Lombard Odier Asset Management Europe Ltd Invests $15.57 Million in MSCI Inc $MSCI

Lombard Odier Asset Management Europe Ltd purchased a new position in MSCI Inc (NYSE:MSCI) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 27,801 shares of the technology company’s stock, valued at approximately $15,570,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Beacon Pointe Advisors LLC acquired a new stake in MSCI during the 2nd quarter valued at approximately $1,539,000. Pin Oak Investment Advisors Inc. acquired a new position in shares of MSCI in the 2nd quarter valued at approximately $68,000. Livforsakringsbolaget Skandia Omsesidigt acquired a new position in shares of MSCI in the 2nd quarter valued at approximately $348,000. Rakuten Investment Management Inc. purchased a new position in shares of MSCI during the 2nd quarter valued at approximately $6,596,000. Finally, RB Capital Management LLC acquired a new stake in shares of MSCI during the second quarter worth approximately $685,000. Hedge funds and other institutional investors own 89.97% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on MSCI. JPMorgan Chase & Co. lifted their price target on shares of MSCI from $700.00 to $742.00 and gave the stock an “overweight” rating in a research note on Monday, July 20th. Barclays increased their price objective on shares of MSCI from $700.00 to $735.00 and gave the company an “overweight” rating in a research note on Friday, July 10th. Morgan Stanley reissued an “overweight” rating and set a $700.00 price objective on shares of MSCI in a report on Tuesday, July 21st. Evercore set a $722.00 target price on shares of MSCI in a research note on Wednesday, July 22nd. Finally, Wells Fargo & Company cut their target price on shares of MSCI from $700.00 to $690.00 and set an “overweight” rating on the stock in a research note on Wednesday, July 22nd. One research analyst has rated the stock with a Strong Buy rating and eleven have assigned a Buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Buy” and an average price target of $709.50.

MSCI Trading Up 0.4%

Shares of NYSE MSCI opened at $571.20 on Friday. MSCI Inc has a twelve month low of $501.08 and a twelve month high of $644.77. The company has a market capitalization of $41.53 billion, a price-to-earnings ratio of 31.25, a price-to-earnings-growth ratio of 2.17 and a beta of 1.23. The business has a 50 day simple moving average of $579.52 and a 200-day simple moving average of $573.14.

MSCI (NYSE:MSCI) last released 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 analyst estimates 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. As a group, equities analysts predict 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 was paid on Friday, August 28th. Investors of record on Friday, August 14th were paid a dividend of $2.05 per share. This represents a $8.20 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date was Friday, August 14th. MSCI’s dividend payout ratio is presently 44.86%.

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.