Corient Private Wealth LP bought a new position in MSCI Inc (NYSE:MSCI - Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 15,435 shares of the technology company's stock, valued at approximately $8,644,000.
Several other institutional investors and hedge funds also recently made changes to their positions in the company. Petrus Trust Company LTA purchased a new stake in MSCI during the second quarter valued at about $32,564,000. Bamco Inc. NY bought a new position in shares of MSCI in the second quarter worth $1,798,710,000. Bank of America Corp DE purchased a new position in shares of MSCI in the second quarter valued at $220,371,000. Strategic Global Advisors LLC bought a new stake in shares of MSCI during the 2nd quarter valued at $12,717,000. Finally, Freestone Grove Partners LP bought a new stake in shares of MSCI during the 2nd quarter valued at $28,306,000. Institutional investors own 89.97% of the company's stock.
MSCI Stock Performance
Shares of MSCI stock opened at $571.20 on Monday. MSCI Inc has a 52-week low of $501.08 and a 52-week high of $644.77. The company has a market capitalization of $41.53 billion, a PE ratio of 31.25, a price-to-earnings-growth ratio of 2.18 and a beta of 1.23. The business's fifty day moving average is $579.52 and its 200 day moving average is $573.23.
MSCI (NYSE:MSCI - Get Free Report) last posted its quarterly earnings data 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). MSCI had a net margin of 40.74% and a negative return on equity of 55.19%. The business had revenue of $867.00 million for the quarter, compared to the consensus estimate of $870.71 million. During the same period in the prior year, the business posted $4.17 EPS. MSCI's quarterly revenue was up 12.2% on a year-over-year basis. On average, sell-side analysts forecast that MSCI Inc will post 19.61 EPS for the current fiscal year.
MSCI Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Friday, August 28th. Shareholders of record on Friday, August 14th were issued a $2.05 dividend. The ex-dividend date of this dividend was 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%.
Analysts Set New Price Targets
Several brokerages have commented on MSCI. Jefferies Financial Group assumed coverage on MSCI in a research note on Friday, July 17th. They issued a "buy" rating and a $760.00 target price for the company. Raymond James Financial upped their price target on MSCI from $730.00 to $760.00 and gave the company a "strong-buy" rating in a research report on Wednesday, July 8th. Weiss Ratings downgraded shares of MSCI from a "buy (b)" rating to a "buy (b-)" rating in a report on Thursday, July 30th. JPMorgan Chase & Co. raised their price objective on shares of MSCI from $700.00 to $742.00 and gave the company an "overweight" rating in a research report on Monday, July 20th. Finally, UBS Group set a $615.00 price objective on shares of MSCI in a research report on Wednesday, July 22nd. One analyst has rated the stock with a Strong Buy rating and eleven have issued a Buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Buy" and a consensus target price of $709.50.
View Our Latest Report on MSCI
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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