MidFirst Bank purchased a new position in MSCI Inc (NYSE:MSCI – Free Report) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 1,421 shares of the technology company’s stock, valued at approximately $796,000.
Other large investors also recently bought and sold shares of the company. Mowery & Schoenfeld Wealth Management LLC increased its stake in shares of MSCI by 341.7% during the fourth quarter. Mowery & Schoenfeld Wealth Management LLC now owns 53 shares of the technology company’s stock worth $30,000 after purchasing an additional 41 shares in the last quarter. Harvest Fund Management Co. Ltd acquired a new stake in MSCI in the 4th quarter worth about $30,000. Elyxium Wealth LLC purchased a new stake in MSCI during the 4th quarter worth approximately $34,000. Compound Global Advisors LLC acquired a new position in shares of MSCI during the second quarter valued at approximately $34,000. Finally, SHP Wealth Management purchased a new position in shares of MSCI in the fourth quarter valued at approximately $36,000. Institutional investors and hedge funds own 89.97% of the company’s stock.
Wall Street Analysts Forecast Growth
MSCI has been the subject of several research reports. JPMorgan Chase & Co. boosted their price target on MSCI from $700.00 to $742.00 and gave the stock an “overweight” rating in a research report on Monday, July 20th. Wells Fargo & Company dropped their target price on shares of MSCI from $700.00 to $690.00 and set an “overweight” rating for the company in a report on Wednesday, July 22nd. Jefferies Financial Group began coverage on shares of MSCI in a research note on Friday, July 17th. They issued a “buy” rating and a $760.00 price target on the stock. Raymond James Financial upped their price objective on shares of MSCI from $730.00 to $760.00 and gave the company a “strong-buy” rating in a research note on Wednesday, July 8th. Finally, Barclays raised their target price on shares of MSCI from $700.00 to $735.00 and gave the stock an “overweight” rating in a research note on Friday, July 10th. One investment analyst has rated the stock with a Strong Buy rating and eleven have issued a Buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of $709.50.
MSCI Trading Down 3.2%
Shares of MSCI stock opened at $551.17 on Tuesday. MSCI Inc has a twelve month low of $501.08 and a twelve month high of $644.77. The company’s 50-day moving average price is $585.31 and its 200-day moving average price is $574.57. The stock has a market cap of $40.07 billion, a price-to-earnings ratio of 30.15, a PEG ratio of 2.17 and a beta of 1.23.
MSCI (NYSE:MSCI – Get Free Report) last released its quarterly earnings data on Tuesday, July 21st. The technology company reported $4.94 earnings per share (EPS) for the quarter, missing the consensus estimate 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 for the quarter, compared to analyst estimates of $870.71 million. During the same quarter in the previous year, the business posted $4.17 earnings per share. MSCI’s revenue for the quarter was up 12.2% on a year-over-year basis. As a group, equities research analysts predict that MSCI Inc will post 19.61 EPS for the current year.
MSCI Announces Dividend
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 paid a $2.05 dividend. The ex-dividend date of this dividend is Friday, August 14th. This represents a $8.20 annualized dividend and a dividend yield of 1.5%. MSCI’s dividend payout ratio is 44.86%.
About MSCI
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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