OneDigital Investment Advisors LLC bought a new stake in shares of MSCI Inc (NYSE:MSCI – Free Report) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 921 shares of the technology company’s stock, valued at approximately $516,000.
Several other institutional investors have also recently made changes to their positions in MSCI. Mowery & Schoenfeld Wealth Management LLC increased its holdings in MSCI by 341.7% in the fourth quarter. Mowery & Schoenfeld Wealth Management LLC now owns 53 shares of the technology company’s stock valued at $30,000 after buying an additional 41 shares in the last quarter. Harvest Fund Management Co. Ltd purchased a new stake in shares of MSCI during the 4th quarter worth about $30,000. Elyxium Wealth LLC purchased a new stake in shares of MSCI during the 4th quarter worth about $34,000. Compound Global Advisors LLC acquired a new stake in shares of MSCI during the 2nd quarter valued at about $34,000. Finally, SHP Wealth Management acquired a new stake in shares of MSCI during the 4th quarter valued at about $36,000. 89.97% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
A number of equities analysts have issued reports on MSCI shares. Bank of America increased their price target on MSCI from $715.00 to $730.00 and gave the stock a “buy” rating in a research report on Friday, July 10th. Royal Bank Of Canada restated an “outperform” rating and issued a $655.00 price objective on shares of MSCI in a research report on Wednesday, April 22nd. Barclays increased their target price on MSCI from $700.00 to $735.00 and gave the company an “overweight” rating in a research report on Friday, July 10th. Raymond James Financial lifted their price target 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, UBS Group set a $615.00 price target on shares of MSCI in a report on Wednesday, July 22nd. One 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, the company presently has a consensus rating of “Buy” and a consensus price target of $709.50.
MSCI Trading Up 2.2%
NYSE:MSCI opened at $562.75 on Wednesday. MSCI Inc has a 12 month low of $501.08 and a 12 month high of $644.77. The stock has a 50 day moving average of $584.43 and a two-hundred day moving average of $574.20. The firm has a market cap of $40.91 billion, a P/E ratio of 30.79, a price-to-earnings-growth ratio of 2.17 and a beta of 1.23.
MSCI (NYSE:MSCI – Get Free Report) last released its earnings results 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). The firm had revenue of $867.00 million during the quarter, compared to analysts’ expectations of $870.71 million. MSCI had a net margin of 40.74% and a negative return on equity of 55.19%. The business’s revenue was up 12.2% compared to the same quarter last year. During the same quarter last year, the business earned $4.17 EPS. On average, research analysts forecast that MSCI Inc will post 19.61 earnings per share for the current year.
MSCI Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Friday, August 28th. Shareholders of record on Friday, August 14th will be paid a dividend of $2.05 per share. This represents a $8.20 annualized dividend and a yield of 1.5%. The ex-dividend date of this dividend is Friday, August 14th. MSCI’s payout ratio is 44.86%.
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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