Mediolanum International Funds Ltd Has $16.11 Million Position in MSCI Inc $MSCI

Mediolanum International Funds Ltd grew its position in MSCI Inc (NYSE:MSCI) by 24.3% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 27,951 shares of the technology company’s stock after purchasing an additional 5,465 shares during the period. Mediolanum International Funds Ltd’s holdings in MSCI were worth $16,111,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in MSCI. Meeder Asset Management Inc. lifted its holdings in MSCI by 136.4% during the first quarter. Meeder Asset Management Inc. now owns 52 shares of the technology company’s stock worth $29,000 after acquiring an additional 30 shares in the last quarter. Steph & Co. acquired a new stake in MSCI during the 2nd quarter worth approximately $35,000. Banque Transatlantique SA lifted its stake in 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 buying an additional 64 shares in the last quarter. Caitong International Asset Management Co. Ltd increased its position in shares of MSCI by 2,666.7% during 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 in the last quarter. Finally, Migdal Insurance & Financial Holdings Ltd. raised its holdings in shares of 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. 89.97% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts have issued reports on MSCI shares. UBS Group lifted their price target on MSCI from $700.00 to $710.00 and gave the company a “buy” rating in a research note on Wednesday, October 29th. JPMorgan Chase & Co. boosted their target price on MSCI from $655.00 to $680.00 and gave the company an “overweight” rating in a research note on Wednesday, October 29th. Raymond James Financial raised MSCI from a “market perform” rating to an “outperform” rating and set a $650.00 price target for the company in a research report on Friday, July 25th. Evercore ISI lifted their price objective on shares of MSCI from $588.00 to $611.00 and gave the company an “outperform” rating in a report on Tuesday, October 14th. Finally, Wells Fargo & Company raised their target price on shares of MSCI from $533.00 to $570.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 29th. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $655.90.

MSCI Trading Up 0.3%

NYSE MSCI opened at $562.03 on Friday. The firm has a market capitalization of $42.23 billion, a P/E ratio of 35.62, a price-to-earnings-growth ratio of 2.76 and a beta of 1.34. The firm’s fifty day moving average price is $562.90 and its two-hundred day moving average price is $563.35. MSCI Inc has a 1 year low of $486.73 and a 1 year high of $642.45.

MSCI (NYSE:MSCI) last released its quarterly earnings data on Tuesday, October 28th. The technology company reported $4.47 earnings per share for the quarter, topping the consensus estimate of $4.37 by $0.10. MSCI had a net margin of 40.03% and a negative return on equity of 110.94%. 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 previous year, the business earned $3.86 EPS. MSCI’s revenue for the quarter was up 9.5% compared to the same quarter last year. On average, research analysts anticipate that MSCI Inc will post 16.86 EPS for the current fiscal year.

MSCI Dividend Announcement

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

MSCI announced that its board has authorized a stock buyback program on Tuesday, October 28th that permits the company to buyback $3.00 billion in shares. This buyback authorization permits the technology company to purchase up to 7.1% of its shares through open market purchases. Shares buyback programs are generally an indication that the company’s management believes its stock is undervalued.

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.