Rathbones Group PLC cut its stake in MSCI Inc (NYSE:MSCI – Free Report) by 19.7% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 13,127 shares of the technology company’s stock after selling 3,221 shares during the period. Rathbones Group PLC’s holdings in MSCI were worth $7,076,000 as of its most recent SEC filing.
A number of other hedge funds also recently added to or reduced their stakes in the stock. State Street Corp boosted its holdings in shares of MSCI by 1.2% during the third quarter. State Street Corp now owns 3,320,761 shares of the technology company’s stock valued at $1,884,233,000 after acquiring an additional 39,450 shares during the period. Bamco Inc. NY boosted its stake in MSCI by 15.1% during the 4th quarter. Bamco Inc. NY now owns 2,755,747 shares of the technology company’s stock valued at $1,581,055,000 after purchasing an additional 361,630 shares during the period. Morgan Stanley grew its position in MSCI by 2.2% in the 4th quarter. Morgan Stanley now owns 2,467,556 shares of the technology company’s stock worth $1,415,713,000 after purchasing an additional 52,242 shares during the last quarter. T. Rowe Price Investment Management Inc. grew its position in MSCI by 13.2% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 1,446,291 shares of the technology company’s stock worth $829,781,000 after purchasing an additional 168,405 shares during the last quarter. Finally, Norges Bank acquired a new stake in shares of MSCI in the fourth quarter valued at approximately $528,560,000. 89.97% of the stock is currently owned by institutional investors.
Wall Street Analysts Forecast Growth
Several brokerages have recently issued reports on MSCI. Jefferies Financial Group began coverage on MSCI in a research report on Friday, July 17th. They set a “buy” rating and a $760.00 price objective for the company. JPMorgan Chase & Co. raised their target price on MSCI from $700.00 to $742.00 and gave the company an “overweight” rating in a research report on Monday, July 20th. Barclays lifted their target price on MSCI from $700.00 to $735.00 and gave the company an “overweight” rating in a research note on Friday, July 10th. Morgan Stanley reiterated an “overweight” rating and set a $700.00 price target on shares of MSCI in a research report on Tuesday, July 21st. Finally, Evercore set a $722.00 price target on MSCI in a report on Wednesday, July 22nd. One research analyst has rated the stock with a Strong Buy rating and eleven have given a Buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Buy” and an average price target of $709.50.
MSCI Price Performance
MSCI stock opened at $574.93 on Tuesday. MSCI Inc has a 12-month low of $501.08 and a 12-month high of $644.77. The stock has a market capitalization of $41.80 billion, a PE ratio of 31.45, a price-to-earnings-growth ratio of 2.18 and a beta of 1.23. The firm has a 50 day simple moving average of $595.75 and a 200-day simple moving average of $576.46.
MSCI (NYSE:MSCI – Get Free Report) last announced its earnings results on Tuesday, July 21st. The technology company reported $4.94 EPS for the quarter, missing the consensus estimate of $4.99 by ($0.05). The firm had revenue of $867.00 million for 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%.MSCI’s revenue for the quarter was up 12.2% on a year-over-year basis. During the same period in the previous year, the firm earned $4.17 EPS. On average, analysts forecast that MSCI Inc will post 19.61 earnings per share for the current fiscal year.
MSCI Announces Dividend
The company also recently disclosed 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. This represents a $8.20 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date of this dividend is Friday, August 14th. MSCI’s payout ratio is currently 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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