Hsbc Holdings PLC Has $186.69 Million Stake in MSCI Inc $MSCI

Hsbc Holdings PLC increased its holdings in shares of MSCI Inc (NYSE:MSCI) by 12.9% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 324,312 shares of the technology company’s stock after acquiring an additional 37,116 shares during the quarter. Hsbc Holdings PLC owned about 0.42% of MSCI worth $186,691,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Katamaran Capital LLP bought a new stake in shares of MSCI during the 2nd quarter worth about $1,806,000. Evelyn Partners Investment Management Services Ltd raised its holdings in MSCI by 158.9% in the 2nd quarter. Evelyn Partners Investment Management Services Ltd now owns 4,971 shares of the technology company’s stock valued at $2,774,000 after acquiring an additional 3,051 shares during the period. waypoint wealth counsel acquired a new stake in MSCI during the second quarter worth approximately $355,000. Mirae Asset Global Investments Co. Ltd. boosted its holdings in shares of MSCI by 10.0% during the second quarter. Mirae Asset Global Investments Co. Ltd. now owns 8,882 shares of the technology company’s stock worth $5,123,000 after acquiring an additional 809 shares during the period. Finally, IFP Advisors Inc grew its position in shares of MSCI by 26.8% in the second quarter. IFP Advisors Inc now owns 2,785 shares of the technology company’s stock valued at $1,607,000 after purchasing an additional 588 shares during the last quarter. Institutional investors own 89.97% of the company’s stock.

Insider Activity at MSCI

In other news, General Counsel Robert J. Gutowski sold 624 shares of the company’s stock in a transaction that occurred 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 completion of the sale, the general counsel owned 15,945 shares of the company’s stock, valued at approximately $8,904,006.90. This represents a 3.77% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 3.31% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on MSCI shares. Wells Fargo & Company increased their target price on MSCI from $533.00 to $570.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 29th. UBS Group upped their price objective on MSCI from $700.00 to $710.00 and gave the company a “buy” rating in a report on Wednesday, October 29th. Evercore ISI increased their price objective on MSCI from $588.00 to $611.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 14th. Weiss Ratings cut shares of MSCI from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday. Finally, Barclays upped their price target on shares of MSCI from $650.00 to $660.00 and gave the company an “overweight” rating in a research note on Wednesday, October 29th. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and four have given a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $655.90.

MSCI Price Performance

Shares of NYSE MSCI opened at $560.60 on Friday. The business has a fifty day moving average price of $562.25 and a two-hundred day moving average price of $563.52. The stock has a market capitalization of $42.12 billion, a PE ratio of 35.53, a P/E/G ratio of 2.76 and a beta of 1.34. MSCI Inc has a fifty-two week low of $486.73 and a fifty-two week high of $642.45.

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

MSCI declared that its Board of Directors has initiated a share repurchase plan on Tuesday, October 28th that permits the company to repurchase $3.00 billion in outstanding shares. This repurchase authorization permits the technology company to repurchase up to 7.1% of its shares through open market purchases. Shares repurchase plans are typically a sign that the company’s board of directors believes its stock is undervalued.

MSCI Dividend Announcement

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

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.