Bull Harbor Capital LLC Invests $668,000 in MSCI Inc $MSCI

Bull Harbor Capital LLC bought a new stake in shares of MSCI Inc (NYSE:MSCI) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 1,239 shares of the technology company’s stock, valued at approximately $668,000.

Several other hedge funds have also bought and sold shares of the stock. Mowery & Schoenfeld Wealth Management LLC grew its position in shares of MSCI by 341.7% during the fourth quarter. Mowery & Schoenfeld Wealth Management LLC now owns 53 shares of the technology company’s stock worth $30,000 after purchasing an additional 41 shares in the last quarter. Harvest Fund Management Co. Ltd purchased a new position in MSCI in the 4th quarter worth approximately $30,000. Eagle Bay Advisors LLC purchased a new position in MSCI in the 4th quarter worth approximately $34,000. Elyxium Wealth LLC bought a new position in MSCI in the 4th quarter worth approximately $34,000. Finally, Strategic Wealth Investment Group LLC bought a new position in MSCI in the 2nd quarter worth approximately $36,000. Institutional investors own 89.97% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on MSCI shares. JPMorgan Chase & Co. lifted their price objective on shares of MSCI from $700.00 to $742.00 and gave the company an “overweight” rating in a research report on Monday, July 20th. Morgan Stanley reaffirmed an “overweight” rating and set a $700.00 target price on shares of MSCI in a research note on Tuesday, July 21st. Bank of America lifted their price target on shares of MSCI from $715.00 to $730.00 and gave the company a “buy” rating in a report on Friday, July 10th. UBS Group set a $615.00 price target on shares of MSCI in a research note on Wednesday, July 22nd. Finally, Rothschild & Co Redburn set a $690.00 price objective on shares of MSCI in a report on Thursday, June 18th. 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 MarketBeat.com, MSCI currently has an average rating of “Buy” and an average target price of $709.50.

MSCI Stock Down 1.2%

Shares of NYSE:MSCI opened at $575.92 on Friday. The firm has a fifty day simple moving average of $596.33 and a two-hundred day simple moving average of $576.63. MSCI Inc has a 52 week low of $501.08 and a 52 week high of $644.77. The stock has a market capitalization of $41.87 billion, a P/E ratio of 31.51, a PEG ratio of 2.22 and a beta of 1.24.

MSCI (NYSE:MSCI) last announced its quarterly earnings results on Tuesday, July 21st. The technology company reported $4.94 EPS for the quarter, missing analysts’ consensus estimates 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 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 period in the previous year, the business posted $4.17 EPS. On average, analysts expect that MSCI Inc will post 19.61 earnings per share for the current year.

MSCI Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 28th. Stockholders of record on Friday, August 14th will be 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 is Friday, August 14th. MSCI’s dividend payout ratio (DPR) is presently 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.