Findlay Park Partners LLP Has $114.94 Million Position in MSCI Inc $MSCI

Findlay Park Partners LLP cut its stake in MSCI Inc (NYSE:MSCI) by 3.4% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 199,300 shares of the technology company’s stock after selling 7,100 shares during the quarter. Findlay Park Partners LLP owned approximately 0.26% of MSCI worth $114,944,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. Meeder Asset Management Inc. lifted its stake in MSCI by 136.4% in the first quarter. Meeder Asset Management Inc. now owns 52 shares of the technology company’s stock valued at $29,000 after acquiring an additional 30 shares during the last quarter. Steph & Co. bought a new stake in MSCI during the 2nd quarter valued at approximately $35,000. Banque Transatlantique SA boosted its position in shares of MSCI by 355.6% in the first quarter. Banque Transatlantique SA now owns 82 shares of the technology company’s stock valued at $43,000 after acquiring an additional 64 shares during the period. Caitong International Asset Management Co. Ltd grew its stake in shares of MSCI by 2,666.7% in the first quarter. Caitong International Asset Management Co. Ltd now owns 83 shares of the technology company’s stock worth $47,000 after acquiring an additional 80 shares during the last quarter. Finally, Migdal Insurance & Financial Holdings Ltd. increased its position in MSCI by 47.0% during the second quarter. Migdal Insurance & Financial Holdings Ltd. now owns 97 shares of the technology company’s stock worth $56,000 after acquiring an additional 31 shares during the period. Institutional investors and hedge funds own 89.97% of the company’s stock.

Insiders Place Their Bets

In other news, General Counsel Robert J. Gutowski sold 624 shares of MSCI stock in a transaction on Monday, November 24th. The shares were sold at an average price of $558.42, for a total transaction of $348,454.08. Following the transaction, the general counsel directly owned 15,945 shares of the company’s stock, valued at $8,904,006.90. This trade represents a 3.77% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 3.31% of the company’s stock.

MSCI Stock Up 0.0%

Shares of NYSE MSCI opened at $563.15 on Thursday. MSCI Inc has a 12-month low of $486.73 and a 12-month high of $642.45. The firm’s 50-day simple moving average is $562.10 and its 200 day simple moving average is $563.58. The company has a market cap of $42.31 billion, a price-to-earnings ratio of 35.69, a price-to-earnings-growth ratio of 2.76 and a beta of 1.34.

MSCI (NYSE:MSCI) last announced its quarterly earnings data on Tuesday, October 28th. The technology company reported $4.47 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.37 by $0.10. MSCI had a net margin of 40.03% and a negative return on equity of 110.94%. The firm had revenue of $793.43 million for the quarter, compared to analysts’ expectations of $794.87 million. During the same period last year, the firm earned $3.86 earnings per share. The business’s revenue for the quarter was up 9.5% on a year-over-year basis. On average, equities analysts expect that MSCI Inc will post 16.86 earnings per share for the current year.

MSCI declared that its board has authorized a stock buyback plan on Tuesday, October 28th that authorizes the company to repurchase $3.00 billion in shares. This repurchase authorization authorizes the technology company to buy up to 7.1% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s leadership believes its shares are undervalued.

MSCI Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, November 28th. Shareholders of record on Friday, November 14th will be paid a $1.80 dividend. This represents a $7.20 annualized dividend and a yield of 1.3%. The ex-dividend date of this dividend is Friday, November 14th. MSCI’s dividend payout ratio is presently 45.63%.

Analyst Ratings Changes

Several research analysts have recently issued reports on the stock. JPMorgan Chase & Co. boosted their price objective on shares of MSCI from $655.00 to $680.00 and gave the stock an “overweight” rating in a report on Wednesday, October 29th. Evercore ISI raised their target price on MSCI from $588.00 to $611.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 14th. Seaport Res Ptn raised shares of MSCI to a “strong-buy” rating in a report on Wednesday, October 1st. Barclays raised their price objective on shares of MSCI from $650.00 to $660.00 and gave the stock an “overweight” rating in a report on Wednesday, October 29th. Finally, Weiss Ratings cut shares of MSCI from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Tuesday. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $655.90.

About MSCI

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.