Advisors Capital Management LLC bought a new stake in shares of MSCI Inc (NYSE:MSCI - Free Report) in the 2nd quarter, according to its most recent filing with the SEC. The institutional investor bought 10,920 shares of the technology company's stock, valued at approximately $6,116,000.
A number of other hedge funds have also made changes to their positions in the stock. Mowery & Schoenfeld Wealth Management LLC raised its holdings in MSCI by 341.7% in the fourth quarter. Mowery & Schoenfeld Wealth Management LLC now owns 53 shares of the technology company's stock valued at $30,000 after acquiring an additional 41 shares in the last quarter. Harvest Fund Management Co. Ltd acquired a new position in MSCI during the 4th quarter worth $30,000. Elyxium Wealth LLC acquired a new position in MSCI during the 4th quarter worth $34,000. Compound Global Advisors LLC bought a new stake in shares of MSCI in the 2nd quarter worth about $34,000. Finally, SHP Wealth Management bought a new stake in shares of MSCI in the 4th quarter worth about $36,000. Institutional investors and hedge funds own 89.97% of the company's stock.
Analysts Set New Price Targets
MSCI has been the subject of several research analyst reports. Evercore set a $722.00 price objective on MSCI in a report on Wednesday, July 22nd. 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. Jefferies Financial Group started coverage on MSCI in a research report on Friday, July 17th. They issued a "buy" rating and a $760.00 target price for the company. Rothschild & Co Redburn set a $690.00 price target on MSCI in a report on Thursday, June 18th. 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 company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Buy" and a consensus target price of $709.50.
Check Out Our Latest Analysis on MSCI
MSCI Stock Up 0.5%
Shares of NYSE MSCI opened at $568.09 on Friday. The firm's 50-day moving average price is $583.00 and its two-hundred day moving average price is $573.62. MSCI Inc has a 52-week low of $501.08 and a 52-week high of $644.77. The stock has a market capitalization of $41.30 billion, a P/E ratio of 31.08, a P/E/G ratio of 2.16 and a beta of 1.23.
MSCI (NYSE:MSCI - Get Free Report) last issued its earnings results on Tuesday, July 21st. The technology company reported $4.94 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%. The business's revenue was up 12.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $4.17 earnings per share. As a group, equities research analysts expect that MSCI Inc will post 19.61 earnings per share for the current year.
MSCI Dividend Announcement
The business also recently announced 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 1.4%. MSCI's dividend payout ratio (DPR) is currently 44.86%.
About MSCI
(
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.
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