Van Hulzen Asset Management LLC purchased a new position in shares of MSCI Inc (NYSE:MSCI - Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 9,448 shares of the technology company's stock, valued at approximately $5,291,000.
Several other institutional investors have also recently added to or reduced their stakes in the stock. Harvest Fund Management Co. Ltd purchased a new position in shares of MSCI in the 4th quarter valued at approximately $30,000. Elyxium Wealth LLC acquired a new stake in shares of MSCI during the fourth quarter worth $34,000. Compound Global Advisors LLC purchased a new position in MSCI in the 2nd quarter valued at $34,000. SHP Wealth Management acquired a new position in MSCI in the 4th quarter valued at $36,000. Finally, Strategic Wealth Investment Group LLC acquired a new position in MSCI in the 2nd quarter valued at $36,000. Institutional investors and hedge funds own 89.97% of the company's stock.
Analysts Set New Price Targets
Several analysts have recently commented on MSCI shares. JPMorgan Chase & Co. raised their target price on shares of MSCI from $700.00 to $742.00 and gave the stock an "overweight" rating in a research note on Monday, July 20th. Weiss Ratings downgraded shares of MSCI from a "buy (b)" rating to a "buy (b-)" rating in a research report on Thursday, July 30th. Bank of America lifted their price objective on MSCI from $715.00 to $730.00 and gave the company a "buy" rating in a report on Friday, July 10th. Morgan Stanley reiterated an "overweight" rating and set a $700.00 target price on shares of MSCI in a research report on Tuesday, July 21st. Finally, Wells Fargo & Company cut their target price on MSCI from $700.00 to $690.00 and set an "overweight" rating for the company in a research note 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, the company has an average rating of "Buy" and an average price target of $709.50.
Check Out Our Latest Stock Analysis on MSCI
MSCI Trading Up 1.3%
NYSE:MSCI opened at $570.96 on Tuesday. The firm has a 50-day moving average price of $581.51 and a two-hundred day moving average price of $573.12. MSCI Inc has a twelve month low of $501.08 and a twelve month high of $644.77. The company has a market capitalization of $41.51 billion, a P/E ratio of 31.23, a price-to-earnings-growth ratio of 2.15 and a beta of 1.23.
MSCI (NYSE:MSCI - Get Free Report) last announced its earnings results 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). The business had revenue of $867.00 million for the quarter, compared to analyst estimates of $870.71 million. MSCI had a negative return on equity of 55.19% and a net margin of 40.74%.The business's revenue was up 12.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $4.17 EPS. On average, equities research analysts predict that MSCI Inc will post 19.61 earnings per share for the current year.
MSCI Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Friday, August 28th. Investors of record on Friday, August 14th will be paid a $2.05 dividend. The ex-dividend date of this dividend is Friday, August 14th. This represents a $8.20 dividend on an annualized basis and a yield of 1.4%. MSCI's dividend payout ratio is presently 44.86%.
MSCI 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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