Glenmede Trust Co. NA Sells 2,948 Shares of MSCI Inc $MSCI

Key Points

• Glenmede Trust Co. NA reduced its MSCI holdings by 12.8% in the first quarter, selling 2,948 shares and retaining 20,143 shares valued at approximately $10.86 million.
• Analysts remain bullish on MSCI, with a consensus “Buy” rating and average price target of $709.50; several firms recently raised their targets, including Raymond James to $760.
• 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, equivalent to an annualized yield of about 1.4%.

Glenmede Trust Co. NA trimmed its holdings in MSCI Inc (NYSE:MSCI - Free Report) by 12.8% in the first quarter, according to the company in its most recent filing with the SEC. The fund owned 20,143 shares of the technology company's stock after selling 2,948 shares during the quarter. Glenmede Trust Co. NA's holdings in MSCI were worth $10,857,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in MSCI. Norges Bank bought a new stake in shares of MSCI in the 4th quarter valued at about $528,560,000. Carolina Wealth Advisors LLC purchased a new position in MSCI in the 4th quarter worth approximately $1,302,000. SBI Okasan Asset Management Co.Ltd. bought a new stake in MSCI in the fourth quarter valued at approximately $1,406,000. Retail Employees Superannuation Pty Ltd as trustee for Retail Employees Superannuation Trust bought a new stake in MSCI in the fourth quarter valued at approximately $13,636,000. Finally, FourThought Financial Partners LLC boosted its stake in shares of MSCI by 19.0% during the fourth quarter. FourThought Financial Partners LLC now owns 11,674 shares of the technology company's stock valued at $6,697,000 after purchasing an additional 1,862 shares during the period. Hedge funds and other institutional investors own 89.97% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on MSCI. Rothschild & Co Redburn set a $690.00 target price on shares of MSCI in a report on Thursday, June 18th. Wells Fargo & Company lowered their price target on shares of MSCI from $700.00 to $690.00 and set an "overweight" rating for the company in a report on Wednesday, July 22nd. Bank of America increased their price target on shares of MSCI from $715.00 to $730.00 and gave the company a "buy" rating in a research report on Friday, July 10th. JPMorgan Chase & Co. raised their price target on shares of MSCI from $700.00 to $742.00 and gave the stock an "overweight" rating in a report on Monday, July 20th. Finally, 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. One investment analyst has rated the stock with a Strong Buy rating and eleven have given a Buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Buy" and an average price target of $709.50.

MSCI Stock Performance

MSCI opened at $573.83 on Monday. The stock has a market capitalization of $41.72 billion, a PE ratio of 31.39, a price-to-earnings-growth ratio of 2.18 and a beta of 1.23. The stock's 50 day moving average price is $596.03 and its 200-day moving average price is $576.54. 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 results 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 revenue was up 12.2% compared to the same quarter last year. During the same period in the previous year, the business earned $4.17 EPS. Research analysts forecast that MSCI Inc will post 19.61 EPS for the current fiscal year.

MSCI Announces Dividend

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