Healthcare of Ontario Pension Plan Trust Fund Raises Holdings in MSCI Inc $MSCI

Healthcare of Ontario Pension Plan Trust Fund boosted its position in MSCI Inc (NYSE:MSCI - Free Report) by 259.8% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 10,685 shares of the technology company's stock after purchasing an additional 7,715 shares during the quarter. Healthcare of Ontario Pension Plan Trust Fund's holdings in MSCI were worth $5,759,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Norges Bank purchased a new stake in MSCI during the 4th quarter worth about $528,560,000. Carolina Wealth Advisors LLC acquired a new position in MSCI in the fourth quarter valued at $1,302,000. PICTET BANK & TRUST Ltd increased its position in MSCI by 116.8% in the 4th quarter. PICTET BANK & TRUST Ltd now owns 5,150 shares of the technology company's stock valued at $2,955,000 after acquiring an additional 2,775 shares during the period. SBI Okasan Asset Management Co.Ltd. purchased a new stake in shares of MSCI during the fourth quarter worth approximately $1,406,000. Finally, Retail Employees Superannuation Pty Ltd as trustee for Retail Employees Superannuation Trust purchased a new position in MSCI during the 4th quarter worth $13,636,000. Hedge funds and other institutional investors own 89.97% of the company's stock.

MSCI Stock Up 0.7%

Shares of MSCI stock opened at $583.39 on Thursday. The business has a 50-day moving average price of $596.46 and a 200 day moving average price of $576.67. MSCI Inc has a fifty-two week low of $501.08 and a fifty-two week high of $644.77. The firm has a market cap of $42.41 billion, a P/E ratio of 31.91, a P/E/G ratio of 2.21 and a beta of 1.24.

MSCI (NYSE:MSCI - Get Free Report) last issued its earnings results on Tuesday, July 21st. The technology company reported $4.94 EPS 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 firm had revenue of $867.00 million during the quarter, compared to analyst estimates of $870.71 million. During the same quarter in the previous year, the business posted $4.17 EPS. MSCI's revenue was up 12.2% compared to the same quarter last year. As a group, equities research analysts anticipate that MSCI Inc will post 19.58 earnings per share for the current year.

MSCI Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 28th. Shareholders of record on Friday, August 14th will be paid a dividend of $2.05 per share. The ex-dividend date is Friday, August 14th. This represents a $8.20 annualized dividend and a yield of 1.4%. MSCI's payout ratio is presently 44.86%.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on MSCI. Wells Fargo & Company reduced their price objective on MSCI from $700.00 to $690.00 and set an "overweight" rating for the company in a report on Wednesday, July 22nd. Evercore set a $722.00 price objective on MSCI in a research report on Wednesday, July 22nd. Bank of America upped their price target on shares of MSCI from $715.00 to $730.00 and gave the stock a "buy" rating in a research report on Friday, July 10th. Morgan Stanley restated an "overweight" rating and set a $700.00 price target on shares of MSCI in a research note on Tuesday, July 21st. Finally, UBS Group set a $615.00 target price on shares of MSCI in a research note on Wednesday, July 22nd. One investment analyst has rated the stock with a Strong Buy rating and eleven have assigned a Buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus 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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