Nykredit A S Takes Position in MSCI Inc $MSCI

Key Points

• Nykredit A S acquired 17,089 MSCI shares in the second quarter, valued at approximately $9.6 million. Institutional investors and hedge funds collectively own 89.97% of the company.
• MSCI reported quarterly revenue of $867 million, up 12.2% year over year, but missed analysts’ earnings and revenue estimates slightly. The company maintains strong profitability, with a 40.74% net margin.
• Analysts remain bullish, with a consensus “Buy” rating and an average price target of $709.50, compared with the stock’s reported price of $553.10. MSCI also declared a quarterly dividend of $2.05 per share, equal to a 1.5% yield.

Nykredit A S bought a new stake in MSCI Inc (NYSE:MSCI - Free Report) during the second quarter, according to its most recent disclosure with the SEC. The firm bought 17,089 shares of the technology company's stock, valued at approximately $9,571,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Amundi boosted its stake in MSCI by 4.1% in the second quarter. Amundi now owns 359,092 shares of the technology company's stock valued at $201,106,000 after acquiring an additional 14,004 shares in the last quarter. Wellington Grp LLC grew its holdings in shares of MSCI by 21.7% during the second quarter. Wellington Grp LLC now owns 2,004 shares of the technology company's stock worth $1,122,000 after purchasing an additional 357 shares during the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new stake in shares of MSCI during the second quarter worth about $42,238,000. Washington Trust Advisors Inc. acquired a new stake in shares of MSCI during the second quarter worth about $41,000. Finally, Ameritas Advisory Services LLC purchased a new stake in shares of MSCI in the 2nd quarter valued at about $83,000. 89.97% of the stock is currently owned by institutional investors and hedge funds.

MSCI Stock Up 0.0%

NYSE MSCI opened at $553.10 on Monday. The firm has a market cap of $40.21 billion, a P/E ratio of 30.26, a P/E/G ratio of 2.11 and a beta of 1.22. MSCI Inc has a 52-week low of $501.08 and a 52-week high of $644.77. The business's 50-day moving average price is $571.14 and its 200 day moving average price is $574.96.

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 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 company had revenue of $867.00 million for the quarter, compared to analysts' expectations of $870.71 million. During the same period in the prior year, the company earned $4.17 earnings per share. The firm's revenue was up 12.2% on a year-over-year basis. As a group, analysts anticipate that MSCI Inc will post 19.61 earnings per share for the current 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. This represents a $8.20 annualized dividend and a dividend yield of 1.5%. The ex-dividend date was Friday, August 14th. MSCI's dividend payout ratio is 44.86%.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on MSCI. Jefferies Financial Group initiated coverage on MSCI in a research report on Friday, July 17th. They issued a "buy" rating and a $760.00 target price for the company. Raymond James Financial boosted their price objective on MSCI from $730.00 to $760.00 and gave the company a "strong-buy" rating in a research note on Wednesday, July 8th. Barclays increased 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. Rothschild & Co Redburn set a $690.00 target price on shares of MSCI in a research report on Thursday, June 18th. Finally, UBS Group set a $615.00 target price on shares of MSCI in a report on Wednesday, July 22nd. One equities research analyst has rated the stock with a Strong Buy rating and eleven have assigned a Buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus 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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