42,300 Shares in MSCI Inc $MSCI Acquired by Korea Investment CORP

Key Points

• Korea Investment CORP acquired 42,300 MSCI shares worth approximately $23.69 million, giving it a 0.06% stake. Institutional investors and hedge funds collectively own 89.97% of the company.
• MSCI reported quarterly revenue of $867 million, up 12.2% year over year, but its $4.94 EPS fell short of analysts’ $4.99 estimate. Shares opened at $564.08, below the $709.50 analyst consensus target.
• MSCI declared a quarterly dividend of $2.05 per share, equivalent to $8.20 annually and a 1.5% yield; analysts broadly maintain a positive view, with a consensus “Buy” rating.

Korea Investment CORP purchased a new position in shares of MSCI Inc (NYSE:MSCI - Free Report) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm purchased 42,300 shares of the technology company's stock, valued at approximately $23,690,000. Korea Investment CORP owned 0.06% of MSCI as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Harvest Fund Management Co. Ltd acquired a new stake in shares of MSCI during the 4th quarter worth $30,000. Elyxium Wealth LLC acquired a new position in MSCI in the fourth quarter valued at $34,000. Compound Global Advisors LLC acquired a new position in MSCI in the second quarter valued at $34,000. SHP Wealth Management purchased a new stake in MSCI during the fourth quarter valued at about $36,000. Finally, Strategic Wealth Investment Group LLC purchased a new stake in MSCI during the second quarter valued at about $36,000. Institutional investors and hedge funds own 89.97% of the company's stock.

MSCI Price Performance

Shares of NYSE MSCI opened at $564.08 on Monday. MSCI Inc has a 1-year low of $501.08 and a 1-year high of $644.77. The business has a 50-day moving average of $582.30 and a 200-day moving average of $573.19. The company has a market capitalization of $41.01 billion, a price-to-earnings ratio of 30.86, a PEG ratio of 2.15 and a beta of 1.23.

MSCI (NYSE:MSCI - Get Free Report) last posted its earnings results on Tuesday, July 21st. The technology company reported $4.94 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $4.99 by ($0.05). The company 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%. MSCI's quarterly revenue was up 12.2% compared to the same quarter last year. During the same quarter last year, the business posted $4.17 EPS. Research analysts expect that MSCI Inc will post 19.61 EPS for the current fiscal year.

MSCI Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the company. Evercore set a $722.00 price objective on MSCI in a research note on Wednesday, July 22nd. Jefferies Financial Group began coverage on shares of MSCI in a research report on Friday, July 17th. They set a "buy" rating and a $760.00 target price for the company. Morgan Stanley restated an "overweight" rating and issued a $700.00 price target on shares of MSCI in a report on Tuesday, July 21st. Bank of America lifted their price target on shares of MSCI from $715.00 to $730.00 and gave the company a "buy" rating in a research report on Friday, July 10th. Finally, Barclays boosted their price objective on shares of MSCI from $700.00 to $735.00 and gave the stock an "overweight" rating in a research note on Friday, July 10th. One analyst has rated the stock with a Strong Buy rating and eleven have given a Buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Buy" and a consensus target price of $709.50.

MSCI Profile

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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