Heron Bay Capital Management Purchases New Stake in MSCI Inc $MSCI

Key Points

• Heron Bay Capital Management acquired 26,226 MSCI shares worth approximately $14.7 million in the second quarter, making MSCI about 1.3% of its portfolio. Institutional investors collectively own nearly 90% of the company.
• MSCI’s latest quarterly results fell slightly short of expectations, with EPS of $4.94 versus $4.99 expected and revenue of $867 million versus $870.71 million forecast; revenue nonetheless grew 12.2% year over year.
• MSCI declared a quarterly dividend of $2.05 per share, equivalent to an annualized $8.20 and a 1.5% yield. Analysts maintain a consensus “Buy” rating with an average price target of $709.50.

Heron Bay Capital Management acquired a new position in shares of MSCI Inc (NYSE:MSCI - Free Report) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 26,226 shares of the technology company's stock, valued at approximately $14,688,000. MSCI comprises approximately 1.3% of Heron Bay Capital Management's holdings, making the stock its 26th largest holding.

Several other hedge funds have also added to or reduced their stakes in the stock. Mowery & Schoenfeld Wealth Management LLC boosted its stake in MSCI by 341.7% in the fourth quarter. Mowery & Schoenfeld Wealth Management LLC now owns 53 shares of the technology company's stock valued at $30,000 after acquiring an additional 41 shares during the last quarter. Harvest Fund Management Co. Ltd purchased a new stake in shares of MSCI during the 4th quarter worth approximately $30,000. Elyxium Wealth LLC bought a new stake in shares of MSCI in the 4th quarter worth approximately $34,000. Compound Global Advisors LLC bought a new stake in shares of MSCI in the 2nd quarter worth approximately $34,000. Finally, SHP Wealth Management purchased a new position in MSCI in the fourth quarter valued at approximately $36,000. Institutional investors own 89.97% of the company's stock.

MSCI Trading Down 0.8%

MSCI opened at $564.08 on Friday. MSCI Inc has a 12 month low of $501.08 and a 12 month high of $644.77. The company has a market cap of $41.01 billion, a PE ratio of 30.86, a price-to-earnings-growth ratio of 2.17 and a beta of 1.23. The company has a 50 day moving average of $582.30 and a 200 day moving average of $573.55.

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

MSCI Announces Dividend

The business 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 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date is Friday, August 14th. MSCI's payout ratio is presently 44.86%.

Wall Street Analyst Weigh In

MSCI has been the subject of several research reports. Morgan Stanley reissued an "overweight" rating and set a $700.00 price objective on shares of MSCI in a report on Tuesday, July 21st. Barclays boosted their target price on MSCI from $700.00 to $735.00 and gave the company an "overweight" rating in a research note on Friday, July 10th. Wells Fargo & Company cut their price target on MSCI from $700.00 to $690.00 and set an "overweight" rating for the company in a research note on Wednesday, July 22nd. Bank of America lifted their price objective on MSCI from $715.00 to $730.00 and gave the stock a "buy" rating in a report on Friday, July 10th. Finally, Rothschild & Co Redburn set a $690.00 price objective on MSCI in a research note on Thursday, June 18th. One research analyst has rated the stock with a Strong Buy rating and eleven have issued a Buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Buy" and an average target price of $709.50.

MSCI 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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