Commerce Bank Buys Shares of 15,776 MSCI Inc $MSCI

Key Points

• Commerce Bank acquired 15,776 MSCI shares during the second quarter, valued at approximately $8.84 million. Institutional investors and hedge funds collectively own nearly 90% of MSCI’s outstanding stock.
• MSCI’s latest quarterly results slightly missed expectations, with EPS of $4.94 versus the $4.99 consensus and revenue of $867 million versus estimates of $870.71 million; revenue still grew 12.2% year over year.
• The company declared a quarterly dividend of $2.05 per share, equivalent to $8.20 annually and a 1.5% yield. Analysts maintain a consensus “Buy” rating with an average price target of $709.50, above the reported share price of $564.08.

Commerce Bank bought a new stake in shares of MSCI Inc (NYSE:MSCI - Free Report) in the 2nd quarter, according to its most recent filing with the SEC. The institutional investor bought 15,776 shares of the technology company's stock, valued at approximately $8,835,000.

Other hedge funds have also made changes to their positions in the company. Harvest Fund Management Co. Ltd bought a new position in MSCI during the 4th quarter valued at $30,000. Elyxium Wealth LLC acquired a new position in MSCI during the 4th quarter worth $34,000. Compound Global Advisors LLC bought a new stake in shares of MSCI in the 2nd quarter worth about $34,000. SHP Wealth Management bought a new stake in shares of MSCI in the 4th quarter worth about $36,000. Finally, Strategic Wealth Investment Group LLC acquired a new stake in shares of MSCI in the 2nd quarter valued at about $36,000. Institutional investors and hedge funds own 89.97% of the company's stock.

MSCI Price Performance

Shares of MSCI opened at $564.08 on Monday. MSCI Inc has a 12 month low of $501.08 and a 12 month high of $644.77. The stock has a fifty day moving average price of $582.30 and a 200 day moving average price of $573.19. The company has a market cap of $41.01 billion, a P/E ratio of 30.86, a PEG ratio of 2.15 and a beta of 1.23.

MSCI (NYSE:MSCI - Get Free Report) last posted its 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). 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 analyst estimates of $870.71 million. During the same period in the previous year, the firm earned $4.17 earnings per share. The company's revenue for the quarter was up 12.2% on a year-over-year basis. As a group, research analysts anticipate 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 will be paid on Friday, August 28th. Investors of record on Friday, August 14th will be issued a $2.05 dividend. This represents a $8.20 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date of this dividend is Friday, August 14th. MSCI's dividend payout ratio is 44.86%.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the stock. Weiss Ratings cut shares of MSCI from a "buy (b)" rating to a "buy (b-)" rating in a research report on Thursday, July 30th. Wells Fargo & Company lowered their price objective on MSCI from $700.00 to $690.00 and set an "overweight" rating for the company in a report on Wednesday, July 22nd. Raymond James Financial upped their price objective on MSCI from $730.00 to $760.00 and gave the company a "strong-buy" rating in a research note on Wednesday, July 8th. Evercore set a $722.00 target price on MSCI in a report on Wednesday, July 22nd. Finally, Rothschild & Co Redburn set a $690.00 target price on MSCI in a research report on Thursday, June 18th. One equities research analyst has rated the stock with a Strong Buy rating and eleven have assigned a Buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Buy" and an average target price 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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