Sanctuary Advisors LLC Invests $2.69 Million in MSCI Inc $MSCI

Sanctuary Advisors LLC bought a new stake in shares of MSCI Inc (NYSE:MSCI) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 4,795 shares of the technology company’s stock, valued at approximately $2,686,000.

Several other hedge funds and other institutional investors also recently modified their holdings of MSCI. BlackRock Inc. bought a new position in MSCI in the second quarter worth about $3,062,626,000. State Street Corp lifted its holdings in MSCI by 1.2% in the third quarter. State Street Corp now owns 3,320,761 shares of the technology company’s stock worth $1,884,233,000 after buying an additional 39,450 shares during the period. Bamco Inc. NY boosted its position in MSCI by 15.1% during the 4th quarter. Bamco Inc. NY now owns 2,755,747 shares of the technology company’s stock valued at $1,581,055,000 after acquiring an additional 361,630 shares in the last quarter. Morgan Stanley boosted its position in MSCI by 2.2% during the 4th quarter. Morgan Stanley now owns 2,467,556 shares of the technology company’s stock valued at $1,415,713,000 after acquiring an additional 52,242 shares in the last quarter. Finally, T. Rowe Price Investment Management Inc. grew its holdings in shares of MSCI by 13.2% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 1,446,291 shares of the technology company’s stock worth $829,781,000 after acquiring an additional 168,405 shares during the period. Hedge funds and other institutional investors own 89.97% of the company’s stock.

MSCI Stock Performance

Shares of MSCI opened at $564.08 on Wednesday. MSCI Inc has a fifty-two week low of $501.08 and a fifty-two week high of $644.77. The firm’s 50-day simple moving average is $580.63 and its two-hundred day simple moving average is $573.08. The stock has a market cap of $41.01 billion, a PE ratio of 30.86, a price-to-earnings-growth ratio of 2.18 and a beta of 1.23.

MSCI (NYSE:MSCI) last released 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 previous year, the business posted $4.17 earnings per share. MSCI’s revenue for the quarter was up 12.2% on a year-over-year basis. Equities research analysts predict that MSCI Inc will post 19.61 EPS for the current year.

MSCI Dividend Announcement

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

Analysts Set New Price Targets

Several research analysts have recently issued reports on the company. Morgan Stanley reissued an “overweight” rating and issued a $700.00 target price on shares of MSCI in a research report on Tuesday, July 21st. Raymond James Financial lifted their price target on MSCI from $730.00 to $760.00 and gave the company a “strong-buy” rating in a research report on Wednesday, July 8th. Wells Fargo & Company reduced their price target on MSCI from $700.00 to $690.00 and set an “overweight” rating on the stock in a research note on Wednesday, July 22nd. Jefferies Financial Group started coverage on MSCI in a report on Friday, July 17th. They issued a “buy” rating and a $760.00 price objective for the company. Finally, Evercore set a $722.00 price objective on MSCI in a research report on Wednesday, July 22nd. One research analyst has rated the stock with a Strong Buy rating and eleven have issued a Buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of $709.50.

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.