Engineers Gate Manager LP Buys 4,097 Shares of MSCI Inc $MSCI

Engineers Gate Manager LP lifted its position in MSCI Inc (NYSE:MSCI) by 40.6% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 14,194 shares of the technology company’s stock after acquiring an additional 4,097 shares during the period. Engineers Gate Manager LP’s holdings in MSCI were worth $7,949,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Ancora Advisors LLC acquired a new position in MSCI during the second quarter valued at approximately $27,000. Harvest Fund Management Co. Ltd acquired a new stake in MSCI in the fourth quarter worth $30,000. Elyxium Wealth LLC acquired a new stake in MSCI in the fourth quarter worth $34,000. Compound Global Advisors LLC bought a new position in shares of MSCI during the second quarter worth $34,000. Finally, SHP Wealth Management bought a new position in shares of MSCI during the fourth quarter worth $36,000. Institutional investors own 89.97% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on MSCI shares. UBS Group set a $615.00 price target on shares of MSCI in a report on Wednesday, July 22nd. Jefferies Financial Group began coverage on shares of MSCI in a research report on Friday, July 17th. They issued a “buy” rating and a $760.00 price objective on the stock. Wells Fargo & Company reduced their target price on shares of MSCI from $700.00 to $690.00 and set an “overweight” rating for the company in a research note on Wednesday, July 22nd. JPMorgan Chase & Co. increased their target price on MSCI from $700.00 to $742.00 and gave the stock an “overweight” rating in a report on Monday, July 20th. Finally, Morgan Stanley reiterated an “overweight” rating and set a $700.00 target price 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 assigned a Buy rating to the stock. According to MarketBeat, the stock has an average rating of “Buy” and a consensus price target of $709.50.

MSCI Stock Down 1.3%

Shares of MSCI opened at $547.21 on Friday. MSCI Inc has a twelve month low of $501.08 and a twelve month high of $644.77. The stock has a market capitalization of $39.78 billion, a P/E ratio of 29.93, a P/E/G ratio of 2.12 and a beta of 1.22. The company has a 50 day moving average of $577.92 and a 200-day moving average of $575.44.

MSCI (NYSE:MSCI) last announced its quarterly earnings data on Tuesday, July 21st. The technology company reported $4.94 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 business had revenue of $867.00 million during the quarter, compared to the consensus estimate of $870.71 million. During the same period in the prior year, the firm earned $4.17 EPS. The business’s revenue for the quarter was up 12.2% compared to the same quarter last year. On average, sell-side analysts anticipate that MSCI Inc will post 19.61 earnings per share for the current fiscal year.

MSCI Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, August 28th. Shareholders of record on Friday, August 14th were given a dividend of $2.05 per share. The ex-dividend date of this dividend was Friday, August 14th. This represents a $8.20 annualized dividend and a yield of 1.5%. MSCI’s payout ratio is 44.86%.

MSCI Profile

MSCI Inc is a global provider of investment decision-support tools and services for institutional investors, asset managers, wealth managers, banks and other financial institutions. The company is best known for its indexes, which are used to benchmark portfolios and support the design of investment products such as exchange-traded funds and other index-based strategies.

In addition to indexes covering equities, fixed income and other asset classes, MSCI provides portfolio analytics, risk-management tools, performance measurement and investment data.