Royal London Asset Management Ltd. Sells 1,049 Shares of MSCI Inc $MSCI

Royal London Asset Management Ltd. cut its holdings in MSCI Inc (NYSE:MSCI) by 3.1% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 33,019 shares of the technology company’s stock after selling 1,049 shares during the quarter. Royal London Asset Management Ltd.’s holdings in MSCI were worth $18,492,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in MSCI. Empowered Funds LLC boosted its position in shares of MSCI by 7.6% during the first quarter. Empowered Funds LLC now owns 2,003 shares of the technology company’s stock valued at $1,133,000 after buying an additional 142 shares during the last quarter. Woodline Partners LP raised its position in MSCI by 39.0% in the 1st quarter. Woodline Partners LP now owns 6,585 shares of the technology company’s stock worth $3,724,000 after buying an additional 1,846 shares during the last quarter. Sivia Capital Partners LLC lifted its stake in MSCI by 20.9% during the 2nd quarter. Sivia Capital Partners LLC now owns 1,052 shares of the technology company’s stock valued at $607,000 after acquiring an additional 182 shares during the period. Treasurer of the State of North Carolina boosted its holdings in shares of MSCI by 1.0% during the 2nd quarter. Treasurer of the State of North Carolina now owns 35,130 shares of the technology company’s stock valued at $20,261,000 after acquiring an additional 344 shares during the last quarter. Finally, Osterweis Capital Management Inc. purchased a new stake in shares of MSCI during the 2nd quarter valued at about $88,000. 89.97% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

MSCI has been the subject of several research reports. Morgan Stanley reissued an “overweight” rating and set a $700.00 price objective on shares of MSCI in a report on Tuesday, July 21st. JPMorgan Chase & Co. raised their price target on MSCI from $700.00 to $742.00 and gave the stock an “overweight” rating in a research note on Monday, July 20th. Wells Fargo & Company cut their price objective on MSCI from $700.00 to $690.00 and set an “overweight” rating for the company in a report on Wednesday, July 22nd. Rothschild & Co Redburn set a $690.00 price objective on MSCI in a research report on Thursday, June 18th. Finally, Evercore set a $722.00 target price on MSCI in a report on Wednesday, July 22nd. One analyst has rated the stock with a Strong Buy rating and eleven have issued a Buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of $709.50.

MSCI Stock Up 0.1%

MSCI stock opened at $571.20 on Monday. MSCI Inc has a twelve month low of $501.08 and a twelve month high of $644.77. The stock has a market cap of $41.53 billion, a P/E ratio of 31.25, a PEG ratio of 2.18 and a beta of 1.23. The business’s 50-day moving average price is $579.52 and its 200-day moving average price is $573.23.

MSCI (NYSE:MSCI) last released 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). The firm had revenue of $867.00 million during the quarter, compared to analysts’ expectations of $870.71 million. MSCI had a negative return on equity of 55.19% and a net margin of 40.74%.The company’s revenue was up 12.2% compared to the same quarter last year. During the same period in the prior year, the company posted $4.17 earnings per share. On average, equities research analysts expect that MSCI Inc will post 19.61 earnings per share for the current fiscal year.

MSCI Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, August 28th. Shareholders of record on Friday, August 14th were given a $2.05 dividend. This represents a $8.20 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date was Friday, August 14th. MSCI’s dividend payout ratio is presently 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.