Engineers Gate Manager LP Buys 4,097 Shares of MSCI Inc $MSCI

Engineers Gate Manager LP lifted its position in MSCI Inc (NYSE:MSCI) by 40.6% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 14,194 shares of the technology company’s stock after purchasing an additional 4,097 shares during the quarter. Engineers Gate Manager LP’s holdings in MSCI were worth $7,949,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in MSCI. Ancora Advisors LLC acquired a new stake in shares of MSCI during the second quarter worth approximately $27,000. Harvest Fund Management Co. Ltd bought a new stake in MSCI during the 4th quarter worth approximately $30,000. Elyxium Wealth LLC acquired a new stake in MSCI during the 4th quarter valued at $34,000. Compound Global Advisors LLC bought a new position in MSCI in the 2nd quarter valued at $34,000. Finally, SHP Wealth Management bought a new position in MSCI in the 4th quarter valued at $36,000. 89.97% of the stock is owned by institutional investors.

MSCI Trading Down 1.3%

MSCI stock opened at $547.21 on Friday. The company has a market cap of $39.78 billion, a PE ratio of 29.93, a PEG ratio of 2.12 and a beta of 1.22. MSCI Inc has a 1 year low of $501.08 and a 1 year high of $644.77. The company’s 50-day moving average is $577.92 and its two-hundred day moving average is $575.44.

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). The business had revenue of $867.00 million for the quarter, compared to analyst estimates of $870.71 million. MSCI had a negative return on equity of 55.19% and a net margin of 40.74%.The firm’s quarterly revenue was up 12.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $4.17 EPS. Research analysts forecast that MSCI Inc will post 19.61 EPS for the current year.

MSCI Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, August 28th. Shareholders of record on Friday, August 14th were given a dividend of $2.05 per share. The ex-dividend date was Friday, August 14th. This represents a $8.20 annualized dividend and a dividend yield of 1.5%. MSCI’s payout ratio is presently 44.86%.

Wall Street Analysts Forecast Growth

MSCI has been the subject of a number of research reports. Bank of America raised their target price on MSCI from $715.00 to $730.00 and gave the company a “buy” rating in a research note on Friday, July 10th. Weiss Ratings cut shares of MSCI from a “buy (b)” rating to a “buy (b-)” rating in a research report on Thursday, July 30th. Morgan Stanley reaffirmed an “overweight” rating and issued a $700.00 target price on shares of MSCI in a research note on Tuesday, July 21st. Barclays increased their price target on shares of MSCI from $700.00 to $735.00 and gave the company an “overweight” rating in a research note on Friday, July 10th. Finally, Evercore set a $722.00 price objective on shares of MSCI in a research report on Wednesday, July 22nd. One research analyst has rated the stock with a Strong Buy rating and eleven have assigned a Buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of $709.50.

MSCI Profile

MSCI Inc is a global provider of investment decision-support tools and services for institutional investors, asset managers, wealth managers, banks and other financial institutions. The company is best known for its indexes, which are used to benchmark portfolios and support the design of investment products such as exchange-traded funds and other index-based strategies.

In addition to indexes covering equities, fixed income and other asset classes, MSCI provides portfolio analytics, risk-management tools, performance measurement and investment data.