Meritage Group LP Takes Position in MSCI Inc $MSCI

Key Points

• Meritage Group LP acquired 274,569 MSCI shares worth approximately $153.8 million during the second quarter, making MSCI its ninth-largest portfolio holding and representing about 5.9% of its portfolio.
• Analysts remain broadly bullish, with MSCI receiving an average “Buy” rating and an average price target of $709.50; recent targets range from $700 to $760.
• MSCI’s latest quarter showed 12.2% year-over-year revenue growth, though earnings and revenue slightly missed estimates. The company also declared a quarterly dividend of $2.05 per share, equivalent to a 1.5% annualized yield.

Meritage Group LP purchased a new stake in shares of MSCI Inc (NYSE:MSCI - Free Report) during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 274,569 shares of the technology company's stock, valued at approximately $153,770,000. MSCI accounts for about 5.9% of Meritage Group LP's portfolio, making the stock its 9th biggest position. Meritage Group LP owned approximately 0.38% of MSCI as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Harvest Fund Management Co. Ltd bought a new position in MSCI during the 4th quarter valued at about $30,000. Elyxium Wealth LLC purchased a new stake in shares of MSCI in the fourth quarter worth approximately $34,000. Compound Global Advisors LLC purchased a new stake in shares of MSCI in the second quarter worth approximately $34,000. SHP Wealth Management bought a new stake in shares of MSCI during the 4th quarter worth approximately $36,000. Finally, Strategic Wealth Investment Group LLC bought a new stake in shares of MSCI during the 2nd quarter worth approximately $36,000. Hedge funds and other institutional investors own 89.97% of the company's stock.

Analysts Set New Price Targets

A number of research firms recently issued reports on MSCI. Barclays boosted their price objective on MSCI from $700.00 to $735.00 and gave the company an "overweight" rating in a report on Friday, July 10th. Morgan Stanley reissued an "overweight" rating and set a $700.00 target price on shares of MSCI in a research note on Tuesday, July 21st. JPMorgan Chase & Co. upped their price target on shares of MSCI from $700.00 to $742.00 and gave the stock an "overweight" rating in a report on Monday, July 20th. Jefferies Financial Group started coverage on shares of MSCI in a research note on Friday, July 17th. They issued a "buy" rating and a $760.00 price target on the stock. Finally, Weiss Ratings lowered shares of MSCI from a "buy (b)" rating to a "buy (b-)" rating in a report on Thursday, July 30th. One analyst has rated the stock with a Strong Buy rating and eleven have assigned a Buy rating to the stock. According to data from MarketBeat.com, MSCI currently has an average rating of "Buy" and an average price target of $709.50.

MSCI Trading Up 0.1%

Shares of MSCI stock opened at $564.08 on Monday. The business's fifty day simple moving average is $582.30 and its 200-day simple moving average is $573.19. The company has a market cap of $41.01 billion, a PE ratio of 30.86, a PEG ratio of 2.15 and a beta of 1.23. MSCI Inc has a 12-month low of $501.08 and a 12-month high of $644.77.

MSCI (NYSE:MSCI - Get Free Report) last released its quarterly earnings results on Tuesday, July 21st. The technology company reported $4.94 EPS for the quarter, missing analysts' consensus estimates of $4.99 by ($0.05). The business had revenue of $867.00 million during the quarter, compared to analysts' expectations of $870.71 million. MSCI had a net margin of 40.74% and a negative return on equity of 55.19%. The company's quarterly revenue was up 12.2% compared to the same quarter last year. During the same quarter last year, the business posted $4.17 earnings per share. On average, equities analysts forecast that MSCI Inc will post 19.61 earnings per share for the current year.

MSCI Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 28th. Shareholders of record on Friday, August 14th will be paid a dividend of $2.05 per share. 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 presently 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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