Madison Asset Management LLC Takes Position in MSCI Inc $MSCI

Key Points

• Madison Asset Management acquired 70,420 MSCI shares worth approximately $39.4 million in the second quarter, joining other institutional investors; institutions collectively own 89.97% of the company.
• Analysts maintain a favorable outlook, with MSCI receiving a consensus “Buy” rating and an average price target of $709.50, despite mixed individual target adjustments.
• MSCI’s latest quarter showed 12.2% year-over-year revenue growth to $867 million, though earnings and revenue slightly missed estimates. The company also declared a quarterly dividend of $2.05 per share, equivalent to a 1.5% yield.

Madison Asset Management LLC acquired a new position in MSCI Inc (NYSE:MSCI - Free Report) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 70,420 shares of the technology company's stock, valued at approximately $39,438,000. Madison Asset Management LLC owned about 0.10% of MSCI at the end of the most recent quarter.

Several other large investors have also modified their holdings of MSCI. Mowery & Schoenfeld Wealth Management LLC raised its holdings in MSCI by 341.7% in the 4th quarter. Mowery & Schoenfeld Wealth Management LLC now owns 53 shares of the technology company's stock worth $30,000 after acquiring an additional 41 shares during the period. Harvest Fund Management Co. Ltd bought a new stake in MSCI during the fourth quarter valued at about $30,000. Elyxium Wealth LLC bought a new stake in MSCI during the fourth quarter valued at about $34,000. Compound Global Advisors LLC acquired a new stake in shares of MSCI in the second quarter valued at about $34,000. Finally, SHP Wealth Management acquired a new stake in shares of MSCI in the fourth quarter valued at about $36,000. 89.97% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms recently weighed in on MSCI. Barclays boosted their price objective on MSCI from $700.00 to $735.00 and gave the stock an "overweight" rating in a research report on Friday, July 10th. Wells Fargo & Company lowered their target price on MSCI from $700.00 to $690.00 and set an "overweight" rating on the stock in a report on Wednesday, July 22nd. Bank of America lifted their price target on MSCI from $715.00 to $730.00 and gave the stock a "buy" rating in a research report on Friday, July 10th. UBS Group set a $615.00 price objective on MSCI in a research report on Wednesday, July 22nd. Finally, Rothschild & Co Redburn set a $690.00 price objective on shares of MSCI in a research note on Thursday, June 18th. One analyst has rated the stock with a Strong Buy rating and eleven have assigned a Buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Buy" and an average price target of $709.50.

MSCI Stock Performance

Shares of MSCI opened at $564.44 on Thursday. The company has a 50-day simple moving average of $583.54 and a 200-day simple moving average of $573.90. 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 $41.03 billion, a P/E ratio of 30.88, a P/E/G ratio of 2.15 and a beta of 1.23.

MSCI (NYSE:MSCI - Get Free Report) last released its earnings results on Tuesday, July 21st. The technology company reported $4.94 earnings per share for the quarter, missing analysts' consensus estimates 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 for the quarter, compared to analyst estimates of $870.71 million. During the same period last year, the business earned $4.17 earnings per share. The firm's quarterly revenue was up 12.2% compared to the same quarter last year. As a group, equities analysts forecast that MSCI Inc will post 19.61 earnings per share for the current year.

MSCI Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 28th. Shareholders of record on Friday, August 14th will be given a $2.05 dividend. The ex-dividend date is Friday, August 14th. This represents a $8.20 dividend on an annualized basis and a dividend yield of 1.5%. MSCI's dividend payout ratio (DPR) is currently 44.86%.

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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