Norinchukin Bank The Purchases 614 Shares of MSCI Inc $MSCI

Key Points

• Norinchukin Bank increased its stake in MSCI Inc by 14.3% during the 1st quarter, now owning 4,895 shares valued at $2,768,000.
• Analysts have mixed reviews on MSCI, with a recent target price drop from $578 to $533 by Wells Fargo, while UBS raised it to $700, indicating a consensus rating of "Moderate Buy."
• MSCI has declared a quarterly dividend of $1.80 per share, translating to an annualized yield of 1.3%, with the ex-dividend date set for August 15th.

Norinchukin Bank The lifted its holdings in shares of MSCI Inc (NYSE:MSCI - Free Report) by 14.3% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 4,895 shares of the technology company's stock after acquiring an additional 614 shares during the quarter. Norinchukin Bank The's holdings in MSCI were worth $2,768,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in MSCI. Vanguard Group Inc. boosted its stake in shares of MSCI by 5.9% during the 1st quarter. Vanguard Group Inc. now owns 9,376,852 shares of the technology company's stock worth $5,302,610,000 after acquiring an additional 518,833 shares during the period. GAMMA Investing LLC lifted its holdings in MSCI by 61,179.6% during the 1st quarter. GAMMA Investing LLC now owns 505,557 shares of the technology company's stock worth $285,892,000 after purchasing an additional 504,732 shares during the last quarter. Mackenzie Financial Corp lifted its holdings in MSCI by 3,881.3% during the 4th quarter. Mackenzie Financial Corp now owns 419,429 shares of the technology company's stock worth $251,662,000 after purchasing an additional 408,894 shares during the last quarter. Bank Julius Baer & Co. Ltd Zurich lifted its holdings in MSCI by 605,802.9% during the 1st quarter. Bank Julius Baer & Co. Ltd Zurich now owns 212,066 shares of the technology company's stock worth $129,903,000 after purchasing an additional 212,031 shares during the last quarter. Finally, Nuveen LLC acquired a new stake in MSCI during the 1st quarter worth approximately $117,879,000. 89.97% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

MSCI has been the subject of several research reports. JPMorgan Chase & Co. lifted their price target on MSCI from $650.00 to $680.00 and gave the stock an "overweight" rating in a report on Monday, July 21st. Raymond James Financial raised MSCI from a "market perform" rating to an "outperform" rating and set a $650.00 price objective for the company in a report on Friday, July 25th. Wells Fargo & Company dropped their price objective on MSCI from $578.00 to $533.00 and set an "equal weight" rating for the company in a report on Wednesday, July 23rd. Finally, UBS Group lifted their price objective on MSCI from $655.00 to $700.00 and gave the company a "buy" rating in a report on Tuesday, July 8th. Ten investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $654.73.

Insiders Place Their Bets

In other news, CEO Henry A. Fernandez acquired 84 shares of MSCI stock in a transaction that occurred on Friday, July 25th. The shares were acquired at an average price of $548.69 per share, for a total transaction of $46,089.96. Following the transaction, the chief executive officer directly owned 1,279,951 shares of the company's stock, valued at approximately $702,296,314.19. The trade was a 0.01% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In the last 90 days, insiders acquired 12,400 shares of company stock worth $6,731,599. Insiders own 3.31% of the company's stock.

MSCI Stock Down 0.1%

Shares of MSCI traded down $0.61 during midday trading on Wednesday, hitting $570.82. The company's stock had a trading volume of 318,859 shares, compared to its average volume of 600,407. MSCI Inc has a one year low of $486.73 and a one year high of $642.45. The company's fifty day simple moving average is $564.37 and its two-hundred day simple moving average is $560.16. The stock has a market capitalization of $44.16 billion, a price-to-earnings ratio of 37.80, a price-to-earnings-growth ratio of 2.80 and a beta of 1.29.

MSCI (NYSE:MSCI - Get Free Report) last issued its quarterly earnings results on Tuesday, July 22nd. The technology company reported $4.17 earnings per share (EPS) for the quarter, beating the consensus estimate 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 analyst estimates of $763.06 million. During the same quarter last year, the company posted $3.64 EPS. The company's revenue for the quarter was up 9.1% compared to the same quarter last year. On average, research analysts predict that MSCI Inc will post 16.86 earnings per share for the current year.

MSCI Dividend Announcement

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

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.