Canada Pension Plan Investment Board Makes New Investment in MSCI Inc $MSCI

Canada Pension Plan Investment Board bought a new position in shares of MSCI Inc (NYSE:MSCI) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 165,742 shares of the technology company’s stock, valued at approximately $92,822,000. Canada Pension Plan Investment Board owned 0.23% of MSCI as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. Norges Bank purchased a new stake in shares of MSCI during the fourth quarter worth about $528,560,000. Retail Employees Superannuation Pty Ltd as trustee for Retail Employees Superannuation Trust purchased a new position in shares of MSCI in the 4th quarter valued at approximately $13,636,000. SBI Okasan Asset Management Co.Ltd. acquired a new stake in MSCI in the 4th quarter worth approximately $1,406,000. FourThought Financial Partners LLC grew its position in MSCI by 19.0% during the 4th quarter. FourThought Financial Partners LLC now owns 11,674 shares of the technology company’s stock worth $6,697,000 after purchasing an additional 1,862 shares during the last quarter. Finally, PFA Pension Forsikringsaktieselskab purchased a new position in shares of MSCI in the fourth quarter worth $20,454,000. Institutional investors own 89.97% of the company’s stock.

MSCI Price Performance

NYSE MSCI opened at $564.39 on Thursday. The company has a market capitalization of $41.03 billion, a PE ratio of 30.87, a P/E/G ratio of 2.15 and a beta of 1.23. The company has a fifty day moving average of $579.99 and a 200 day moving average of $573.07. MSCI Inc has a 1 year low of $501.08 and a 1 year high of $644.77.

MSCI (NYSE:MSCI) last posted 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 business had revenue of $867.00 million during the quarter, compared to analysts’ expectations of $870.71 million. MSCI had a net margin of 40.74% and a negative return on equity of 55.19%. MSCI’s revenue for the quarter was up 12.2% compared to the same quarter last year. During the same period in the previous year, the company posted $4.17 earnings per share. Research analysts expect that MSCI Inc will post 19.61 earnings per share for the current year.

MSCI Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, August 28th. Investors of record on Friday, August 14th will be given a dividend of $2.05 per share. This represents a $8.20 annualized dividend and a yield of 1.5%. The ex-dividend date is Friday, August 14th. MSCI’s dividend payout ratio (DPR) is currently 44.86%.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on MSCI shares. Barclays lifted their price objective on shares of MSCI from $700.00 to $735.00 and gave the stock an “overweight” rating in a research note on Friday, July 10th. Bank of America raised their target price on MSCI from $715.00 to $730.00 and gave the stock a “buy” rating in a research note on Friday, July 10th. Jefferies Financial Group began coverage on MSCI in a research report on Friday, July 17th. They set a “buy” rating and a $760.00 price target for the company. JPMorgan Chase & Co. increased 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. Finally, Raymond James Financial raised their price objective on MSCI from $730.00 to $760.00 and gave the stock a “strong-buy” rating in a research note on Wednesday, July 8th. One investment analyst has rated the stock with a Strong Buy rating and eleven have issued a Buy rating to the company. According to MarketBeat.com, MSCI has an average rating of “Buy” and an average target price of $709.50.

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.