Meritage Group LP Takes Position in MSCI Inc $MSCI

Meritage Group LP purchased a new position in shares of MSCI Inc (NYSE:MSCI) during the 2nd quarter, HoldingsChannel.com reports. The fund purchased 274,569 shares of the technology company’s stock, valued at approximately $153,770,000. MSCI comprises 5.9% of Meritage Group LP’s holdings, making the stock its 9th biggest position.

Other large investors have also recently added to or reduced their stakes in the company. Harvest Fund Management Co. Ltd acquired a new stake in shares of MSCI during the fourth quarter valued at about $30,000. Elyxium Wealth LLC acquired a new position in MSCI in the 4th quarter valued at about $34,000. Compound Global Advisors LLC acquired a new position in shares of MSCI in the second quarter worth $34,000. Strategic Wealth Investment Group LLC acquired a new position in shares of MSCI in the second quarter worth $36,000. Finally, SHP Wealth Management purchased a new stake in shares of MSCI in the 4th quarter valued at approximately $36,000. 89.97% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms have recently commented on MSCI. Evercore set a $722.00 price objective on MSCI in a report on Wednesday, July 22nd. Jefferies Financial Group initiated coverage on MSCI in a report on Friday, July 17th. They issued a “buy” rating and a $760.00 price objective for the company. UBS Group set a $615.00 target price on MSCI in a report on Wednesday, July 22nd. JPMorgan Chase & Co. raised their price objective on shares of MSCI from $700.00 to $742.00 and gave the company an “overweight” rating in a research report on Monday, July 20th. Finally, Morgan Stanley reaffirmed an “overweight” rating and set a $700.00 price objective on shares of MSCI in a report on Tuesday, July 21st. One analyst has rated the stock with a Strong Buy rating and eleven have given a Buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of $709.50.

MSCI Stock Up 0.1%

NYSE MSCI opened at $564.08 on Monday. MSCI Inc has a fifty-two week low of $501.08 and a fifty-two week high of $644.77. The stock has a market cap of $41.01 billion, a price-to-earnings ratio of 30.86, a price-to-earnings-growth ratio of 2.15 and a beta of 1.23. The business has a fifty day moving average of $582.30 and a 200-day moving average of $573.19.

MSCI (NYSE:MSCI) last posted its quarterly earnings data 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 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%.MSCI’s revenue for the quarter was up 12.2% compared to the same quarter last year. During the same quarter last year, the business earned $4.17 EPS. As a group, analysts anticipate that MSCI Inc will post 19.61 EPS for the current year.

MSCI Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 28th. Stockholders of record on Friday, August 14th will be paid a $2.05 dividend. This represents a $8.20 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date of this dividend is Friday, August 14th. MSCI’s dividend payout ratio (DPR) is currently 44.86%.

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.