MSCI Inc $MSCI Shares Bought by JPMorgan Chase & Co.

JPMorgan Chase & Co. raised its position in MSCI Inc (NYSE:MSCI) by 27.7% in the second quarter, Holdings Channel reports. The institutional investor owned 786,321 shares of the technology company’s stock after purchasing an additional 170,551 shares during the period. JPMorgan Chase & Co.’s holdings in MSCI were worth $453,513,000 as of its most recent filing with the SEC.

Several other hedge funds have also modified their holdings of the company. Meeder Asset Management Inc. grew its position in shares of MSCI by 136.4% during the 1st 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 period. Steph & Co. purchased a new position in MSCI during the second quarter worth approximately $35,000. Banque Transatlantique SA grew its holdings 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 purchasing an additional 64 shares during the period. Caitong International Asset Management Co. Ltd grew its holdings in 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 valued at $47,000 after purchasing an additional 80 shares during the period. Finally, Migdal Insurance & Financial Holdings Ltd. increased its position in shares of MSCI by 47.0% in the second quarter. Migdal Insurance & Financial Holdings Ltd. now owns 97 shares of the technology company’s stock valued at $56,000 after buying an additional 31 shares in the last quarter. 89.97% of the stock is owned by hedge funds and other institutional investors.

MSCI Stock Up 0.3%

MSCI stock opened at $562.03 on Monday. The company has a fifty day simple moving average of $562.90 and a 200-day simple moving average of $563.55. The firm has a market capitalization of $42.23 billion, a price-to-earnings ratio of 35.62, a PEG ratio of 2.76 and a beta of 1.34. MSCI Inc has a 52-week low of $486.73 and a 52-week high of $642.45.

MSCI (NYSE:MSCI) last posted its quarterly earnings results on Tuesday, October 28th. The technology company reported $4.47 earnings per share for the quarter, topping 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 analyst estimates of $794.87 million. During the same period in the previous year, the business posted $3.86 earnings per share. MSCI’s quarterly revenue was up 9.5% on a year-over-year basis. On average, research analysts anticipate that MSCI Inc will post 16.86 EPS for the current fiscal year.

MSCI Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, November 28th. Investors of record on Friday, November 14th will be issued a $1.80 dividend. This represents a $7.20 annualized dividend and a dividend yield of 1.3%. The ex-dividend date of this dividend is Friday, November 14th. MSCI’s dividend payout ratio (DPR) is currently 45.63%.

MSCI declared that its board has authorized a share buyback program on Tuesday, October 28th that authorizes the company to buyback $3.00 billion in outstanding shares. This buyback authorization authorizes the technology company to reacquire up to 7.1% of its shares through open market purchases. Shares buyback programs are usually a sign that the company’s board believes its stock is undervalued.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on MSCI shares. JPMorgan Chase & Co. lifted their price target on shares of MSCI from $655.00 to $680.00 and gave the company an “overweight” rating in a research note on Wednesday, October 29th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of MSCI in a report on Wednesday. Barclays lifted their target price on shares of MSCI from $650.00 to $660.00 and gave the company an “overweight” rating in a research report on Wednesday, October 29th. Evercore ISI upped their price target on shares of MSCI from $588.00 to $611.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 14th. Finally, UBS Group raised their price target on shares of MSCI from $700.00 to $710.00 and gave the company a “buy” rating in a research note on Wednesday, October 29th. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $655.90.

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.