Cibc World Market Inc. Takes $6.04 Million Position in MSCI Inc $MSCI

Cibc World Market Inc. bought a new position in MSCI Inc (NYSE:MSCI) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 10,793 shares of the technology company’s stock, valued at approximately $6,045,000.

A number of other hedge funds have also made changes to their positions in the company. OMERS ADMINISTRATION Corp bought a new position in MSCI during the 2nd quarter valued at about $4,117,000. Osmosis Investment Management UK Ltd bought a new position in shares of MSCI in the second quarter valued at approximately $1,093,000. Sanctuary Advisors LLC bought a new position in shares of MSCI in the second quarter valued at approximately $2,686,000. Connor Clark & Lunn Investment Management Ltd. acquired a new position in shares of MSCI in the 2nd quarter worth approximately $6,384,000. Finally, Magellan Asset Management Ltd bought a new stake in MSCI during the 2nd quarter worth approximately $9,742,000. Institutional investors and hedge funds own 89.97% of the company’s stock.

MSCI Stock Performance

NYSE MSCI opened at $564.08 on Wednesday. The stock has a market capitalization of $41.01 billion, a P/E 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. The stock has a fifty day moving average of $580.63 and a 200-day moving average of $573.08.

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 firm 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 company’s revenue was up 12.2% compared to the same quarter last year. During the same period last year, the company earned $4.17 EPS. Equities research analysts forecast that MSCI Inc will post 19.61 earnings per share for the current fiscal year.

MSCI Announces Dividend

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

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on MSCI. Evercore set a $722.00 price objective on MSCI in a research report on Wednesday, July 22nd. Jefferies Financial Group started coverage on MSCI in a research note on Friday, July 17th. They issued a “buy” rating and a $760.00 target price for the company. JPMorgan Chase & Co. lifted their price target on MSCI from $700.00 to $742.00 and gave the company an “overweight” rating in a report on Monday, July 20th. UBS Group set a $615.00 price target on shares of MSCI in a research report on Wednesday, July 22nd. Finally, Bank of America increased their price objective on shares of MSCI from $715.00 to $730.00 and gave the stock a “buy” 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. According to MarketBeat, MSCI presently has a consensus rating of “Buy” and a consensus price target of $709.50.

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.