Texas Capital Bank Wealth Management Services Inc purchased a new position 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 (SEC). The fund purchased 14,496 shares of the technology company's stock, valued at approximately $8,118,000.
Other institutional investors have also added to or reduced their stakes in the company. BlackRock Inc. purchased a new stake in MSCI in the 2nd quarter valued at about $3,062,626,000. Norges Bank purchased a new position in shares of MSCI in the 4th quarter worth approximately $528,560,000. Mitsubishi UFJ Asset Management Co. Ltd. bought a new position in shares of MSCI in the second quarter valued at approximately $480,613,000. Bank of New York Mellon Corp bought a new position in shares of MSCI in the second quarter valued at approximately $234,905,000. Finally, Deutsche Bank AG purchased a new stake in shares of MSCI during the second quarter valued at approximately $207,946,000. 89.97% of the stock is owned by institutional investors.
Analysts Set New Price Targets
A number of brokerages recently commented on MSCI. Raymond James Financial lifted their price target on MSCI from $730.00 to $760.00 and gave the stock a "strong-buy" rating in a report on Wednesday, July 8th. Morgan Stanley restated an "overweight" rating and issued a $700.00 price objective on shares of MSCI in a research note on Tuesday, July 21st. Bank of America raised their target price on MSCI from $715.00 to $730.00 and gave the company a "buy" rating in a research report on Friday, July 10th. Evercore set a $722.00 price target on shares of MSCI in a report on Wednesday, July 22nd. Finally, JPMorgan Chase & Co. increased their price target on shares of MSCI from $700.00 to $742.00 and gave the company an "overweight" rating in a research report on Monday, July 20th. One equities research analyst has rated the stock with a Strong Buy rating and eleven have issued a Buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Buy" and an average price target of $709.50.
View Our Latest Stock Analysis on MSCI
MSCI Trading Down 3.2%
NYSE:MSCI opened at $551.17 on Tuesday. MSCI Inc has a 12 month low of $501.08 and a 12 month high of $644.77. The firm's 50 day moving average is $585.31 and its 200 day moving average is $574.57. The stock has a market capitalization of $40.07 billion, a PE ratio of 30.15, a price-to-earnings-growth ratio of 2.17 and a beta of 1.23.
MSCI (NYSE:MSCI - Get Free Report) last announced its quarterly earnings data on Tuesday, July 21st. The technology company reported $4.94 earnings per share 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 firm had revenue of $867.00 million for the quarter, compared to the consensus estimate of $870.71 million. During the same period last year, the company posted $4.17 earnings per share. MSCI's revenue for the quarter was up 12.2% on a year-over-year basis. Research analysts predict that MSCI Inc will post 19.61 earnings per share for the current year.
MSCI Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Friday, August 28th. Stockholders of record on Friday, August 14th will be given a dividend of $2.05 per share. This represents a $8.20 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date of this dividend is Friday, August 14th. MSCI's dividend payout ratio is currently 44.86%.
MSCI Company Profile
(
Free Report)
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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