SummitTX Capital L.P. Has $3.65 Million Stock Position in MSCI Inc $MSCI

SummitTX Capital L.P. raised its position in shares of MSCI Inc (NYSE:MSCI) by 303.7% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 6,778 shares of the technology company’s stock after acquiring an additional 5,099 shares during the period. SummitTX Capital L.P.’s holdings in MSCI were worth $3,653,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in MSCI. Empowered Funds LLC grew 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 purchasing an additional 142 shares during the last quarter. Woodline Partners LP increased its holdings in MSCI by 39.0% in 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 in the last quarter. Sivia Capital Partners LLC raised 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 valued at $607,000 after purchasing an additional 182 shares during the period. Treasurer of the State of North Carolina lifted its holdings in shares of MSCI by 1.0% in the 2nd quarter. Treasurer of the State of North Carolina now owns 35,130 shares of the technology company’s stock worth $20,261,000 after purchasing an additional 344 shares in the last quarter. Finally, Osterweis Capital Management Inc. acquired a new position in MSCI during the 2nd quarter valued at about $88,000. 89.97% of the stock is currently owned by institutional investors.

MSCI Price Performance

NYSE MSCI opened at $572.29 on Tuesday. MSCI Inc has a 1 year low of $501.08 and a 1 year high of $644.77. The stock has a market capitalization of $41.61 billion, a PE ratio of 31.31, a P/E/G ratio of 2.10 and a beta of 1.24. The company’s 50 day simple moving average is $596.42 and its two-hundred day simple moving average is $576.64.

MSCI (NYSE:MSCI) last released its quarterly 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). The company had revenue of $867.00 million during the quarter, compared to analysts’ expectations of $870.71 million. MSCI had a negative return on equity of 55.19% and a net margin of 40.74%.MSCI’s quarterly revenue was up 12.2% on a year-over-year basis. During the same period in the prior year, the firm earned $4.17 EPS. On average, research analysts anticipate that MSCI Inc will post 19.58 EPS for the current year.

MSCI Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 28th. Investors of record on Friday, August 14th will be paid a $2.05 dividend. The ex-dividend date of this dividend is Friday, August 14th. This represents a $8.20 dividend on an annualized basis and a yield of 1.4%. MSCI’s dividend payout ratio (DPR) is presently 44.86%.

Analysts Set New Price Targets

Several brokerages have recently commented on MSCI. Morgan Stanley reiterated an “overweight” rating and issued a $700.00 target price on shares of MSCI in a report on Tuesday, July 21st. Jefferies Financial Group began coverage on shares of MSCI in a report on Friday, July 17th. They set a “buy” rating and a $760.00 price target on the stock. Weiss Ratings raised shares of MSCI from a “buy (b-)” rating to a “buy (b)” rating in a research report on Thursday, July 16th. Wells Fargo & Company decreased their price objective on shares of MSCI from $700.00 to $690.00 and set an “overweight” rating for the company in a research note on Wednesday, July 22nd. Finally, Rothschild & Co Redburn set a $690.00 target price on shares of MSCI in a research report on Thursday, June 18th. One equities research analyst has rated the stock with a Strong Buy rating and eleven have given a Buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Buy” and an average price target 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.