Wealthfront Advisers LLC Makes New Investment in MSCI Inc $MSCI

Wealthfront Advisers LLC bought a new position in shares of MSCI Inc (NYSE:MSCI) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 7,894 shares of the technology company’s stock, valued at approximately $4,421,000.

A number of other institutional investors and hedge funds also recently modified their holdings of MSCI. Norges Bank bought a new position in shares of MSCI during the 4th quarter valued at approximately $528,560,000. Retail Employees Superannuation Pty Ltd as trustee for Retail Employees Superannuation Trust purchased a new position in shares of MSCI during the 4th quarter valued at $13,636,000. SBI Okasan Asset Management Co.Ltd. bought a new position in shares of MSCI during the 4th quarter worth $1,406,000. FourThought Financial Partners LLC increased its holdings in MSCI by 19.0% in the 4th quarter. FourThought Financial Partners LLC now owns 11,674 shares of the technology company’s stock worth $6,697,000 after acquiring an additional 1,862 shares during the last quarter. Finally, PFA Pension Forsikringsaktieselskab purchased a new stake in MSCI in the 4th quarter worth about $20,454,000. 89.97% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the company. JPMorgan Chase & Co. boosted their price objective on MSCI from $700.00 to $742.00 and gave the company 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 research note on Wednesday, July 22nd. Evercore set a $722.00 price target on shares of MSCI in a research report on Wednesday, July 22nd. Rothschild & Co Redburn set a $690.00 price target on shares of MSCI in a research note on Thursday, June 18th. Finally, Barclays raised their price objective on shares of MSCI from $700.00 to $735.00 and gave the stock an “overweight” rating in a report on Friday, July 10th. One research analyst has rated the stock with a Strong Buy rating and eleven have given a Buy rating to the stock. According to MarketBeat, MSCI presently has a consensus rating of “Buy” and a consensus price target of $709.50.

MSCI Stock Performance

NYSE:MSCI opened at $568.09 on Friday. MSCI Inc has a 52-week low of $501.08 and a 52-week high of $644.77. The stock has a fifty day moving average of $583.00 and a 200 day moving average of $573.62. The firm has a market capitalization of $41.30 billion, a price-to-earnings ratio of 31.08, a P/E/G ratio of 2.16 and a beta of 1.23.

MSCI (NYSE:MSCI) last announced its earnings results on Tuesday, July 21st. The technology company reported $4.94 earnings per share for the quarter, missing analysts’ consensus estimates 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 prior year, the company earned $4.17 earnings per share. MSCI’s revenue was up 12.2% compared to the same quarter last year. Equities analysts forecast that MSCI Inc will post 19.61 earnings per share for the current fiscal year.

MSCI Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 28th. Investors of record on Friday, August 14th will be given a $2.05 dividend. This represents a $8.20 annualized dividend and a dividend yield of 1.4%. The ex-dividend date is Friday, August 14th. MSCI’s dividend payout ratio is 44.86%.

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.