Swedbank AB Sells 110,674 Shares of MSCI Inc $MSCI

Swedbank AB lessened its position in MSCI Inc (NYSE:MSCI) by 91.1% during the 1st quarter, Holdings Channel reports. The firm owned 10,817 shares of the technology company’s stock after selling 110,674 shares during the quarter. Swedbank AB’s holdings in MSCI were worth $5,830,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in MSCI. PICTET BANK & TRUST Ltd raised its position in MSCI by 116.8% in the 4th quarter. PICTET BANK & TRUST Ltd now owns 5,150 shares of the technology company’s stock worth $2,955,000 after purchasing an additional 2,775 shares during the last quarter. Norges Bank bought a new position in MSCI in the 4th quarter valued at $528,560,000. SBI Okasan Asset Management Co.Ltd. acquired a new stake in shares of MSCI in the 4th quarter valued at $1,406,000. Carolina Wealth Advisors LLC acquired a new stake in shares of MSCI in the 4th quarter valued at $1,302,000. Finally, Bank Pictet & Cie Europe AG raised its position in shares of MSCI by 70.2% during the fourth quarter. Bank Pictet & Cie Europe AG now owns 26,665 shares of the technology company’s stock worth $15,299,000 after acquiring an additional 11,000 shares during the last quarter. Institutional investors own 89.97% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on MSCI shares. Bank of America upped their price target on MSCI from $715.00 to $730.00 and gave the company a “buy” rating in a research note on Friday. Barclays lifted their price objective on MSCI from $700.00 to $735.00 and gave the stock an “overweight” rating in a research report on Friday. Rothschild & Co Redburn set a $690.00 price objective on MSCI in a report on Thursday, June 18th. Raymond James Financial upped their target price on shares of MSCI from $730.00 to $760.00 and gave the company a “strong-buy” rating in a research report on Wednesday. Finally, UBS Group raised their target price on shares of MSCI from $710.00 to $720.00 and gave the company a “buy” rating in a research note on Wednesday, April 22nd. One equities research analyst has rated the stock with a Strong Buy rating and ten have issued a Buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Buy” and a consensus price target of $709.27.

MSCI Trading Up 0.0%

Shares of NYSE:MSCI traded up $0.08 during midday trading on Friday, hitting $603.43. The company had a trading volume of 267,745 shares, compared to its average volume of 683,532. MSCI Inc has a 12 month low of $501.08 and a 12 month high of $644.68. The stock has a market cap of $43.93 billion, a price-to-earnings ratio of 34.46, a PEG ratio of 2.26 and a beta of 1.24. The firm has a fifty day simple moving average of $593.04 and a 200 day simple moving average of $575.41.

MSCI (NYSE:MSCI) last released its quarterly earnings data on Tuesday, April 21st. The technology company reported $4.55 EPS for the quarter, beating analysts’ consensus estimates of $4.38 by $0.17. MSCI had a negative return on equity of 65.48% and a net margin of 40.74%.The business had revenue of $850.80 million during the quarter, compared to the consensus estimate of $830.91 million. During the same quarter in the prior year, the company posted $4.00 earnings per share. The firm’s revenue was up 14.1% on a year-over-year basis. Equities analysts forecast that MSCI Inc will post 19.74 EPS for the current fiscal year.

MSCI Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, May 29th. Stockholders of record on Friday, May 15th were given a dividend of $2.05 per share. This represents a $8.20 annualized dividend and a dividend yield of 1.4%. The ex-dividend date was Friday, May 15th. MSCI’s payout ratio is presently 46.83%.

Insider Activity at MSCI

In other news, insider Alvise J. Munari sold 10,000 shares of the company’s stock in a transaction dated Friday, April 24th. The stock was sold at an average price of $592.04, for a total value of $5,920,400.00. Following the completion of the sale, the insider directly owned 23,548 shares of the company’s stock, valued at $13,941,357.92. This represents a 29.81% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 3.76% of the stock is currently owned by company insiders.

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.