DekaBank Deutsche Girozentrale Sells 9,204 Shares of MSCI Inc $MSCI

DekaBank Deutsche Girozentrale cut its position in MSCI Inc (NYSE:MSCI) by 14.2% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 55,423 shares of the technology company’s stock after selling 9,204 shares during the period. DekaBank Deutsche Girozentrale owned about 0.07% of MSCI worth $32,199,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. GAMMA Investing LLC raised its stake in MSCI by 8.4% during the 1st quarter. GAMMA Investing LLC now owns 894 shares of the technology company’s stock worth $506,000 after buying an additional 69 shares during the period. Wealth Enhancement Advisory Services LLC increased its holdings in shares of MSCI by 105.4% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 13,762 shares of the technology company’s stock worth $7,783,000 after acquiring an additional 7,063 shares in the last quarter. Janney Montgomery Scott LLC raised its position in shares of MSCI by 31.3% during the first quarter. Janney Montgomery Scott LLC now owns 3,759 shares of the technology company’s stock worth $2,126,000 after purchasing an additional 897 shares during the period. Kentucky Retirement Systems Insurance Trust Fund acquired a new stake in shares of MSCI during the first quarter worth about $1,250,000. Finally, Asset Management One Co. Ltd. lifted its holdings in shares of MSCI by 8.3% during the 1st quarter. Asset Management One Co. Ltd. now owns 33,010 shares of the technology company’s stock valued at $18,667,000 after purchasing an additional 2,522 shares in the last quarter. Institutional investors and hedge funds own 89.97% of the company’s stock.

Insider Activity at MSCI

In related news, CEO Henry A. Fernandez acquired 9,916 shares of the firm’s stock in a transaction dated Thursday, July 24th. The stock was bought at an average price of $544.70 per share, for a total transaction of $5,401,245.20. Following the acquisition, the chief executive officer directly owned 1,279,867 shares of the company’s stock, valued at approximately $697,143,554.90. The trade was a 0.78% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In the last three months, insiders have bought 12,400 shares of company stock worth $6,731,599. Corporate insiders own 3.31% of the company’s stock.

MSCI Stock Up 0.7%

Shares of MSCI stock opened at $540.60 on Wednesday. MSCI Inc has a 12 month low of $486.73 and a 12 month high of $642.45. The company’s fifty day simple moving average is $562.55 and its 200-day simple moving average is $558.62. The firm has a market cap of $41.82 billion, a PE ratio of 35.80, a P/E/G ratio of 2.62 and a beta of 1.33.

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

Analyst Ratings Changes

MSCI has been the subject of a number of research reports. Evercore ISI increased their target price on MSCI from $588.00 to $611.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 14th. Seaport Res Ptn upgraded shares of MSCI to a “strong-buy” rating in a report on Wednesday, October 1st. JPMorgan Chase & Co. increased their price objective on shares of MSCI from $625.00 to $655.00 and gave the stock an “overweight” rating in a research report on Wednesday, September 10th. Raymond James Financial raised shares of MSCI from a “market perform” rating to an “outperform” rating and set a $650.00 price objective on the stock in a research report on Friday, July 25th. Finally, Wells Fargo & Company lowered their target price on MSCI from $578.00 to $533.00 and set an “equal weight” rating for the company in a report on Wednesday, July 23rd. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $647.70.

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.