% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Over the last quarter, insiders purchased 12,400 shares of company stock valued at $6,731,599. Company insiders own 3.31% of the company's stock.

MSCI Profile

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.

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