MSCI Inc $MSCI Shares Bought by E. Ohman J or Asset Management AB

E. Ohman J or Asset Management AB raised its stake in MSCI Inc (NYSE:MSCI) by 2.1% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 4,653 shares of the technology company’s stock after purchasing an additional 94 shares during the period. E. Ohman J or Asset Management AB’s holdings in MSCI were worth $2,684,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of MSCI. Menard Financial Group LLC acquired a new stake in MSCI during the fourth quarter valued at approximately $26,000. Olde Wealth Management LLC acquired a new stake in shares of MSCI during the 1st quarter valued at approximately $27,000. Meeder Asset Management Inc. lifted its stake in MSCI by 136.4% during the first quarter. Meeder Asset Management Inc. now owns 52 shares of the technology company’s stock worth $29,000 after purchasing an additional 30 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. lifted its stake in MSCI by 50.0% during the first quarter. Migdal Insurance & Financial Holdings Ltd. now owns 66 shares of the technology company’s stock worth $37,000 after purchasing an additional 22 shares during the last quarter. Finally, HWG Holdings LP acquired a new position in MSCI in the first quarter worth $44,000. Institutional investors own 89.97% of the company’s stock.

Insider Buying and Selling at MSCI

In related news, CEO Henry A. Fernandez purchased 84 shares of the company’s stock in a transaction that occurred on Friday, July 25th. The shares were purchased at an average price of $548.69 per share, with a total value of $46,089.96. Following the purchase, the chief executive officer owned 1,279,951 shares of the company’s stock, valued at $702,296,314.19. This trade represents a 0.01% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at the SEC website. Over the last three months, insiders acquired 12,400 shares of company stock worth $6,731,599. Company insiders own 3.31% of the company’s stock.

MSCI Stock Performance

Shares of MSCI stock opened at $576.73 on Tuesday. The business’s fifty day moving average is $563.61 and its 200-day moving average is $559.06. The stock has a market cap of $44.62 billion, a PE ratio of 38.19, a price-to-earnings-growth ratio of 2.85 and a beta of 1.34. MSCI Inc has a 1 year low of $486.73 and a 1 year high of $642.45.

MSCI (NYSE:MSCI) last posted its quarterly earnings data on Tuesday, July 22nd. The technology company reported $4.17 earnings per share for the quarter, beating the consensus estimate of $4.12 by $0.05. MSCI had a net margin of 39.46% and a negative return on equity of 143.13%. The company had revenue of $772.68 million during the quarter, compared to analyst estimates of $763.06 million. During the same quarter last year, the firm posted $3.64 EPS. The business’s revenue for the quarter was up 9.1% on a year-over-year basis. Equities research analysts predict that MSCI Inc will post 16.86 earnings per share for the current year.

MSCI Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 29th. Stockholders of record on Friday, August 15th were given a dividend of $1.80 per share. This represents a $7.20 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date was Friday, August 15th. MSCI’s dividend payout ratio is 47.68%.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on MSCI. Raymond James Financial upgraded shares of MSCI from a “market perform” rating to an “outperform” rating and set a $650.00 price target on the stock in a research report on Friday, July 25th. JPMorgan Chase & Co. raised their target price on shares of MSCI from $625.00 to $655.00 and gave the stock an “overweight” rating in a report on Wednesday, September 10th. UBS Group upped their target price on MSCI from $655.00 to $700.00 and gave the company a “buy” rating in a report on Tuesday, July 8th. Finally, Wells Fargo & Company dropped their price target on MSCI from $578.00 to $533.00 and set an “equal weight” rating on the stock in a research report on Wednesday, July 23rd. Ten equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $652.45.

About MSCI

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.