NEOS Investment Management LLC Grows Holdings in MSCI Inc $MSCI

NEOS Investment Management LLC grew its position in shares of MSCI Inc (NYSE:MSCI) by 11.4% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 11,357 shares of the technology company’s stock after purchasing an additional 1,164 shares during the period. NEOS Investment Management LLC’s holdings in MSCI were worth $6,360,000 at the end of the most recent quarter.

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

MSCI Stock Down 0.4%

MSCI stock opened at $572.27 on Friday. The company has a market cap of $41.60 billion, a price-to-earnings ratio of 31.31, a PEG ratio of 2.19 and a beta of 1.22. The business has a fifty day simple moving average of $579.52 and a 200-day simple moving average of $574.58. MSCI Inc has a 52 week low of $501.08 and a 52 week high of $644.77.

MSCI (NYSE:MSCI) last issued its earnings results on Tuesday, July 21st. The technology company reported $4.94 earnings per share for the quarter, missing the consensus estimate of $4.99 by ($0.05). MSCI had a negative return on equity of 55.19% and a net margin of 40.74%.The firm had revenue of $867.00 million during the quarter, compared to analysts’ expectations of $870.71 million. During the same period last year, the business posted $4.17 earnings per share. The company’s quarterly revenue was up 12.2% compared to the same quarter last year. As a group, analysts expect that MSCI Inc will post 19.61 earnings per share for the current fiscal year.

MSCI Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 28th. Stockholders of record on Friday, August 14th were issued a $2.05 dividend. This represents a $8.20 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date was Friday, August 14th. MSCI’s dividend payout ratio (DPR) is 44.86%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the company. Morgan Stanley reaffirmed an “overweight” rating and issued a $700.00 price objective on shares of MSCI in a research report on Tuesday, July 21st. Evercore set a $722.00 target price on MSCI in a research report on Wednesday, July 22nd. Raymond James Financial raised their price target on MSCI from $730.00 to $760.00 and gave the stock a “strong-buy” rating in a research note on Wednesday, July 8th. UBS Group set a $615.00 price target on MSCI in a report on Wednesday, July 22nd. Finally, 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. One research analyst has rated the stock with a Strong Buy rating and eleven have assigned a Buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of $709.50.

Trending Headlines about MSCI

Here are the key news stories impacting MSCI this week:

• Positive Sentiment: Director Rajat Taneja significantly increased his MSCI stake on September 4. The insider purchase may signal confidence in the company’s long-term outlook and provide modest support for investor sentiment. Prominent MSCI Insider Makes Bold Move With Fresh Stock Purchase
• Positive Sentiment: MSCI’s Asia-Pacific equity index rose as easing expectations for Federal Reserve policy helped lift global equities. A more favorable market environment can support demand for MSCI’s benchmarks, analytics and investment products, although this is an indirect benefit. Global Market Today: Asian Stocks Rise as Fed Rate-Hike Bets Ease
• Neutral Sentiment: MSCI will participate in Barclays’ Annual Global Financial Services Conference on September 14, with CFO Andy Wiechmann scheduled for a fireside chat. The event could provide updates on strategy, demand and financial performance, but no new guidance was announced. MSCI to Participate in Barclays Annual Global Financial Services Conference
• Neutral Sentiment: Several reports focus on MSCI removing India-based Swiggy from its Global Standard and related indexes effective September 7 because of foreign-ownership restrictions. The change may cause passive-fund flows in Swiggy, but it is a routine index decision and is not expected to materially affect MSCI’s own revenue or earnings. Swiggy Shares in Focus as MSCI Removes Stock From Global Standard Indexes

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.