BlackRock Inc. Makes New Investment in MSCI Inc $MSCI

BlackRock Inc. purchased a new stake in MSCI Inc (NYSE:MSCI - Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 5,468,585 shares of the technology company's stock, valued at approximately $3,062,626,000. BlackRock Inc. owned 7.52% of MSCI as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the stock. Norges Bank bought a new stake in shares of MSCI during the 4th quarter worth $528,560,000. Retail Employees Superannuation Pty Ltd as trustee for Retail Employees Superannuation Trust bought a new position in shares of MSCI in the 4th quarter valued at $13,636,000. SBI Okasan Asset Management Co.Ltd. acquired a new stake in shares of MSCI during the 4th quarter valued at $1,406,000. FourThought Financial Partners LLC boosted its holdings in shares of MSCI by 19.0% during the 4th quarter. FourThought Financial Partners LLC now owns 11,674 shares of the technology company's stock valued at $6,697,000 after acquiring an additional 1,862 shares in the last quarter. Finally, PFA Pension Forsikringsaktieselskab bought a new stake in MSCI during the 4th quarter worth $20,454,000. 89.97% of the stock is currently owned by institutional investors and hedge funds.

MSCI Trading Up 2.2%

Shares of MSCI stock opened at $562.75 on Wednesday. The firm has a market capitalization of $40.91 billion, a PE ratio of 30.79, a price-to-earnings-growth ratio of 2.17 and a beta of 1.23. The firm has a fifty day simple moving average of $584.43 and a two-hundred day simple moving average of $574.20. 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 released 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 company had revenue of $867.00 million for 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 revenue for the quarter was up 12.2% on a year-over-year basis. During the same quarter last year, the firm posted $4.17 EPS. On average, equities analysts predict that MSCI Inc will post 19.61 earnings per share for the current fiscal year.

MSCI Dividend Announcement

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

Analyst Ratings Changes

MSCI has been the subject of several recent research reports. Rothschild & Co Redburn set a $690.00 price objective on MSCI in a research note on Thursday, June 18th. Raymond James Financial raised their target price on MSCI from $730.00 to $760.00 and gave the stock a "strong-buy" rating in a research report on Wednesday, July 8th. Morgan Stanley reaffirmed an "overweight" rating and set a $700.00 target price on shares of MSCI in a report on Tuesday, July 21st. Royal Bank Of Canada reiterated an "outperform" rating and issued a $655.00 price target on shares of MSCI in a research report on Wednesday, April 22nd. Finally, Jefferies Financial Group began coverage on MSCI in a research report on Friday, July 17th. They set a "buy" rating and a $760.00 price objective for the company. One research analyst has rated the stock with a Strong Buy rating and eleven have assigned a Buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Buy" and a consensus price target 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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