Strategic Global Advisors LLC Acquires New Shares in MSCI Inc $MSCI

Strategic Global Advisors LLC bought a new stake in shares of MSCI Inc (NYSE:MSCI) during the second quarter, Holdings Channel.com reports. The fund bought 22,707 shares of the technology company’s stock, valued at approximately $12,717,000. MSCI comprises 1.8% of Strategic Global Advisors LLC’s investment portfolio, making the stock its 12th biggest position.

Other institutional investors have also recently made changes to their positions in the company. Ancora Advisors LLC purchased a new position in shares of MSCI in the second quarter valued at $27,000. Harvest Fund Management Co. Ltd bought a new stake in shares of MSCI during the 4th quarter valued at $30,000. Elyxium Wealth LLC purchased a new stake in MSCI during the 4th quarter worth about $34,000. Compound Global Advisors LLC purchased a new stake in MSCI during the 2nd quarter worth about $34,000. Finally, SHP Wealth Management bought a new position in MSCI in the 4th quarter worth about $36,000. Hedge funds and other institutional investors own 89.97% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have weighed in on MSCI. 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. Rothschild & Co Redburn set a $690.00 price target on shares of MSCI in a report on Thursday, June 18th. Weiss Ratings lowered shares of MSCI from a “buy (b)” rating to a “buy (b-)” rating in a research report on Thursday, July 30th. JPMorgan Chase & Co. boosted 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. Finally, Barclays upped their target price 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 analyst has rated the stock with a Strong Buy rating and eleven have assigned a Buy rating to the company. According to MarketBeat, MSCI presently has a consensus rating of “Buy” and an average price target of $709.50.

MSCI Stock Up 0.1%

MSCI stock opened at $564.39 on Thursday. MSCI Inc has a 52 week low of $501.08 and a 52 week high of $644.77. The business has a 50-day simple moving average of $579.99 and a 200 day simple moving average of $573.07. The stock has a market cap of $41.03 billion, a price-to-earnings ratio of 30.87, a PEG ratio of 2.15 and a beta of 1.23.

MSCI (NYSE:MSCI) last released its quarterly earnings results 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). The business had revenue of $867.00 million during 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 business’s revenue was up 12.2% on a year-over-year basis. During the same period in the previous year, the business earned $4.17 EPS. On average, research analysts anticipate that MSCI Inc will post 19.61 earnings per share for the current 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 1.5%. 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.