Danske Bank A S Buys Shares of 39,161 MSCI Inc $MSCI

Key Points

• Danske Bank acquired 39,161 MSCI shares in the second quarter, valued at approximately $21.9 million, giving it a 0.05% stake. Institutional investors collectively own about 89.97% of MSCI.
• MSCI reported quarterly revenue of $867 million, up 12.2% year over year, but earnings per share of $4.94 missed analysts’ $4.99 consensus estimate. The company declared a quarterly dividend of $2.05 per share, implying a 1.4% annualized yield.
• Analysts remain broadly positive, with an average “Buy” rating and a consensus price target of $709.50, compared with the stock’s reported price of $568.09.

Danske Bank A S purchased a new stake in shares of MSCI Inc (NYSE:MSCI - Free Report) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 39,161 shares of the technology company's stock, valued at approximately $21,932,000. Danske Bank A S owned about 0.05% of MSCI at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. BlackRock Inc. purchased a new stake in MSCI in the 2nd quarter worth about $3,062,626,000. Norges Bank purchased a new stake in MSCI during the fourth quarter valued at about $528,560,000. Mitsubishi UFJ Asset Management Co. Ltd. purchased a new stake in MSCI during the second quarter valued at about $480,613,000. Bank of New York Mellon Corp bought a new position in MSCI during the second quarter worth about $234,905,000. Finally, Deutsche Bank AG bought a new position in MSCI during the second quarter worth about $207,946,000. Institutional investors own 89.97% of the company's stock.

MSCI Trading Up 0.5%

Shares of NYSE MSCI opened at $568.09 on Friday. MSCI Inc has a 12 month low of $501.08 and a 12 month high of $644.77. The firm has a market capitalization of $41.30 billion, a price-to-earnings ratio of 31.08, a PEG ratio of 2.16 and a beta of 1.23. The business has a 50-day moving average of $583.00 and a 200-day moving average of $573.62.

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 for the quarter, missing the consensus estimate of $4.99 by ($0.05). The company had revenue of $867.00 million during the quarter, compared to the consensus estimate of $870.71 million. MSCI had a negative return on equity of 55.19% and a net margin of 40.74%.The firm's revenue for the quarter was up 12.2% on a year-over-year basis. During the same quarter last year, the company posted $4.17 earnings per share. On average, analysts predict that MSCI Inc will post 19.61 earnings per share for the current year.

MSCI Dividend Announcement

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 issued 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 1.4%. MSCI's dividend payout ratio is presently 44.86%.

Analysts Set New Price Targets

Several analysts have recently issued reports on the stock. Raymond James Financial boosted their price target on shares of MSCI from $730.00 to $760.00 and gave the company a "strong-buy" rating in a research report on Wednesday, July 8th. Rothschild & Co Redburn set a $690.00 price objective on shares of MSCI in a report on Thursday, June 18th. JPMorgan Chase & Co. lifted 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. Wells Fargo & Company lowered their target price on shares of MSCI from $700.00 to $690.00 and set an "overweight" rating on the stock in a report on Wednesday, July 22nd. Finally, Barclays increased their target price on MSCI from $700.00 to $735.00 and gave the stock an "overweight" rating in a research report on Friday, July 10th. 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 data from MarketBeat, the stock currently has an average rating of "Buy" and a consensus 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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