EP Wealth Advisors LLC purchased a new position in MSCI Inc (NYSE:MSCI - Free Report) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 3,882 shares of the technology company's stock, valued at approximately $2,174,000.
Several other institutional investors also recently added to or reduced their stakes in the stock. Ieq Capital LLC purchased a new stake in MSCI during the second quarter worth about $12,723,000. Heron Bay Capital Management bought a new stake in MSCI in the second quarter worth about $14,688,000. Callan Family Office LLC bought a new stake in MSCI in the second quarter worth about $3,086,000. Keating Financial Advisory Services Inc. purchased a new position in MSCI in the second quarter valued at about $114,000. Finally, OneAscent Investment Solutions LLC purchased a new position in MSCI in the second quarter valued at about $265,000. Institutional investors own 89.97% of the company's stock.
MSCI Stock Down 0.8%
Shares of NYSE:MSCI opened at $564.08 on Friday. The firm has a market capitalization of $41.01 billion, a PE ratio of 30.86, a P/E/G ratio of 2.15 and a beta of 1.23. MSCI Inc has a twelve month low of $501.08 and a twelve month high of $644.77. The company has a 50-day moving average price of $582.30 and a two-hundred day moving average price of $573.55.
MSCI (NYSE:MSCI - Get Free Report) last posted its earnings results 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). MSCI had a negative return on equity of 55.19% and a net margin of 40.74%.The business had revenue of $867.00 million during the quarter, compared to analysts' expectations of $870.71 million. During the same quarter in the previous year, the business earned $4.17 EPS. MSCI's revenue for the quarter was up 12.2% on a year-over-year basis. Analysts anticipate that MSCI Inc will post 19.61 earnings per share for the current fiscal 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. The ex-dividend date of this dividend is Friday, August 14th. This represents a $8.20 annualized dividend and a yield of 1.5%. MSCI's dividend payout ratio (DPR) is 44.86%.
Analyst Ratings Changes
A number of research analysts have recently weighed in on MSCI shares. JPMorgan Chase & Co. increased their target price 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. Rothschild & Co Redburn set a $690.00 price target on shares of MSCI in a report on Thursday, June 18th. Barclays upped their price objective on MSCI from $700.00 to $735.00 and gave the company an "overweight" rating in a research note on Friday, July 10th. UBS Group set a $615.00 price objective on MSCI in a report on Wednesday, July 22nd. Finally, Raymond James Financial raised their target price on MSCI from $730.00 to $760.00 and gave the stock a "strong-buy" rating in a research report on Wednesday, July 8th. One investment analyst has rated the stock with a Strong Buy rating and eleven have issued a Buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Buy" and a consensus target price of $709.50.
Check Out 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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