K.J. Harrison & Partners Inc Takes Position in MSCI Inc $MSCI

K.J. Harrison & Partners Inc bought a new position in MSCI Inc (NYSE:MSCI) during the second quarter, HoldingsChannel reports. The firm bought 2,484 shares of the technology company’s stock, valued at approximately $1,391,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. B & T Capital Management DBA Alpha Capital Management bought a new position in shares of MSCI in the second quarter valued at $4,794,000. MidFirst Bank bought a new position in MSCI in the 2nd quarter valued at about $796,000. BlackRock Inc. acquired a new position in MSCI during the 2nd quarter valued at about $3,062,626,000. Dunhill Financial LLC acquired a new position in MSCI during the 2nd quarter valued at about $99,000. Finally, Pallas Capital Advisors LLC bought a new stake in MSCI during the 2nd quarter worth approximately $689,000. Institutional investors own 89.97% of the company’s stock.

MSCI Price Performance

NYSE MSCI opened at $551.17 on Tuesday. The business’s fifty day moving average is $585.31 and its 200-day moving average is $574.57. The stock has a market capitalization of $40.07 billion, a price-to-earnings ratio of 30.15, a PEG ratio of 2.17 and a beta of 1.23. MSCI Inc has a one year low of $501.08 and a one year high of $644.77.

MSCI (NYSE:MSCI) last posted its quarterly earnings results on Tuesday, July 21st. The technology company reported $4.94 earnings per share for the quarter, missing the consensus estimate of $4.99 by ($0.05). MSCI had a net margin of 40.74% and a negative return on equity of 55.19%. The company had revenue of $867.00 million for the quarter, compared to the consensus estimate of $870.71 million. During the same quarter in the previous year, the company posted $4.17 EPS. MSCI’s quarterly revenue was up 12.2% compared to the same quarter last year. Research analysts expect that MSCI Inc will post 19.61 EPS for the current fiscal year.

MSCI Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, August 28th. Shareholders 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 yield of 1.5%. The ex-dividend date is Friday, August 14th. MSCI’s payout ratio is presently 44.86%.

Analyst Ratings Changes

MSCI has been the topic of several analyst reports. Jefferies Financial Group began coverage on MSCI in a research report on Friday, July 17th. They set a “buy” rating and a $760.00 target price on the stock. Morgan Stanley restated an “overweight” rating and set a $700.00 price objective on shares of MSCI in a research note on Tuesday, July 21st. Royal Bank Of Canada reiterated an “outperform” rating and issued a $655.00 target price on shares of MSCI in a report on Wednesday, April 22nd. Rothschild & Co Redburn set a $690.00 price target on shares of MSCI in a report on Thursday, June 18th. Finally, UBS Group set a $615.00 target price 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 issued a Buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Buy” and an average price target of $709.50.

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.