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MSCI Inc (NYSE:MSCI) Position Lessened by Mizuho Securities USA LLC

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Key Points

  • Mizuho Securities USA LLC has reduced its position in MSCI Inc by 16.3%, now holding 6,218 shares valued at approximately $3.5 million.
  • Several analysts have recently changed their price targets for MSCI, with UBS raising it to $700.00 and Wells Fargo lowering it to $533.00.
  • MSCI declared a quarterly dividend of $1.80 to be paid on August 29th, representing an annualized dividend of $7.20 with a yield of 1.3%.
  • Want stock alerts on MSCI? Get 5 Weeks of MarketBeat All Access for $5. Get My Stock Alerts.

Mizuho Securities USA LLC cut its position in shares of MSCI Inc (NYSE:MSCI - Free Report) by 16.3% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 6,218 shares of the technology company's stock after selling 1,210 shares during the quarter. Mizuho Securities USA LLC's holdings in MSCI were worth $3,516,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Covestor Ltd increased its stake in MSCI by 12.5% during the first quarter. Covestor Ltd now owns 234 shares of the technology company's stock worth $133,000 after acquiring an additional 26 shares during the last quarter. JPMorgan Chase & Co. increased its stake in MSCI by 8.4% during the first quarter. JPMorgan Chase & Co. now owns 615,770 shares of the technology company's stock worth $348,218,000 after acquiring an additional 47,936 shares during the last quarter. Frank Rimerman Advisors LLC increased its stake in MSCI by 1.4% during the first quarter. Frank Rimerman Advisors LLC now owns 2,047 shares of the technology company's stock worth $1,158,000 after acquiring an additional 29 shares during the last quarter. MUFG Securities EMEA plc acquired a new stake in MSCI during the first quarter worth about $5,090,000. Finally, Cynosure Group LLC increased its stake in MSCI by 22.5% during the first quarter. Cynosure Group LLC now owns 685 shares of the technology company's stock worth $387,000 after acquiring an additional 126 shares during the last quarter. 89.97% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

MSCI has been the subject of several research analyst reports. Raymond James Financial upgraded 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. Evercore ISI decreased their target price on MSCI from $673.00 to $631.00 and set an "outperform" rating for the company in a research report on Wednesday, April 23rd. Royal Bank Of Canada reaffirmed an "outperform" rating and issued a $675.00 target price on shares of MSCI in a research report on Wednesday, April 16th. Wells Fargo & Company decreased their target price on MSCI from $578.00 to $533.00 and set an "equal weight" rating for the company in a research report on Wednesday, July 23rd. Finally, JPMorgan Chase & Co. upped their target price on MSCI from $650.00 to $680.00 and gave the stock an "overweight" rating in a research report on Monday, July 21st. Three analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat.com, MSCI presently has an average rating of "Moderate Buy" and a consensus price target of $654.73.

Get Our Latest Analysis on MSCI

Insider Buying and Selling

In related news, CEO Henry A. Fernandez purchased 9,916 shares of the business's stock in a transaction that occurred on Thursday, July 24th. The shares were acquired at an average price of $544.70 per share, with a total value of $5,401,245.20. Following the acquisition, the chief executive officer owned 1,279,867 shares in the company, valued at approximately $697,143,554.90. This trade represents a 0.78% increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Over the last 90 days, insiders purchased 12,400 shares of company stock worth $6,731,599. Company insiders own 3.31% of the company's stock.

MSCI Stock Down 0.2%

NYSE:MSCI traded down $0.95 during trading hours on Thursday, reaching $566.48. 362,875 shares of the stock were exchanged, compared to its average volume of 606,633. The firm has a 50 day simple moving average of $562.08 and a 200-day simple moving average of $562.09. MSCI Inc has a 52 week low of $486.73 and a 52 week high of $642.45. The stock has a market capitalization of $43.82 billion, a P/E ratio of 37.52, a P/E/G ratio of 2.69 and a beta of 1.29.

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

MSCI Dividend Announcement

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

MSCI Company Profile

(Free Report)

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.

Read More

Institutional Ownership by Quarter for MSCI (NYSE:MSCI)

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