Sumitomo Life Insurance Co. acquired a new position in MSCI Inc (NYSE:MSCI – Free Report) in the second quarter, HoldingsChannel.com reports. The institutional investor acquired 2,580 shares of the technology company’s stock, valued at approximately $1,445,000.
Several other institutional investors have also recently made changes to their positions in the business. GCQ FUNDS MANAGEMENT PTY Ltd bought a new stake in MSCI during the 2nd quarter valued at approximately $66,704,000. Landscape Capital Management L.L.C. bought a new position in MSCI in the 2nd quarter worth approximately $1,924,000. Korea Investment CORP bought a new position in MSCI in the 2nd quarter worth approximately $23,690,000. EP Wealth Advisors LLC purchased a new stake in MSCI during the 2nd quarter valued at approximately $2,174,000. Finally, Ieq Capital LLC purchased a new stake in MSCI during the 2nd quarter valued at approximately $12,723,000. Hedge funds and other institutional investors own 89.97% of the company’s stock.
Analysts Set New Price Targets
Several equities research analysts have recently issued reports on the stock. Evercore set a $722.00 price objective on shares of MSCI in a research report on Wednesday, July 22nd. UBS Group set a $615.00 target price on shares of MSCI in a research report on Wednesday, July 22nd. Weiss Ratings cut shares of MSCI from a “buy (b)” rating to a “buy (b-)” rating in a research note on Thursday, July 30th. Morgan Stanley reiterated an “overweight” rating and issued a $700.00 price target on shares of MSCI in a report on Tuesday, July 21st. Finally, Rothschild & Co Redburn set a $690.00 price target on shares of MSCI in a research note on Thursday, June 18th. One research analyst has rated the stock with a Strong Buy rating and eleven have assigned a Buy rating to the stock. According to data from MarketBeat.com, MSCI has an average rating of “Buy” and an average price target of $709.50.
MSCI Trading Down 0.8%
Shares of MSCI stock opened at $564.08 on Friday. The firm has a market cap of $41.01 billion, a PE ratio of 30.86, a PEG ratio of 2.17 and a beta of 1.23. The stock has a 50 day moving average of $582.30 and a 200 day moving average of $573.55. MSCI Inc has a 12 month low of $501.08 and a 12 month high of $644.77.
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 analysts’ consensus estimates of $4.99 by ($0.05). The firm had revenue of $867.00 million during the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same period in the previous year, the firm earned $4.17 EPS. As a group, equities research analysts forecast that MSCI Inc will post 19.61 earnings per share for the current fiscal year.
MSCI Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Friday, August 28th. Investors of record on Friday, August 14th will be issued 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 dividend yield of 1.5%. MSCI’s dividend payout ratio (DPR) is 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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