Cibc World Market Inc. Makes New $6.04 Million Investment in MSCI Inc $MSCI

Cibc World Market Inc. bought a new position in shares of MSCI Inc (NYSE:MSCI) in the 2nd quarter, according to its most recent 13F filing with the SEC. The fund bought 10,793 shares of the technology company’s stock, valued at approximately $6,045,000.

A number of other institutional investors and hedge funds also recently modified their holdings of MSCI. OMERS ADMINISTRATION Corp acquired a new stake in shares of MSCI in the 2nd quarter valued at approximately $4,117,000. Osmosis Investment Management UK Ltd acquired a new position in MSCI during the second quarter valued at approximately $1,093,000. Sanctuary Advisors LLC bought a new stake in MSCI in the second quarter valued at approximately $2,686,000. Connor Clark & Lunn Investment Management Ltd. bought a new stake in MSCI in the second quarter valued at approximately $6,384,000. Finally, Magellan Asset Management Ltd acquired a new stake in MSCI in the second quarter worth $9,742,000. 89.97% of the stock is owned by institutional investors.

MSCI Trading Down 1.3%

MSCI stock opened at $564.08 on Wednesday. The stock has a 50-day moving average price of $580.63 and a two-hundred day moving average price of $573.08. The stock has a market cap of $41.01 billion, a PE ratio of 30.86, a price-to-earnings-growth ratio of 2.18 and a beta of 1.23. MSCI Inc has a 1 year low of $501.08 and a 1 year 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 analysts’ consensus estimates of $4.99 by ($0.05). The firm had revenue of $867.00 million during the quarter, compared to the consensus estimate of $870.71 million. MSCI had a net margin of 40.74% and a negative return on equity of 55.19%. The business’s revenue for the quarter was up 12.2% on a year-over-year basis. During the same quarter last year, the firm earned $4.17 earnings per share. On average, analysts forecast that MSCI Inc will post 19.61 earnings per share for the current fiscal year.

MSCI Dividend Announcement

The company also recently announced 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 is Friday, August 14th. This represents a $8.20 annualized dividend and a yield of 1.5%. MSCI’s payout ratio is presently 44.86%.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on MSCI shares. 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 restated an “overweight” rating and issued a $700.00 price objective on shares of MSCI in a research report on Tuesday, July 21st. UBS Group set a $615.00 price objective on MSCI in a research note on Wednesday, July 22nd. Jefferies Financial Group began coverage on MSCI in a report on Friday, July 17th. They set a “buy” rating and a $760.00 target price on the stock. Finally, Rothschild & Co Redburn set a $690.00 target price on MSCI in a research note on Thursday, June 18th. One investment analyst has rated the stock with a Strong Buy rating and eleven have assigned a Buy rating to the company. Based on data from MarketBeat, MSCI currently has a consensus rating of “Buy” and a consensus target price 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.