Pallas Capital Advisors LLC Invests $689,000 in MSCI Inc $MSCI

Pallas Capital Advisors LLC bought a new position in MSCI Inc (NYSE:MSCI) during the second quarter, according to its most recent disclosure with the SEC. The firm bought 1,230 shares of the technology company’s stock, valued at approximately $689,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Norges Bank purchased a new position in MSCI during the fourth quarter valued at approximately $528,560,000. Retail Employees Superannuation Pty Ltd as trustee for Retail Employees Superannuation Trust purchased a new stake in shares of MSCI in the fourth quarter worth $13,636,000. SBI Okasan Asset Management Co.Ltd. bought a new stake in shares of MSCI during the 4th quarter valued at $1,406,000. FourThought Financial Partners LLC raised its position in shares of MSCI by 19.0% during the 4th quarter. FourThought Financial Partners LLC now owns 11,674 shares of the technology company’s stock valued at $6,697,000 after purchasing an additional 1,862 shares during the period. Finally, PFA Pension Forsikringsaktieselskab purchased a new position in shares of MSCI during the 4th quarter valued at $20,454,000. 89.97% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on MSCI shares. Jefferies Financial Group began coverage on MSCI in a research note on Friday, July 17th. They issued a “buy” rating and a $760.00 price target for the company. 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. Weiss Ratings lowered MSCI from a “buy (b)” rating to a “buy (b-)” rating in a research note on Thursday, July 30th. Wells Fargo & Company decreased their target price on MSCI from $700.00 to $690.00 and set an “overweight” rating on the stock in a research note on Wednesday, July 22nd. Finally, 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. One research analyst has rated the stock with a Strong Buy rating and eleven have given a Buy rating to the stock. According to data from MarketBeat, MSCI currently has an average rating of “Buy” and an average price target of $709.50.

MSCI Stock Up 0.3%

Shares of NYSE:MSCI opened at $564.44 on Thursday. The firm has a fifty day simple moving average of $583.54 and a two-hundred day simple moving average of $573.90. MSCI Inc has a 52 week low of $501.08 and a 52 week high of $644.77. The stock has a market capitalization of $41.03 billion, a P/E ratio of 30.88, a PEG ratio of 2.15 and a beta of 1.23.

MSCI (NYSE:MSCI) last announced its earnings results 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 business had revenue of $867.00 million for the quarter, compared to analysts’ expectations of $870.71 million. During the same quarter in the prior year, the company posted $4.17 earnings per share. The firm’s quarterly revenue was up 12.2% compared to the same quarter last year. On average, analysts expect that MSCI Inc will post 19.61 earnings per share for the current year.

MSCI Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 28th. Shareholders of record on Friday, August 14th will be given a dividend of $2.05 per share. The ex-dividend date is Friday, August 14th. This represents a $8.20 dividend on an annualized basis and a yield of 1.5%. MSCI’s dividend payout ratio is 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.