11,531 Shares in MSCI Inc $MSCI Purchased by Oxbow Advisors LLC

Key Points

• Oxbow Advisors LLC acquired 11,531 MSCI shares during the second quarter, valued at approximately $6.46 million. Institutional investors collectively own about 89.97% of the company.
• Analysts remain bullish, with a consensus “Buy” rating and an average price target of $709.50; several firms recently raised their targets to between $730 and $760.
• MSCI’s latest quarterly results slightly missed expectations, reporting $4.94 in EPS and $867 million in revenue, though revenue grew 12.2% year over year. The company declared a quarterly dividend of $2.05 per share, equivalent to a 1.5% annualized yield.

Oxbow Advisors LLC acquired a new position in MSCI Inc (NYSE:MSCI - Free Report) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 11,531 shares of the technology company's stock, valued at approximately $6,458,000.

A number of other institutional investors have also recently bought and sold shares of MSCI. Mowery & Schoenfeld Wealth Management LLC increased its holdings in shares of MSCI by 341.7% during the fourth quarter. Mowery & Schoenfeld Wealth Management LLC now owns 53 shares of the technology company's stock worth $30,000 after purchasing an additional 41 shares during the period. Harvest Fund Management Co. Ltd bought a new stake in shares of MSCI in the fourth quarter valued at approximately $30,000. Elyxium Wealth LLC bought a new stake in shares of MSCI in the fourth quarter valued at approximately $34,000. Compound Global Advisors LLC acquired a new stake in MSCI during the second quarter worth approximately $34,000. Finally, SHP Wealth Management acquired a new stake in MSCI during the fourth quarter worth approximately $36,000. Institutional investors own 89.97% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have commented on MSCI. Bank of America raised their price objective on MSCI from $715.00 to $730.00 and gave the stock a "buy" rating in a research note on Friday, July 10th. Raymond James Financial increased their target price on MSCI from $730.00 to $760.00 and gave the stock a "strong-buy" rating in a report on Wednesday, July 8th. Rothschild & Co Redburn set a $690.00 price target on MSCI in a research report on Thursday, June 18th. Barclays boosted their price target on MSCI from $700.00 to $735.00 and gave the company an "overweight" rating in a research note on Friday, July 10th. Finally, JPMorgan Chase & Co. upped their price objective on shares of MSCI from $700.00 to $742.00 and gave the stock an "overweight" rating in a research report on Monday, July 20th. One research analyst has rated the stock with a Strong Buy rating and eleven have issued a Buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Buy" and a consensus price target of $709.50.

MSCI Trading Up 2.2%

MSCI opened at $562.75 on Wednesday. The company's 50 day moving average is $584.43 and its 200-day moving average is $574.20. The company has a market cap of $40.91 billion, a P/E ratio of 30.79, a PEG ratio of 2.17 and a beta of 1.23. MSCI Inc has a 1-year low of $501.08 and a 1-year high of $644.77.

MSCI (NYSE:MSCI - Get Free Report) last released its quarterly earnings data on Tuesday, July 21st. The technology company reported $4.94 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.99 by ($0.05). The firm had revenue of $867.00 million during the quarter, compared to analyst estimates of $870.71 million. MSCI had a net margin of 40.74% and a negative return on equity of 55.19%. The business's quarterly revenue was up 12.2% compared to the same quarter last year. During the same period in the prior year, the company earned $4.17 EPS. On average, equities analysts forecast that MSCI Inc will post 19.61 EPS for the current year.

MSCI Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, August 28th. Stockholders of record on Friday, August 14th will be given a $2.05 dividend. The ex-dividend date is Friday, August 14th. This represents a $8.20 dividend on an annualized basis and a dividend yield of 1.5%. MSCI's payout ratio is 44.86%.

About MSCI

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.

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