MSCI Inc $MSCI Shares Sold by Wellington Management Group LLP

Key Points

• Wellington Management reduced its MSCI stake by 8.7% in the second quarter, selling 48,060 shares and retaining 507,299 shares valued at approximately $284.1 million.
• Institutional ownership remains high at 89.97%, with BlackRock, Bamco, Norges Bank, Mitsubishi UFJ Asset Management and Generation Investment Management among investors recently acquiring MSCI shares.
• MSCI reported quarterly revenue of $867 million and EPS of $4.94, slightly below analyst expectations, while revenue rose 12.2% year over year. Analysts maintain a consensus “Buy” rating with a $709.50 price target, and the company pays an annualized dividend of $8.20 per share.

Wellington Management Group LLP lowered its position in MSCI Inc (NYSE:MSCI - Free Report) by 8.7% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 507,299 shares of the technology company's stock after selling 48,060 shares during the period. Wellington Management Group LLP owned approximately 0.70% of MSCI worth $284,108,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. BlackRock Inc. acquired a new stake in MSCI during the 2nd quarter valued at approximately $3,062,626,000. Bamco Inc. NY purchased a new stake in shares of MSCI in the 2nd quarter valued at $1,798,710,000. Norges Bank acquired a new stake in shares of MSCI in the fourth quarter worth $528,560,000. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new stake in shares of MSCI in the second quarter worth $480,613,000. Finally, Generation Investment Management LLP purchased a new position in shares of MSCI during the second quarter worth $301,493,000. Institutional investors and hedge funds own 89.97% of the company's stock.

MSCI Stock Performance

Shares of NYSE MSCI opened at $571.20 on Monday. MSCI Inc has a 1 year low of $501.08 and a 1 year high of $644.77. The company's fifty day moving average price is $579.52 and its 200 day moving average price is $573.23. The company has a market capitalization of $41.53 billion, a PE ratio of 31.25, a price-to-earnings-growth ratio of 2.18 and a beta of 1.23.

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

MSCI Announces Dividend

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

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on MSCI shares. Raymond James Financial upped their price target on shares of MSCI from $730.00 to $760.00 and gave the company a "strong-buy" rating in a report on Wednesday, July 8th. Wells Fargo & Company reduced their price objective on MSCI from $700.00 to $690.00 and set an "overweight" rating for the company in a research note on Wednesday, July 22nd. Jefferies Financial Group started coverage on MSCI in a report on Friday, July 17th. They issued a "buy" rating and a $760.00 price objective for the company. Rothschild & Co Redburn set a $690.00 target price on MSCI in a research note on Thursday, June 18th. Finally, Bank of America raised their target price on MSCI from $715.00 to $730.00 and gave the stock a "buy" rating in a report on Friday, July 10th. One analyst has rated the stock with a Strong Buy rating and eleven have assigned a Buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Buy" and a consensus target price of $709.50.

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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