Danske Bank A S Buys New Shares in MSCI Inc $MSCI

Danske Bank A S bought a new position in MSCI Inc (NYSE:MSCI) during the third quarter, according to the company in its most recent filing with the SEC. The firm bought 69,203 shares of the technology company’s stock, valued at approximately $39,266,000.

Several other hedge funds have also added to or reduced their stakes in MSCI. Norges Bank bought a new position in shares of MSCI during the second quarter valued at about $547,348,000. Mitsubishi UFJ Asset Management Co. Ltd. lifted its stake in shares of MSCI by 499.3% in the 3rd quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 874,882 shares of the technology company’s stock valued at $496,417,000 after acquiring an additional 728,900 shares during the last quarter. Baillie Gifford & Co. lifted its stake in shares of MSCI by 91.8% in the 3rd quarter. Baillie Gifford & Co. now owns 691,554 shares of the technology company’s stock valued at $392,395,000 after acquiring an additional 331,040 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in MSCI by 36.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,069,180 shares of the technology company’s stock valued at $606,674,000 after acquiring an additional 282,859 shares during the period. Finally, Banque Pictet & Cie SA purchased a new stake in MSCI during the 3rd quarter valued at about $145,986,000. 89.97% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, CEO Henry A. Fernandez acquired 6,000 shares of the stock in a transaction on Friday, February 13th. The stock was acquired at an average price of $524.18 per share, for a total transaction of $3,145,080.00. Following the completion of the purchase, the chief executive officer owned 1,493,047 shares of the company’s stock, valued at $782,625,376.46. This represents a 0.40% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 3.31% of the stock is currently owned by company insiders.

MSCI Price Performance

NYSE:MSCI opened at $556.23 on Thursday. The firm has a market capitalization of $40.87 billion, a P/E ratio of 35.45, a PEG ratio of 2.29 and a beta of 1.29. MSCI Inc has a one year low of $486.73 and a one year high of $626.28. The company’s 50-day simple moving average is $567.09 and its 200 day simple moving average is $564.52.

MSCI (NYSE:MSCI) last announced its earnings results on Wednesday, January 28th. The technology company reported $4.66 earnings per share for the quarter, beating analysts’ consensus estimates of $4.62 by $0.04. MSCI had a net margin of 38.36% and a negative return on equity of 82.59%. The business had revenue of $822.53 million during the quarter, compared to the consensus estimate of $819.51 million. During the same quarter last year, the firm earned $4.18 earnings per share. The business’s revenue for the quarter was up 10.6% on a year-over-year basis. On average, equities research analysts expect that MSCI Inc will post 16.86 earnings per share for the current fiscal year.

MSCI Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 27th. Investors of record on Friday, February 13th were given a dividend of $2.05 per share. This is a boost from MSCI’s previous quarterly dividend of $1.80. The ex-dividend date of this dividend was Friday, February 13th. This represents a $8.20 dividend on an annualized basis and a yield of 1.5%. MSCI’s dividend payout ratio is 52.26%.

Analyst Upgrades and Downgrades

MSCI has been the topic of a number of analyst reports. Bank of America initiated coverage on MSCI in a research note on Tuesday, February 17th. They issued a “buy” rating and a $700.00 price target on the stock. Royal Bank Of Canada reissued an “outperform” rating and set a $655.00 price target on shares of MSCI in a research report on Thursday, January 29th. UBS Group set a $638.00 price objective on shares of MSCI in a research note on Wednesday, January 28th. Raymond James Financial upgraded shares of MSCI from an “outperform” rating to a “strong-buy” rating and set a $710.00 target price for the company in a report on Tuesday. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $715.00 target price on shares of MSCI in a research note on Thursday, January 29th. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $674.00.

MSCI 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.