NewEdge Wealth LLC Buys New Stake in MSCI Inc $MSCI

NewEdge Wealth LLC bought a new position in MSCI Inc (NYSE:MSCI) during the 2nd quarter, Holdings Channel reports. The fund bought 2,519 shares of the technology company’s stock, valued at approximately $1,411,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Empowered Funds LLC lifted its position in shares of MSCI by 7.6% during the 1st quarter. Empowered Funds LLC now owns 2,003 shares of the technology company’s stock worth $1,133,000 after purchasing an additional 142 shares during the last quarter. Woodline Partners LP grew its holdings in MSCI by 39.0% in the 1st quarter. Woodline Partners LP now owns 6,585 shares of the technology company’s stock valued at $3,724,000 after buying an additional 1,846 shares during the last quarter. Sivia Capital Partners LLC increased its position in MSCI by 20.9% in the 2nd quarter. Sivia Capital Partners LLC now owns 1,052 shares of the technology company’s stock worth $607,000 after buying an additional 182 shares during the period. Treasurer of the State of North Carolina increased its position in MSCI by 1.0% in the 2nd quarter. Treasurer of the State of North Carolina now owns 35,130 shares of the technology company’s stock worth $20,261,000 after buying an additional 344 shares during the period. Finally, Osterweis Capital Management Inc. acquired a new position in shares of MSCI during the second quarter worth approximately $88,000. Institutional investors and hedge funds own 89.97% of the company’s stock.

MSCI Stock Performance

Shares of NYSE MSCI opened at $564.08 on Friday. MSCI Inc has a 52-week low of $501.08 and a 52-week high of $644.77. The stock 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. The firm has a 50 day moving average price of $582.30 and a 200 day moving average price of $573.55.

MSCI (NYSE:MSCI) last issued 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). 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 business’s quarterly revenue was up 12.2% compared to the same quarter last year. During the same period in the previous year, the business posted $4.17 EPS. Analysts predict that MSCI Inc will post 19.61 earnings per share 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 paid 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 yield of 1.5%. MSCI’s payout ratio is presently 44.86%.

Analysts Set New Price Targets

MSCI has been the subject of a number of research reports. Bank of America increased their price target on shares of MSCI from $715.00 to $730.00 and gave the company a “buy” rating in a report on Friday, July 10th. Wells Fargo & Company lowered their price target on MSCI from $700.00 to $690.00 and set an “overweight” rating on the stock in a research report on Wednesday, July 22nd. Barclays upped their price objective on shares of MSCI from $700.00 to $735.00 and gave the stock an “overweight” rating in a research note on Friday, July 10th. 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 report on Wednesday, July 8th. Finally, UBS Group set a $615.00 price target on shares of MSCI in a 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 MarketBeat, MSCI currently has a consensus rating of “Buy” and an average target price 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.