Essential Partners LLC Sells 1,531 Shares of MSCI Inc $MSCI

Essential Partners LLC lowered its position in shares of MSCI Inc (NYSE:MSCI) by 52.1% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,405 shares of the technology company’s stock after selling 1,531 shares during the period. Essential Partners LLC’s holdings in MSCI were worth $757,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Mowery & Schoenfeld Wealth Management LLC raised its stake in MSCI by 341.7% in the 4th 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 acquired a new stake in shares of MSCI in the fourth quarter valued at approximately $30,000. Eagle Bay Advisors LLC acquired a new stake in MSCI during the fourth quarter worth approximately $34,000. Elyxium Wealth LLC bought a new position in MSCI during the 4th quarter worth $34,000. Finally, SHP Wealth Management bought a new position in MSCI during the 4th quarter worth $36,000. Institutional investors own 89.97% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently commented on MSCI shares. Barclays boosted their price target on MSCI from $700.00 to $735.00 and gave the company an “overweight” rating in a research note on Friday, July 10th. 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 note on Monday, July 20th. Jefferies Financial Group initiated coverage on MSCI in a research note on Friday, July 17th. They set a “buy” rating and a $760.00 target price for the company. UBS Group set a $615.00 price objective on MSCI in a research report on Wednesday, July 22nd. Finally, Raymond James Financial lifted their target price on MSCI from $730.00 to $760.00 and gave the company a “strong-buy” rating in a research report on Wednesday, July 8th. One analyst has rated the stock with a Strong Buy rating and eleven have issued a Buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and an average target price of $709.50.

MSCI Price Performance

MSCI opened at $575.92 on Friday. The company’s 50 day moving average price is $596.33 and its two-hundred day moving average price is $576.63. The firm has a market capitalization of $41.87 billion, a price-to-earnings ratio of 31.51, a PEG ratio of 2.22 and a beta of 1.24. MSCI Inc has a fifty-two week low of $501.08 and a fifty-two week high of $644.77.

MSCI (NYSE:MSCI) last issued its quarterly earnings data 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 period in the prior year, the firm earned $4.17 EPS. The business’s revenue for the quarter was up 12.2% compared to the same quarter last year. As a group, equities research analysts predict that MSCI Inc will post 19.61 EPS for the current year.

MSCI Announces Dividend

The company 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. This represents a $8.20 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date of this dividend is Friday, August 14th. MSCI’s dividend payout ratio is currently 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.