HighTower Advisors LLC decreased its stake in MSCI Inc (NYSE:MSCI – Free Report) by 13.5% in the 2nd quarter, Holdings Channel.com reports. The firm owned 66,746 shares of the technology company’s stock after selling 10,400 shares during the quarter. HighTower Advisors LLC’s holdings in MSCI were worth $37,381,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently added to or reduced their stakes in MSCI. Empowered Funds LLC boosted its holdings in shares of MSCI by 7.6% during the 1st quarter. Empowered Funds LLC now owns 2,003 shares of the technology company’s stock valued at $1,133,000 after acquiring an additional 142 shares in the last quarter. Woodline Partners LP grew its holdings in shares of MSCI by 39.0% during the first quarter. Woodline Partners LP now owns 6,585 shares of the technology company’s stock worth $3,724,000 after purchasing an additional 1,846 shares during the last quarter. Sivia Capital Partners LLC grew its holdings in shares of MSCI by 20.9% during the second quarter. Sivia Capital Partners LLC now owns 1,052 shares of the technology company’s stock worth $607,000 after purchasing an additional 182 shares during the last quarter. Treasurer of the State of North Carolina increased its stake in shares of MSCI by 1.0% in the second quarter. Treasurer of the State of North Carolina now owns 35,130 shares of the technology company’s stock valued at $20,261,000 after buying an additional 344 shares during the period. Finally, Osterweis Capital Management Inc. bought a new position in MSCI in the 2nd quarter valued at approximately $88,000. Institutional investors and hedge funds own 89.97% of the company’s stock.
MSCI Stock Performance
NYSE:MSCI opened at $550.33 on Wednesday. The company has a market capitalization of $40.01 billion, a PE ratio of 30.11, a P/E/G ratio of 2.19 and a beta of 1.22. The company has a 50 day simple moving average of $579.58 and a two-hundred day simple moving average of $575.32. MSCI Inc has a fifty-two week low of $501.08 and a fifty-two week high of $644.77.
MSCI Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Friday, August 28th. Investors of record on Friday, August 14th were issued a $2.05 dividend. The ex-dividend date was Friday, August 14th. This represents a $8.20 annualized dividend and a yield of 1.5%. MSCI’s payout ratio is presently 44.86%.
Wall Street Analysts Forecast Growth
Several research firms recently commented on MSCI. Raymond James Financial lifted their target price on shares of MSCI from $730.00 to $760.00 and gave the stock a “strong-buy” rating in a research report on Wednesday, July 8th. Rothschild & Co Redburn set a $690.00 price target on shares of MSCI in a research report on Thursday, June 18th. Morgan Stanley reiterated an “overweight” rating and set a $700.00 price target on shares of MSCI in a report on Tuesday, July 21st. Weiss Ratings cut shares of MSCI from a “buy (b)” rating to a “buy (b-)” rating in a research note on Thursday, July 30th. Finally, Jefferies Financial Group started coverage on MSCI in a report on Friday, July 17th. They issued a “buy” rating and a $760.00 price objective for the company. One equities research analyst has rated the stock with a Strong Buy rating and eleven have assigned a Buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of $709.50.
Read Our Latest Report on MSCI
About MSCI
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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