Caisse de depot et placement du Quebec Makes New Investment in MSCI Inc $MSCI

Caisse de depot et placement du Quebec purchased a new position in shares of MSCI Inc (NYSE:MSCI) during the second quarter, HoldingsChannel.com reports. The institutional investor purchased 3,768 shares of the technology company’s stock, valued at approximately $2,110,000.

A number of other large investors have also made changes to their positions in MSCI. Ancora Advisors LLC acquired a new stake in shares of MSCI in the second quarter valued at about $27,000. Harvest Fund Management Co. Ltd acquired a new position in MSCI during the fourth quarter worth about $30,000. Elyxium Wealth LLC acquired a new position in MSCI during the fourth quarter worth about $34,000. Compound Global Advisors LLC purchased a new position in MSCI in the second quarter valued at about $34,000. Finally, SHP Wealth Management purchased a new position in MSCI in the fourth quarter valued at about $36,000. Hedge funds and other institutional investors own 89.97% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have 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 company an “overweight” rating in a research report on Monday, July 20th. Weiss Ratings cut MSCI from a “buy (b)” rating to a “buy (b-)” rating in a report on Thursday, July 30th. Bank of America raised their price objective on MSCI from $715.00 to $730.00 and gave the company a “buy” rating in a research note on Friday, July 10th. Wells Fargo & Company reduced their price objective on MSCI from $700.00 to $690.00 and set an “overweight” rating for the company in a report on Wednesday, July 22nd. Finally, Raymond James Financial boosted their target price on MSCI from $730.00 to $760.00 and gave the stock a “strong-buy” rating in a research report on Wednesday, July 8th. One analyst has rated the stock with a Strong Buy rating and eleven have issued a Buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of $709.50.

MSCI Trading Up 0.4%

NYSE:MSCI opened at $571.20 on Friday. The company has a market capitalization of $41.53 billion, a P/E ratio of 31.25, a price-to-earnings-growth ratio of 2.18 and a beta of 1.23. The firm has a 50-day moving average price of $579.52 and a two-hundred day moving average price of $573.14. MSCI Inc has a twelve month low of $501.08 and a twelve month high of $644.77.

MSCI (NYSE:MSCI) last announced its quarterly 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). The business had revenue of $867.00 million during the quarter, compared to analysts’ expectations of $870.71 million. MSCI had a net margin of 40.74% and a negative return on equity of 55.19%. The firm’s revenue for the quarter was up 12.2% on a year-over-year basis. During the same period last year, the company earned $4.17 EPS. On average, equities research 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 given a dividend of $2.05 per share. This represents a $8.20 annualized dividend and a dividend yield of 1.4%. The ex-dividend date was Friday, August 14th. MSCI’s 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.