iA Global Asset Management Inc. Sells 2,945 Shares of MSCI Inc $MSCI

iA Global Asset Management Inc. trimmed its holdings in MSCI Inc (NYSE:MSCI) by 28.9% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 7,238 shares of the technology company’s stock after selling 2,945 shares during the quarter. iA Global Asset Management Inc.’s holdings in MSCI were worth $3,901,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of MSCI. Mowery & Schoenfeld Wealth Management LLC increased its stake in MSCI by 341.7% in the fourth quarter. Mowery & Schoenfeld Wealth Management LLC now owns 53 shares of the technology company’s stock worth $30,000 after purchasing an additional 41 shares during the period. Harvest Fund Management Co. Ltd bought a new position in shares of MSCI in the fourth quarter worth about $30,000. Eagle Bay Advisors LLC purchased a new position in MSCI in the 4th quarter worth about $34,000. Elyxium Wealth LLC purchased a new position in MSCI in the 4th quarter worth about $34,000. Finally, SHP Wealth Management bought a new stake in MSCI during the 4th quarter valued at about $36,000. 89.97% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, insider Alvise J. Munari sold 10,000 shares of the company’s stock in a transaction on Friday, April 24th. The stock was sold at an average price of $592.04, for a total transaction of $5,920,400.00. Following the transaction, the insider directly owned 23,548 shares of the company’s stock, valued at approximately $13,941,357.92. This represents a 29.81% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 3.76% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of equities analysts have commented on MSCI shares. Raymond James Financial restated a “strong-buy” rating and issued a $730.00 target price on shares of MSCI in a research note on Tuesday, April 21st. Rothschild & Co Redburn set a $690.00 price target on MSCI in a report on Thursday, June 18th. UBS Group raised their price objective on MSCI from $710.00 to $720.00 and gave the stock a “buy” rating in a report on Wednesday, April 22nd. Weiss Ratings lowered MSCI from a “buy (b)” rating to a “buy (b-)” rating in a research report on Monday, June 15th. Finally, Morgan Stanley upped their target price on MSCI from $719.00 to $727.00 and gave the stock an “overweight” rating in a report on Wednesday, April 22nd. One investment analyst has rated the stock with a Strong Buy rating and ten have issued a Buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price of $697.00.

MSCI Price Performance

MSCI opened at $582.55 on Thursday. The firm has a market capitalization of $42.41 billion, a PE ratio of 33.27, a price-to-earnings-growth ratio of 2.11 and a beta of 1.25. The business’s 50-day moving average is $591.84 and its two-hundred day moving average is $573.18. MSCI Inc has a 1 year low of $501.08 and a 1 year high of $644.68.

MSCI (NYSE:MSCI) last released its quarterly earnings results on Tuesday, April 21st. The technology company reported $4.55 EPS for the quarter, beating the consensus estimate of $4.38 by $0.17. MSCI had a net margin of 40.74% and a negative return on equity of 65.48%. The business had revenue of $850.80 million during the quarter, compared to analyst estimates of $830.91 million. During the same period in the prior year, the firm posted $4.00 earnings per share. The company’s quarterly revenue was up 14.1% on a year-over-year basis. As a group, sell-side analysts expect that MSCI Inc will post 19.62 EPS for the current year.

MSCI Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, May 29th. Investors of record on Friday, May 15th were given a dividend of $2.05 per share. The ex-dividend date of this dividend was Friday, May 15th. This represents a $8.20 dividend on an annualized basis and a yield of 1.4%. MSCI’s dividend payout ratio is presently 46.83%.

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.