Callan Family Office LLC acquired a new stake 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 acquired 5,511 shares of the technology company's stock, valued at approximately $3,086,000.
Other hedge funds also recently added to or reduced their stakes in the company. Keating Financial Advisory Services Inc. purchased a new stake in shares of MSCI in the second quarter worth about $114,000. OneAscent Investment Solutions LLC purchased a new stake in shares of MSCI during the 2nd quarter valued at about $265,000. Bowie Capital Management LLC purchased a new stake in shares of MSCI during the 2nd quarter valued at about $50,150,000. Allworth Financial LP acquired a new position in MSCI during the 2nd quarter worth approximately $788,000. Finally, B. Metzler seel. Sohn & Co. AG acquired a new position in shares of MSCI during the second quarter worth $6,111,000. 89.97% of the stock is owned by hedge funds and other institutional investors.
Analyst Ratings Changes
Several research firms recently commented on MSCI. JPMorgan Chase & Co. boosted their price target on MSCI from $700.00 to $742.00 and gave the stock an "overweight" rating in a research note on Monday, July 20th. Wells Fargo & Company lowered their price objective on shares of MSCI from $700.00 to $690.00 and set an "overweight" rating for the company in a research report on Wednesday, July 22nd. Weiss Ratings lowered MSCI from a "buy (b)" rating to a "buy (b-)" rating in a research report on Thursday, July 30th. Barclays raised their price target on shares of MSCI from $700.00 to $735.00 and gave the company an "overweight" rating in a research note on Friday, July 10th. Finally, Morgan Stanley restated an "overweight" rating and set a $700.00 price objective on shares of MSCI in a research note on Tuesday, July 21st. One 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, the company presently has a consensus rating of "Buy" and a consensus target price of $709.50.
View Our Latest Analysis on MSCI
MSCI Stock Down 0.8%
MSCI opened at $564.08 on Friday. The firm has a market cap of $41.01 billion, a PE ratio of 30.86, a P/E/G ratio of 2.15 and a beta of 1.23. The business has a fifty day simple moving average of $582.30 and a 200-day simple moving average of $573.55. MSCI Inc has a fifty-two week low of $501.08 and a fifty-two week high of $644.77.
MSCI (NYSE:MSCI - Get Free Report) last announced its earnings results on Tuesday, July 21st. The technology company reported $4.94 EPS for the quarter, missing the consensus estimate of $4.99 by ($0.05). MSCI had a negative return on equity of 55.19% and a net margin of 40.74%.The firm had revenue of $867.00 million during the quarter, compared to analyst estimates of $870.71 million. During the same quarter in the previous year, the business earned $4.17 earnings per share. The business's quarterly revenue was up 12.2% compared to the same quarter last year. On average, equities research analysts anticipate that MSCI Inc will post 19.61 EPS for the current fiscal year.
MSCI Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Friday, August 28th. Stockholders 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 dividend on an annualized basis and a dividend yield of 1.5%. MSCI's dividend payout ratio is 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.
Further Reading
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