Caisse de depot et placement du Quebec Invests $2.11 Million in MSCI Inc $MSCI

Key Points

• Caisse de dépôt et placement du Québec acquired 3,768 MSCI shares worth approximately $2.11 million in the second quarter. Institutional investors and hedge funds now own 89.97% of MSCI’s outstanding stock.
• MSCI reported quarterly revenue of $867 million, up 12.2% year over year, but earnings of $4.94 per share fell short of analysts’ $4.99 estimate. The company also paid a quarterly dividend of $2.05 per share, representing a 1.4% annualized yield.
• Analysts remain broadly bullish, with one Strong Buy and 11 Buy ratings and a consensus price target of $709.50, compared with the reported share price of $571.20.

Caisse de depot et placement du Quebec bought a new stake in MSCI Inc (NYSE:MSCI - Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 3,768 shares of the technology company's stock, valued at approximately $2,110,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. BlackRock Inc. acquired a new position in MSCI in the second quarter valued at $3,062,626,000. Norges Bank purchased a new position in shares of MSCI during the fourth quarter worth about $528,560,000. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new stake in shares of MSCI during the second quarter worth about $480,613,000. Generation Investment Management LLP acquired a new stake in shares of MSCI during the second quarter worth about $301,493,000. Finally, Legal & General Group Plc purchased a new stake in shares of MSCI in the 2nd quarter valued at about $257,687,000. 89.97% of the stock is currently owned by institutional investors and hedge funds.

MSCI Stock Up 0.4%

Shares of NYSE:MSCI opened at $571.20 on Friday. MSCI Inc has a fifty-two week low of $501.08 and a fifty-two week high of $644.77. The firm's 50-day simple moving average is $579.52 and its 200-day simple moving average is $573.14. The company has a market cap of $41.53 billion, a price-to-earnings ratio of 31.25, a PEG ratio of 2.18 and a beta of 1.23.

MSCI (NYSE:MSCI - Get Free Report) last posted its quarterly earnings results on Tuesday, July 21st. The technology company reported $4.94 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.99 by ($0.05). The firm 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 company's revenue for the quarter was up 12.2% on a year-over-year basis. During the same period in the prior year, the company earned $4.17 earnings per share. On average, research analysts forecast that MSCI Inc will post 19.61 EPS for the current year.

MSCI Dividend Announcement

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

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on MSCI. Raymond James Financial upped their target price on MSCI from $730.00 to $760.00 and gave the company a "strong-buy" rating in a research report on Wednesday, July 8th. Wells Fargo & Company reduced 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. JPMorgan Chase & Co. boosted their price objective on MSCI from $700.00 to $742.00 and gave the company an "overweight" rating in a research note on Monday, July 20th. Rothschild & Co Redburn set a $690.00 price objective on MSCI in a report on Thursday, June 18th. Finally, Barclays lifted their target price on shares of MSCI from $700.00 to $735.00 and gave the company an "overweight" rating in a report on Friday, July 10th. One investment analyst has rated the stock with a Strong Buy rating and eleven have assigned a Buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Buy" and a consensus price target of $709.50.

MSCI Company 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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