Andra AP fonden Sells 22,500 Shares of MSCI Inc $MSCI

Andra AP fonden decreased its holdings in MSCI Inc (NYSE:MSCI) by 84.3% in the third quarter, Holdings Channel.com reports. The institutional investor owned 4,200 shares of the technology company’s stock after selling 22,500 shares during the period. Andra AP fonden’s holdings in MSCI were worth $2,383,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently made changes to their positions in MSCI. Pinnacle Bancorp Inc. purchased a new position in shares of MSCI during the third quarter valued at approximately $27,000. Root Financial Partners LLC purchased a new stake in MSCI in the third quarter worth approximately $28,000. Strategic Wealth Investment Group LLC bought a new stake in MSCI in the 2nd quarter worth approximately $36,000. Westside Investment Management Inc. grew its position in MSCI by 100.0% in the 3rd quarter. Westside Investment Management Inc. now owns 68 shares of the technology company’s stock worth $38,000 after purchasing an additional 34 shares during the period. Finally, Eastern Bank purchased a new stake in MSCI during the 3rd quarter valued at $50,000. Hedge funds and other institutional investors own 89.97% of the company’s stock.

Insider Buying and Selling

In other news, CEO Henry A. Fernandez acquired 10,210 shares of MSCI stock in a transaction dated Friday, December 5th. The stock was purchased at an average cost of $536.13 per share, with a total value of $5,473,887.30. Following the completion of the purchase, the chief executive officer directly owned 1,487,047 shares in the company, valued at approximately $797,250,508.11. This trade represents a 0.69% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Andrew C. Wiechmann sold 450 shares of the firm’s stock in a transaction on Thursday, December 11th. The shares were sold at an average price of $550.00, for a total transaction of $247,500.00. Following the sale, the chief financial officer owned 21,639 shares in the company, valued at $11,901,450. The trade was a 2.04% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders acquired 19,300 shares of company stock valued at $10,261,957. Company insiders own 3.31% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on MSCI shares. Barclays restated an “overweight” rating on shares of MSCI in a research note on Thursday, January 29th. Royal Bank Of Canada reissued an “outperform” rating and issued a $655.00 target price on shares of MSCI in a report on Thursday, January 29th. Weiss Ratings upgraded MSCI from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday. Evercore upped their price target on shares of MSCI from $655.00 to $690.00 and gave the company an “outperform” rating in a research report on Thursday, January 29th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $715.00 price objective on shares of MSCI in a research note on Thursday, January 29th. Nine analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $671.78.

MSCI Stock Performance

NYSE:MSCI opened at $570.93 on Friday. The stock has a 50-day simple moving average of $572.43 and a two-hundred day simple moving average of $565.38. The firm has a market capitalization of $41.95 billion, a PE ratio of 36.39, a P/E/G ratio of 2.33 and a beta of 1.29. MSCI Inc has a 52-week low of $486.73 and a 52-week high of $626.28.

MSCI (NYSE:MSCI) last posted its quarterly earnings data on Wednesday, January 28th. The technology company reported $4.66 EPS for the quarter, topping the consensus estimate of $4.62 by $0.04. The firm had revenue of $822.53 million for the quarter, compared to the consensus estimate of $819.51 million. MSCI had a negative return on equity of 82.59% and a net margin of 38.36%.The business’s revenue for the quarter was up 10.6% compared to the same quarter last year. During the same quarter last year, the company earned $4.18 earnings per share. Equities analysts forecast that MSCI Inc will post 16.86 earnings per share for the current fiscal year.

MSCI Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, February 27th. Shareholders of record on Friday, February 13th were issued a dividend of $2.05 per share. This is an increase from MSCI’s previous quarterly dividend of $1.80. This represents a $8.20 annualized dividend and a yield of 1.4%. The ex-dividend date of this dividend was Friday, February 13th. MSCI’s payout ratio is presently 52.26%.

MSCI Company Profile

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.