Pallas Capital Advisors LLC bought a new stake in MSCI Inc (NYSE:MSCI – Free Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 1,230 shares of the technology company’s stock, valued at approximately $689,000.
A number of other large investors have also recently made changes to their positions in MSCI. Robertson Stephens Wealth Management LLC grew its holdings in MSCI by 3.1% during the 4th quarter. Robertson Stephens Wealth Management LLC now owns 568 shares of the technology company’s stock valued at $326,000 after purchasing an additional 17 shares during the last quarter. Allworth Financial LP lifted its stake in MSCI by 1.7% in the fourth quarter. Allworth Financial LP now owns 1,074 shares of the technology company’s stock worth $616,000 after purchasing an additional 18 shares during the last quarter. AdvisorShares Investments LLC lifted its stake in MSCI by 2.5% in the fourth quarter. AdvisorShares Investments LLC now owns 830 shares of the technology company’s stock worth $476,000 after purchasing an additional 20 shares during the last quarter. Huntington National Bank boosted its position in shares of MSCI by 1.9% during the fourth quarter. Huntington National Bank now owns 1,074 shares of the technology company’s stock valued at $616,000 after buying an additional 20 shares during the period. Finally, Cary Street Partners Investment Advisory LLC boosted its position in shares of MSCI by 4.1% during the fourth quarter. Cary Street Partners Investment Advisory LLC now owns 530 shares of the technology company’s stock valued at $304,000 after buying an additional 21 shares during the period. 89.97% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
MSCI has been the topic of a number of analyst reports. Jefferies Financial Group began coverage on MSCI in a research note on Friday, July 17th. They set a “buy” rating and a $760.00 target price on the stock. Bank of America boosted 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. UBS Group set a $615.00 price objective on MSCI in a research report on Wednesday, July 22nd. Royal Bank Of Canada reiterated an “outperform” rating and issued a $655.00 target price on shares of MSCI in a research note on Wednesday, April 22nd. Finally, JPMorgan Chase & Co. lifted their target price on MSCI from $700.00 to $742.00 and gave the stock an “overweight” rating in a research report on Monday, July 20th. One research analyst has rated the stock with a Strong Buy rating and eleven have assigned a Buy rating to the stock. According to MarketBeat.com, MSCI has an average rating of “Buy” and an average price target of $709.50.
MSCI Trading Up 0.3%
Shares of MSCI stock opened at $564.44 on Thursday. The firm has a market cap of $41.03 billion, a P/E ratio of 30.88, a P/E/G ratio of 2.15 and a beta of 1.23. MSCI Inc has a 12 month low of $501.08 and a 12 month high of $644.77. The stock’s fifty day moving average price is $583.54 and its 200-day moving average price is $573.90.
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 for the quarter, missing analysts’ consensus estimates of $4.99 by ($0.05). MSCI had a negative return on equity of 55.19% and a net margin of 40.74%.The business had revenue of $867.00 million during the quarter, compared to analysts’ expectations of $870.71 million. During the same period last year, the company earned $4.17 earnings per share. The firm’s revenue was up 12.2% compared to the same quarter last year. Analysts forecast that MSCI Inc will post 19.61 earnings per share for the current year.
MSCI Dividend Announcement
The firm 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 $2.05 dividend. This represents a $8.20 annualized dividend and a dividend yield of 1.5%. The ex-dividend date of this dividend is Friday, August 14th. MSCI’s dividend payout ratio is presently 44.86%.
MSCI Company 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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