Bank of New York Mellon Corp purchased a new position in shares of MSCI Inc (NYSE:MSCI - Free Report) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 419,443 shares of the technology company's stock, valued at approximately $234,905,000. Bank of New York Mellon Corp owned approximately 0.58% of MSCI as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also modified their holdings of the company. Harvest Fund Management Co. Ltd purchased a new position in MSCI during the 4th quarter valued at about $30,000. Elyxium Wealth LLC purchased a new stake in MSCI during the fourth quarter worth about $34,000. Compound Global Advisors LLC acquired a new stake in shares of MSCI during the second quarter worth about $34,000. SHP Wealth Management acquired a new stake in shares of MSCI during the fourth quarter worth about $36,000. Finally, Strategic Wealth Investment Group LLC purchased a new position in shares of MSCI in the second quarter valued at approximately $36,000. 89.97% of the stock is currently owned by hedge funds and other institutional investors.
MSCI Trading Down 0.8%
Shares of MSCI stock opened at $564.08 on Friday. The company has a market cap of $41.01 billion, a P/E ratio of 30.86, a PEG ratio of 2.15 and a beta of 1.23. The firm has a fifty day moving average price of $582.30 and a 200 day moving average price of $573.55. MSCI Inc has a 12 month low of $501.08 and a 12 month high of $644.77.
MSCI (NYSE:MSCI - Get Free Report) last announced its quarterly 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 negative return on equity of 55.19% and a net margin of 40.74%.The firm's quarterly revenue was up 12.2% on a year-over-year basis. During the same period last year, the firm earned $4.17 earnings per share. On average, equities analysts forecast that MSCI Inc will post 19.61 EPS for the current year.
MSCI Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 28th. Shareholders of record on Friday, August 14th will be paid a $2.05 dividend. This represents a $8.20 annualized dividend and a yield of 1.5%. The ex-dividend date is Friday, August 14th. MSCI's dividend payout ratio is currently 44.86%.
Analysts Set New Price Targets
Several equities analysts have commented on the stock. Evercore set a $722.00 price target on shares of MSCI in a research note on Wednesday, July 22nd. Barclays lifted their target price on MSCI from $700.00 to $735.00 and gave the company an "overweight" rating in a report on Friday, July 10th. Raymond James Financial boosted their target price on MSCI from $730.00 to $760.00 and gave the stock a "strong-buy" rating in a research note on Wednesday, July 8th. Bank of America increased their price target on MSCI from $715.00 to $730.00 and gave the company a "buy" rating in a research report on Friday, July 10th. Finally, Wells Fargo & Company decreased their price objective on MSCI from $700.00 to $690.00 and set an "overweight" rating for the company in a research note on Wednesday, July 22nd. One investment analyst has rated the stock with a Strong Buy rating and eleven have given a Buy rating to the company's stock. According to MarketBeat, MSCI presently has a consensus rating of "Buy" and an average price target of $709.50.
Check Out Our Latest Report on MSCI
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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