Strive Financial Group LLC Sells 2,405 Shares of MSCI Inc $MSCI

Strive Financial Group LLC reduced its holdings in shares of MSCI Inc (NYSE:MSCI) by 78.9% during the second quarter, HoldingsChannel reports. The firm owned 643 shares of the technology company’s stock after selling 2,405 shares during the period. Strive Financial Group LLC’s holdings in MSCI were worth $360,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently modified their holdings of MSCI. Ancora Advisors LLC purchased a new stake in MSCI in the second quarter worth approximately $27,000. Harvest Fund Management Co. Ltd purchased a new stake in MSCI during the 4th quarter valued at $30,000. Elyxium Wealth LLC purchased a new stake in MSCI during the 4th quarter valued at $34,000. Compound Global Advisors LLC bought a new position in shares of MSCI during the 2nd quarter valued at $34,000. Finally, Strategic Wealth Investment Group LLC purchased a new position in shares of MSCI in the 2nd quarter worth $36,000. 89.97% of the stock is owned by hedge funds and other institutional investors.

MSCI Trading Down 0.4%

Shares of NYSE:MSCI opened at $572.27 on Friday. The stock has a 50 day moving average of $579.52 and a 200 day moving average of $574.58. The company has a market cap of $41.60 billion, a PE ratio of 31.31, a price-to-earnings-growth ratio of 2.19 and a beta of 1.22. MSCI Inc has a 12-month low of $501.08 and a 12-month high of $644.77.

MSCI (NYSE:MSCI) last released its earnings results on Tuesday, July 21st. The technology company reported $4.94 EPS for the quarter, missing analysts’ consensus estimates of $4.99 by ($0.05). MSCI had a negative return on equity of 55.19% and a net margin of 40.74%.The firm 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 business posted $4.17 EPS. MSCI’s revenue was up 12.2% on a year-over-year basis. Equities research analysts predict that MSCI Inc will post 19.61 earnings per share for the current fiscal year.

MSCI Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 28th. Stockholders of record on Friday, August 14th were given a dividend of $2.05 per share. This represents a $8.20 annualized dividend and a dividend yield of 1.4%. The ex-dividend date was Friday, August 14th. MSCI’s dividend payout ratio (DPR) is presently 44.86%.

Analysts Set New Price Targets

A number of research firms have weighed in on MSCI. Rothschild & Co Redburn set a $690.00 target price on MSCI in a report on Thursday, June 18th. Jefferies Financial Group assumed coverage on MSCI in a research note on Friday, July 17th. They set a “buy” rating and a $760.00 price target for the company. Weiss Ratings cut shares of MSCI from a “buy (b)” rating to a “buy (b-)” rating in a research note on Thursday, July 30th. UBS Group set a $615.00 price objective on shares of MSCI in a report on Wednesday, July 22nd. Finally, Barclays upped their target price on shares of MSCI from $700.00 to $735.00 and gave the company an “overweight” rating in a report on Friday, July 10th. One analyst has rated the stock with a Strong Buy rating and eleven have issued a Buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of $709.50.

Key Headlines Impacting MSCI

Here are the key news stories impacting MSCI this week:

• Positive Sentiment: Director Rajat Taneja significantly increased his MSCI stake on September 4. The insider purchase may signal confidence in the company’s long-term outlook and provide modest support for investor sentiment. Prominent MSCI Insider Makes Bold Move With Fresh Stock Purchase
• Positive Sentiment: MSCI’s Asia-Pacific equity index rose as easing expectations for Federal Reserve policy helped lift global equities. A more favorable market environment can support demand for MSCI’s benchmarks, analytics and investment products, although this is an indirect benefit. Global Market Today: Asian Stocks Rise as Fed Rate-Hike Bets Ease
• Neutral Sentiment: MSCI will participate in Barclays’ Annual Global Financial Services Conference on September 14, with CFO Andy Wiechmann scheduled for a fireside chat. The event could provide updates on strategy, demand and financial performance, but no new guidance was announced. MSCI to Participate in Barclays Annual Global Financial Services Conference
• Neutral Sentiment: Several reports focus on MSCI removing India-based Swiggy from its Global Standard and related indexes effective September 7 because of foreign-ownership restrictions. The change may cause passive-fund flows in Swiggy, but it is a routine index decision and is not expected to materially affect MSCI’s own revenue or earnings. Swiggy Shares in Focus as MSCI Removes Stock From Global Standard Indexes

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.