Federated Hermes Inc. Has $51.61 Million Stake in MSCI Inc $MSCI

Federated Hermes Inc. reduced its stake in MSCI Inc (NYSE:MSCI) by 5.8% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 89,492 shares of the technology company’s stock after selling 5,508 shares during the quarter. Federated Hermes Inc. owned approximately 0.12% of MSCI worth $51,614,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Steph & Co. purchased a new position in MSCI in the second quarter worth $35,000. Banque Transatlantique SA lifted its stake in shares of MSCI by 355.6% during the 1st quarter. Banque Transatlantique SA now owns 82 shares of the technology company’s stock valued at $43,000 after buying an additional 64 shares in the last quarter. Caitong International Asset Management Co. Ltd boosted its holdings in shares of 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 worth $47,000 after acquiring an additional 80 shares during the period. Migdal Insurance & Financial Holdings Ltd. grew its holdings in MSCI by 47.0% during the 2nd 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. Finally, Elevation Point Wealth Partners LLC bought a new stake in MSCI during the 2nd quarter worth approximately $61,000. Institutional investors own 89.97% of the company’s stock.

Insider Buying and Selling at MSCI

In related news, General Counsel Robert J. Gutowski sold 624 shares of the business’s stock in a transaction on Monday, November 24th. The shares were sold at an average price of $558.42, for a total value of $348,454.08. Following the sale, the general counsel owned 15,945 shares in the company, valued at approximately $8,904,006.90. The trade was a 3.77% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 3.31% of the company’s stock.

Analyst Ratings Changes

Several analysts have weighed in on the company. Barclays raised their price target on MSCI from $650.00 to $660.00 and gave the company an “overweight” rating in a report on Wednesday, October 29th. Wells Fargo & Company lifted their price objective on MSCI from $533.00 to $570.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 29th. Seaport Res Ptn raised shares of MSCI to a “strong-buy” rating in a research report on Wednesday, October 1st. Weiss Ratings reiterated a “hold (c+)” rating on shares of MSCI in a research report on Monday, December 1st. Finally, UBS Group raised their price objective on shares of MSCI from $700.00 to $710.00 and gave the stock a “buy” rating in a report on Wednesday, October 29th. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $655.90.

MSCI Stock Down 0.3%

NYSE:MSCI opened at $536.68 on Tuesday. The business’s 50-day simple moving average is $559.53 and its two-hundred day simple moving average is $562.47. MSCI Inc has a 52 week low of $486.73 and a 52 week high of $642.45. The stock has a market cap of $40.33 billion, a PE ratio of 34.01 and a beta of 1.32.

MSCI (NYSE:MSCI) last announced its quarterly earnings data on Tuesday, October 28th. The technology company reported $4.47 earnings per share (EPS) for the quarter, beating 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 business had revenue of $793.43 million during the quarter, compared to analyst estimates of $794.87 million. During the same period last year, the firm posted $3.86 EPS. The company’s revenue was up 9.5% on a year-over-year basis. Sell-side analysts anticipate that MSCI Inc will post 16.86 earnings per share for the current fiscal year.

MSCI declared that its board has approved a stock buyback plan on Tuesday, October 28th that allows the company to buyback $3.00 billion in shares. This buyback authorization allows the technology company to reacquire up to 7.1% of its stock through open market purchases. Stock buyback plans are usually a sign that the company’s leadership believes its shares are undervalued.

MSCI Announces Dividend

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

MSCI Company 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.