Lombard Odier Asset Management Europe Ltd Buys Shares of 27,801 MSCI Inc $MSCI

Lombard Odier Asset Management Europe Ltd acquired a new stake in shares of MSCI Inc (NYSE:MSCI) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 27,801 shares of the technology company’s stock, valued at approximately $15,570,000.

A number of other hedge funds have also recently bought and sold shares of the company. Ancora Advisors LLC bought a new stake in shares of MSCI in the 2nd quarter worth approximately $27,000. Harvest Fund Management Co. Ltd acquired a new position in MSCI during the fourth quarter valued at $30,000. Elyxium Wealth LLC purchased a new stake in MSCI in the 4th quarter worth about $34,000. Compound Global Advisors LLC purchased a new stake in MSCI in the 2nd quarter worth about $34,000. Finally, SHP Wealth Management acquired a new stake in MSCI during the 4th quarter worth about $36,000. 89.97% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the company. Barclays upped their target price on MSCI from $700.00 to $735.00 and gave the company an “overweight” rating in a report on Friday, July 10th. Morgan Stanley restated an “overweight” rating and set a $700.00 price target on shares of MSCI in a report on Tuesday, July 21st. Weiss Ratings downgraded shares of MSCI from a “buy (b)” rating to a “buy (b-)” rating in a research report on Thursday, July 30th. Bank of America upped their price objective on shares of MSCI from $715.00 to $730.00 and gave the company a “buy” rating in a research note on Friday, July 10th. Finally, Wells Fargo & Company cut their target price on shares of MSCI from $700.00 to $690.00 and set an “overweight” rating for the company in a research report on Wednesday, July 22nd. One equities research analyst has rated the stock with a Strong Buy rating and eleven have assigned a Buy rating to the stock. According to MarketBeat, MSCI presently has a consensus rating of “Buy” and an average price target of $709.50.

MSCI Stock Performance

Shares of MSCI opened at $571.20 on Friday. The firm has a market cap of $41.53 billion, a PE ratio of 31.25, a PEG ratio of 2.17 and a beta of 1.23. The firm’s 50 day moving average price is $579.52 and its 200 day moving average price is $573.14. MSCI Inc has a twelve month low of $501.08 and a twelve month high of $644.77.

MSCI (NYSE:MSCI) last posted its earnings results on Tuesday, July 21st. The technology company reported $4.94 EPS for the quarter, missing the consensus estimate 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 business’s revenue was up 12.2% on a year-over-year basis. During the same period in the prior year, the firm earned $4.17 earnings per share. On average, sell-side analysts anticipate that MSCI Inc will post 19.61 earnings per share for the current fiscal year.

MSCI Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 28th. Investors of record on Friday, August 14th were paid a $2.05 dividend. This represents a $8.20 annualized dividend and a dividend yield of 1.4%. The ex-dividend date of this dividend was Friday, August 14th. MSCI’s payout ratio is presently 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.