15,776 Shares in MSCI Inc $MSCI Purchased by Commerce Bank

Commerce Bank bought a new stake in MSCI Inc (NYSE:MSCI) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 15,776 shares of the technology company’s stock, valued at approximately $8,835,000.

Several other large investors have also recently bought and sold shares of MSCI. BlackRock Inc. acquired a new stake in shares of MSCI in the 2nd quarter worth approximately $3,062,626,000. Norges Bank bought a new position in shares of MSCI in the fourth quarter valued at approximately $528,560,000. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new position in shares of MSCI during the second quarter valued at approximately $480,613,000. Generation Investment Management LLP acquired a new position in shares of MSCI during the second quarter valued at approximately $301,493,000. Finally, Bank of New York Mellon Corp bought a new stake in MSCI during the second quarter worth approximately $234,905,000. Institutional investors and hedge funds own 89.97% of the company’s stock.

Wall Street Analyst Weigh In

MSCI has been the subject of a number of research analyst reports. Morgan Stanley restated an “overweight” rating and issued a $700.00 target price on shares of MSCI in a research report on Tuesday, July 21st. Evercore set a $722.00 price target on MSCI in a research report on Wednesday, July 22nd. Rothschild & Co Redburn set a $690.00 price objective on MSCI in a research note on Thursday, June 18th. Barclays upped their price objective on MSCI from $700.00 to $735.00 and gave the company an “overweight” rating in a report on Friday, July 10th. Finally, Raymond James Financial lifted their target price on MSCI from $730.00 to $760.00 and gave the stock a “strong-buy” rating in a report on Wednesday, July 8th. One equities research analyst has rated the stock with a Strong Buy rating and eleven have assigned a Buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus price target of $709.50.

MSCI Price Performance

MSCI stock opened at $564.08 on Monday. The firm has a market cap of $41.01 billion, a PE ratio of 30.86, a P/E/G ratio of 2.15 and a beta of 1.23. MSCI Inc has a 12 month low of $501.08 and a 12 month high of $644.77. The firm has a 50 day simple moving average of $582.30 and a 200 day simple moving average of $573.19.

MSCI (NYSE:MSCI) last posted its quarterly 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). The business had revenue of $867.00 million during 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 quarterly revenue was up 12.2% compared to the same quarter last year. During the same quarter last year, the firm posted $4.17 EPS. As a group, sell-side 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. Stockholders of record on Friday, August 14th will be paid a dividend of $2.05 per share. The ex-dividend date of this dividend is Friday, August 14th. This represents a $8.20 annualized dividend and a dividend yield of 1.5%. 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.