McElhenny Sheffield Capital Management LLC Makes New Investment in MSCI Inc $MSCI

Key Points

• McElhenny Sheffield Capital Management LLC acquired 834 shares of MSCI Inc, valued at approximately $481,000, in the second quarter.
• MSCI reported earnings of $4.17 per share for the last quarter, beating estimates by $0.05 and reflecting a 9.1% year-over-year revenue growth.
• The company announced a quarterly dividend of $1.80, resulting in an annual yield of 1.3% and a payout ratio of 47.68%.

McElhenny Sheffield Capital Management LLC acquired a new position in MSCI Inc (NYSE:MSCI - Free Report) in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 834 shares of the technology company's stock, valued at approximately $481,000.

A number of other institutional investors have also added to or reduced their stakes in MSCI. Olde Wealth Management LLC bought a new position in MSCI in the first quarter worth $27,000. Meeder Asset Management Inc. raised its holdings in MSCI by 136.4% in the first quarter. Meeder Asset Management Inc. now owns 52 shares of the technology company's stock worth $29,000 after purchasing an additional 30 shares in the last quarter. Steph & Co. bought a new position in MSCI in the second quarter worth $35,000. Migdal Insurance & Financial Holdings Ltd. raised its holdings in MSCI by 50.0% in the first quarter. Migdal Insurance & Financial Holdings Ltd. now owns 66 shares of the technology company's stock worth $37,000 after purchasing an additional 22 shares in the last quarter. Finally, Banque Transatlantique SA raised its holdings in MSCI by 355.6% in the first quarter. Banque Transatlantique SA now owns 82 shares of the technology company's stock worth $43,000 after purchasing an additional 64 shares in the last quarter. Institutional investors own 89.97% of the company's stock.

MSCI Stock Performance

MSCI stock opened at $566.95 on Thursday. MSCI Inc has a fifty-two week low of $486.73 and a fifty-two week high of $642.45. The business's 50-day moving average is $564.28 and its two-hundred day moving average is $559.55. The company has a market cap of $43.86 billion, a price-to-earnings ratio of 37.55, a P/E/G ratio of 2.78 and a beta of 1.33.

MSCI (NYSE:MSCI - Get Free Report) last posted its earnings results on Tuesday, July 22nd. The technology company reported $4.17 earnings per share for the quarter, beating analysts' consensus estimates of $4.12 by $0.05. MSCI had a negative return on equity of 143.13% and a net margin of 39.46%.The company had revenue of $772.68 million for the quarter, compared to the consensus estimate of $763.06 million. During the same quarter in the prior year, the company earned $3.64 earnings per share. MSCI's revenue was up 9.1% on a year-over-year basis. Equities analysts predict that MSCI Inc will post 16.86 earnings per share for the current year.

MSCI Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, August 29th. Shareholders of record on Friday, August 15th were issued a $1.80 dividend. The ex-dividend date of this dividend was Friday, August 15th. This represents a $7.20 dividend on an annualized basis and a yield of 1.3%. MSCI's dividend payout ratio is currently 47.68%.

Analyst Upgrades and Downgrades

Several research firms have commented on MSCI. Seaport Res Ptn raised MSCI to a "strong-buy" rating in a report on Wednesday, October 1st. Raymond James Financial raised MSCI from a "market perform" rating to an "outperform" rating and set a $650.00 target price on the stock in a report on Friday, July 25th. Weiss Ratings reissued a "buy (b-)" rating on shares of MSCI in a report on Wednesday. JPMorgan Chase & Co. boosted their target price on MSCI from $625.00 to $655.00 and gave the stock an "overweight" rating in a report on Wednesday, September 10th. Finally, Wells Fargo & Company dropped their target price on MSCI from $578.00 to $533.00 and set an "equal weight" rating on the stock in a report on Wednesday, July 23rd. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, MSCI has an average rating of "Moderate Buy" and a consensus target price of $649.70.

Insiders Place Their Bets

In other news, CEO Henry A. Fernandez bought 9,916 shares of the stock in a transaction on Thursday, July 24th. The shares were bought at an average price of $544.70 per share, with a total value of $5,401,245.20. Following the completion of the acquisition, the chief executive officer owned 1,279,867 shares in the company, valued at $697,143,554.90. The trade was a 0.78% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders bought a total of 12,400 shares of company stock valued at $6,731,599 over the last 90 days. 3.31% of the stock is currently owned by corporate insiders.

About MSCI

MSCI Inc, together with its subsidiaries, provides critical decision support tools and solutions for the investment community to manage investment processes worldwide. The Index segment provides indexes for use in various areas of the investment process, including indexed financial product, such as ETFs, mutual funds, annuities, futures, options, structured products, and over-the-counter derivatives; performance benchmarking; portfolio construction and rebalancing; and asset allocation, as well as licenses GICS and GICS Direct.

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