EFG International AG Takes $1.28 Million Position in MSCI Inc $MSCI

Key Points

• EFG International AG purchased 2,282 MSCI shares during the second quarter, establishing a position valued at approximately $1.28 million. Institutional investors collectively own nearly 90% of MSCI’s outstanding stock.
• MSCI’s latest quarterly results slightly missed analyst expectations, with EPS of $4.94 versus $4.99 expected and revenue of $867 million versus $870.71 million forecast. Revenue nevertheless increased 12.2% year over year.
• Analysts remain broadly bullish, with MSCI carrying a consensus “Buy” rating and an average price target of $709.50, compared with a recent share price of $564.39. The company also declared a quarterly dividend of $2.05 per share, representing a 1.5% yield.

EFG International AG purchased a new stake in MSCI Inc (NYSE:MSCI - Free Report) in the second quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 2,282 shares of the technology company's stock, valued at approximately $1,278,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in MSCI. Ancora Advisors LLC purchased a new stake in MSCI during the second quarter valued at approximately $27,000. Harvest Fund Management Co. Ltd purchased a new position in shares of MSCI in the 4th quarter worth approximately $30,000. Elyxium Wealth LLC purchased a new position in shares of MSCI in the 4th quarter worth approximately $34,000. Compound Global Advisors LLC bought a new position in shares of MSCI during the 2nd quarter valued at approximately $34,000. Finally, SHP Wealth Management bought a new position in shares of MSCI during the 4th quarter valued at approximately $36,000. Hedge funds and other institutional investors own 89.97% of the company's stock.

MSCI Price Performance

MSCI stock opened at $564.39 on Thursday. The stock has a market cap of $41.03 billion, a price-to-earnings ratio of 30.87, a price-to-earnings-growth ratio of 2.15 and a beta of 1.23. MSCI Inc has a 1 year low of $501.08 and a 1 year high of $644.77. The firm has a 50-day moving average of $579.99 and a two-hundred day moving average of $573.07.

MSCI (NYSE:MSCI - Get Free Report) last posted its quarterly 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 negative return on equity of 55.19% and a net margin of 40.74%.The firm had revenue of $867.00 million for the quarter, compared to the consensus estimate of $870.71 million. During the same period in the previous year, the company posted $4.17 EPS. MSCI's quarterly revenue was up 12.2% compared to the same quarter last year. Research analysts expect that MSCI Inc will post 19.61 earnings per share for the current year.

MSCI Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 28th. Investors of record on Friday, August 14th will be paid a dividend of $2.05 per share. This represents a $8.20 annualized dividend and a dividend yield of 1.5%. The ex-dividend date is Friday, August 14th. MSCI's payout ratio is 44.86%.

Analyst Ratings Changes

A number of analysts recently issued reports on MSCI shares. Jefferies Financial Group assumed coverage on MSCI in a research report on Friday, July 17th. They issued a "buy" rating and a $760.00 price target for the company. Raymond James Financial boosted their price objective 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. 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 research note on Wednesday, July 22nd. JPMorgan Chase & Co. lifted their price target on shares of MSCI from $700.00 to $742.00 and gave the stock an "overweight" rating in a research note on Monday, July 20th. Finally, Bank of America upped their price target on shares of MSCI from $715.00 to $730.00 and gave the company a "buy" rating in a report on Friday, July 10th. One investment 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.com, MSCI presently 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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