Migdal Insurance & Financial Holdings Ltd. Has $56,000 Stake in MSCI Inc $MSCI

Migdal Insurance & Financial Holdings Ltd. lifted its stake in shares of MSCI Inc (NYSE:MSCI) by 47.0% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 97 shares of the technology company’s stock after purchasing an additional 31 shares during the period. Migdal Insurance & Financial Holdings Ltd.’s holdings in MSCI were worth $56,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of MSCI. Olde Wealth Management LLC acquired a new position in shares of MSCI during the first quarter worth approximately $27,000. Meeder Asset Management Inc. lifted its position in shares of 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 in the last quarter. Steph & Co. acquired a new position in shares of MSCI during the second quarter worth approximately $35,000. Banque Transatlantique SA lifted its position in shares of MSCI by 355.6% during the first quarter. Banque Transatlantique SA now owns 82 shares of the technology company’s stock worth $43,000 after purchasing an additional 64 shares in the last quarter. Finally, Caitong International Asset Management Co. Ltd lifted its position in shares of MSCI by 2,666.7% during the first quarter. Caitong International Asset Management Co. Ltd now owns 83 shares of the technology company’s stock worth $47,000 after purchasing an additional 80 shares in the last quarter. 89.97% of the stock is currently owned by institutional investors and hedge funds.

MSCI Price Performance

MSCI opened at $566.70 on Thursday. The firm has a 50 day simple moving average of $561.25 and a 200 day simple moving average of $559.99. The company has a market cap of $43.84 billion, a price-to-earnings ratio of 35.91, a price-to-earnings-growth ratio of 2.89 and a beta of 1.33. MSCI Inc has a fifty-two week low of $486.73 and a fifty-two week high of $642.45.

MSCI (NYSE:MSCI) last posted its earnings results on Tuesday, October 28th. The technology company reported $4.47 earnings per share for the quarter, topping the consensus estimate of $4.37 by $0.10. The company had revenue of $793.43 million for the quarter, compared to analyst estimates of $794.87 million. MSCI had a net margin of 40.03% and a negative return on equity of 110.94%. The business’s revenue for the quarter was up 9.5% compared to the same quarter last year. During the same period last year, the business posted $3.86 earnings per share. As a group, analysts expect that MSCI Inc will post 16.86 EPS for the current year.

MSCI announced that its Board of Directors has initiated a stock buyback program on Tuesday, October 28th that authorizes the company to buyback $3.00 billion in shares. This buyback authorization authorizes the technology company to buy up to 7.1% of its shares through open market purchases. Shares buyback programs are usually a sign that the company’s leadership believes its shares are undervalued.

MSCI Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 28th. Stockholders of record on Friday, November 14th will be given a dividend of $1.80 per share. The ex-dividend date of this dividend is Friday, November 14th. This represents a $7.20 annualized dividend and a dividend yield of 1.3%. MSCI’s dividend payout ratio is currently 47.68%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on MSCI shares. UBS Group upped their target price on shares of MSCI from $700.00 to $710.00 and gave the stock a “buy” rating in a research report on Wednesday. Seaport Res Ptn upgraded shares of MSCI to a “strong-buy” rating in a research report on Wednesday, October 1st. JPMorgan Chase & Co. boosted their price target on shares of MSCI from $655.00 to $680.00 and gave the stock an “overweight” rating in a research note on Wednesday. Evercore ISI boosted their price target on shares of MSCI from $588.00 to $611.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 14th. Finally, Wells Fargo & Company boosted their price target on shares of MSCI from $533.00 to $570.00 and gave the stock an “equal weight” rating in a research note on Wednesday. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $655.90.

MSCI Profile

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.