Manning & Napier Advisors LLC bought a new stake in shares of MSCI Inc (NYSE:MSCI - Free Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 11,035 shares of the technology company's stock, valued at approximately $6,180,000.
Other hedge funds and other institutional investors have also made changes to their positions in the company. BlackRock Inc. purchased a new stake in MSCI in the 2nd quarter worth about $3,062,626,000. Norges Bank purchased a new position in shares of MSCI during the fourth quarter valued at approximately $528,560,000. Mitsubishi UFJ Asset Management Co. Ltd. purchased a new position in shares of MSCI during the second quarter valued at approximately $480,613,000. Generation Investment Management LLP purchased a new position in MSCI in the 2nd quarter worth about $301,493,000. Finally, Bank of New York Mellon Corp bought a new stake in shares of MSCI in the second quarter valued at about $234,905,000. Hedge funds and other institutional investors own 89.97% of the company's stock.
MSCI Stock Up 1.3%
Shares of NYSE MSCI opened at $570.96 on Tuesday. The firm has a market cap of $41.51 billion, a price-to-earnings ratio of 31.23, a price-to-earnings-growth ratio of 2.15 and a beta of 1.23. The company's 50-day simple moving average is $581.51 and its 200-day simple moving average is $573.12. MSCI Inc has a 52-week low of $501.08 and a 52-week high of $644.77.
MSCI (NYSE:MSCI - Get Free Report) last released its quarterly earnings results on Tuesday, July 21st. The technology company reported $4.94 earnings per share for the quarter, missing the consensus estimate of $4.99 by ($0.05). The company had revenue of $867.00 million for the quarter, compared to analyst estimates of $870.71 million. MSCI had a negative return on equity of 55.19% and a net margin of 40.74%.The firm's revenue for the quarter was up 12.2% on a year-over-year basis. During the same quarter last year, the company earned $4.17 EPS. Equities research analysts anticipate that MSCI Inc will post 19.61 EPS for the current fiscal year.
MSCI Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Friday, August 28th. Investors of record on Friday, August 14th will be given a dividend of $2.05 per share. This represents a $8.20 annualized dividend and a dividend yield of 1.4%. The ex-dividend date is Friday, August 14th. MSCI's payout ratio is presently 44.86%.
Wall Street Analysts Forecast Growth
Several equities analysts have issued reports on the stock. JPMorgan Chase & Co. lifted their price target on shares of MSCI from $700.00 to $742.00 and gave the stock an "overweight" rating in a report on Monday, July 20th. Barclays raised their target price on MSCI from $700.00 to $735.00 and gave the stock an "overweight" rating in a research note on Friday, July 10th. Evercore set a $722.00 price target on MSCI in a research note on Wednesday, July 22nd. Jefferies Financial Group started coverage on MSCI in a report on Friday, July 17th. They issued a "buy" rating and a $760.00 price objective on the stock. Finally, Morgan Stanley reissued an "overweight" rating and set a $700.00 price target on shares of MSCI in a research report on Tuesday, July 21st. One analyst has rated the stock with a Strong Buy rating and eleven have assigned a Buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Buy" and an average target price of $709.50.
Read Our Latest Stock Report on MSCI
MSCI Company Profile
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Free Report)
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.
See Also
Want to see what other hedge funds are holding MSCI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for MSCI Inc (NYSE:MSCI - Free Report).
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