Toth Financial Advisory Corp lifted its holdings in MSCI Inc (NYSE:MSCI - Free Report) by 105.2% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 7,257 shares of the technology company's stock after buying an additional 3,720 shares during the quarter. Toth Financial Advisory Corp's holdings in MSCI were worth $4,064,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. BlackRock Inc. bought a new position in shares of MSCI in the second quarter worth about $3,062,626,000. Bamco Inc. NY acquired a new position in shares of MSCI during the second quarter worth approximately $1,798,710,000. Norges Bank bought a new stake in shares of MSCI during the fourth quarter valued at approximately $528,560,000. Mitsubishi UFJ Asset Management Co. Ltd. bought a new stake in shares of MSCI during the second quarter valued at approximately $480,613,000. Finally, Generation Investment Management LLP acquired a new stake in shares of MSCI in the second quarter valued at approximately $301,493,000. Institutional investors and hedge funds own 89.97% of the company's stock.
MSCI Price Performance
MSCI opened at $571.20 on Friday. The firm has a 50 day simple moving average of $579.52 and a 200 day simple moving average of $573.14. MSCI Inc has a fifty-two week low of $501.08 and a fifty-two week high of $644.77. The company has a market cap of $41.53 billion, a price-to-earnings ratio of 31.25, 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 (EPS) for the quarter, missing analysts' consensus estimates of $4.99 by ($0.05). MSCI had a net margin of 40.74% and a negative return on equity of 55.19%. The business had revenue of $867.00 million during the quarter, compared to the consensus estimate of $870.71 million. During the same period in the previous year, the business posted $4.17 earnings per share. MSCI's revenue was up 12.2% compared to the same quarter last year. As a group, analysts expect that MSCI Inc will post 19.61 EPS for the current year.
MSCI Dividend Announcement
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 $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 dividend yield of 1.4%. MSCI's dividend payout ratio is 44.86%.
Analyst Ratings Changes
Several research firms recently weighed in on MSCI. Morgan Stanley restated an "overweight" rating and issued a $700.00 price objective on shares of MSCI in a research report on Tuesday, July 21st. Raymond James Financial lifted their target price on MSCI from $730.00 to $760.00 and gave the company a "strong-buy" rating in a research note on Wednesday, July 8th. UBS Group set a $615.00 target price on MSCI in a research note on Wednesday, July 22nd. Barclays boosted their target price on MSCI from $700.00 to $735.00 and gave the stock an "overweight" rating in a research report on Friday, July 10th. Finally, Jefferies Financial Group initiated coverage on MSCI in a report on Friday, July 17th. They issued a "buy" rating and a $760.00 price target on the stock. One research analyst has rated the stock with a Strong Buy rating and eleven have assigned a Buy rating to the stock. Based on data from MarketBeat.com, MSCI has an average rating of "Buy" and an average target price of $709.50.
View Our Latest Report on MSCI
MSCI Company Profile
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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.
Further Reading
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