Fifth Third Bancorp Has $3.52 Million Position in MSCI Inc. (NYSE:MSCI)

Fifth Third Bancorp cut its stake in MSCI Inc. (NYSE:MSCI) by 10.9% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 5,868 shares of the technology company’s stock after selling 719 shares during the period. Fifth Third Bancorp’s holdings in MSCI were worth $3,521,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently modified their holdings of the company. Marshall Wace LLP bought a new position in shares of MSCI in the second quarter valued at $870,000. AQR Capital Management LLC raised its stake in MSCI by 221.2% in the 2nd quarter. AQR Capital Management LLC now owns 61,347 shares of the technology company’s stock worth $29,554,000 after purchasing an additional 42,247 shares in the last quarter. Mackenzie Financial Corp lifted its holdings in shares of MSCI by 37.7% during the 2nd quarter. Mackenzie Financial Corp now owns 11,295 shares of the technology company’s stock worth $5,441,000 after acquiring an additional 3,092 shares during the period. Kathmere Capital Management LLC boosted its holdings in shares of MSCI by 31.1% in the 2nd quarter. Kathmere Capital Management LLC now owns 527 shares of the technology company’s stock valued at $254,000 after purchasing an additional 125 shares in the last quarter. Finally, Creative Planning boosted its stake in MSCI by 31.7% in the second quarter. Creative Planning now owns 9,591 shares of the technology company’s stock valued at $4,620,000 after buying an additional 2,311 shares in the last quarter. 89.97% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at MSCI

In other MSCI news, CEO Henry A. Fernandez bought 2,900 shares of the stock in a transaction dated Thursday, December 5th. The shares were bought at an average cost of $612.80 per share, for a total transaction of $1,777,120.00. Following the purchase, the chief executive officer now directly owns 330,379 shares of the company’s stock, valued at approximately $202,456,251.20. This trade represents a 0.89 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 3.20% of the company’s stock.

MSCI Price Performance

NYSE MSCI opened at $623.79 on Tuesday. The company has a fifty day moving average price of $605.31 and a 200-day moving average price of $579.61. The firm has a market cap of $48.89 billion, a price-to-earnings ratio of 40.96, a PEG ratio of 2.78 and a beta of 1.11. MSCI Inc. has a 1 year low of $439.95 and a 1 year high of $642.45.

MSCI (NYSE:MSCI) last issued its quarterly earnings data on Tuesday, October 29th. The technology company reported $3.86 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.77 by $0.09. MSCI had a net margin of 43.06% and a negative return on equity of 162.06%. The business had revenue of $724.70 million during the quarter, compared to the consensus estimate of $716.15 million. During the same period in the prior year, the firm posted $3.45 EPS. The firm’s quarterly revenue was up 15.9% compared to the same quarter last year. On average, research analysts anticipate that MSCI Inc. will post 14.99 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the company. Redburn Atlantic raised MSCI from a “neutral” rating to a “buy” rating and set a $680.00 target price for the company in a report on Wednesday, October 9th. Wells Fargo & Company upped their price target on shares of MSCI from $570.00 to $600.00 and gave the company an “equal weight” rating in a research report on Friday, October 11th. JPMorgan Chase & Co. lifted their price objective on shares of MSCI from $680.00 to $700.00 and gave the company an “overweight” rating in a research note on Tuesday, January 21st. Morgan Stanley upped their price target on MSCI from $662.00 to $695.00 and gave the stock an “overweight” rating in a research note on Thursday, December 12th. Finally, Royal Bank of Canada reiterated an “outperform” rating and issued a $638.00 target price on shares of MSCI in a report on Wednesday, October 30th. Four analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $649.85.

About MSCI

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.