Jupiter Topco LLC Makes New Investment in MSCI Inc $MSCI

Jupiter Topco LLC bought a new position in MSCI Inc (NYSE:MSCI) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 11,635 shares of the technology company’s stock, valued at approximately $6,517,000.

Other institutional investors have also recently made changes to their positions in the company. BlackRock Inc. bought a new stake in shares of MSCI during the second quarter valued at approximately $3,062,626,000. State Street Corp lifted its position in MSCI by 1.2% in the 3rd quarter. State Street Corp now owns 3,320,761 shares of the technology company’s stock valued at $1,884,233,000 after acquiring an additional 39,450 shares in the last quarter. Bamco Inc. NY boosted its stake 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 purchasing an additional 361,630 shares during the last quarter. Morgan Stanley boosted its stake 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 purchasing an additional 52,242 shares during the last quarter. Finally, T. Rowe Price Investment Management Inc. increased its holdings in shares of MSCI by 13.2% in 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 purchasing an additional 168,405 shares in the last quarter. Hedge funds and other institutional investors own 89.97% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the company. Jefferies Financial Group started coverage on MSCI in a research note on Friday, July 17th. They issued a “buy” rating and a $760.00 price target for the company. JPMorgan Chase & Co. increased their price objective on MSCI from $700.00 to $742.00 and gave the company an “overweight” rating in a research report on Monday, July 20th. UBS Group set a $615.00 price objective on MSCI in a report on Wednesday, July 22nd. Barclays boosted their target price on MSCI from $700.00 to $735.00 and gave the stock an “overweight” rating in a research report on Friday, July 10th. Finally, Weiss Ratings cut shares of MSCI from a “buy (b)” rating to a “buy (b-)” rating in a research note on Thursday, July 30th. One 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, the company presently has a consensus rating of “Buy” and an average price target of $709.50.

MSCI Trading Up 0.1%

Shares of MSCI opened at $571.20 on Monday. The firm has a market cap of $41.53 billion, a PE ratio of 31.25, a P/E/G ratio of 2.18 and a beta of 1.23. The firm has a fifty day simple moving average of $579.52 and a two-hundred day simple moving average of $573.23. MSCI Inc has a 1-year low of $501.08 and a 1-year high of $644.77.

MSCI (NYSE:MSCI) last released its quarterly earnings results on Tuesday, July 21st. The technology company reported $4.94 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.99 by ($0.05). MSCI had a negative return on equity of 55.19% and a net margin of 40.74%.The firm had revenue of $867.00 million during the quarter, compared to analysts’ expectations of $870.71 million. During the same quarter last year, the business earned $4.17 earnings per share. The business’s quarterly revenue was up 12.2% on a year-over-year basis. As a group, research analysts forecast that MSCI Inc will post 19.61 EPS for the current fiscal year.

MSCI Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, August 28th. Shareholders of record on Friday, August 14th were issued a $2.05 dividend. The ex-dividend date of this dividend was Friday, August 14th. This represents a $8.20 dividend on an annualized basis and a yield of 1.4%. MSCI’s dividend payout ratio 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.