MSCI Inc $MSCI Shares Acquired by California State Teachers Retirement System

Key Points

• California State Teachers Retirement System dramatically increased its MSCI stake by acquiring 60.06 million additional shares in the second quarter, bringing its holdings to 60.18 million shares, or 82.77% of the company. Institutional investors and hedge funds collectively own 89.97% of MSCI.
• MSCI’s latest quarterly results slightly missed estimates, with earnings of $4.94 per share versus $4.99 expected and revenue of $867 million versus $870.71 million forecast. Revenue nevertheless rose 12.2% year over year, while analysts project full-year earnings of $19.61 per share.
• The stock was trading near $572.27, down 0.1%, while analysts maintained a generally positive outlook with a consensus “Buy” rating and an average price target of $709.50. MSCI also pays a quarterly dividend of $2.05 per share, yielding approximately 1.4% annually.

California State Teachers Retirement System lifted its stake in shares of MSCI Inc (NYSE:MSCI - Free Report) by 52,714.5% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 60,176,298 shares of the technology company's stock after acquiring an additional 60,062,359 shares during the quarter. California State Teachers Retirement System owned 82.77% of MSCI worth $33,701,134,000 as of its most recent filing with the Securities and Exchange Commission.

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

MSCI Trading Down 0.1%

Shares of MSCI stock opened at $572.27 on Tuesday. The company has a market cap of $41.60 billion, a price-to-earnings ratio of 31.31, a price-to-earnings-growth ratio of 2.19 and a beta of 1.22. The stock has a 50 day simple moving average of $579.78 and a 200-day simple moving average of $575.28. 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 posted its quarterly earnings results on Tuesday, July 21st. The technology company reported $4.94 EPS for the quarter, missing the consensus estimate of $4.99 by ($0.05). MSCI had a net margin of 40.74% and a negative return on equity of 55.19%. The business had revenue of $867.00 million during the quarter, compared to analyst estimates of $870.71 million. During the same period in the prior 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. On average, equities analysts forecast that MSCI Inc will post 19.61 earnings per share for the current fiscal year.

MSCI Announces Dividend

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

Analysts Set New Price Targets

A number of research firms have recently commented on MSCI. Raymond James Financial increased their price objective on MSCI from $730.00 to $760.00 and gave the company a "strong-buy" rating in a report on Wednesday, July 8th. Weiss Ratings cut shares of MSCI from a "buy (b)" rating to a "buy (b-)" rating in a report on Thursday, July 30th. Bank of America boosted their price objective on shares of 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 target price on MSCI in a research report on Wednesday, July 22nd. Finally, Barclays upped their target price on MSCI from $700.00 to $735.00 and gave the company an "overweight" rating in a research report on Friday, July 10th. One investment analyst has rated the stock with a Strong Buy rating and eleven have issued a Buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Buy" and a consensus price target of $709.50.

MSCI 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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