Beacon Pointe Advisors LLC Buys Shares of 2,748 MSCI Inc $MSCI

Key Points

• Beacon Pointe Advisors initiated a position in MSCI by purchasing 2,748 shares valued at approximately $1.54 million. Institutional investors collectively own 89.97% of the company.
• MSCI’s latest quarterly results fell slightly short of expectations, with earnings of $4.94 per share versus the $4.99 consensus and revenue of $867 million versus $870.71 million expected; revenue nevertheless grew 12.2% year over year.
• Analysts remain bullish, assigning the stock a consensus “Buy” rating and an average price target of $709.50, compared with its reported opening price of $571.20. MSCI also maintains a quarterly dividend of $2.05, producing a 1.4% annualized yield.

Beacon Pointe Advisors LLC bought a new position in MSCI Inc (NYSE:MSCI - Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 2,748 shares of the technology company's stock, valued at approximately $1,539,000.

A number of other large investors have also made changes to their positions in MSCI. BlackRock Inc. purchased a new stake in MSCI in the second quarter worth $3,062,626,000. State Street Corp increased its holdings in shares of MSCI by 1.2% in the 3rd quarter. State Street Corp now owns 3,320,761 shares of the technology company's stock valued at $1,884,233,000 after acquiring an additional 39,450 shares during the period. Bamco Inc. NY bought a new position in MSCI in the second quarter worth about $1,798,710,000. Morgan Stanley raised its stake in shares of MSCI by 2.2% during the 4th quarter. Morgan Stanley now owns 2,467,556 shares of the technology company's stock worth $1,415,713,000 after acquiring an additional 52,242 shares in the last quarter. Finally, T. Rowe Price Investment Management Inc. increased its position in MSCI by 13.2% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 1,446,291 shares of the technology company's stock valued at $829,781,000 after buying an additional 168,405 shares in the last quarter. 89.97% of the stock is currently owned by institutional investors.

MSCI Price Performance

Shares of NYSE:MSCI opened at $571.20 on Monday. MSCI Inc has a 1 year low of $501.08 and a 1 year high of $644.77. The firm has a market capitalization of $41.53 billion, a PE ratio of 31.25, a P/E/G ratio of 2.18 and a beta of 1.23. The business's 50 day moving average price is $579.52 and its 200-day moving average price is $573.23.

MSCI (NYSE:MSCI - Get Free Report) last announced its quarterly earnings data on Tuesday, July 21st. The technology company reported $4.94 earnings per share for the quarter, missing analysts' consensus estimates of $4.99 by ($0.05). The firm had revenue of $867.00 million during 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 revenue for the quarter was up 12.2% on a year-over-year basis. During the same quarter in the previous year, the business posted $4.17 EPS. As a group, analysts expect that MSCI Inc will post 19.61 earnings per share for the current year.

MSCI Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 28th. Shareholders of record on Friday, August 14th were issued a $2.05 dividend. The ex-dividend date was Friday, August 14th. This represents a $8.20 dividend on an annualized basis and a yield of 1.4%. MSCI's dividend payout ratio is presently 44.86%.

Analyst Upgrades and Downgrades

A number of research firms recently commented on MSCI. UBS Group set a $615.00 target price on shares of MSCI in a research note on Wednesday, July 22nd. Morgan Stanley reiterated an "overweight" rating and set a $700.00 price target on shares of MSCI in a research report on Tuesday, July 21st. Bank of America upped their price objective on shares of MSCI from $715.00 to $730.00 and gave the stock a "buy" rating in a research report on Friday, July 10th. Wells Fargo & Company dropped their target price on MSCI from $700.00 to $690.00 and set an "overweight" rating on the stock in a research report on Wednesday, July 22nd. Finally, Jefferies Financial Group initiated coverage on MSCI in a research note on Friday, July 17th. They issued a "buy" rating and a $760.00 price target for the company. One research 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 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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