MSCI Inc $MSCI Shares Sold by Ownership Capital B.V.

Ownership Capital B.V. lowered its stake in shares of MSCI Inc (NYSE:MSCI) by 89.3% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 14,321 shares of the technology company’s stock after selling 119,645 shares during the quarter. MSCI makes up about 4.6% of Ownership Capital B.V.’s holdings, making the stock its 13th biggest position. Ownership Capital B.V.’s holdings in MSCI were worth $8,126,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of MSCI. Pinnacle Bancorp Inc. purchased a new position in shares of MSCI during the third quarter worth about $27,000. Root Financial Partners LLC acquired a new stake in shares of MSCI in the 3rd quarter valued at about $28,000. Strategic Wealth Investment Group LLC purchased a new position in MSCI during the 2nd quarter worth approximately $36,000. Eastern Bank purchased a new position in MSCI during the 3rd quarter worth approximately $50,000. Finally, Migdal Insurance & Financial Holdings Ltd. grew its position in shares of MSCI by 47.0% during the second quarter. Migdal Insurance & Financial Holdings Ltd. now owns 97 shares of the technology company’s stock worth $56,000 after acquiring an additional 31 shares during the last quarter. 89.97% of the stock is currently owned by institutional investors and hedge funds.

MSCI Price Performance

MSCI stock opened at $594.58 on Tuesday. MSCI Inc has a 1-year low of $486.73 and a 1-year high of $634.99. The company has a market cap of $44.68 billion, a PE ratio of 37.68, a price-to-earnings-growth ratio of 2.52 and a beta of 1.30. The stock’s 50 day moving average price is $569.75 and its 200 day moving average price is $565.16.

MSCI (NYSE:MSCI) last released its quarterly earnings data on Tuesday, October 28th. The technology company reported $4.47 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.37 by $0.10. MSCI had a negative return on equity of 110.94% and a net margin of 40.03%.The firm had revenue of $793.43 million during the quarter, compared to analysts’ expectations of $794.87 million. During the same quarter in the prior year, the business posted $3.86 earnings per share. MSCI’s revenue was up 9.5% compared to the same quarter last year. On average, equities research analysts anticipate that MSCI Inc will post 16.86 EPS for the current fiscal year.

MSCI announced that its board has authorized a stock buyback plan on Tuesday, October 28th that permits the company to repurchase $3.00 billion in outstanding shares. This repurchase authorization permits the technology company to reacquire up to 7.1% of its shares through open market purchases. Shares repurchase plans are typically a sign that the company’s board believes its shares are undervalued.

Wall Street Analysts Forecast Growth

Several analysts recently commented on MSCI shares. UBS Group upped their price target 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. JPMorgan Chase & Co. upped their target price on shares of MSCI from $655.00 to $680.00 and gave the company an “overweight” rating in a report on Wednesday, October 29th. Weiss Ratings raised MSCI from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, January 16th. Barclays boosted their price target on MSCI from $650.00 to $660.00 and gave the company an “overweight” rating in a research report on Wednesday, October 29th. Finally, Wells Fargo & Company lifted their price objective on shares of MSCI from $570.00 to $590.00 and gave the company an “equal weight” rating in a research report on Wednesday, January 14th. Seven equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat, MSCI presently has a consensus rating of “Moderate Buy” and a consensus target price of $650.13.

Insider Activity

In other news, General Counsel Robert J. Gutowski sold 624 shares of the business’s stock in a transaction that occurred on Monday, November 24th. The stock was sold at an average price of $558.42, for a total transaction of $348,454.08. Following the sale, the general counsel owned 15,945 shares of the company’s stock, valued at $8,904,006.90. The trade was a 3.77% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Andrew C. Wiechmann sold 450 shares of the company’s stock in a transaction that occurred on Thursday, December 11th. The stock was sold at an average price of $550.00, for a total value of $247,500.00. Following the completion of the sale, the chief financial officer owned 21,639 shares in the company, valued at approximately $11,901,450. This represents a 2.04% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 3.31% of the company’s stock.

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.