1,989 Shares in MSCI Inc $MSCI Acquired by Diversify Advisory Services LLC

Diversify Advisory Services LLC purchased a new position in shares of MSCI Inc (NYSE:MSCI) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 1,989 shares of the technology company’s stock, valued at approximately $1,136,000.

Other hedge funds also recently made changes to their positions in the company. BlackRock Inc. bought a new position in shares of MSCI in the second quarter worth approximately $3,062,626,000. State Street Corp grew its holdings in MSCI by 1.2% during the 3rd quarter. State Street Corp now owns 3,320,761 shares of the technology company’s stock valued at $1,884,233,000 after buying an additional 39,450 shares in the last quarter. 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 purchasing an additional 361,630 shares during the last quarter. Morgan Stanley raised its position in shares of MSCI by 2.2% during the 4th quarter. Morgan Stanley now owns 2,467,556 shares of the technology company’s stock valued at $1,415,713,000 after buying an additional 52,242 shares in the last quarter. Finally, T. Rowe Price Investment Management Inc. boosted its holdings in shares of MSCI by 13.2% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 1,446,291 shares of the technology company’s stock worth $829,781,000 after purchasing an additional 168,405 shares during the period. 89.97% of the stock is currently owned by institutional investors.

MSCI Trading Up 0.3%

Shares of MSCI stock opened at $564.44 on Thursday. The company has a market capitalization of $41.03 billion, a P/E ratio of 30.88, a P/E/G ratio of 2.15 and a beta of 1.23. MSCI Inc has a 12-month low of $501.08 and a 12-month high of $644.77. The business’s 50 day moving average is $583.54 and its two-hundred day moving average is $573.90.

MSCI (NYSE:MSCI) last announced its 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 company had revenue of $867.00 million during the quarter, compared to analyst estimates of $870.71 million. During the same quarter last year, the business earned $4.17 EPS. The firm’s revenue for the quarter was up 12.2% compared to the same quarter last year. On average, research analysts predict that MSCI Inc will post 19.61 earnings per share for the current fiscal year.

MSCI Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, August 28th. Shareholders of record on Friday, August 14th will be paid a $2.05 dividend. The ex-dividend date of this dividend is Friday, August 14th. This represents a $8.20 dividend on an annualized basis and a dividend yield of 1.5%. MSCI’s dividend payout ratio (DPR) is 44.86%.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the company. 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 shares of MSCI in a research report on Wednesday, July 22nd. Bank of America raised their price objective on MSCI from $715.00 to $730.00 and gave the company a “buy” rating in a research report on Friday, July 10th. Weiss Ratings downgraded shares of MSCI from a “buy (b)” rating to a “buy (b-)” rating in a research note on Thursday, July 30th. Finally, Wells Fargo & Company dropped their price target on MSCI from $700.00 to $690.00 and set an “overweight” rating on the stock in a research note on Wednesday, July 22nd. One investment analyst has rated the stock with a Strong Buy rating and eleven have issued a Buy rating to the stock. According to MarketBeat, MSCI currently has an average rating of “Buy” and a consensus target price of $709.50.

About MSCI

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.