Bull Harbor Capital LLC Takes $668,000 Position in MSCI Inc $MSCI

Bull Harbor Capital LLC acquired a new position in MSCI Inc (NYSE:MSCI) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 1,239 shares of the technology company’s stock, valued at approximately $668,000.

A number of other large investors have also added to or reduced their stakes in the company. Norges Bank bought a new position in shares of MSCI in the fourth quarter worth $528,560,000. PICTET BANK & TRUST Ltd lifted its holdings in shares of MSCI by 116.8% during the 4th quarter. PICTET BANK & TRUST Ltd now owns 5,150 shares of the technology company’s stock worth $2,955,000 after acquiring an additional 2,775 shares during the last quarter. Carolina Wealth Advisors LLC bought a new position in MSCI during the fourth quarter valued at approximately $1,302,000. SBI Okasan Asset Management Co.Ltd. purchased a new position in shares of MSCI during the fourth quarter worth approximately $1,406,000. Finally, Retail Employees Superannuation Pty Ltd as trustee for Retail Employees Superannuation Trust bought a new stake in MSCI during the 4th quarter valued at $13,636,000. 89.97% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

MSCI has been the topic of a number of research analyst reports. JPMorgan Chase & Co. upped their target price on MSCI from $700.00 to $742.00 and gave the stock an “overweight” rating in a report on Monday, July 20th. UBS Group set a $615.00 price objective on MSCI in a research note on Wednesday, July 22nd. Raymond James Financial increased their target price on MSCI from $730.00 to $760.00 and gave the stock a “strong-buy” rating in a research note on Wednesday, July 8th. Jefferies Financial Group assumed coverage on MSCI in a research report on Friday, July 17th. They set a “buy” rating and a $760.00 price objective for the company. Finally, Evercore set a $722.00 price objective on MSCI in a research report on Wednesday, July 22nd. One research analyst has rated the stock with a Strong Buy rating and eleven have issued a Buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of $709.50.

MSCI Price Performance

MSCI stock opened at $575.92 on Friday. MSCI Inc has a 1-year low of $501.08 and a 1-year high of $644.77. The company has a market capitalization of $41.87 billion, a price-to-earnings ratio of 31.51, a PEG ratio of 2.22 and a beta of 1.24. The business has a 50 day simple moving average of $596.33 and a two-hundred day simple moving average of $576.63.

MSCI (NYSE:MSCI) last released its quarterly earnings data 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). 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 the consensus estimate of $870.71 million. During the same quarter in the previous year, the business earned $4.17 EPS. The company’s quarterly revenue was up 12.2% on a year-over-year basis. Sell-side analysts anticipate that MSCI Inc will post 19.61 EPS for the current fiscal year.

MSCI Announces Dividend

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