OneAscent Investment Solutions LLC Makes New Investment in MSCI Inc (NYSE:MSCI)

Key Points

• OneAscent Investment Solutions LLC has acquired a new position in MSCI Inc, purchasing 628 shares valued at approximately $355,000.
• MSCI announced a quarterly dividend of $1.80 per share, representing an annualized yield of 1.3%, with the ex-dividend date set for August 15th.
• The company's latest earnings report showed a 9.1% increase in revenue year-over-year, with an EPS of $4.17, exceeding analysts' expectations.

OneAscent Investment Solutions LLC acquired a new position in MSCI Inc (NYSE:MSCI - Free Report) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 628 shares of the technology company's stock, valued at approximately $355,000.

Several other large investors have also recently bought and sold shares of MSCI. Sagespring Wealth Partners LLC purchased a new position in MSCI in the fourth quarter worth $263,000. Mariner LLC raised its position in MSCI by 2.5% in the fourth quarter. Mariner LLC now owns 19,824 shares of the technology company's stock worth $11,894,000 after acquiring an additional 492 shares in the last quarter. Guggenheim Capital LLC raised its position in MSCI by 9.5% in the fourth quarter. Guggenheim Capital LLC now owns 1,861 shares of the technology company's stock worth $1,117,000 after acquiring an additional 161 shares in the last quarter. Jump Financial LLC raised its position in MSCI by 83.0% in the fourth quarter. Jump Financial LLC now owns 15,328 shares of the technology company's stock worth $9,197,000 after acquiring an additional 6,952 shares in the last quarter. Finally, NewEdge Advisors LLC raised its position in MSCI by 5.2% in the fourth quarter. NewEdge Advisors LLC now owns 11,850 shares of the technology company's stock worth $7,110,000 after acquiring an additional 591 shares in the last quarter. Hedge funds and other institutional investors own 89.97% of the company's stock.

MSCI Trading Up 3.1%

MSCI stock opened at $567.29 on Thursday. The stock has a market cap of $43.89 billion, a PE ratio of 37.57, a P/E/G ratio of 2.69 and a beta of 1.29. The stock has a 50-day moving average price of $562.08 and a 200 day moving average price of $562.09. MSCI Inc has a 52 week low of $486.73 and a 52 week high of $642.45.

MSCI (NYSE:MSCI - Get Free Report) last posted its quarterly earnings data on Tuesday, July 22nd. The technology company reported $4.17 EPS for the quarter, topping analysts' consensus estimates of $4.12 by $0.05. The firm had revenue of $772.68 million during the quarter, compared to analysts' expectations of $763.06 million. MSCI had a negative return on equity of 143.13% and a net margin of 39.46%. The firm's quarterly revenue was up 9.1% compared to the same quarter last year. During the same quarter last year, the business posted $3.64 EPS. On average, equities analysts predict that MSCI Inc will post 16.86 EPS for the current year.

MSCI Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 29th. Shareholders of record on Friday, August 15th will be paid a $1.80 dividend. This represents a $7.20 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date of this dividend is Friday, August 15th. MSCI's dividend payout ratio (DPR) is presently 47.68%.

Insider Transactions at MSCI

In other MSCI news, CEO Henry A. Fernandez purchased 84 shares of the firm's stock in a transaction on Friday, July 25th. The shares were purchased at an average cost of $548.69 per share, with a total value of $46,089.96. Following the purchase, the chief executive officer owned 1,279,951 shares in the company, valued at approximately $702,296,314.19. This represents a 0.01% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Over the last quarter, insiders bought 12,400 shares of company stock valued at $6,731,599. 3.31% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

MSCI has been the subject of a number of research analyst reports. Wells Fargo & Company dropped their price target on MSCI from $578.00 to $533.00 and set an "equal weight" rating for the company in a research report on Wednesday, July 23rd. Evercore ISI dropped their price target on MSCI from $673.00 to $631.00 and set an "outperform" rating for the company in a research report on Wednesday, April 23rd. Oppenheimer restated a "market perform" rating on shares of MSCI in a research report on Wednesday, April 23rd. Royal Bank Of Canada restated an "outperform" rating and issued a $675.00 price target on shares of MSCI in a research report on Wednesday, April 16th. Finally, Raymond James Financial upgraded MSCI from a "market perform" rating to an "outperform" rating and set a $650.00 price target for the company in a research report on Friday, July 25th. Three equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $654.73.

MSCI Profile

MSCI Inc, together with its subsidiaries, provides critical decision support tools and solutions for the investment community to manage investment processes worldwide. The Index segment provides indexes for use in various areas of the investment process, including indexed financial product, such as ETFs, mutual funds, annuities, futures, options, structured products, and over-the-counter derivatives; performance benchmarking; portfolio construction and rebalancing; and asset allocation, as well as licenses GICS and GICS Direct.

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