E Fund Management Co. Ltd. Buys Shares of 964 MSCI Inc $MSCI

E Fund Management Co. Ltd. purchased a new position in MSCI Inc (NYSE:MSCI) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 964 shares of the technology company’s stock, valued at approximately $540,000.

Several other institutional investors have also added to or reduced their stakes in MSCI. BlackRock Inc. purchased a new position in MSCI during the second quarter valued at $3,062,626,000. State Street Corp grew its holdings in MSCI by 1.2% during the third quarter. State Street Corp now owns 3,320,761 shares of the technology company’s stock valued at $1,884,233,000 after purchasing an additional 39,450 shares during the period. Bamco Inc. NY increased its position in MSCI by 15.1% in the fourth quarter. Bamco Inc. NY now owns 2,755,747 shares of the technology company’s stock worth $1,581,055,000 after buying an additional 361,630 shares in the last quarter. Morgan Stanley increased its position in MSCI by 2.2% in the fourth quarter. Morgan Stanley now owns 2,467,556 shares of the technology company’s stock worth $1,415,713,000 after buying an additional 52,242 shares in the last quarter. Finally, T. Rowe Price Investment Management Inc. raised its stake in shares of MSCI by 13.2% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 1,446,291 shares of the technology company’s stock worth $829,781,000 after buying an additional 168,405 shares during the period. 89.97% of the stock is currently owned by institutional investors.

MSCI Trading Up 0.5%

Shares of MSCI opened at $568.09 on Friday. The business’s 50 day moving average is $583.00 and its 200 day moving average is $573.62. MSCI Inc has a 12-month low of $501.08 and a 12-month high of $644.77. The company has a market capitalization of $41.30 billion, a PE ratio of 31.08, a price-to-earnings-growth ratio of 2.16 and a beta of 1.23.

MSCI (NYSE:MSCI) last posted its quarterly 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 business had revenue of $867.00 million during the quarter, compared to the consensus estimate of $870.71 million. During the same quarter in the previous year, the company earned $4.17 earnings per share. The company’s revenue for the quarter was up 12.2% compared to the same quarter last year. Equities research analysts predict that MSCI Inc will post 19.61 earnings per share for the current year.

MSCI Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, August 28th. Investors 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 dividend yield of 1.4%. MSCI’s dividend payout ratio is currently 44.86%.

Analyst Ratings Changes

A number of research analysts have recently weighed in on MSCI shares. Weiss Ratings cut MSCI from a “buy (b)” rating to a “buy (b-)” rating in a research report on Thursday, July 30th. Barclays increased their target price on shares of MSCI from $700.00 to $735.00 and gave the stock an “overweight” rating in a report on Friday, July 10th. JPMorgan Chase & Co. raised their target price on shares of MSCI from $700.00 to $742.00 and gave the stock an “overweight” rating in a research note on Monday, July 20th. Raymond James Financial upped their price target on shares of MSCI from $730.00 to $760.00 and gave the stock a “strong-buy” rating in a research report on Wednesday, July 8th. Finally, UBS Group set a $615.00 price target on shares of MSCI in a research 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’s stock. According to MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus price target of $709.50.

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.