Evolve Private Wealth LLC Takes $572,000 Position in MSCI Inc $MSCI

Evolve Private Wealth LLC bought a new position in shares of MSCI Inc (NYSE:MSCI) in the second quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 1,021 shares of the technology company’s stock, valued at approximately $572,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of MSCI. W1M Asset Management Ltd acquired a new stake in shares of MSCI in the 2nd quarter valued at about $262,000. George Kaiser Family Foundation acquired a new position in shares of MSCI during the second quarter worth about $417,000. Westpac Banking Corp bought a new position in shares of MSCI during the second quarter worth about $3,124,000. Sumitomo Life Insurance Co. bought a new position in shares of MSCI during the second quarter worth about $1,445,000. Finally, GCQ FUNDS MANAGEMENT PTY Ltd acquired a new stake in MSCI in the 2nd quarter valued at approximately $66,704,000. Institutional investors and hedge funds own 89.97% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the stock. JPMorgan Chase & Co. raised their price target 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. UBS Group set a $615.00 target price on shares of MSCI in a report on Wednesday, July 22nd. Evercore set a $722.00 target price on shares of MSCI in a research report on Wednesday, July 22nd. Morgan Stanley reiterated an “overweight” rating and issued a $700.00 price target on shares of MSCI in a research note on Tuesday, July 21st. Finally, Barclays boosted their price target on shares of MSCI from $700.00 to $735.00 and gave the stock an “overweight” rating in a research report on Friday, July 10th. One equities research analyst has rated the stock with a Strong Buy rating and eleven have assigned a Buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target of $709.50.

MSCI Price Performance

MSCI stock opened at $570.96 on Tuesday. The company’s 50-day moving average is $581.51 and its 200-day moving average is $573.12. The firm has a market capitalization of $41.51 billion, a PE ratio of 31.23, a P/E/G ratio of 2.15 and a beta of 1.23. MSCI Inc has a fifty-two week low of $501.08 and a fifty-two week high of $644.77.

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

MSCI Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, August 28th. Stockholders of record on Friday, August 14th will be paid a dividend of $2.05 per share. This represents a $8.20 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date is Friday, August 14th. MSCI’s dividend payout ratio (DPR) is currently 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.