Edgestream Partners L.P. Invests $5.90 Million in MSCI Inc $MSCI

Edgestream Partners L.P. acquired a new position in shares of MSCI Inc (NYSE:MSCI) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 10,945 shares of the technology company’s stock, valued at approximately $5,899,000.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in MSCI. Mowery & Schoenfeld Wealth Management LLC boosted its holdings in MSCI by 341.7% during the fourth quarter. Mowery & Schoenfeld Wealth Management LLC now owns 53 shares of the technology company’s stock worth $30,000 after buying an additional 41 shares during the last quarter. Harvest Fund Management Co. Ltd bought a new stake in shares of MSCI in the 4th quarter valued at about $30,000. Eagle Bay Advisors LLC bought a new stake in shares of MSCI in the 4th quarter valued at about $34,000. Elyxium Wealth LLC acquired a new stake in shares of MSCI in the 4th quarter valued at approximately $34,000. Finally, Strategic Wealth Investment Group LLC acquired a new stake in shares of MSCI in the 2nd quarter valued at approximately $36,000. Institutional investors own 89.97% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on MSCI. Evercore set a $722.00 price objective on shares of MSCI in a report on Wednesday, July 22nd. Raymond James Financial increased 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. Morgan Stanley reissued an “overweight” rating and set a $700.00 price target on shares of MSCI in a research report on Tuesday, July 21st. Rothschild & Co Redburn set a $690.00 price target on shares of MSCI in a report on Thursday, June 18th. Finally, Barclays upped their price objective on shares of MSCI from $700.00 to $735.00 and gave the company an “overweight” rating in a research report on Friday, July 10th. One equities research analyst has rated the stock with a Strong Buy rating and eleven have assigned a Buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of $709.50.

MSCI Stock Performance

Shares of MSCI opened at $575.92 on Friday. The stock has a 50 day simple moving average of $596.33 and a 200 day simple moving average of $576.63. MSCI Inc has a 52-week low of $501.08 and a 52-week high of $644.77. The firm has a market capitalization of $41.87 billion, a PE ratio of 31.51, a P/E/G ratio of 2.22 and a beta of 1.24.

MSCI (NYSE:MSCI) last announced its earnings results on Tuesday, July 21st. The technology company reported $4.94 EPS for the quarter, missing the consensus estimate of $4.99 by ($0.05). MSCI had a negative return on equity of 55.19% and a net margin of 40.74%.The company had revenue of $867.00 million for the quarter, compared to analyst estimates of $870.71 million. During the same quarter last year, the business posted $4.17 earnings per share. The business’s quarterly revenue was up 12.2% on a year-over-year basis. Equities research analysts predict that MSCI Inc will post 19.61 EPS 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 issued a dividend of $2.05 per share. This represents a $8.20 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date is Friday, August 14th. MSCI’s dividend payout ratio (DPR) is presently 44.86%.

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.