Diversify Advisory Services LLC Invests $1.14 Million in MSCI Inc $MSCI

Key Points

• Diversify Advisory Services purchased 1,989 MSCI shares worth approximately $1.14 million in the second quarter. Institutional investors collectively own nearly 90% of the company.
• Wall Street maintains a positive outlook, with an average rating of “Buy” and a consensus price target of $709.50, despite mixed individual target adjustments.
• MSCI reported quarterly revenue growth of 12.2% year over year, though earnings and revenue slightly missed estimates. The company also declared a quarterly dividend of $2.05 per share, equating to a 1.5% yield.

Diversify Advisory Services LLC purchased a new stake in MSCI Inc (NYSE:MSCI - Free Report) in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund purchased 1,989 shares of the technology company's stock, valued at approximately $1,136,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Mowery & Schoenfeld Wealth Management LLC raised its holdings in shares of MSCI by 341.7% in the 4th quarter. Mowery & Schoenfeld Wealth Management LLC now owns 53 shares of the technology company's stock worth $30,000 after acquiring an additional 41 shares during the last quarter. Harvest Fund Management Co. Ltd bought a new position in MSCI in the 4th quarter valued at $30,000. Elyxium Wealth LLC purchased a new stake in MSCI during the fourth quarter worth about $34,000. Compound Global Advisors LLC bought a new stake in shares of MSCI in the 2nd quarter worth approximately $34,000. Finally, SHP Wealth Management purchased a new position in shares of MSCI during the 4th quarter valued at $36,000. Institutional investors own 89.97% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on MSCI. Weiss Ratings lowered MSCI from a "buy (b)" rating to a "buy (b-)" rating in a research note on Thursday, July 30th. Barclays upped their price objective on MSCI from $700.00 to $735.00 and gave the stock an "overweight" rating in a report on Friday, July 10th. Wells Fargo & Company reduced 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. Bank of America lifted their price target on MSCI from $715.00 to $730.00 and gave the stock a "buy" rating in a research note on Friday, July 10th. Finally, Rothschild & Co Redburn set a $690.00 price objective on shares of MSCI in a research report on Thursday, June 18th. 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 MarketBeat, the stock has an average rating of "Buy" and a consensus price target of $709.50.

MSCI Stock Performance

MSCI stock opened at $564.44 on Thursday. The firm has a 50 day moving average price of $583.54 and a 200-day moving average price of $573.90. The firm has a market capitalization of $41.03 billion, a price-to-earnings ratio of 30.88, a PEG ratio of 2.15 and a beta of 1.23. MSCI Inc has a 52-week low of $501.08 and a 52-week high of $644.77.

MSCI (NYSE:MSCI - Get Free Report) last announced its quarterly earnings data on Tuesday, July 21st. The technology company reported $4.94 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 net margin of 40.74% and a negative return on equity of 55.19%. The business's revenue for the quarter was up 12.2% compared to the same quarter last year. During the same period last year, the company posted $4.17 earnings per share. As a group, sell-side analysts forecast that MSCI Inc will post 19.61 earnings per share for the current fiscal year.

MSCI Dividend Announcement

The firm 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 dividend of $2.05 per share. This represents a $8.20 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date of this dividend is Friday, August 14th. MSCI's dividend payout ratio is presently 44.86%.

About MSCI

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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