Y Intercept Hong Kong Ltd Has $2.40 Million Holdings in MSCI Inc $MSCI

Y Intercept Hong Kong Ltd decreased its position in MSCI Inc (NYSE:MSCI) by 53.7% during the 1st quarter, HoldingsChannel.com reports. The firm owned 4,450 shares of the technology company’s stock after selling 5,168 shares during the period. Y Intercept Hong Kong Ltd’s holdings in MSCI were worth $2,399,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the company. Mowery & Schoenfeld Wealth Management LLC boosted its position in shares of MSCI by 341.7% during the fourth quarter. Mowery & Schoenfeld Wealth Management LLC now owns 53 shares of the technology company’s stock worth $30,000 after buying an additional 41 shares during the period. Harvest Fund Management Co. Ltd acquired a new stake in MSCI in the 4th quarter valued at approximately $30,000. Eagle Bay Advisors LLC acquired a new stake in MSCI in the 4th quarter valued at approximately $34,000. Elyxium Wealth LLC bought a new stake in MSCI in the 4th quarter valued at approximately $34,000. Finally, SHP Wealth Management bought a new stake in MSCI in the 4th quarter valued at approximately $36,000. 89.97% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other MSCI news, insider Alvise J. Munari sold 10,000 shares of the stock in a transaction on Friday, April 24th. The shares were 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 owned 23,548 shares in the company, valued at $13,941,357.92. This trade represents a 29.81% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 3.76% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research firms have weighed in on MSCI. Morgan Stanley upped their price target on MSCI from $719.00 to $727.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 22nd. Weiss Ratings lowered shares of MSCI from a “buy (b)” rating to a “buy (b-)” rating in a research report on Monday, June 15th. Wells Fargo & Company upgraded shares of MSCI from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $650.00 to $700.00 in a report on Wednesday, May 27th. Rothschild & Co Redburn set a $690.00 target price on shares of MSCI in a report on Thursday, June 18th. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $655.00 target price on shares of MSCI in a research report 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 stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average target price of $699.73.

MSCI Stock Performance

Shares of NYSE MSCI opened at $603.63 on Thursday. The stock has a 50 day moving average price of $592.77 and a 200 day moving average price of $574.97. MSCI Inc has a 52 week low of $501.08 and a 52 week high of $644.68. The stock has a market capitalization of $43.94 billion, a PE ratio of 34.47, a price-to-earnings-growth ratio of 2.29 and a beta of 1.24.

MSCI (NYSE:MSCI) last posted its quarterly earnings results on Tuesday, April 21st. The technology company reported $4.55 earnings per share for the quarter, topping the consensus estimate of $4.38 by $0.17. MSCI had a negative return on equity of 65.48% and a net margin of 40.74%.The firm had revenue of $850.80 million for the quarter, compared to analyst estimates of $830.91 million. During the same quarter in the previous year, the firm earned $4.00 EPS. The business’s quarterly revenue was up 14.1% on a year-over-year basis. As a group, research analysts forecast that MSCI Inc will post 19.62 EPS for the current year.

MSCI Announces Dividend

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

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.