MSCI Inc $MSCI Shares Sold by PensionDanmark Pensionsforsikringsaktieselskab

PensionDanmark Pensionsforsikringsaktieselskab lowered its stake in shares of MSCI Inc (NYSE:MSCI) by 41.0% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 18,825 shares of the technology company’s stock after selling 13,094 shares during the period. PensionDanmark Pensionsforsikringsaktieselskab’s holdings in MSCI were worth $10,543,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Norges Bank acquired a new stake in MSCI during the 4th quarter worth approximately $528,560,000. Bamco Inc. NY increased 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 during the period. Generation Investment Management LLP acquired a new position in shares of MSCI in the fourth quarter valued at approximately $130,380,000. T. Rowe Price Investment Management Inc. raised its stake in shares of MSCI by 13.2% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 1,446,291 shares of the technology company’s stock worth $829,781,000 after purchasing an additional 168,405 shares during the last quarter. Finally, Bank of America Corp DE raised its stake in shares of MSCI by 27.6% during the second quarter. Bank of America Corp DE now owns 724,618 shares of the technology company’s stock worth $417,916,000 after purchasing an additional 156,891 shares during the last quarter. Institutional investors and hedge funds own 89.97% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on MSCI shares. UBS Group set a $615.00 price objective on shares of MSCI in a research report on Wednesday, July 22nd. Evercore set a $722.00 price objective on shares of MSCI in a research report on Wednesday, July 22nd. Royal Bank Of Canada restated an “outperform” rating and issued a $655.00 target price on shares of MSCI in a research note on Wednesday, April 22nd. Jefferies Financial Group started coverage on shares of MSCI in a report on Friday, July 17th. They issued a “buy” rating and a $760.00 target price on the stock. Finally, JPMorgan Chase & Co. boosted their price target on shares of MSCI from $700.00 to $742.00 and gave the stock an “overweight” rating in a research note on Monday, July 20th. One analyst has rated the stock with a Strong Buy rating and eleven have assigned a Buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Buy” and a consensus price target of $709.50.

MSCI Stock Performance

Shares of NYSE MSCI opened at $562.17 on Friday. The firm has a market capitalization of $40.87 billion, a P/E ratio of 30.75, a PEG ratio of 2.16 and a beta of 1.23. MSCI Inc has a one year low of $501.08 and a one year high of $644.77. The company’s fifty day moving average is $592.22 and its two-hundred day moving average is $575.78.

MSCI (NYSE:MSCI) last announced its quarterly 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). MSCI had a net margin of 40.74% and a negative return on equity of 55.19%. The company had revenue of $867.00 million during the quarter, compared to analysts’ expectations of $870.71 million. During the same quarter in the prior year, the business earned $4.17 EPS. The business’s revenue for the quarter was up 12.2% compared to the same quarter last year. On average, sell-side analysts forecast that MSCI Inc will post 19.61 earnings per share for the current fiscal year.

MSCI Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, August 28th. Stockholders of record on Friday, August 14th will be given a dividend of $2.05 per share. This represents a $8.20 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date is Friday, August 14th. MSCI’s dividend payout ratio (DPR) 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.