Meeder Advisory Services Inc. Buys New Holdings in MSCI Inc $MSCI

Meeder Advisory Services Inc. purchased a new position in MSCI Inc (NYSE:MSCI) during the second quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 1,351 shares of the technology company’s stock, valued at approximately $757,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Norges Bank bought a new position in shares of MSCI during the 4th quarter valued at about $528,560,000. Retail Employees Superannuation Pty Ltd as trustee for Retail Employees Superannuation Trust bought a new stake in shares of MSCI in the fourth quarter worth about $13,636,000. SBI Okasan Asset Management Co.Ltd. bought a new stake in shares of MSCI in the fourth quarter worth about $1,406,000. FourThought Financial Partners LLC lifted its position in shares of MSCI by 19.0% in the fourth quarter. FourThought Financial Partners LLC now owns 11,674 shares of the technology company’s stock worth $6,697,000 after buying an additional 1,862 shares in the last quarter. Finally, MUFG Securities EMEA plc lifted its position 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 in the last quarter. 89.97% of the stock is currently owned by institutional investors.

MSCI Trading Up 0.5%

MSCI stock opened at $568.09 on Friday. The firm has a 50-day moving average price of $583.00 and a 200-day moving average price of $573.62. The firm has a market capitalization of $41.30 billion, a PE ratio of 31.08, a price-to-earnings-growth ratio of 2.16 and a beta of 1.23. MSCI Inc has a 12-month low of $501.08 and a 12-month high of $644.77.

MSCI (NYSE:MSCI) last issued its quarterly 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 net margin of 40.74% and a negative return on equity of 55.19%. The firm had revenue of $867.00 million for the quarter, compared to the consensus estimate of $870.71 million. During the same quarter in the previous year, the company posted $4.17 earnings per share. The business’s revenue for the quarter was up 12.2% on a year-over-year basis. As a group, sell-side analysts predict that MSCI Inc will post 19.61 earnings per share for the current fiscal year.

MSCI Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 28th. Stockholders of record on Friday, August 14th will be paid a dividend of $2.05 per share. The ex-dividend date of this dividend is Friday, August 14th. This represents a $8.20 dividend on an annualized basis and a dividend yield of 1.4%. MSCI’s dividend payout ratio is currently 44.86%.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the company. UBS Group set a $615.00 price target on MSCI in a report on Wednesday, July 22nd. Raymond James Financial upped their price objective on MSCI from $730.00 to $760.00 and gave the stock a “strong-buy” rating in a report on Wednesday, July 8th. Barclays increased their target price on MSCI from $700.00 to $735.00 and gave the company an “overweight” rating in a research report on Friday, July 10th. Wells Fargo & Company cut their target price on shares of MSCI from $700.00 to $690.00 and set an “overweight” rating for the company in a report on Wednesday, July 22nd. Finally, Jefferies Financial Group initiated coverage on shares of MSCI in a research report on Friday, July 17th. They issued a “buy” rating and a $760.00 price target on the stock. One analyst has rated the stock with a Strong Buy rating and eleven have assigned a Buy rating to the stock. According to data from MarketBeat.com, MSCI presently has an average rating of “Buy” and an average price target of $709.50.

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.