Westpac Banking Corp acquired a new position in MSCI Inc (NYSE:MSCI – Free Report) in the 2nd quarter, Holdings Channel reports. The firm acquired 5,579 shares of the technology company’s stock, valued at approximately $3,124,000.
Several other institutional investors have also added to or reduced their stakes in MSCI. Mowery & Schoenfeld Wealth Management LLC increased its position in shares of MSCI by 341.7% during 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 during the period. Harvest Fund Management Co. Ltd purchased a new stake in MSCI in the fourth quarter worth about $30,000. Elyxium Wealth LLC purchased a new stake in MSCI in the fourth quarter worth about $34,000. Compound Global Advisors LLC bought a new stake in MSCI during the 2nd quarter valued at approximately $34,000. Finally, Strategic Wealth Investment Group LLC purchased a new position in shares of MSCI during the 2nd quarter worth approximately $36,000. 89.97% of the stock is currently owned by institutional investors.
Analyst Upgrades and Downgrades
MSCI has been the subject of several research reports. Bank of America increased their target price on MSCI from $715.00 to $730.00 and gave the stock a “buy” rating in a research report on Friday, July 10th. Weiss Ratings cut MSCI from a “buy (b)” rating to a “buy (b-)” rating in a research note on Thursday, July 30th. Raymond James Financial raised their price objective on MSCI from $730.00 to $760.00 and gave the company a “strong-buy” rating in a research report on Wednesday, July 8th. Wells Fargo & Company dropped their target price on shares of MSCI from $700.00 to $690.00 and set an “overweight” rating on the stock in a report on Wednesday, July 22nd. Finally, Morgan Stanley reiterated an “overweight” rating and issued a $700.00 price target on shares of MSCI in a research note on Tuesday, July 21st. One research analyst has rated the stock with a Strong Buy rating and eleven have assigned a Buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Buy” and a consensus price target of $709.50.
MSCI Stock Down 0.8%
MSCI stock opened at $564.08 on Friday. MSCI Inc has a twelve month low of $501.08 and a twelve month high of $644.77. The firm has a market cap of $41.01 billion, a PE ratio of 30.86, a price-to-earnings-growth ratio of 2.17 and a beta of 1.23. The business has a 50 day moving average of $582.30 and a 200 day moving average of $573.55.
MSCI (NYSE:MSCI – Get Free Report) last released 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). MSCI had a negative return on equity of 55.19% and a net margin of 40.74%.The company had revenue of $867.00 million during the quarter, compared to the consensus estimate of $870.71 million. During the same period last year, the firm posted $4.17 earnings per share. The company’s revenue was up 12.2% compared to the same quarter last year. On average, research analysts expect that MSCI Inc will post 19.61 earnings per share for the current fiscal year.
MSCI Announces Dividend
The business 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 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.
See Also
- Five stocks we like better than MSCI
- Blueprint for a Boom: SEC Clears the Crypto Runway
- Ross Stores Just Flipped the Off-Price Retail Story After TJX’s Marmaxx Miss
- Advance Auto Parts Plunged, But Its Turnaround Is Still Working
- Is Palo Alto Networks Priced for Perfection Again as AI Security Demand Accelerates?
Want to see what other hedge funds are holding MSCI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for MSCI Inc (NYSE:MSCI – Free Report).
Receive News & Ratings for MSCI Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for MSCI and related companies with MarketBeat.com's FREE daily email newsletter.
