OMERS ADMINISTRATION Corp Has $3.03 Million Stock Holdings in MSCI Inc $MSCI

OMERS ADMINISTRATION Corp increased its position in MSCI Inc (NYSE:MSCI) by 98.6% during the first quarter, Holdings Channel reports. The firm owned 5,621 shares of the technology company’s stock after buying an additional 2,790 shares during the quarter. OMERS ADMINISTRATION Corp’s holdings in MSCI were worth $3,030,000 as of its most recent filing with the SEC.

Several other hedge funds have also bought and sold shares of the company. Mowery & Schoenfeld Wealth Management LLC increased its position in MSCI by 341.7% during the fourth quarter. Mowery & Schoenfeld Wealth Management LLC now owns 53 shares of the technology company’s stock worth $30,000 after buying an additional 41 shares during the last quarter. Harvest Fund Management Co. Ltd acquired a new stake in shares of MSCI in the fourth quarter valued at approximately $30,000. Eagle Bay Advisors LLC acquired a new stake in shares of MSCI in the fourth quarter valued at approximately $34,000. Elyxium Wealth LLC bought a new position in shares of MSCI during the 4th quarter worth approximately $34,000. Finally, SHP Wealth Management bought a new position in shares of MSCI during the 4th quarter worth approximately $36,000. 89.97% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

MSCI has been the subject of several research reports. Jefferies Financial Group started coverage on MSCI in a report on Friday, July 17th. They set a “buy” rating and a $760.00 price target for the company. Raymond James Financial increased their price objective on shares of MSCI from $730.00 to $760.00 and gave the company a “strong-buy” rating in a research report on Wednesday, July 8th. Evercore set a $722.00 target price on shares of MSCI in a research note on Wednesday, July 22nd. JPMorgan Chase & Co. raised their target price on shares of MSCI from $700.00 to $742.00 and gave the stock an “overweight” rating in a research note on Monday, July 20th. Finally, Rothschild & Co Redburn set a $690.00 target price on shares of MSCI in a report on Thursday, June 18th. One 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.com, the company has an average rating of “Buy” and a consensus price target of $709.50.

MSCI Stock Performance

MSCI stock opened at $580.43 on Wednesday. The company’s 50-day simple moving average is $596.45 and its 200 day simple moving average is $576.65. MSCI Inc has a 52 week low of $501.08 and a 52 week high of $644.77. The company has a market capitalization of $42.20 billion, a PE ratio of 31.75, a price-to-earnings-growth ratio of 2.18 and a beta of 1.24.

MSCI (NYSE:MSCI) last issued its quarterly earnings results on Tuesday, July 21st. The technology company reported $4.94 earnings per share (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 net margin of 40.74% and a negative return on equity of 55.19%. The company’s quarterly revenue was up 12.2% on a year-over-year basis. During the same quarter last year, the firm posted $4.17 earnings per share. On average, analysts forecast that MSCI Inc will post 19.58 EPS for the current year.

MSCI Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 28th. Shareholders of record on Friday, August 14th will be issued a $2.05 dividend. The ex-dividend date of this dividend is Friday, August 14th. This represents a $8.20 annualized dividend and a yield of 1.4%. MSCI’s payout ratio is currently 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.