Amundi Purchases 14,004 Shares of MSCI Inc $MSCI

Amundi boosted its stake in shares of MSCI Inc (NYSE:MSCI - Free Report) by 4.1% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 359,092 shares of the technology company's stock after acquiring an additional 14,004 shares during the period. Amundi owned 0.49% of MSCI worth $201,106,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in the company. Ancora Advisors LLC bought a new stake in shares of MSCI in the 2nd quarter worth about $27,000. Harvest Fund Management Co. Ltd purchased a new position in MSCI during the 4th quarter valued at $30,000. Elyxium Wealth LLC bought a new position in MSCI in the 4th quarter valued at $34,000. Compound Global Advisors LLC bought a new stake in shares of MSCI during the second quarter worth $34,000. Finally, SHP Wealth Management purchased a new stake in shares of MSCI during the fourth quarter valued at $36,000. 89.97% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. Rothschild & Co Redburn set a $690.00 target price on shares of MSCI in a research note on Thursday, June 18th. 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 price target on shares of MSCI from $700.00 to $735.00 and gave the stock an "overweight" rating in a report on Friday, July 10th. Wells Fargo & Company cut their price target on shares of MSCI from $700.00 to $690.00 and set an "overweight" rating on the stock in a report on Wednesday, July 22nd. Finally, Evercore set a $722.00 price target on MSCI in a research report on Wednesday, July 22nd. One analyst has rated the stock with a Strong Buy rating and eleven have issued a Buy rating to the stock. According to data from MarketBeat.com, MSCI currently has an average rating of "Buy" and a consensus target price of $709.50.

MSCI Price Performance

MSCI stock opened at $550.33 on Wednesday. The stock has a market capitalization of $40.01 billion, a PE ratio of 30.11, a price-to-earnings-growth ratio of 2.19 and a beta of 1.22. MSCI Inc has a 12 month low of $501.08 and a 12 month high of $644.77. The business has a 50 day simple moving average of $579.58 and a 200-day simple moving average of $575.32.

MSCI (NYSE:MSCI - Get Free Report) last announced 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 business had revenue of $867.00 million for the quarter, compared to analysts' expectations of $870.71 million. MSCI had a net margin of 40.74% and a negative return on equity of 55.19%. The company's quarterly revenue was up 12.2% on a year-over-year basis. During the same quarter last year, the business earned $4.17 EPS. On average, equities research analysts anticipate 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 was paid on Friday, August 28th. Investors of record on Friday, August 14th were issued a $2.05 dividend. This represents a $8.20 annualized dividend and a yield of 1.5%. The ex-dividend date was Friday, August 14th. MSCI's payout ratio is presently 44.86%.

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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