Galaxy Digital Capital Management GP LLC Acquires New Stake in MSCI Inc $MSCI

Galaxy Digital Capital Management GP LLC bought a new position in shares of MSCI Inc (NYSE:MSCI) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 5,000 shares of the technology company’s stock, valued at approximately $2,800,000. MSCI comprises approximately 1.4% of Galaxy Digital Capital Management GP LLC’s investment portfolio, making the stock its 24th largest holding.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Empowered Funds LLC grew its position in shares of MSCI by 7.6% in the 1st quarter. Empowered Funds LLC now owns 2,003 shares of the technology company’s stock valued at $1,133,000 after buying an additional 142 shares during the last quarter. Woodline Partners LP increased its stake 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 buying an additional 1,846 shares during the period. Sivia Capital Partners LLC raised its position 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 worth $607,000 after acquiring an additional 182 shares during the last quarter. Treasurer of the State of North Carolina boosted its holdings in MSCI by 1.0% in the second quarter. Treasurer of the State of North Carolina now owns 35,130 shares of the technology company’s stock valued at $20,261,000 after acquiring an additional 344 shares during the last quarter. Finally, Osterweis Capital Management Inc. bought a new stake in MSCI in the second quarter valued at approximately $88,000. 89.97% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the stock. UBS Group set a $615.00 price target on shares of MSCI in a report on Wednesday, July 22nd. Barclays upped their price objective on shares of MSCI from $700.00 to $735.00 and gave the company an “overweight” rating in a research note on Friday, July 10th. Weiss Ratings cut shares of MSCI from a “buy (b)” rating to a “buy (b-)” rating in a research report on Thursday, July 30th. Rothschild & Co Redburn set a $690.00 target price on shares of MSCI in a research note on Thursday, June 18th. Finally, Wells Fargo & Company dropped their target price on shares of MSCI from $700.00 to $690.00 and set an “overweight” rating on the stock in a report on Wednesday, July 22nd. One analyst has rated the stock with a Strong Buy rating and eleven have assigned a Buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of $709.50.

MSCI Stock Down 1.3%

Shares of MSCI stock opened at $564.08 on Wednesday. The firm has a 50 day moving average of $580.63 and a 200-day moving average of $573.08. The company has a market cap of $41.01 billion, a price-to-earnings ratio of 30.86, a price-to-earnings-growth ratio of 2.18 and a beta of 1.23. MSCI Inc has a 52 week low of $501.08 and a 52 week high of $644.77.

MSCI (NYSE:MSCI) last released its 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). The company had revenue of $867.00 million for the quarter, compared to analyst estimates of $870.71 million. MSCI had a net margin of 40.74% and a negative return on equity of 55.19%. The firm’s revenue was up 12.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $4.17 EPS. Analysts anticipate that MSCI Inc will post 19.61 earnings per share for the current year.

MSCI Announces Dividend

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

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.