Connor Clark & Lunn Investment Management Ltd. Makes New $6.38 Million Investment in MSCI Inc $MSCI

Connor Clark & Lunn Investment Management Ltd. bought a new stake in shares of MSCI Inc (NYSE:MSCIFree Report) during the second quarter, HoldingsChannel reports. The institutional investor bought 11,400 shares of the technology company’s stock, valued at approximately $6,384,000.

Several other hedge funds also recently modified their holdings of MSCI. Magellan Asset Management Ltd bought a new stake in shares of MSCI during the second quarter worth approximately $9,742,000. Bank of Nova Scotia bought a new position in MSCI in the second quarter valued at approximately $31,111,000. Kirtland Hills Capital Management LLC bought a new position in MSCI in the second quarter valued at approximately $3,063,000. Elevation Point Wealth Partners LLC acquired a new stake in MSCI during the 2nd quarter worth $431,000. Finally, Commerce Bank acquired a new stake in MSCI during the 2nd quarter worth $8,835,000. Institutional investors own 89.97% of the company’s stock.

MSCI Trading Up 0.1%

Shares of NYSE MSCI opened at $564.39 on Thursday. The company has a fifty day moving average price of $579.99 and a 200 day moving average price of $573.07. The firm has a market cap of $41.03 billion, a PE ratio of 30.87, a PEG ratio of 2.15 and a beta of 1.23. MSCI Inc has a 1-year low of $501.08 and a 1-year high of $644.77.

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). The firm had revenue of $867.00 million during the quarter, compared to analyst estimates of $870.71 million. MSCI had a net margin of 40.74% and a negative return on equity of 55.19%. The business’s revenue for the quarter was up 12.2% compared to the same quarter last year. During the same period in the prior year, the business earned $4.17 EPS. Equities research analysts forecast that MSCI Inc will post 19.61 EPS for the current year.

MSCI Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 28th. Investors of record on Friday, August 14th will be issued 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 dividend yield of 1.5%. MSCI’s dividend payout ratio (DPR) is presently 44.86%.

Analyst Ratings Changes

MSCI has been the topic of a number of analyst reports. UBS Group set a $615.00 price target on MSCI in a research note on Wednesday, July 22nd. Morgan Stanley reaffirmed an “overweight” rating and set a $700.00 price objective on shares of MSCI in a research note on Tuesday, July 21st. JPMorgan Chase & Co. upped their price objective on MSCI from $700.00 to $742.00 and gave the company an “overweight” rating in a report on Monday, July 20th. Rothschild & Co Redburn set a $690.00 target price on MSCI in a research note on Thursday, June 18th. Finally, Wells Fargo & Company reduced their target price on MSCI from $700.00 to $690.00 and set an “overweight” rating on the stock in a report on Wednesday, July 22nd. One investment analyst has rated the stock with a Strong Buy rating and eleven have issued a Buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of $709.50.

Check Out Our Latest Report on MSCI

About MSCI

(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.

Further Reading

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Institutional Ownership by Quarter for MSCI (NYSE:MSCI)

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