NewEdge Wealth LLC Buys New Shares in MSCI Inc $MSCI

NewEdge Wealth LLC bought a new stake in MSCI Inc (NYSE:MSCI) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 2,519 shares of the technology company’s stock, valued at approximately $1,411,000.

Several other large investors also recently made changes to their positions in MSCI. Mowery & Schoenfeld Wealth Management LLC boosted its position in MSCI by 341.7% in the 4th quarter. Mowery & Schoenfeld Wealth Management LLC now owns 53 shares of the technology company’s stock valued at $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 during the 4th quarter valued at approximately $30,000. Elyxium Wealth LLC acquired a new stake in shares of MSCI during the fourth quarter worth $34,000. Compound Global Advisors LLC bought a new position in MSCI in the second quarter worth about $34,000. Finally, SHP Wealth Management acquired a new position in MSCI during the 4th quarter valued at approximately $36,000. Institutional investors and hedge funds own 89.97% of the company’s stock.

MSCI Stock Down 0.8%

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 company has a 50 day moving average price of $582.30 and a two-hundred day moving average price of $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 2.17 and a beta of 1.23.

MSCI (NYSE:MSCI) last issued its quarterly earnings data on Tuesday, July 21st. The technology company reported $4.94 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.99 by ($0.05). The business 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 for the quarter was up 12.2% on a year-over-year basis. During the same quarter in the prior year, the company posted $4.17 earnings per share. As a group, equities analysts anticipate that MSCI Inc will post 19.61 EPS for the current year.

MSCI Dividend Announcement

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

Analyst Upgrades and Downgrades

Several research analysts have commented on the stock. Raymond James Financial upped their target price on shares of MSCI from $730.00 to $760.00 and gave the stock a “strong-buy” rating in a research report on Wednesday, July 8th. Jefferies Financial Group began coverage on MSCI in a research report on Friday, July 17th. They issued a “buy” rating and a $760.00 target price for the company. JPMorgan Chase & Co. raised their price objective on shares of MSCI from $700.00 to $742.00 and gave the company an “overweight” rating in a research report on Monday, July 20th. Wells Fargo & Company decreased their target price on MSCI from $700.00 to $690.00 and set an “overweight” rating on the stock in a report on Wednesday, July 22nd. Finally, Barclays boosted their price target 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 equities research analyst has rated the stock with a Strong Buy rating and eleven have given a Buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus 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.