Nisa Investment Advisors LLC Has $12.32 Million Holdings in MSCI Inc $MSCI

Nisa Investment Advisors LLC decreased its position in shares of MSCI Inc (NYSE:MSCI) by 17.9% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 21,710 shares of the technology company’s stock after selling 4,723 shares during the quarter. Nisa Investment Advisors LLC’s holdings in MSCI were worth $12,318,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently modified their holdings of MSCI. PineStone Asset Management Inc. increased its stake in MSCI by 11.9% during the 2nd quarter. PineStone Asset Management Inc. now owns 890,123 shares of the technology company’s stock valued at $513,370,000 after purchasing an additional 94,466 shares in the last quarter. Canoe Financial LP grew its holdings in shares of MSCI by 12.6% during the third quarter. Canoe Financial LP now owns 209,831 shares of the technology company’s stock valued at $119,060,000 after buying an additional 23,500 shares during the last quarter. Katamaran Capital LLP bought a new stake in shares of MSCI during the second quarter worth about $1,806,000. Evelyn Partners Investment Management Services Ltd raised its holdings in shares of 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 worth $2,774,000 after acquiring an additional 3,051 shares during the last quarter. Finally, waypoint wealth counsel bought a new position in MSCI in the 2nd quarter valued at about $355,000. 89.97% of the stock is currently owned by institutional investors.

Insider Activity at MSCI

In related news, CFO Andrew C. Wiechmann sold 450 shares of the firm’s stock in a transaction dated Thursday, December 11th. The shares were sold at an average price of $550.00, for a total transaction of $247,500.00. Following the completion of the sale, the chief financial officer owned 21,639 shares in the company, valued at approximately $11,901,450. This trade represents a 2.04% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, General Counsel Robert J. Gutowski sold 624 shares of MSCI stock in a transaction dated Monday, November 24th. The stock was 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 directly owned 15,945 shares in the company, valued at approximately $8,904,006.90. This represents a 3.77% decrease in their position. The disclosure for this sale is available in the SEC filing. 3.31% of the stock is owned by company insiders.

Analysts Set New Price Targets

MSCI has been the subject of a number of recent research reports. Evercore ISI boosted their price objective on MSCI from $588.00 to $611.00 and gave the stock an “outperform” rating in a report on Tuesday, October 14th. Wells Fargo & Company lifted their target price on MSCI from $533.00 to $570.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 29th. Seaport Res Ptn upgraded MSCI to a “strong-buy” rating in a report on Wednesday, October 1st. JPMorgan Chase & Co. raised their price objective on MSCI from $655.00 to $680.00 and gave the company an “overweight” rating in a research note on Wednesday, October 29th. Finally, UBS Group upped their target price on shares of MSCI from $700.00 to $710.00 and gave the stock a “buy” rating in a research note on Wednesday, October 29th. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $642.63.

MSCI Trading Down 0.0%

Shares of MSCI opened at $581.11 on Friday. The stock has a 50 day moving average of $565.90 and a 200 day moving average of $564.32. The company has a market capitalization of $43.66 billion, a price-to-earnings ratio of 36.83 and a beta of 1.30. MSCI Inc has a 12 month low of $486.73 and a 12 month high of $634.99.

MSCI (NYSE:MSCI) last posted 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. The business had revenue of $793.43 million for the quarter, compared to analysts’ expectations of $794.87 million. MSCI had a negative return on equity of 110.94% and a net margin of 40.03%.The business’s revenue was up 9.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $3.86 earnings per share. As a group, equities research analysts predict that MSCI Inc will post 16.86 earnings per share for the current year.

MSCI declared that its board has approved a stock 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 buy up to 7.1% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s management believes its shares are undervalued.

MSCI Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, November 28th. Investors of record on Friday, November 14th were given a dividend of $1.80 per share. The ex-dividend date was Friday, November 14th. This represents a $7.20 annualized dividend and a yield of 1.2%. MSCI’s dividend payout ratio is presently 45.63%.

About MSCI

MSCI Inc is a global provider of investment decision support tools and services for the financial industry. The company is best known for its family of market indexes, which are widely used as benchmarks by asset managers and as the basis for exchange-traded funds and other passive products. In addition to index construction and licensing, MSCI offers portfolio analytics, risk models, factor and performance attribution tools, and a suite of data and technology solutions designed to support portfolio management and trading.

Beyond traditional indexing and risk analytics, MSCI has expanded into environmental, social and governance (ESG) research and ratings, offering data, scores and screening tools that help investors integrate sustainability considerations into investment processes.