MSCI Inc $MSCI Shares Sold by PensionDanmark Pensionsforsikringsaktieselskab

PensionDanmark Pensionsforsikringsaktieselskab trimmed its position in shares of MSCI Inc (NYSE:MSCI) by 41.0% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 18,825 shares of the technology company’s stock after selling 13,094 shares during the quarter. PensionDanmark Pensionsforsikringsaktieselskab’s holdings in MSCI were worth $10,543,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of MSCI. Norges Bank acquired a new stake in shares of MSCI during the fourth quarter worth about $528,560,000. Bamco Inc. NY grew its holdings in shares of MSCI by 15.1% in the fourth quarter. Bamco Inc. NY now owns 2,755,747 shares of the technology company’s stock valued at $1,581,055,000 after purchasing an additional 361,630 shares in the last quarter. Generation Investment Management LLP purchased a new stake in MSCI during the 4th quarter worth approximately $130,380,000. T. Rowe Price Investment Management Inc. increased its stake in MSCI by 13.2% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 1,446,291 shares of the technology company’s stock worth $829,781,000 after buying an additional 168,405 shares during the period. Finally, Bank of America Corp DE lifted its holdings in MSCI by 27.6% during the 2nd quarter. Bank of America Corp DE now owns 724,618 shares of the technology company’s stock worth $417,916,000 after buying an additional 156,891 shares in the last quarter. 89.97% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages have commented on MSCI. Royal Bank Of Canada reissued an “outperform” rating and issued a $655.00 price target on shares of MSCI in a research report on Wednesday, April 22nd. Jefferies Financial Group initiated coverage on MSCI in a research note on Friday, July 17th. They issued a “buy” rating and a $760.00 price objective on the stock. Raymond James Financial lifted their target price on MSCI from $730.00 to $760.00 and gave the company a “strong-buy” rating in a report on Wednesday, July 8th. JPMorgan Chase & Co. boosted their target price on MSCI from $700.00 to $742.00 and gave the stock an “overweight” rating in a research note on Monday, July 20th. Finally, Weiss Ratings downgraded MSCI from a “buy (b)” rating to a “buy (b-)” rating in a report on Thursday, July 30th. One equities research analyst has rated the stock with a Strong Buy rating and eleven have given a Buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Buy” and an average price target of $709.50.

MSCI Stock Performance

MSCI opened at $562.17 on Friday. MSCI Inc has a one year low of $501.08 and a one year high of $644.77. The stock has a market capitalization of $40.87 billion, a P/E ratio of 30.75, a price-to-earnings-growth ratio of 2.16 and a beta of 1.23. The business’s 50-day simple moving average is $592.22 and its 200-day simple moving average is $575.78.

MSCI (NYSE:MSCI) last announced its earnings results on Tuesday, July 21st. The technology company reported $4.94 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.99 by ($0.05). The firm had revenue of $867.00 million during the quarter, compared to analyst estimates of $870.71 million. MSCI had a net margin of 40.74% and a negative return on equity of 55.19%. The firm’s revenue for the quarter was up 12.2% compared to the same quarter last year. During the same period last year, the company earned $4.17 earnings per share. On average, equities research analysts forecast that MSCI Inc will post 19.61 EPS for the current fiscal year.

MSCI Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 28th. Stockholders of record on Friday, August 14th will be issued a $2.05 dividend. This represents a $8.20 annualized dividend and a dividend yield of 1.5%. The ex-dividend date of this dividend is Friday, August 14th. MSCI’s dividend payout ratio is presently 44.86%.

MSCI Company 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.