Man Group plc Takes Position in MSCI Inc $MSCI

Key Points

• Man Group plc acquired a new MSCI stake of 44,623 shares worth approximately $25 million, representing about 0.06% ownership. Institutional investors collectively own nearly 90% of MSCI’s outstanding stock.
• Analysts remain broadly bullish, with a consensus “Buy” rating and an average price target of $709.50, despite MSCI slightly missing quarterly EPS and revenue estimates.
• MSCI declared a quarterly dividend of $2.05 per share, equivalent to $8.20 annually and a 1.5% yield; quarterly revenue still increased 12.2% year over year.

Man Group plc purchased a new stake in MSCI Inc (NYSE:MSCI - Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 44,623 shares of the technology company's stock, valued at approximately $24,991,000. Man Group plc owned approximately 0.06% of MSCI as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Ancora Advisors LLC purchased a new position in MSCI during the 2nd quarter worth approximately $27,000. Harvest Fund Management Co. Ltd purchased a new stake in shares of MSCI in the fourth quarter valued at $30,000. Elyxium Wealth LLC acquired a new stake in shares of MSCI in the fourth quarter worth $34,000. Compound Global Advisors LLC acquired a new stake in shares of MSCI in the second quarter worth $34,000. Finally, SHP Wealth Management purchased a new position in shares of MSCI during the fourth quarter valued at $36,000. Institutional investors and hedge funds own 89.97% of the company's stock.

Analysts Set New Price Targets

MSCI has been the topic of several recent analyst reports. Raymond James Financial upped their price target on MSCI from $730.00 to $760.00 and gave the company a "strong-buy" rating in a research report on Wednesday, July 8th. Jefferies Financial Group initiated coverage on MSCI in a research report on Friday, July 17th. They set a "buy" rating and a $760.00 price objective for the company. Evercore set a $722.00 target price on MSCI in a research note on Wednesday, July 22nd. Weiss Ratings downgraded MSCI from a "buy (b)" rating to a "buy (b-)" rating in a report on Thursday, July 30th. Finally, Morgan Stanley reissued an "overweight" rating and issued a $700.00 price target on shares of MSCI in a research report on Tuesday, July 21st. One equities research analyst has rated the stock with a Strong Buy rating and eleven have assigned a Buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and an average target price of $709.50.

MSCI Trading Up 0.1%

NYSE MSCI opened at $564.39 on Thursday. MSCI Inc has a 1-year low of $501.08 and a 1-year high of $644.77. The company has a market capitalization of $41.03 billion, a PE ratio of 30.87, a price-to-earnings-growth ratio of 2.15 and a beta of 1.23. The firm's fifty day simple moving average is $579.99 and its 200-day simple moving average is $573.07.

MSCI (NYSE:MSCI - Get Free Report) last released its quarterly earnings data 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). MSCI had a net margin of 40.74% and a negative return on equity of 55.19%. The firm had revenue of $867.00 million for the quarter, compared to analyst estimates of $870.71 million. During the same period in the previous year, the business posted $4.17 EPS. MSCI's revenue for the quarter was up 12.2% on a year-over-year basis. As a group, analysts predict that MSCI Inc will post 19.61 EPS for the current year.

MSCI Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, August 28th. Stockholders of record on Friday, August 14th will be paid a dividend of $2.05 per share. The ex-dividend date of this dividend 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 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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