OMERS ADMINISTRATION Corp bought a new stake in shares of MSCI Inc (NYSE:MSCI – Free Report) in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 7,351 shares of the technology company’s stock, valued at approximately $4,117,000.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Harvest Fund Management Co. Ltd purchased a new position in shares of MSCI during the 4th quarter valued at about $30,000. Elyxium Wealth LLC acquired a new stake in MSCI during the fourth quarter worth about $34,000. Compound Global Advisors LLC purchased a new position in MSCI during the second quarter valued at approximately $34,000. SHP Wealth Management acquired a new position in MSCI in the fourth quarter valued at approximately $36,000. Finally, Strategic Wealth Investment Group LLC acquired a new position in MSCI in the second quarter valued at approximately $36,000. 89.97% of the stock is owned by institutional investors and hedge funds.
MSCI Trading Down 1.3%
Shares of MSCI stock opened at $564.08 on Wednesday. The company has a market capitalization of $41.01 billion, a P/E ratio of 30.86, a P/E/G ratio of 2.18 and a beta of 1.23. The business’s 50 day moving average is $580.63 and its two-hundred day moving average is $573.08. MSCI Inc has a 12-month low of $501.08 and a 12-month high of $644.77.
MSCI Announces Dividend
The business also recently disclosed 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 dividend payout ratio is currently 44.86%.
Analysts Set New Price Targets
A number of equities research analysts have recently commented on MSCI shares. Wells Fargo & Company dropped their price objective on shares of MSCI from $700.00 to $690.00 and set an “overweight” rating on the stock in a research note on Wednesday, July 22nd. Bank of America lifted their target price on shares of MSCI from $715.00 to $730.00 and gave the company a “buy” rating in a report on Friday, July 10th. Morgan Stanley reiterated an “overweight” rating and issued a $700.00 target price on shares of MSCI in a research note on Tuesday, July 21st. JPMorgan Chase & Co. increased their price target on shares of MSCI from $700.00 to $742.00 and gave the stock an “overweight” rating in a report on Monday, July 20th. Finally, Evercore set a $722.00 price target on shares of MSCI in a research report on Wednesday, July 22nd. 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 MarketBeat, MSCI currently has a consensus rating of “Buy” and an average target price of $709.50.
Check Out Our Latest Stock Analysis on MSCI
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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