Landscape Capital Management L.L.C. purchased a new position in MSCI Inc (NYSE:MSCI – Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 3,436 shares of the technology company’s stock, valued at approximately $1,924,000.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. BlackRock Inc. bought a new position in MSCI in the 2nd quarter worth about $3,062,626,000. State Street Corp raised its stake in shares of MSCI by 1.2% during the third quarter. State Street Corp now owns 3,320,761 shares of the technology company’s stock valued at $1,884,233,000 after acquiring an additional 39,450 shares in the last quarter. Bamco Inc. NY raised its stake in shares of MSCI by 15.1% during the fourth quarter. Bamco Inc. NY now owns 2,755,747 shares of the technology company’s stock valued at $1,581,055,000 after acquiring an additional 361,630 shares in the last quarter. Morgan Stanley grew its stake in MSCI by 2.2% in the fourth quarter. Morgan Stanley now owns 2,467,556 shares of the technology company’s stock worth $1,415,713,000 after purchasing an additional 52,242 shares in the last quarter. Finally, T. Rowe Price Investment Management Inc. increased its holdings in MSCI by 13.2% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 1,446,291 shares of the technology company’s stock worth $829,781,000 after purchasing an additional 168,405 shares during the period. Institutional investors own 89.97% of the company’s stock.
Analyst Upgrades and Downgrades
Several equities research analysts have weighed in on the company. Morgan Stanley reiterated an “overweight” rating and issued a $700.00 target price on shares of MSCI in a report on Tuesday, July 21st. Rothschild & Co Redburn set a $690.00 price target on MSCI in a research note on Thursday, June 18th. UBS Group set a $615.00 price objective on MSCI in a report on Wednesday, July 22nd. Evercore set a $722.00 price objective on shares of MSCI in a research note on Wednesday, July 22nd. Finally, Bank of America raised their target price on shares of MSCI from $715.00 to $730.00 and gave the company a “buy” rating in a research report on Friday, July 10th. One investment analyst has rated the stock with a Strong Buy rating and eleven have given a Buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of $709.50.
MSCI Trading Down 0.8%
Shares of NYSE MSCI opened at $564.08 on Friday. MSCI Inc has a 12-month low of $501.08 and a 12-month high of $644.77. The stock’s fifty day simple moving average is $582.30 and its two-hundred day simple moving average is $573.55. The stock has a market capitalization of $41.01 billion, a PE ratio of 30.86, a price-to-earnings-growth ratio of 2.15 and a beta of 1.23.
MSCI (NYSE:MSCI – Get Free Report) last released its quarterly 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). The company had revenue of $867.00 million during the quarter, compared to the consensus estimate of $870.71 million. MSCI had a negative return on equity of 55.19% and a net margin of 40.74%.The company’s revenue was up 12.2% on a year-over-year basis. During the same period in the previous year, the firm posted $4.17 earnings per share. On average, equities analysts predict that MSCI Inc will post 19.61 earnings per share for the current fiscal year.
MSCI Dividend Announcement
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 annualized dividend and a yield of 1.5%. The ex-dividend date is Friday, August 14th. MSCI’s payout ratio is 44.86%.
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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