NEOS Investment Management LLC Grows Stock Holdings in MSCI Inc $MSCI

NEOS Investment Management LLC grew its holdings in MSCI Inc (NYSE:MSCI) by 11.4% during the second quarter, HoldingsChannel.com reports. The fund owned 11,357 shares of the technology company’s stock after purchasing an additional 1,164 shares during the quarter. NEOS Investment Management LLC’s holdings in MSCI were worth $6,360,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in MSCI. Empowered Funds LLC lifted its stake in shares of MSCI by 7.6% during the first 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 in the last quarter. Woodline Partners LP grew its stake in shares of MSCI by 39.0% in the first 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 in the last quarter. Sivia Capital Partners LLC grew its stake in shares of MSCI by 20.9% in the second quarter. Sivia Capital Partners LLC now owns 1,052 shares of the technology company’s stock valued at $607,000 after buying an additional 182 shares in the last quarter. Treasurer of the State of North Carolina grew its stake in shares of MSCI by 1.0% in the second quarter. Treasurer of the State of North Carolina now owns 35,130 shares of the technology company’s stock valued at $20,261,000 after buying an additional 344 shares in the last quarter. Finally, Osterweis Capital Management Inc. purchased a new stake in shares of MSCI during the 2nd quarter valued at about $88,000. Institutional investors and hedge funds own 89.97% of the company’s stock.

Key Headlines Impacting MSCI

Here are the key news stories impacting MSCI this week:

• Positive Sentiment: Director Rajat Taneja significantly increased his MSCI stake on September 4. The insider purchase may signal confidence in the company’s long-term outlook and provide modest support for investor sentiment. Prominent MSCI Insider Makes Bold Move With Fresh Stock Purchase
• Positive Sentiment: MSCI’s Asia-Pacific equity index rose as easing expectations for Federal Reserve policy helped lift global equities. A more favorable market environment can support demand for MSCI’s benchmarks, analytics and investment products, although this is an indirect benefit. Global Market Today: Asian Stocks Rise as Fed Rate-Hike Bets Ease
• Neutral Sentiment: MSCI will participate in Barclays’ Annual Global Financial Services Conference on September 14, with CFO Andy Wiechmann scheduled for a fireside chat. The event could provide updates on strategy, demand and financial performance, but no new guidance was announced. MSCI to Participate in Barclays Annual Global Financial Services Conference
• Neutral Sentiment: Several reports focus on MSCI removing India-based Swiggy from its Global Standard and related indexes effective September 7 because of foreign-ownership restrictions. The change may cause passive-fund flows in Swiggy, but it is a routine index decision and is not expected to materially affect MSCI’s own revenue or earnings. Swiggy Shares in Focus as MSCI Removes Stock From Global Standard Indexes

Analysts Set New Price Targets

Several research firms recently commented on MSCI. JPMorgan Chase & Co. boosted their price target on MSCI from $700.00 to $742.00 and gave the stock an “overweight” rating in a research report on Monday, July 20th. Rothschild & Co Redburn set a $690.00 price objective on shares of MSCI in a research report on Thursday, June 18th. Weiss Ratings lowered shares of MSCI from a “buy (b)” rating to a “buy (b-)” rating in a research note on Thursday, July 30th. Bank of America boosted their target price on shares of MSCI from $715.00 to $730.00 and gave the stock a “buy” rating in a research report on Friday, July 10th. Finally, Wells Fargo & Company decreased their target price on shares of MSCI from $700.00 to $690.00 and set an “overweight” rating for the company in a research note on Wednesday, July 22nd. One investment analyst has rated the stock with a Strong Buy rating and eleven have given a Buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of $709.50.

MSCI Stock Performance

NYSE:MSCI opened at $572.27 on Friday. MSCI Inc has a one year low of $501.08 and a one year high of $644.77. The business’s 50-day simple moving average is $579.52 and its 200 day simple moving average is $574.58. The stock has a market cap of $41.60 billion, a price-to-earnings ratio of 31.31, a price-to-earnings-growth ratio of 2.19 and a beta of 1.22.

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). MSCI had a net margin of 40.74% and a negative return on equity of 55.19%. The business had revenue of $867.00 million during the quarter, compared to analysts’ expectations of $870.71 million. During the same period in the prior year, the company posted $4.17 EPS. The company’s revenue for the quarter was up 12.2% on a year-over-year basis. On average, equities research analysts predict that MSCI Inc will post 19.61 EPS for the current year.

MSCI Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, August 28th. Investors of record on Friday, August 14th were issued a $2.05 dividend. The ex-dividend date of this dividend was Friday, August 14th. This represents a $8.20 annualized dividend and a yield of 1.4%. MSCI’s dividend 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.