Fairtree Asset Management Pty Ltd Invests $1.82 Million in MSCI Inc $MSCI

Key Points

• Fairtree Asset Management initiated a $1.82 million position in MSCI during the second quarter, while institutional investors collectively own approximately 89.97% of the company.
• MSCI’s latest quarterly results fell slightly short of analyst expectations, with EPS of $4.94 versus $4.99 expected and revenue of $867 million; however, revenue increased 12.2% year over year.
• Analysts remain bullish, assigning the stock a consensus “Buy” rating and an average price target of $709.50, while MSCI declared a quarterly dividend of $2.05 per share.

Fairtree Asset Management Pty Ltd bought a new stake in shares of MSCI Inc (NYSE:MSCI - Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 3,250 shares of the technology company's stock, valued at approximately $1,820,000.

Several other institutional investors have also added to or reduced their stakes in MSCI. Norges Bank bought a new position in shares of MSCI in the fourth quarter worth about $528,560,000. Retail Employees Superannuation Pty Ltd as trustee for Retail Employees Superannuation Trust bought a new stake in MSCI during the 4th quarter worth approximately $13,636,000. SBI Okasan Asset Management Co.Ltd. purchased a new position in MSCI during the fourth quarter valued at approximately $1,406,000. FourThought Financial Partners LLC boosted its position in shares of MSCI by 19.0% in the fourth quarter. FourThought Financial Partners LLC now owns 11,674 shares of the technology company's stock worth $6,697,000 after purchasing an additional 1,862 shares during the period. Finally, MUFG Securities EMEA plc increased its stake in shares of MSCI by 5,509.7% in the fourth quarter. MUFG Securities EMEA plc now owns 83,080 shares of the technology company's stock worth $47,665,000 after purchasing an additional 81,599 shares in the last quarter. 89.97% of the stock is currently owned by institutional investors.

MSCI Stock Performance

Shares of MSCI opened at $568.09 on Friday. The stock has a market capitalization of $41.30 billion, a PE ratio of 31.08, a P/E/G ratio of 2.16 and a beta of 1.23. The company's fifty day moving average is $583.00 and its 200 day moving average is $573.62. MSCI Inc has a fifty-two week low of $501.08 and a fifty-two week high of $644.77.

MSCI (NYSE:MSCI - Get Free Report) last issued its quarterly earnings data on Tuesday, July 21st. The technology company reported $4.94 EPS for the quarter, missing analysts' consensus estimates of $4.99 by ($0.05). The business had revenue of $867.00 million during the quarter, compared to analysts' expectations of $870.71 million. MSCI had a negative return on equity of 55.19% and a net margin of 40.74%.The business's quarterly revenue was up 12.2% on a year-over-year basis. During the same period in the previous year, the business earned $4.17 earnings per share. As a group, research analysts forecast that MSCI Inc will post 19.61 earnings per share for the current year.

MSCI Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 28th. Stockholders of record on Friday, August 14th will be paid a $2.05 dividend. This represents a $8.20 annualized dividend and a dividend yield of 1.4%. The ex-dividend date of this dividend is Friday, August 14th. MSCI's dividend payout ratio (DPR) is presently 44.86%.

Wall Street Analysts Forecast Growth

A number of research firms have commented on MSCI. Rothschild & Co Redburn set a $690.00 price target on MSCI in a report on Thursday, June 18th. JPMorgan Chase & Co. boosted their price target on MSCI from $700.00 to $742.00 and gave the stock an "overweight" rating in a report on Monday, July 20th. Bank of America increased their price objective on shares of MSCI from $715.00 to $730.00 and gave the company a "buy" rating in a report on Friday, July 10th. Barclays upped their target price on shares of MSCI from $700.00 to $735.00 and gave the stock an "overweight" rating in a research report on Friday, July 10th. Finally, Wells Fargo & Company decreased their price target 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. One 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 has an average rating of "Buy" and a consensus price target 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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