MSCI Inc $MSCI Shares Purchased by Andra AP fonden

Key Points

• Andra AP fonden increased its MSCI stake by 477.6% in the second quarter, ending with 15,480 shares valued at approximately $8.7 million. Institutional investors and hedge funds collectively own 89.97% of MSCI.
• MSCI shares opened at $549.48, down 1.7%, and remain below their 52-week high of $644.77. The company reported quarterly EPS of $4.94, below the $4.99 consensus, while revenue rose 12.2% year over year to $867 million.
• Analysts remain broadly bullish, with an average rating of “Buy” and an average price target of $709.50. MSCI also declared a quarterly dividend of $2.05 per share, equivalent to an annualized yield of 1.5%.

Andra AP fonden raised its position in MSCI Inc (NYSE:MSCI - Free Report) by 477.6% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 15,480 shares of the technology company's stock after purchasing an additional 12,800 shares during the period. Andra AP fonden's holdings in MSCI were worth $8,669,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in MSCI. BlackRock Inc. acquired a new stake in shares of MSCI in the second quarter valued at about $3,062,626,000. Bamco Inc. NY purchased a new stake in MSCI during the 2nd quarter valued at about $1,798,710,000. T. Rowe Price Investment Management Inc. grew its stake in MSCI by 13.2% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 1,446,291 shares of the technology company's stock valued at $829,781,000 after acquiring an additional 168,405 shares in the last quarter. Norges Bank purchased a new stake in MSCI during the 4th quarter valued at about $528,560,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. acquired a new stake in shares of MSCI in the second quarter valued at approximately $480,613,000. Institutional investors and hedge funds own 89.97% of the company's stock.

MSCI Stock Down 1.7%

Shares of MSCI stock opened at $549.48 on Wednesday. The company has a market capitalization of $39.95 billion, a P/E ratio of 30.06, a P/E/G ratio of 2.13 and a beta of 1.22. The company has a 50 day moving average of $568.71 and a 200 day moving average of $574.76. MSCI Inc has a 52-week low of $501.08 and a 52-week high of $644.77.

MSCI (NYSE:MSCI - Get Free Report) last posted its quarterly earnings data 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 analyst estimates of $870.71 million. MSCI had a net margin of 40.74% and a negative return on equity of 55.19%. The company's revenue for the quarter was up 12.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $4.17 earnings per share. As a group, research analysts anticipate that MSCI Inc will post 19.61 earnings per share for the current fiscal year.

MSCI Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, August 28th. Shareholders of record on Friday, August 14th were paid a $2.05 dividend. This represents a $8.20 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date of this dividend was Friday, August 14th. MSCI's dividend payout ratio (DPR) is presently 44.86%.

Analyst Ratings Changes

MSCI has been the topic of a number of analyst reports. UBS Group set a $615.00 price objective on MSCI in a research report on Wednesday, July 22nd. Raymond James Financial upped their target price on MSCI from $730.00 to $760.00 and gave the company a "strong-buy" rating in a report on Wednesday, July 8th. JPMorgan Chase & Co. raised their target price on MSCI from $700.00 to $742.00 and gave the stock an "overweight" rating in a research note on Monday, July 20th. Rothschild & Co Redburn set a $690.00 price target on MSCI in a report on Thursday, June 18th. Finally, Morgan Stanley reissued an "overweight" rating and set a $700.00 price target on shares of MSCI in a research report on Tuesday, July 21st. One 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.com, the company presently has an average rating of "Buy" and an average price target of $709.50.

MSCI Profile

MSCI Inc is a global provider of investment decision-support tools and services for institutional investors, asset managers, wealth managers, banks and other financial institutions. The company is best known for its indexes, which are used to benchmark portfolios and support the design of investment products such as exchange-traded funds and other index-based strategies.

In addition to indexes covering equities, fixed income and other asset classes, MSCI provides portfolio analytics, risk-management tools, performance measurement and investment data.

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