Bowie Capital Management LLC bought a new stake in MSCI Inc (NYSE:MSCI - Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 89,547 shares of the technology company's stock, valued at approximately $50,150,000. MSCI accounts for 2.1% of Bowie Capital Management LLC's holdings, making the stock its 21st largest position. Bowie Capital Management LLC owned approximately 0.12% of MSCI at the end of the most recent quarter.
Several other institutional investors have also recently added to or reduced their stakes in MSCI. Norges Bank bought a new position in shares of MSCI in 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 during the fourth quarter valued at about $13,636,000. SBI Okasan Asset Management Co.Ltd. bought a new position in shares of MSCI in the fourth quarter valued at approximately $1,406,000. FourThought Financial Partners LLC boosted its position in MSCI by 19.0% in the fourth quarter. FourThought Financial Partners LLC now owns 11,674 shares of the technology company's stock worth $6,697,000 after purchasing an additional 1,862 shares during the last quarter. Finally, MUFG Securities EMEA plc boosted its holdings in shares of MSCI by 5,509.7% in the 4th quarter. MUFG Securities EMEA plc now owns 83,080 shares of the technology company's stock worth $47,665,000 after buying an additional 81,599 shares during the last quarter. 89.97% of the stock is owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
Several equities analysts recently commented on MSCI shares. Wells Fargo & Company dropped their price objective on MSCI from $700.00 to $690.00 and set an "overweight" rating on the stock in a research note on Wednesday, July 22nd. Bank of America upped their price target on shares of MSCI from $715.00 to $730.00 and gave the stock a "buy" rating in a report on Friday, July 10th. Rothschild & Co Redburn set a $690.00 target price on shares of MSCI in a research note on Thursday, June 18th. UBS Group set a $615.00 price target on MSCI in a research note on Wednesday, July 22nd. Finally, JPMorgan Chase & Co. upped their price objective on shares of MSCI from $700.00 to $742.00 and gave the company an "overweight" rating in a research note on Monday, July 20th. One analyst has rated the stock with a Strong Buy rating and eleven have issued a Buy rating to the stock. Based on data from MarketBeat, MSCI currently has a consensus rating of "Buy" and a consensus price target of $709.50.
Get Our Latest Stock Analysis on MSCI
MSCI Stock Up 0.5%
Shares of NYSE MSCI opened at $568.09 on Friday. The firm's fifty day moving average is $583.00 and its 200 day moving average is $573.62. MSCI Inc has a 52 week low of $501.08 and a 52 week high of $644.77. The company has a market cap of $41.30 billion, a price-to-earnings ratio of 31.08, a PEG ratio of 2.16 and a beta of 1.23.
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 for the quarter, missing the consensus estimate of $4.99 by ($0.05). MSCI had a net margin of 40.74% and a negative return on equity of 55.19%. The firm had revenue of $867.00 million for the quarter, compared to analysts' expectations of $870.71 million. During the same period in the previous year, the company earned $4.17 EPS. The company's quarterly revenue was up 12.2% on a year-over-year basis. Equities research analysts anticipate that MSCI Inc will post 19.61 earnings per share for the current year.
MSCI Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Friday, August 28th. Investors of record on Friday, August 14th will be paid a $2.05 dividend. The ex-dividend date of this dividend is Friday, August 14th. This represents a $8.20 annualized dividend and a dividend yield of 1.4%. MSCI's dividend payout ratio (DPR) is presently 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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