MSCI Inc $MSCI Shares Bought by Healthcare of Ontario Pension Plan Trust Fund

Healthcare of Ontario Pension Plan Trust Fund grew its stake in shares of MSCI Inc (NYSE:MSCI) by 259.8% in the 1st quarter, Holdings Channel reports. The firm owned 10,685 shares of the technology company’s stock after acquiring an additional 7,715 shares during the quarter. Healthcare of Ontario Pension Plan Trust Fund’s holdings in MSCI were worth $5,759,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in MSCI. Mowery & Schoenfeld Wealth Management LLC boosted its position in MSCI by 341.7% during the 4th quarter. Mowery & Schoenfeld Wealth Management LLC now owns 53 shares of the technology company’s stock valued at $30,000 after purchasing an additional 41 shares during the period. Harvest Fund Management Co. Ltd acquired a new stake in MSCI in the fourth quarter worth $30,000. Eagle Bay Advisors LLC bought a new stake in MSCI in the fourth quarter valued at $34,000. Elyxium Wealth LLC bought a new stake in MSCI in the fourth quarter valued at $34,000. Finally, SHP Wealth Management acquired a new position in shares of MSCI during the fourth quarter valued at $36,000. 89.97% of the stock is currently owned by institutional investors and hedge funds.

MSCI Stock Up 0.7%

Shares of NYSE:MSCI opened at $583.39 on Thursday. MSCI Inc has a 12-month low of $501.08 and a 12-month high of $644.77. The company’s fifty day moving average is $596.46 and its two-hundred day moving average is $576.67. The company has a market cap of $42.41 billion, a P/E ratio of 31.91, a price-to-earnings-growth ratio of 2.21 and a beta of 1.24.

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 analysts’ consensus estimates of $4.99 by ($0.05). The firm had revenue of $867.00 million for the quarter, compared to analyst estimates of $870.71 million. MSCI had a net margin of 40.74% and a negative return on equity of 55.19%. MSCI’s revenue for the quarter was up 12.2% on a year-over-year basis. During the same period in the previous year, the business posted $4.17 EPS. Equities research analysts anticipate that MSCI Inc will post 19.58 earnings per share for the current year.

MSCI Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, August 28th. Stockholders of record on Friday, August 14th will be paid a dividend of $2.05 per share. This represents a $8.20 annualized dividend and a dividend yield of 1.4%. The ex-dividend date is Friday, August 14th. MSCI’s dividend payout ratio is 44.86%.

Analysts Set New Price Targets

Several research firms have recently commented on MSCI. Rothschild & Co Redburn set a $690.00 price target on shares of MSCI in a research report on Thursday, June 18th. Wells Fargo & Company cut their price objective on shares of MSCI from $700.00 to $690.00 and set an “overweight” rating on the stock in a research report on Wednesday, July 22nd. Evercore set a $722.00 target price on shares of MSCI in a research report on Wednesday, July 22nd. Royal Bank Of Canada restated an “outperform” rating and issued a $655.00 price target on shares of MSCI in a research note on Wednesday, April 22nd. Finally, JPMorgan Chase & Co. lifted their price target on MSCI from $700.00 to $742.00 and gave the company an “overweight” rating in a report on Monday, July 20th. One research analyst has rated the stock with a Strong Buy rating and eleven have issued a Buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of $709.50.

MSCI 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.