Mediolanum International Funds Ltd Has $16.11 Million Stake in MSCI Inc $MSCI

by · The Cerbat Gem

Mediolanum International Funds Ltd raised its holdings in MSCI Inc (NYSE:MSCI – Free Report) by 24.3% in the second quarter, HoldingsChannel.com reports. The firm owned 27,951 shares of the technology company’s stock after purchasing an additional 5,465 shares during the quarter. Mediolanum International Funds Ltd’s holdings in MSCI were worth $16,111,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in MSCI. Meeder Asset Management Inc. boosted its stake in shares of MSCI by 136.4% in the first quarter. Meeder Asset Management Inc. now owns 52 shares of the technology company’s stock valued at $29,000 after buying an additional 30 shares during the period. Steph & Co. bought a new position in shares of MSCI in the second quarter worth $35,000. Banque Transatlantique SA raised its position in shares of MSCI by 355.6% in 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 raised its position in MSCI by 2,666.7% during the first quarter. Caitong International Asset Management Co. Ltd now owns 83 shares of the technology company’s stock valued at $47,000 after purchasing an additional 80 shares in the last quarter. Finally, Migdal Insurance & Financial Holdings Ltd. raised its holdings in shares of MSCI by 47.0% during the 2nd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 97 shares of the technology company’s stock worth $56,000 after buying an additional 31 shares in the last quarter. 89.97% of the stock is owned by institutional investors.

MSCI Stock Up 0.3%

Shares of NYSE MSCI opened at $562.03 on Friday. The company has a market capitalization of $42.23 billion, a PE ratio of 35.62, a P/E/G ratio of 2.76 and a beta of 1.34. The firm has a fifty day simple moving average of $562.90 and a 200 day simple moving average of $563.35. MSCI Inc has a twelve month low of $486.73 and a twelve month high of $642.45.

MSCI (NYSE:MSCI – Get Free Report) last issued its quarterly earnings results on Tuesday, October 28th. The technology company reported $4.47 earnings per share for the quarter, topping analysts’ consensus estimates of $4.37 by $0.10. The firm had revenue of $793.43 million during the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same period last year, the business posted $3.86 EPS. As a group, equities analysts expect that MSCI Inc will post 16.86 earnings per share for the current fiscal year.

MSCI declared that its Board of Directors has initiated a stock buyback program on Tuesday, October 28th that authorizes the company to buyback $3.00 billion in outstanding shares. This buyback authorization authorizes the technology company to purchase up to 7.1% of its shares through open market purchases. Shares buyback programs are typically an indication that the company’s leadership believes its shares are undervalued.

MSCI Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 28th. Stockholders of record on Friday, November 14th will be given a dividend of $1.80 per share. The ex-dividend date of this dividend is Friday, November 14th. This represents a $7.20 annualized dividend and a dividend yield of 1.3%. MSCI’s dividend payout ratio (DPR) is 45.63%.

Analyst Ratings Changes

Several research analysts have commented on MSCI shares. JPMorgan Chase & Co. boosted their target price on MSCI from $655.00 to $680.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 29th. Barclays upped their price objective on shares of MSCI from $650.00 to $660.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 29th. UBS Group raised their target price on shares of MSCI from $700.00 to $710.00 and gave the company a “buy” rating in a research report on Wednesday, October 29th. Seaport Res Ptn raised shares of MSCI to a “strong-buy” rating in a research note on Wednesday, October 1st. Finally, Wells Fargo & Company increased their price target on MSCI from $533.00 to $570.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 29th. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, MSCI has a consensus rating of “Moderate Buy” and an average price target of $655.90.

Check Out Our Latest Stock Analysis on MSCI

MSCI Company Profile

(Free Report)

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.

See Also

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