UBS Group AG Raises Stock Position in MSCI Inc. (NYSE:MSCI)

UBS Group AG increased its stake in MSCI Inc. (NYSE:MSCI) by 50.1% in the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 179,175 shares of the technology company’s stock after acquiring an additional 59,785 shares during the quarter. UBS Group AG’s holdings in MSCI were worth $75,125,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of MSCI. Norges Bank purchased a new stake in shares of MSCI during the fourth quarter worth $351,057,000. FMR LLC grew its holdings in shares of MSCI by 10.8% during the fourth quarter. FMR LLC now owns 3,696,137 shares of the technology company’s stock worth $1,650,435,000 after buying an additional 359,793 shares in the last quarter. BlackRock Inc. grew its holdings in shares of MSCI by 4.9% during the first quarter. BlackRock Inc. now owns 6,726,412 shares of the technology company’s stock worth $2,820,249,000 after buying an additional 315,551 shares in the last quarter. Swedbank purchased a new stake in shares of MSCI during the fourth quarter worth $133,167,000. Finally, Sustainable Growth Advisers LP grew its holdings in shares of MSCI by 47.6% during the first quarter. Sustainable Growth Advisers LP now owns 715,750 shares of the technology company’s stock worth $300,100,000 after buying an additional 230,912 shares in the last quarter. 89.92% of the stock is owned by institutional investors.

NYSE MSCI opened at $476.46 on Friday. The firm has a 50-day moving average of $465.96. MSCI Inc. has a 12 month low of $299.09 and a 12 month high of $495.16. The firm has a market capitalization of $39.27 billion, a PE ratio of 61.48 and a beta of 0.96.

MSCI (NYSE:MSCI) last posted its earnings results on Tuesday, April 27th. The technology company reported $2.46 EPS for the quarter, beating the Zacks’ consensus estimate of $2.25 by $0.21. MSCI had a net margin of 37.02% and a negative return on equity of 173.63%. The company had revenue of $478.40 million for the quarter, compared to analysts’ expectations of $470.34 million. During the same quarter in the prior year, the company posted $1.90 earnings per share. MSCI’s revenue for the quarter was up 14.8% compared to the same quarter last year. On average, sell-side analysts expect that MSCI Inc. will post 9.6 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Friday, May 28th. Shareholders of record on Friday, May 14th were given a $0.78 dividend. The ex-dividend date of this dividend was Thursday, May 13th. This represents a $3.12 dividend on an annualized basis and a yield of 0.65%. MSCI’s payout ratio is currently 39.85%.

A number of equities research analysts have recently issued reports on MSCI shares. Zacks Investment Research lowered shares of MSCI from a “buy” rating to a “hold” rating and set a $511.00 target price for the company. in a report on Tuesday, May 4th. Oppenheimer boosted their price target on shares of MSCI from $493.00 to $533.00 and gave the company an “outperform” rating in a research report on Wednesday, April 28th. Deutsche Bank Aktiengesellschaft boosted their price target on shares of MSCI from $475.00 to $525.00 and gave the company a “buy” rating in a research report on Wednesday, April 28th. Finally, Morgan Stanley boosted their price target on shares of MSCI from $448.00 to $473.00 and gave the company an “equal weight” rating in a research report on Wednesday, April 28th. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. MSCI presently has an average rating of “Buy” and an average target price of $499.43.

In other MSCI news, COO Cd Baer Pettit sold 2,500 shares of the company’s stock in a transaction dated Tuesday, May 4th. The shares were sold at an average price of $484.11, for a total value of $1,210,275.00. Following the transaction, the chief operating officer now owns 259,380 shares of the company’s stock, valued at $125,568,451.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 2.93% of the company’s stock.

About MSCI

MSCI Inc, together with its subsidiaries, provides investment decision support tools for the clients to manage their investment processes worldwide. The company operates through Index, Analytics, and All Other segments. The Index segment primarily provides indexes for use in various areas of the investment process, including indexed product creation, such as ETFs, mutual funds, annuities, futures, options, structured products, over-the-counter derivatives; performance benchmarking; portfolio construction and rebalancing; and asset allocation, as well as licenses GICS and GICS Direct.

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Institutional Ownership by Quarter for MSCI (NYSE:MSCI)

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