GCQ FUNDS MANAGEMENT PTY Ltd Makes New $66.70 Million Investment in MSCI Inc $MSCI

GCQ FUNDS MANAGEMENT PTY Ltd acquired a new position in shares of MSCI Inc (NYSE:MSCI) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 119,105 shares of the technology company’s stock, valued at approximately $66,704,000. MSCI comprises about 9.2% of GCQ FUNDS MANAGEMENT PTY Ltd’s holdings, making the stock its 5th biggest holding. GCQ FUNDS MANAGEMENT PTY Ltd owned about 0.16% of MSCI at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. Mowery & Schoenfeld Wealth Management LLC grew its holdings in shares of 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 purchasing an additional 41 shares during the last quarter. Harvest Fund Management Co. Ltd acquired a new stake in shares of MSCI during the fourth quarter worth about $30,000. Elyxium Wealth LLC purchased a new stake in shares of MSCI in the 4th quarter valued at about $34,000. Compound Global Advisors LLC purchased a new stake in shares of MSCI in the 2nd quarter valued at about $34,000. Finally, Strategic Wealth Investment Group LLC acquired a new stake in shares of MSCI in the 2nd quarter valued at about $36,000. Institutional investors and hedge funds own 89.97% of the company’s stock.

MSCI Stock Down 0.8%

NYSE MSCI opened at $564.08 on Friday. The firm has a market cap of $41.01 billion, a P/E ratio of 30.86, a P/E/G ratio of 2.17 and a beta of 1.23. MSCI Inc has a 52-week low of $501.08 and a 52-week high of $644.77. The business’s 50-day moving average price is $582.30 and its 200 day moving average price is $573.55.

MSCI (NYSE:MSCI) last posted its quarterly earnings data 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 company had revenue of $867.00 million for the quarter, compared to analysts’ expectations of $870.71 million. During the same period in the prior year, the company earned $4.17 earnings per share. The firm’s revenue was up 12.2% on a year-over-year basis. As a group, analysts anticipate that MSCI Inc will post 19.61 earnings per share for the current year.

MSCI Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, August 28th. Stockholders of record on Friday, August 14th will be issued a $2.05 dividend. 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 1.5%. MSCI’s payout ratio is presently 44.86%.

Analyst Upgrades and Downgrades

Several research analysts have commented on the company. Evercore set a $722.00 price target on MSCI in a research report on Wednesday, July 22nd. Weiss Ratings downgraded MSCI from a “buy (b)” rating to a “buy (b-)” rating in a report on Thursday, July 30th. Barclays raised their target price on shares of MSCI from $700.00 to $735.00 and gave the stock an “overweight” rating in a research report on Friday, July 10th. Raymond James Financial lifted their target price on shares of MSCI from $730.00 to $760.00 and gave the company a “strong-buy” rating in a report on Wednesday, July 8th. Finally, Rothschild & Co Redburn set a $690.00 price target on shares of MSCI in a research report on Thursday, June 18th. One research analyst has rated the stock with a Strong Buy rating and eleven have assigned a Buy rating to the stock. Based on data from MarketBeat.com, MSCI currently has a consensus rating of “Buy” and a consensus price target 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.