Sanctuary Advisors LLC Acquires New Position in MSCI Inc $MSCI

Sanctuary Advisors LLC bought a new position in MSCI Inc (NYSE:MSCI) in the second quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 4,795 shares of the technology company’s stock, valued at approximately $2,686,000.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Norges Bank bought a new stake in MSCI in the fourth quarter worth $528,560,000. Retail Employees Superannuation Pty Ltd as trustee for Retail Employees Superannuation Trust purchased a new stake in MSCI during the fourth quarter valued at about $13,636,000. SBI Okasan Asset Management Co.Ltd. bought a new position in shares of MSCI during the fourth quarter valued at about $1,406,000. FourThought Financial Partners LLC grew its stake in shares of MSCI by 19.0% during the fourth quarter. FourThought Financial Partners LLC now owns 11,674 shares of the technology company’s stock valued at $6,697,000 after buying an additional 1,862 shares during the last quarter. Finally, MUFG Securities EMEA plc increased its holdings in shares of MSCI by 5,509.7% in the fourth quarter. MUFG Securities EMEA plc now owns 83,080 shares of the technology company’s stock worth $47,665,000 after buying an additional 81,599 shares during the period. Hedge funds and other institutional investors own 89.97% of the company’s stock.

MSCI Trading Down 1.3%

MSCI stock opened at $564.08 on Wednesday. The firm has a market cap of $41.01 billion, a P/E ratio of 30.86, a P/E/G ratio of 2.18 and a beta of 1.23. MSCI Inc has a 1-year low of $501.08 and a 1-year high of $644.77. The firm has a 50-day moving average of $580.63 and a 200-day moving average of $573.08.

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 analysts’ consensus estimates of $4.99 by ($0.05). The business had revenue of $867.00 million for the quarter, compared to analysts’ expectations of $870.71 million. MSCI had a net margin of 40.74% and a negative return on equity of 55.19%. The firm’s revenue for the quarter was up 12.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $4.17 EPS. Research analysts forecast that MSCI Inc will post 19.61 earnings per share for the current fiscal year.

MSCI Announces Dividend

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

Analyst Ratings Changes

MSCI has been the subject of several analyst reports. Jefferies Financial Group began coverage on MSCI in a report on Friday, July 17th. They set a “buy” rating and a $760.00 target price for 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 report on Monday, July 20th. Barclays boosted their price objective on MSCI from $700.00 to $735.00 and gave the company an “overweight” rating in a research report on Friday, July 10th. Rothschild & Co Redburn set a $690.00 price objective on MSCI in a research note on Thursday, June 18th. Finally, Raymond James Financial raised their target price on shares of MSCI from $730.00 to $760.00 and gave the stock a “strong-buy” rating in a 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. According to MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price 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.