Jupiter Topco LLC Acquires Shares of 11,635 MSCI Inc $MSCI

Key Points

• Jupiter Topco LLC acquired 11,635 MSCI shares in the second quarter, valued at approximately $6.5 million. Institutional investors collectively own 89.97% of MSCI’s outstanding stock.
• MSCI’s latest quarterly results showed revenue rising 12.2% year over year to $867 million, though earnings per share of $4.94 and revenue both fell slightly short of analyst expectations.
• Analysts maintain a positive outlook, with MSCI carrying a consensus “Buy” rating and an average price target of $709.50 versus a recent share price of $571.20; the company also pays a quarterly dividend of $2.05.

Jupiter Topco LLC acquired a new position in MSCI Inc (NYSE:MSCI - Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 11,635 shares of the technology company's stock, valued at approximately $6,517,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Ancora Advisors LLC purchased a new position in shares of MSCI during the second quarter valued at about $27,000. Harvest Fund Management Co. Ltd purchased a new stake in MSCI in the fourth quarter worth about $30,000. Elyxium Wealth LLC bought a new stake in MSCI during the 4th quarter valued at approximately $34,000. Compound Global Advisors LLC bought a new stake in MSCI during the 2nd quarter valued at approximately $34,000. Finally, SHP Wealth Management purchased a new position in shares of MSCI during the 4th quarter worth approximately $36,000. 89.97% of the stock is owned by hedge funds and other institutional investors.

MSCI Stock Performance

MSCI stock opened at $571.20 on Monday. The firm has a 50 day moving average price of $579.52 and a 200-day moving average price of $573.23. MSCI Inc has a 52-week low of $501.08 and a 52-week high of $644.77. The firm has a market capitalization of $41.53 billion, a price-to-earnings ratio of 31.25, a PEG ratio of 2.18 and a beta of 1.23.

MSCI (NYSE:MSCI - Get Free Report) last posted its quarterly 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 company 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 company earned $4.17 EPS. The business's quarterly revenue was up 12.2% on a year-over-year basis. As a group, sell-side analysts forecast that MSCI Inc will post 19.61 earnings per share for the current fiscal year.

MSCI Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, August 28th. Stockholders of record on Friday, August 14th were paid a $2.05 dividend. This represents a $8.20 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date of this dividend was Friday, August 14th. MSCI's dividend payout ratio is currently 44.86%.

Wall Street Analysts Forecast Growth

MSCI has been the subject of several research reports. Evercore set a $722.00 target price on MSCI in a research report on Wednesday, July 22nd. Weiss Ratings lowered MSCI from a "buy (b)" rating to a "buy (b-)" rating in a research report on Thursday, July 30th. Barclays upped their price target on MSCI from $700.00 to $735.00 and gave the stock an "overweight" rating in a research note on Friday, July 10th. Rothschild & Co Redburn set a $690.00 price objective on MSCI in a report on Thursday, June 18th. Finally, Raymond James Financial boosted their target price on shares of MSCI from $730.00 to $760.00 and gave the company a "strong-buy" rating in a report on Wednesday, July 8th. One analyst has rated the stock with a Strong Buy rating and eleven have assigned a Buy rating to the company. According to data from MarketBeat, MSCI presently has a consensus rating of "Buy" and an average 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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