Public Employees Retirement System of Ohio Buys Shares of 22,459 MSCI Inc $MSCI

Public Employees Retirement System of Ohio purchased a new stake in shares of MSCI Inc (NYSE:MSCI - Free Report) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 22,459 shares of the technology company's stock, valued at approximately $12,578,000.

Several other hedge funds and other institutional investors have also modified their holdings of MSCI. Robertson Stephens Wealth Management LLC raised its stake in shares of MSCI by 3.1% during the 4th quarter. Robertson Stephens Wealth Management LLC now owns 568 shares of the technology company's stock worth $326,000 after purchasing an additional 17 shares in the last quarter. Allworth Financial LP grew its stake in shares of MSCI by 1.7% in the 4th quarter. Allworth Financial LP now owns 1,074 shares of the technology company's stock valued at $616,000 after buying an additional 18 shares in the last quarter. AdvisorShares Investments LLC increased its holdings in MSCI by 2.5% in the fourth quarter. AdvisorShares Investments LLC now owns 830 shares of the technology company's stock worth $476,000 after buying an additional 20 shares during the last quarter. Huntington National Bank increased its holdings in MSCI by 1.9% in the fourth quarter. Huntington National Bank now owns 1,074 shares of the technology company's stock worth $616,000 after buying an additional 20 shares during the last quarter. Finally, Cary Street Partners Investment Advisory LLC raised its position in MSCI by 4.1% during the fourth quarter. Cary Street Partners Investment Advisory LLC now owns 530 shares of the technology company's stock valued at $304,000 after acquiring an additional 21 shares in the last quarter. 89.97% of the stock is currently owned by hedge funds and other institutional investors.

MSCI Stock Up 0.1%

Shares of MSCI stock opened at $571.20 on Monday. MSCI Inc has a 12 month low of $501.08 and a 12 month high of $644.77. The company has a market cap 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. The business's 50 day moving average is $579.52 and its two-hundred day moving average is $573.23.

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 in the previous year, the firm posted $4.17 earnings per share. MSCI's quarterly revenue was up 12.2% compared to the same quarter last year. As a group, equities analysts expect that MSCI Inc will post 19.61 EPS for the current fiscal year.

MSCI Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, August 28th. Shareholders of record on Friday, August 14th were given 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 yield of 1.4%. MSCI's payout ratio is currently 44.86%.

Analysts Set New Price Targets

Several analysts have commented on the stock. Raymond James Financial boosted their target price on shares of MSCI from $730.00 to $760.00 and gave the stock a "strong-buy" rating in a research report on Wednesday, July 8th. Weiss Ratings lowered shares of MSCI from a "buy (b)" rating to a "buy (b-)" rating in a research note on Thursday, July 30th. Evercore set a $722.00 price objective on shares of MSCI in a report on Wednesday, July 22nd. Rothschild & Co Redburn set a $690.00 target price on shares of MSCI in a research report on Thursday, June 18th. Finally, Bank of America raised their target price on MSCI from $715.00 to $730.00 and gave the company a "buy" rating in a report on Friday, July 10th. One research analyst has rated the stock with a Strong Buy rating and eleven have issued a Buy rating to the company. Based on data from MarketBeat.com, the company 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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