Creative Planning Buys 144 Shares of MSCI Inc $MSCI

Creative Planning grew its position in MSCI Inc (NYSE:MSCI) by 1.1% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 13,043 shares of the technology company’s stock after buying an additional 144 shares during the period. Creative Planning’s holdings in MSCI were worth $7,522,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Meeder Asset Management Inc. lifted its position in MSCI by 136.4% during the first quarter. Meeder Asset Management Inc. now owns 52 shares of the technology company’s stock valued at $29,000 after acquiring an additional 30 shares during the last quarter. Steph & Co. acquired a new position in shares of MSCI during the second quarter worth $35,000. Banque Transatlantique SA raised its stake in MSCI by 355.6% in the first quarter. Banque Transatlantique SA now owns 82 shares of the technology company’s stock valued at $43,000 after buying an additional 64 shares during the last quarter. Caitong International Asset Management Co. Ltd raised its position in shares of MSCI by 2,666.7% in the 1st quarter. Caitong International Asset Management Co. Ltd now owns 83 shares of the technology company’s stock valued at $47,000 after purchasing an additional 80 shares during the last quarter. Finally, GW&K Investment Management LLC raised its holdings in shares of MSCI by 133.3% in the first quarter. GW&K Investment Management LLC now owns 84 shares of the technology company’s stock worth $48,000 after buying an additional 48 shares during the last quarter. Institutional investors own 89.97% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on MSCI shares. Wells Fargo & Company increased their price target on shares of MSCI from $533.00 to $570.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 29th. Evercore ISI raised their target price on shares of MSCI from $588.00 to $611.00 and gave the stock an “outperform” rating in a report on Tuesday, October 14th. JPMorgan Chase & Co. boosted their target price on shares of MSCI from $655.00 to $680.00 and gave the company an “overweight” rating in a research report on Wednesday, October 29th. Raymond James Financial raised 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. Finally, Barclays boosted their price objective on MSCI from $650.00 to $660.00 and gave the company an “overweight” rating in a report on Wednesday, October 29th. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $655.90.

MSCI Trading Up 0.5%

Shares of MSCI stock opened at $559.73 on Thursday. MSCI Inc has a 12-month low of $486.73 and a 12-month high of $642.45. The business’s 50 day moving average is $563.81 and its two-hundred day moving average is $563.29. The company has a market capitalization of $42.06 billion, a P/E ratio of 35.47, a P/E/G ratio of 2.76 and a beta of 1.34.

MSCI (NYSE:MSCI) last announced 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. MSCI had a negative return on equity of 110.94% and a net margin of 40.03%.The business had revenue of $793.43 million during the quarter, compared to the consensus estimate of $794.87 million. During the same period in the prior year, the company posted $3.86 EPS. The business’s quarterly revenue was up 9.5% on a year-over-year basis. On average, research analysts predict that MSCI Inc will post 16.86 earnings per share for the current fiscal year.

MSCI Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, November 28th. Stockholders of record on Friday, November 14th will be given a $1.80 dividend. The ex-dividend date is Friday, November 14th. This represents a $7.20 annualized dividend and a dividend yield of 1.3%. MSCI’s dividend payout ratio (DPR) is 45.63%.

MSCI declared that its board has authorized a stock repurchase program on Tuesday, October 28th that authorizes the company to buyback $3.00 billion in shares. This buyback authorization authorizes the technology company to reacquire up to 7.1% of its stock through open market purchases. Stock buyback programs are often an indication that the company’s leadership believes its shares are undervalued.

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.