3,250 Shares in MSCI Inc $MSCI Purchased by Fairtree Asset Management Pty Ltd

Fairtree Asset Management Pty Ltd bought a new stake in shares of MSCI Inc (NYSE:MSCI) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 3,250 shares of the technology company’s stock, valued at approximately $1,820,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Advisors Capital Management LLC purchased a new stake in MSCI in the second quarter worth $6,116,000. PCM Encore LLC bought a new stake in MSCI during the 2nd quarter valued at about $335,000. Trillium Asset Management LLC bought a new stake in MSCI during the 2nd quarter valued at about $5,998,000. Vise Technologies Inc. purchased a new stake in MSCI in the 2nd quarter valued at about $1,022,000. Finally, E Fund Management Co. Ltd. bought a new position in MSCI in the 2nd quarter worth about $540,000. 89.97% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. Morgan Stanley reiterated an “overweight” rating and issued a $700.00 price target on shares of MSCI in a report on Tuesday, July 21st. Raymond James Financial raised their price target on MSCI from $730.00 to $760.00 and gave the company a “strong-buy” rating in a research note on Wednesday, July 8th. Jefferies Financial Group began coverage on shares of MSCI in a research note on Friday, July 17th. They issued a “buy” rating and a $760.00 price objective for the company. Bank of America raised their target price on shares of MSCI from $715.00 to $730.00 and gave the company a “buy” rating in a research report on Friday, July 10th. Finally, UBS Group set a $615.00 price target on shares of MSCI in a research report on Wednesday, July 22nd. One research analyst has rated the stock with a Strong Buy rating and eleven have given a Buy rating to the company’s stock. According to data from MarketBeat, MSCI has an average rating of “Buy” and a consensus price target of $709.50.

MSCI Trading Up 0.5%

NYSE MSCI opened at $568.09 on Friday. The firm’s fifty day simple moving average is $583.00 and its two-hundred day simple moving average is $573.62. The firm has a market capitalization of $41.30 billion, a P/E ratio of 31.08, a P/E/G ratio of 2.16 and a beta of 1.23. MSCI Inc has a 12-month low of $501.08 and a 12-month high of $644.77.

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 analysts’ expectations 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 in the prior year, the company posted $4.17 EPS. As a group, sell-side analysts predict that MSCI Inc will post 19.61 earnings per share for the current fiscal year.

MSCI Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 28th. Shareholders of record on Friday, August 14th will be issued a $2.05 dividend. This represents a $8.20 annualized dividend and a yield of 1.4%. The ex-dividend date of this dividend is Friday, August 14th. MSCI’s dividend payout ratio (DPR) 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.