17,396 Shares in MSCI Inc $MSCI Purchased by Magellan Asset Management Ltd

Magellan Asset Management Ltd bought a new position in shares of MSCI Inc (NYSE:MSCI) during the second quarter, Holdings Channel reports. The fund bought 17,396 shares of the technology company’s stock, valued at approximately $9,742,000.

Several other institutional investors and hedge funds also recently bought and sold shares of MSCI. Empowered Funds LLC lifted its position in shares of MSCI by 7.6% during the first quarter. Empowered Funds LLC now owns 2,003 shares of the technology company’s stock worth $1,133,000 after purchasing an additional 142 shares in the last quarter. Woodline Partners LP grew its holdings in shares of MSCI by 39.0% in the first quarter. Woodline Partners LP now owns 6,585 shares of the technology company’s stock valued at $3,724,000 after purchasing an additional 1,846 shares in the last quarter. Sivia Capital Partners LLC increased its stake in MSCI by 20.9% during the 2nd quarter. Sivia Capital Partners LLC now owns 1,052 shares of the technology company’s stock worth $607,000 after buying an additional 182 shares during the period. Treasurer of the State of North Carolina increased its stake in MSCI by 1.0% during 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 buying an additional 344 shares during the period. Finally, Osterweis Capital Management Inc. acquired a new stake in MSCI during the 2nd quarter worth approximately $88,000. 89.97% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts have commented on MSCI shares. UBS Group set a $615.00 price target on shares of MSCI in a research note on Wednesday, July 22nd. Raymond James Financial increased their price objective on MSCI from $730.00 to $760.00 and gave the company a “strong-buy” rating in a research note on Wednesday, July 8th. Bank of America lifted their target price on MSCI from $715.00 to $730.00 and gave the company a “buy” rating in a report on Friday, July 10th. Jefferies Financial Group initiated coverage on MSCI in a report on Friday, July 17th. They set a “buy” rating and a $760.00 price target on the stock. Finally, Barclays increased their price target on MSCI from $700.00 to $735.00 and gave the company an “overweight” rating in a research 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’s stock. According to data from MarketBeat.com, MSCI currently has a consensus rating of “Buy” and an average target price of $709.50.

MSCI Stock Up 0.1%

NYSE:MSCI opened at $564.08 on Monday. The company has a market capitalization of $41.01 billion, a PE ratio of 30.86, a P/E/G ratio of 2.15 and a beta of 1.23. MSCI Inc has a 52-week low of $501.08 and a 52-week high of $644.77. The stock’s 50 day moving average price is $582.30 and its 200 day moving average price is $573.19.

MSCI (NYSE:MSCI) last released its quarterly earnings results 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). MSCI had a negative return on equity of 55.19% and a net margin of 40.74%.The company had revenue of $867.00 million for the quarter, compared to analysts’ expectations of $870.71 million. During the same period in the prior year, the business earned $4.17 EPS. The business’s quarterly revenue was up 12.2% compared to the same quarter last year. As a group, sell-side analysts anticipate that MSCI Inc will post 19.61 EPS for the current fiscal year.

MSCI Dividend Announcement

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

MSCI Company 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.