MSCI Inc $MSCI Shares Sold by Cumberland Partners Ltd

Cumberland Partners Ltd lessened its holdings in MSCI Inc (NYSE:MSCIFree Report) by 55.6% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,000 shares of the technology company’s stock after selling 3,750 shares during the quarter. Cumberland Partners Ltd’s holdings in MSCI were worth $1,617,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in MSCI. Mowery & Schoenfeld Wealth Management LLC boosted its stake in shares of 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 acquired a new position in MSCI during the fourth quarter worth $30,000. Eagle Bay Advisors LLC purchased a new position in MSCI in the fourth quarter worth $34,000. Elyxium Wealth LLC purchased a new position in MSCI in the fourth quarter worth $34,000. Finally, SHP Wealth Management acquired a new stake in MSCI in the fourth quarter valued at $36,000. Institutional investors and hedge funds own 89.97% of the company’s stock.

MSCI News Roundup

Here are the key news stories impacting MSCI this week:

Wall Street Analyst Weigh In

Several equities research analysts have commented on the stock. Bank of America boosted their target price on shares of MSCI from $715.00 to $730.00 and gave the stock a “buy” rating in a research report on Friday, July 10th. Wells Fargo & Company reduced their price objective on shares of MSCI from $700.00 to $690.00 and set an “overweight” rating for the company in a research note on Wednesday. JPMorgan Chase & Co. boosted their price objective on shares of MSCI from $700.00 to $742.00 and gave the stock an “overweight” rating in a report on Monday, July 20th. Rothschild & Co Redburn set a $690.00 target price on shares of MSCI in a research report on Thursday, June 18th. Finally, Weiss Ratings raised shares of MSCI from a “buy (b-)” rating to a “buy (b)” rating in a report on Thursday, July 16th. One equities 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, the company has a consensus rating of “Buy” and a consensus price target of $709.50.

Read Our Latest Analysis on MSCI

MSCI Stock Performance

MSCI stock opened at $550.82 on Friday. The firm has a market capitalization of $40.04 billion, a price-to-earnings ratio of 30.13, a price-to-earnings-growth ratio of 2.11 and a beta of 1.24. MSCI Inc has a fifty-two week low of $501.08 and a fifty-two week high of $644.77. The stock’s fifty day moving average is $596.67 and its two-hundred day moving average is $576.75.

MSCI (NYSE:MSCIGet Free Report) last released its quarterly earnings results 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 period last year, the firm earned $4.17 EPS. The company’s quarterly revenue was up 12.2% compared to the same quarter last year. As a group, sell-side analysts forecast that MSCI Inc will post 19.61 EPS for the current fiscal 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 given a dividend of $2.05 per share. The ex-dividend date is Friday, August 14th. This represents a $8.20 dividend on an annualized basis and a yield of 1.5%. MSCI’s 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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Institutional Ownership by Quarter for MSCI (NYSE:MSCI)

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