1,825 Shares in MSCI Inc $MSCI Purchased by Vise Technologies Inc.

Key Points

• Vise Technologies purchased 1,825 MSCI shares worth approximately $1.02 million in the second quarter, while institutional investors collectively own nearly 90% of the company.
• MSCI reported quarterly revenue of $867 million, up 12.2% year over year, though earnings per share of $4.94 fell slightly short of analyst expectations.
• The company declared a quarterly dividend of $2.05 per share, equal to an annualized $8.20 payout and a 1.5% yield. Analysts maintain a consensus “Buy” rating with an average price target of $709.50.

Vise Technologies Inc. purchased a new stake in MSCI Inc (NYSE:MSCI - Free Report) in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 1,825 shares of the technology company's stock, valued at approximately $1,022,000.

A number of other hedge funds have also recently modified their holdings of the company. Harvest Fund Management Co. Ltd acquired a new position in MSCI in the fourth quarter valued at approximately $30,000. Elyxium Wealth LLC purchased a new position in MSCI in the fourth quarter worth approximately $34,000. Compound Global Advisors LLC acquired a new stake in MSCI during the second quarter worth $34,000. SHP Wealth Management acquired a new stake in MSCI during the fourth quarter worth $36,000. Finally, Strategic Wealth Investment Group LLC purchased a new stake in MSCI in the second quarter valued at $36,000. Hedge funds and other institutional investors own 89.97% of the company's stock.

MSCI Stock Performance

Shares of MSCI opened at $564.08 on Friday. MSCI Inc has a 1 year low of $501.08 and a 1 year high of $644.77. The stock has a market capitalization of $41.01 billion, a PE ratio of 30.86, a PEG ratio of 2.15 and a beta of 1.23. The stock has a 50-day simple moving average of $582.30 and a 200-day simple moving average of $573.55.

MSCI (NYSE:MSCI - Get Free Report) last issued its 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). MSCI had a net margin of 40.74% and a negative return on equity of 55.19%. The firm had revenue of $867.00 million during the quarter, compared to analyst estimates of $870.71 million. During the same period last year, the business earned $4.17 EPS. The firm's revenue was up 12.2% compared to the same quarter last year. Analysts predict that MSCI Inc will post 19.61 EPS for the current year.

MSCI Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, August 28th. Investors of record on Friday, August 14th will be paid a dividend of $2.05 per share. 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 presently 44.86%.

Analysts Set New Price Targets

MSCI has been the topic of several recent analyst reports. Weiss Ratings lowered MSCI from a "buy (b)" rating to a "buy (b-)" rating in a research note on Thursday, July 30th. Wells Fargo & Company cut their price objective on MSCI from $700.00 to $690.00 and set an "overweight" rating for the company in a research report on Wednesday, July 22nd. JPMorgan Chase & Co. boosted their price objective on shares of MSCI from $700.00 to $742.00 and gave the company an "overweight" rating in a report on Monday, July 20th. Barclays upped their target price on shares of MSCI from $700.00 to $735.00 and gave the company an "overweight" rating in a research report on Friday, July 10th. Finally, Jefferies Financial Group initiated coverage on shares of MSCI in a research note on Friday, July 17th. They set a "buy" rating and a $760.00 target price for the company. One research analyst has rated the stock with a Strong Buy rating and eleven have given a Buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Buy" and an average price target of $709.50.

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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