MSCI Inc $MSCI Shares Bought by Tema Etfs LLC

Key Points

• Tema Etfs LLC significantly increased its stake in MSCI Inc by 143.6%, now owning 2,901 shares valued at approximately $1.64 million as of the latest SEC filing.
• MSCI's CEO, Henry A. Fernandez, purchased 84 shares at an average price of $548.69, increasing his total holdings to approximately $702 million.
• Analyst ratings for MSCI vary, with estimates of target prices ranging from $533 to $700 per share, reflecting mixed outlooks on the stock's performance.

Tema Etfs LLC boosted its stake in shares of MSCI Inc (NYSE:MSCI - Free Report) by 143.6% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 2,901 shares of the technology company's stock after buying an additional 1,710 shares during the period. Tema Etfs LLC's holdings in MSCI were worth $1,641,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its stake in MSCI by 5.9% during the first quarter. Vanguard Group Inc. now owns 9,376,852 shares of the technology company's stock worth $5,302,610,000 after buying an additional 518,833 shares during the last quarter. Principal Financial Group Inc. boosted its stake in MSCI by 0.9% during the first quarter. Principal Financial Group Inc. now owns 1,626,923 shares of the technology company's stock worth $920,026,000 after buying an additional 13,918 shares during the last quarter. American Century Companies Inc. lifted its stake in shares of MSCI by 2.0% in the 1st quarter. American Century Companies Inc. now owns 1,008,778 shares of the technology company's stock valued at $570,464,000 after purchasing an additional 19,846 shares during the last quarter. Northern Trust Corp lifted its stake in shares of MSCI by 2.6% in the 1st quarter. Northern Trust Corp now owns 804,640 shares of the technology company's stock valued at $455,024,000 after purchasing an additional 20,150 shares during the last quarter. Finally, JPMorgan Chase & Co. lifted its stake in shares of MSCI by 8.4% in the 1st quarter. JPMorgan Chase & Co. now owns 615,770 shares of the technology company's stock valued at $348,218,000 after purchasing an additional 47,936 shares during the last quarter. Institutional investors and hedge funds own 89.97% of the company's stock.

Analyst Ratings Changes

Several equities analysts have recently commented on the company. Raymond James Financial raised MSCI from a "market perform" rating to an "outperform" rating and set a $650.00 price target on the stock in a research note on Friday, July 25th. Wells Fargo & Company decreased their price target on MSCI from $578.00 to $533.00 and set an "equal weight" rating on the stock in a research note on Wednesday, July 23rd. JPMorgan Chase & Co. boosted their price objective on MSCI from $650.00 to $680.00 and gave the company an "overweight" rating in a report on Monday, July 21st. Finally, UBS Group boosted 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 research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, MSCI currently has an average rating of "Moderate Buy" and a consensus price target of $654.73.

MSCI Stock Down 0.2%

NYSE MSCI traded down $0.98 during trading hours on Monday, hitting $567.57. 498,985 shares of the company were exchanged, compared to its average volume of 589,100. The company has a 50 day moving average of $565.89 and a two-hundred day moving average of $559.90. MSCI Inc has a 52-week low of $486.73 and a 52-week high of $642.45. The firm has a market cap of $43.91 billion, a price-to-earnings ratio of 37.59, a PEG ratio of 2.77 and a beta of 1.34.

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

MSCI Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 29th. Stockholders of record on Friday, August 15th were given a dividend of $1.80 per share. This represents a $7.20 annualized dividend and a dividend yield of 1.3%. The ex-dividend date of this dividend was Friday, August 15th. MSCI's dividend payout ratio is currently 47.68%.

Insider Activity

In other MSCI news, CEO Henry A. Fernandez acquired 9,916 shares of the stock in a transaction dated Thursday, July 24th. The stock was acquired at an average cost of $544.70 per share, with a total value of $5,401,245.20. Following the transaction, the chief executive officer owned 1,279,867 shares in the company, valued at $697,143,554.90. The trade was a 0.78% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Over the last ninety days, insiders bought 12,400 shares of company stock worth $6,731,599. Corporate insiders own 3.31% of the company's stock.

MSCI Company 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.