Ieq Capital LLC Makes New Investment in MSCI Inc $MSCI

Ieq Capital LLC purchased a new position in shares of MSCI Inc (NYSE:MSCI) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 22,717 shares of the technology company’s stock, valued at approximately $12,723,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. Empowered Funds LLC raised its stake in MSCI by 7.6% in the first quarter. Empowered Funds LLC now owns 2,003 shares of the technology company’s stock valued at $1,133,000 after buying an additional 142 shares during the last quarter. Woodline Partners LP grew its stake in shares of MSCI by 39.0% during the first quarter. Woodline Partners LP now owns 6,585 shares of the technology company’s stock worth $3,724,000 after acquiring an additional 1,846 shares during the last quarter. Sivia Capital Partners LLC grew its stake in shares of MSCI by 20.9% during the second quarter. Sivia Capital Partners LLC now owns 1,052 shares of the technology company’s stock worth $607,000 after acquiring an additional 182 shares during the last quarter. Treasurer of the State of North Carolina increased its holdings in shares of MSCI by 1.0% during 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 acquiring an additional 344 shares in the last quarter. Finally, Osterweis Capital Management Inc. acquired a new position in shares of MSCI during the second quarter valued at about $88,000. Hedge funds and other institutional investors own 89.97% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently commented on MSCI shares. Wells Fargo & Company decreased their price objective on shares of MSCI from $700.00 to $690.00 and set an “overweight” rating for the company in a research report on Wednesday, July 22nd. Jefferies Financial Group started coverage on shares of MSCI in a research note on Friday, July 17th. They set a “buy” rating and a $760.00 price target on the stock. Rothschild & Co Redburn set a $690.00 price target on shares of MSCI in a research note on Thursday, June 18th. Evercore set a $722.00 price target on shares of MSCI in a report on Wednesday, July 22nd. Finally, Bank of America lifted their price objective on shares of MSCI from $715.00 to $730.00 and gave the stock a “buy” rating in a research note on Friday, July 10th. One investment analyst has rated the stock with a Strong Buy rating and eleven have given a Buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of $709.50.

MSCI Stock Down 0.8%

Shares of NYSE:MSCI opened at $564.08 on Friday. MSCI Inc has a 52-week low of $501.08 and a 52-week high of $644.77. The stock has a market cap of $41.01 billion, a price-to-earnings ratio of 30.86, a PEG ratio of 2.15 and a beta of 1.23. The business has a 50-day moving average price of $582.30 and a 200-day moving average price of $573.55.

MSCI (NYSE:MSCI) last released its 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 for the quarter, compared to analyst estimates of $870.71 million. MSCI had a negative return on equity of 55.19% and a net margin of 40.74%.The company’s revenue for the quarter was up 12.2% compared to the same quarter last year. During the same period last year, the firm earned $4.17 EPS. As a group, equities analysts anticipate that MSCI Inc will post 19.61 EPS 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 given a dividend of $2.05 per share. The ex-dividend date of this dividend 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 (DPR) is currently 44.86%.

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.